Knowledge Sourcing Intelligence announces the publication of a new analysis report on the market of the "Global Oat milk - which is forecasted from 2022 to 2027."
The growing prevalence of allergies and intolerances and the growing culture of veganism have resulted in stimulating the expansion of the Global Oat milk Market.
As per the report, Global Oat milk Market is expected to grow at a CAGR of 17.04% to reach US$1.432 billion by 2027, from US$0.476 billion in 2020.
The Global Oat milk Market is driven by the rising demand for healthy and vegan food choices in the market. The rising cases of heart diseases and related problems and the increasing cases of allergies and intolerances among youngsters have fuelled the market demand for the oat milk market. Moreover, the increasing awareness of the environmental effects of dairy farming has shifted the consumer preference to consuming healthy and plant-based alternatives, which has increased the demand for the market.
The presence of alternatives such as almond milk, soy milk, and coconut milk may restrict the demand of the market. Moreover, oat milk is much more expensive, as compared to traditional dairy milk, further restricting the growth of the market. Hence, these factors may act as a hindrance to the growth of the market.
Based on Product, the Global Oat milk Market is categorized into plain, and flavored. The plain segment holds a significant share in the market, mostly due to its expanded usability for both cooking and beverages. The growing adoption of plain oat milk in coffee shops and retail outlets has reported a significant increase in the demand for the oat milk market. Hence, this segment is anticipated to see significant demand in the Global Oat milk Market.
Based on the Packaging Form, the Global Oat milk Market is divided into Cartons and Bottles. The carton segment holds the largest market share among other segments. This is largely due to the excellent storage and recycling capabilities of the material. The sturdy and convenient nature of the packaging has resulted in an increased demand for the Oat milk market.
Based on the source, the Global Oat milk Market is categorized into organic, and conventional. The conventional segment holds a significant share in the market, mostly because of the economical nature of conventionally produced oat milk. However, owing to the pesticide-free and healthy practices employed by organically sourced oat milk, the organic source may see a significant increase in market demand.
Based on Geography North America, South America, Europe, the Middle East, Africa, and the Asia Pacific are the regions that make up the Global Oat milk Market. The Asia Pacific region holds the largest market share in this segment, owing to the increasing disposable income in the region. Moreover, the rising heart disease cases and allergies have also led to the growth of the market in this region.
As part of the report, the major players operating in the Global Oat milk Market that have been covered are Pacific Foods of Oregon, LLC, Oatly AB, Elmhurst Milked Direct LLC, Califia Farms, LLC, Thrive Market, HAPPY PLANET FOODS., Danone SA, PepsiCo, Inc., and HP Hood LLC.
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This analytic report segments the Global Oat milk Market on the following basis: