The latest report by IMARC Group, titled “Oats Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032“, The global oats market size reached US$ 5.5 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 6.5 Billion by 2032, exhibiting a growth rate (CAGR) of 1.8% during 2024-2032.
Oats are a type of cereal grain that is widely consumed for its nutritional benefits and versatile applications. This grain is rich in fiber, proteins, vitamins, and minerals, making it a popular choice for a healthy breakfast and an essential ingredient in a variety of food products like oatmeal, granola bars, and baked goods. Oats are also processed to produce oat flour, oat milk, and oat bran, thereby extending their application in the food and beverage sector. They are widely consumed by humans and also serve as fodder for livestock. In industrial settings, oats are utilized in cosmetics and skin care products owing to their soothing and anti-inflammatory properties. As a result, oats have gained a stable position in agricultural production due to their myriad uses and health benefits and are grown in various regions around the globe.
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Oats Market Report Trends and Drivers:
The global oats market is primarily driven by a surge in health consciousness among consumers is fueling the demand for nutrient-rich foods, and oats fit well into this category. Additionally, the versatility of oats makes them suitable for numerous applications beyond food, such as in cosmetics and pet food industries, thereby broadening the market scope. In line with this, the rising popularity of plant-based and gluten-free diets has led to heightened oat consumption, thus augmenting market growth. Moreover, innovations in oat-based products, like ready-to-eat oatmeals and flavored oat beverages, are attracting a larger consumer base. Along with this, sustainable farming practices involving oats are further propelling the market growth.
Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Product:
- Flakes
- Flour
- Bran
- Others
Breakup by Application:
- Food use
- Feed use
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Competitive Landscape with Key Player:
- Avena Foods Limited
- B&G Foods, Inc.
- Bagrrys India Limited
- Blue Lake Milling Pty Ltd. (CBH Group)
- Bob’s Red Mill Natural Foods
- Grain Millers, Inc.
- Kellogg Company
- Marico Limited
- Morning Foods Ltd.
- Nature's Path Foods
- PepsiCo, Inc.
- Post Holdings, Inc.
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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