Market Research Report
Oat Milk Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027
|Oat Milk Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027|
Published: July 12, 2022
IMARC Services Private Limited
Content info: 147 Pages
Delivery time: 2-3 business days
The global oat milk market reached a value of US$ 495.3 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 1,062.6 Million by 2027, exhibiting a CAGR of 13.72% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Oat milk is a plant-based, vegan-friendly, lactose-free milk substitute made from oats. Its production process involves soaking, blending, and straining oats. This milk can be consumed in its raw form and as a natural sweetener with added flavorings, such as dates, vanilla, and cinnamon. It has a creamy texture, with the majority of the oats getting absorbed after blending and straining. Oat milk is a natural source of vitamin B, folate, manganese, zinc, thiamine, magnesium, phosphorus, and copper. Commercially available oat milk is fortified with some of the other nutrients, such as iron, potassium, riboflavin, calcium, fiber, and vitamins A and D. Its consumption is associated with numerous health benefits like lowering blood cholesterol and promoting bone health.
The rising inclination towards the consumption of oat milk as an ideal dairy milk substitute across the globe is one of the main factors driving the growth of the market. Other than the similar taste, oat milk is becoming popular due to its health profile and sustainability features. Moreover, manufacturers have started adopting innovative ways to extract oat milk to gain unique selling points and distinguish their products in domestic markets. Nowadays, market players are sourcing high-quality raw materials directly from farmers to make the end-product more cost-effective, which is positively impacting the market growth. Other factors, such as rising number of lactose-intolerant individuals and the availability of oat milk in convenient packaging solutions, are further creating a positive outlook for the market.