PUBLISHER: Renub Research | PRODUCT CODE: 1339000
PUBLISHER: Renub Research | PRODUCT CODE: 1339000
Global Oatmeal Market is projected to grow to US$ 11.58 Billion by 2028, according to Renub Research. The changing lifestyle of consumers, including the decision to opt for light and healthy meals, is driving the demand for oats. The high nutritive content of oats is the major driver of the market. The increase in preference for healthy meals and demand for convenience foods is also driving the oats market. Also, its added functional properties enhance its usage by consumers, and it is witnessed to be consumed mostly as a breakfast food.
Furthermore, the fast-paced lifestyle of the running population has fueled the surge in demand for oats as a breakfast cereal. Oatmeal industries are gaining traction as a viable alternative to ingredients like sugar or fat, helping to hold moisture, enhance fiber content, and stabilize meal texture. The prevailing inclination towards low-calorie, low-fat, and coffee-sugar meal products amongst consumers is using the need for oats as an alternative for fats or sugars.
Escalating health concerns, speedy way of life modifications, and shifts in intake styles are amplifying clients' preference for low-fat and coffee-calorie ingredients, pushed via the aspiration to maintain a more fit lifestyle and decrease the risk of numerous health illnesses, which include weight problems, cardiovascular problems, and cancer. The increasing incidence of digestive issues like gastroesophageal reflux disease (GERD), irritable bowel syndrome (IBS), and diverticulitis has brought about increased demand for fiber- and prebiotic-rich meals and beverage merchandise. The United Nations Department of Economic and Social Affairs (UN DESA) predicts that the percentage of elderly individuals within the global population will increase from 9.3% in 2020 to 16.3% in 2050. Consequently, the surging elderly population worldwide is contributing to the escalating demand for wholesome food options. Notably, the Global Oatmeal Market achieved a valuation of US$ 9.28 Billion in 2022.
By consumption Countries, the global oatmeal industry is divided into United States, Canada, Mexico, Brazil, Argentina, Chile, European Union, United Kingdom, Russia, Norway, Turkey, Belarus, Ukraine , Australia, China, Kazakhstan, Others. The European Union oatmeal industry has been experiencing a steady growth trajectory, driven by evolving consumer preferences towards healthier eating habits. Countries like Sweden, Finland, and Ireland have witnessed a remarkable surge in oatmeal consumption due to the popularity of products like oat milk and oat-based breakfast cereals. This trend can be attributed to oats numerous health benefits, including their high fiber content and essential nutrients.
By Producing Countries, Global Oatmeal volume is segmented into Algeria, Argentina, Australia, Belarus, Brazil, Canada, Chile, China, the European Union, Kazakhstan, Norway, Russia, Turkey, Ukraine, the United Kingdom, the United States, and Others. Canada has surged to the forefront of the oatmeal industry with its remarkable production volume growth, outpacing global competitors. This achievement underscores Canada's pivotal role in meeting the rising demand for wholesome and nutritious oat-based products. The nation's commitment to sustainable farming practices, combined with its vast agricultural resources, has positioned it as a leader in the market. As health-conscious consumers continue to seek out quality food options, Canada's rapid expansion in the oatmeal sector sets a dynamic example for the rest of the world to follow.
By Importing Countries, Global Oatmeal volume is segmented into Canada, Chile, China, the European Union, India, Japan, South Korea, Malaysia, Mexico, Norway, Peru, Switzerland, the United Kingdom, the United States, and Others. The United States has ascended to the position of the world's largest oat importer, reflecting its evolving dietary landscape and consumption trends. This growth is underpinned by the increasing popularity of oat-based products due to their health benefits and versatility.
From oat milk to breakfast cereals, Americans are incorporating oats into their daily routines, leading to a surge in demand. The U.S. shift towards healthier eating habits and preference for convenient, nutrient-rich foods has propelled its oat imports. This trend not only reshapes the country's food industry but also reverberates globally, influencing oat production and trade dynamics around the world.
By exporting Countries, Global Oatmeal volume is segmented into Australia, Brazil, Canada, Chile, the European Union, Russia, the United Kingdom, the United States, and Others. Russia is on the cusp of becoming the dominant force in the global oatmeal export market and is anticipated to secure the largest export volume share. Leveraging its abundant agricultural resources and innovative production techniques, Russia is rapidly expanding its oatmeal industry. This growth is driven by increasing demand for nutritious and versatile food options worldwide. With a strategic focus on oat production, Russia is not only poised to meet domestic consumption but is also positioned to influence the international oatmeal trade landscape. As dietary preferences continue to evolve, Russia's ascent as a major oatmeal exporter underscores its potential to shape the future direction of the industry on a global scale.
HainCelestrial, B&G Foods, General Mills, Nestle SA, Kellogg, Quaker Oats (PepsiCo) and Post Holding Inc. are the most prominent player in Global Oatmeal Market.
Renub Research new report titled "Oatmeal Market Global Forecast, By Oat Consuming Country Market (United States, Canada, Mexico, Brazil, Argentina, Chile, European Union, United Kingdom, Russia, Norway, Turkey, Belarus, Ukraine , Australia, China, Kazakhstan, Others), Producing Volume Country (Algeria, Argentina, Australia, Belarus, Brazil, Canada, Chile, China, European Union, Kazakhstan, Norway, Russia, Turkey, Ukraine, United Kingdom, United States and Others), Importing Volume Country (Canada, Chile, China, European Union, India, Japan, South Korea, Malaysia, Mexico, Norway, Peru, Switzerland, United Kingdom, United States and Others), Exporting Country (Australia, Brazil, Canada, Chile, European Union, Russia, United Kingdom, United States and Others), Company (HainCelestrial, B&G Foods, General Mills, Nestle SA, Kellogg, Quaker Oats (PepsiCo) and Post Holding Inc)" provides a detailed analysis of Global Oatmeal Industry.