PUBLISHER: SkyQuest | PRODUCT CODE: 1270796
PUBLISHER: SkyQuest | PRODUCT CODE: 1270796
Global Oatmeal Market size was valued at USD 6.23 billion in 2021 and is poised to grow from USD 6.67 billion in 2022 to USD 12.26 billion by 2030, growing at a CAGR of 7% in the forecast period (2023-2030).
Oatmeal's market share is expanding due to the rising demand for healthy breakfast options. The need for ready-to-eat, ready-to-cook, on-the-go, and nutrient-dense meals are a few of the emerging trends in the muesli market. More and more customers are realising the benefits of eating foods with high nutritional value for their health. Instant muesli and other oat-based products are perfectly suited to the instant and healthy breakfast trends. Oats are a component of a healthy diet for people as they provide significant amounts of protein, iron, fibre, and vitamins like riboflavin. To accommodate the rising demand for better-for-you breakfast options, the leading companies are creating new oat-based products. These elements are anticipated to raise the demand for muesli in the future.
Top-down and bottom-up approaches were used to estimate and validate the size of the Global Oatmeal Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined by using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
The Global Oatmeal Market is segmented based on the product type, distribution channel, form, and region. Based on the product type, the Oatmeal Market is segmented as Whole Oat Groats, Steel Cut, Scottish, Regular Rolled, Quick Rolled, Instant, and Others. Based on the distribution channel, the Oatmeal Market is segmented as Hypermarket, supermarkets, Specialty Retailers, Convenience Stores, Independent Retailers, and Others. Based on form, the Oatmeal Market is segmented into conventional and organic. Based on Region Oatmeal Market is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.
As more people become aware of the health benefits of oats, they are now more frequently found in oatmeal, oatmeal biscuits, granola bars, muesli, and other wholesome breakfast and snack items. High-quality oat-based products are widely accessible, but the business is also being propelled by the enormous growth of retail chains and online marketplaces. The hectic lifestyle that the working population leads has also increased demand for ready-to-eat oats products. Additionally, by introducing oat-based beverages and pastry products to the market, businesses regularly diversify their product lines. They are also producing unique oat and oat-based product flavours like mint, masala, and orange in a similar vein.
It is projected that the key industry drivers-increasing disposable incomes, growing populations, rising demand for ready-to-eat foods, greater health consciousness, favourable product attributes, and the launch of a wide range of oat-containing products-will promote market growth.
The market growth for muesli is being constrained by the availability of substitutes like quinoa, buckwheat, brown rice and other grains with equivalent nutritional characteristics. Muesli consumption has increased as a result of its health benefits. The high cost of oats in contrast to other breakfast foods is another factor that is anticipated to limit the expansion of the muesli market size over the course of the projection year. Quinoa and buckwheat are becoming more well-liked as sources of protein and fibre and gluten-free alternatives to whole grains. As a result, there are many options for breakfast that are high in nutrients. Additionally, there may be market restrictions for muesli in the ready-to-eat food category due to the wide variety of replacements available in grocery shops and the lengthier preparation time of muesli.
Both savoury and sweet flavoured oats have received positive consumer feedback, which is what is causing the value sales in the market survey. Because oats have a moderate flavour by nature, customers can experiment a lot with the recipes. Manufacturers are trying to appeal to a sizable set of consumers who are continuously looking for tasty health-related products with the rise of flavoured oat products. Businesses are increasingly trying to rebrand cereals as a snack or dessert rather than merely selling them for morning meals in order to gain more customers. As a result, adding unique flavours to product variants is proving to be a wise choice for manufacturers in the sector.
The shift away from dairy products and towards oat milk is one important trend that is projected to have a substantial impact on market expansion in the coming years.