The ‘Global Oats Market Price, Size, Share, Trend, Growth, Analysis, Report and Forecast 2022-2027’ by Expert Market Research gives an extensive outlook of the global oats market, assessing the market on the basis of its segments like product type, application, and major regions.
The report studies the latest updates in the market, along with their impact across the market. It also analysis the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.
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The key highlights of the report include:
Market Overview (2017-2027)
• Forecast CAGR (2022-2027): 3.8%
The global oats market is expected to register growth during the forecast period on account of its nutritional value and increasing awareness about benefits of its consumption. Oats are highly nutritious as they are a great source of fibre and carbs, containing powerful beta-glucan fibre and high-quality protein along with a good balance of vital amino acids. This is further expected to enhance the demand for oats among consumers worldwide.
The surging number of fitness enthusiasts along with the growing health awareness among consumers is further expected to drive the market growth of oats globally. The growing middle-class population coupled with rapid urbanisation and rising disposable is likely to support the worldwide market growth of oats over the coming years.
Hectic lifestyles with long working hours are expected to propel the growth of the oats market worldwide as consumers opt for easy-to-prepare food options that are also nutritious. The growing incorporation of oats in bakery products like bread, muffins, and cookies, are further likely to escalate the global demand for oats.
Oats Industry Definition and Major Segments
Oats, also known as Avena sativa, are a cereal grain obtained from plants of the ‘Poaceae’ grass family. The commonly known and consumed oats are the edible seeds of oat grass. Oats are considered one of the healthiest grains and are a gluten-free whole grain. It’s a great source of significant minerals, vitamins, antioxidants, and fibre.
Based on product type, the market is segmented into:
By application, the market is classified into:
• Food Use
• Feed Use
Based on region, the market is divided into:
• North America
• Latin America
• Asia Pacific
• Middle East and Africa
Oats Market Trends
Oatmeal is considered a significant weight-loss food that can also be prepared overnight, making it a grab-and-go breakfast for busy professionals. Oats consist of rich fibre content called beta-glucans that help lower blood sugar levels, thereby becoming an exceptional option among diabetic patients.
Geographically, the North American region is anticipated to drive the oats market growth on account of an increase in the level of awareness among consumers regarding the advantages of plant-based products.
With the growing number of consumers and fitness enthusiasts preferring a vegan diet, the market growth of oats is likely to spur across the region. The rise in demand for convenience food and increasing cases of diabetes and obesity across North America has led to a rise in the need for healthier and better breakfast options like oats.
Meanwhile, the Asia Pacific is anticipated to gain momentum over the coming years in the oats market growth as the region has a high number of diabetics along with an increasing population. The surging awareness regarding fitness coupled with advantages of healthy food consumption is further expected to bolster the market growth of oats across the region.
Key Market Players
The major players in the global oats market include:
- Grain Millers, Inc.
- The Quaker Oats Company
- Swedish Oat Fiber AB
- General Mills Inc.
The report covers the market shares, capacities, plant turnarounds, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
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