The global oat-based ingredients market is projected to surpass US$ 214.4 million by of 2030, in terms of revenue, growing at CAGR of 8.55% during the forecast period (2023 to 2030).
Market Overview:
Oat-based ingredients are primarily used in various food products such as snacks, bakery products, and beverages to enhance their nutritional profile. They help improve the texture, taste, and shelf life of the products.
Market Dynamics:
The Global Oat-based Ingredients Market is primarily driven by rising health awareness and growing consumer preference for healthy food options. Oats and oat-based ingredients are considered highly nutritious due to their high content of dietary fiber, antioxidants, and other phytochemicals.
They help reduce cholesterol levels, manage weight, and promote heart health. Additionally, changing lifestyles and busy schedules have increased the demand for convenient packaged food products incorporating functional ingredients.
This has provided a boost to the demand for oat-based ingredients used in snacks, on-the-go breakfast cereals and bars. Furthermore, demand for plant-based healthy ingredients from vegan and flexitarian consumers has also fueled the market growth over the forecast period.
Increasing Focus on Nutritious and Gluten-Free Diet
The demand for oat-based ingredients is increasing significantly owing to the growing focus of consumers towards nutritious and gluten-free diet. Oats are known to be a good source of various vitamins, minerals, antioxidants and fibers.
They help in reducing the risk of heart diseases and lowering cholesterol levels. Many consumers are switching to oat-based products as they are easy to digest and provide several health benefits.
The growing health consciousness among people across the world is a major factor driving the growth of this market.
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Key Players Covered In This Report:
KELLOGG Company, Grain Millers, Inc., General Mills., Morning Foods, Abbott, Quaker Oats Company, Blue Lake Milling, RICHARDSON INTERNATIONAL LIMITED., Conagra Brands, Inc., Avena Foods Limited
Market Segmantation:
- By Application:
- Breakfast Cereals
- Bakery and Confectionery
- Cosmetics
- Animal Feed
- Pharmaceuticals
- Others
- By Distribution Channel:
- Online
- Offline
Key Region/Countries are Classified as Follows:
The following section of the report offers valuable insights into different regions and the key players operating within each of them. To assess the growth of a specific region or country, economic, social, environmental, technological, and political factors have been carefully considered.
The section also provides readers with revenue and sales data for each region and country, gathered through comprehensive research. This information is intended to assist readers in determining the potential value of an investment in a particular region.
◘ North America (United States, Canada, and Mexico)
◘ Europe (Germany, France, UK, Russia, and Italy)
◘ Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
◘ Latin America (Brazil, Argentina, Colombia,.)
◘ The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
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Rising Popularity of Plant-Based and Vegan Products
With growing veganism and popularity of plant-based lifestyle, there is increasing demand for plant-based alternatives to dairy products. Oat milk has emerged as a popular alternative to dairy milk due to its creamy texture and various nutritional benefits.
Many leading brands are launching new varieties of oat milk and other oat-based vegan products like ice-creams, yogurts etc. These products cater well to the needs of lactose intolerant population and vegan consumers.
The trend of veganism is expected to create new opportunities for innovations using oat-based ingredients in the coming years.
Major Restrain for the Oat-based Ingredients Market
The cost of raw materials used for producing oat-based ingredients is relatively high compared to other grains. Oats require specific climate and soil conditions for cultivation.
Moreover, the processing of oats into various ingredients involves multiple steps adding to the overall manufacturing cost. The high input costs tend to increase the prices of end products.
This makes oat-based foods less affordable for price sensitive consumers. Fluctuations in supply and prices of oats poses a major challenge for this market especially in developing regions.
Growth Opportunity for Oat-based Ingredients Market
Continuous innovations in product formulations and new applications present a huge growth opportunity for oat ingredient manufacturers. With the addition of oat fiber, protein and beta-glucan, manufacturers are developing new varieties of baked goods, noodles, breakfast cereals etc.
Companies are also exploring utilization of oat ingredients in savory products, soups, sauces etc. The wide applications in food and beverage industry help create consistent demand.
Developing innovative ready-to-eat foods using oat-based ingredients can attract more consumers looking for healthy breakfast and snack options.
Increasing Investment in Plant-Based Food Technologies
There is a growing trend of investments in plant-based food technology startups. Many leading food and beverage companies are actively funding new companies engaged in developing alternative protein sources and other innovative food ingredients from plants including oats.
Significant research is being conducted to enhance the nutritional profile and functional properties of oat-based ingredients. Technologies enabling large-scale fractionation of oat components are increasing applications in various product categories.
This trend of innovation-led growth through strategic investments indicates a bright future prospects for oat ingredients market.
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- The report provides an in-depth analysis of the global bromine derivatives market trends along with the current and future market forecast.
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- The qualitative data in this report aims on market dynamics, trends, and developments.
The report answers a number of crucial questions, including:
➥ Which companies dominate the global Oat-based ingredients Market?
➥ What current trends will influence the market over the next few years?
➥ What are the market’s opportunities, obstacles, and driving forces?
➥ What predictions for the future can help with strategic decision-making?
➥ What advantages does market research offer businesses?
➥ Which particular market segments should industry players focus on in order to take advantage of the most recent technical advancements?
➥ What is the anticipated growth rate for the market economy globally?
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