(MENAFN- EIN Presswire) Oat Milk Market
Global Oat Milk market generated $360.5 million in 2019, and is expected to garner $995.3 million by 2027, growing at a CAGR of 13.4% from 2021 to 2027.
Trend of vegan diet, diversity in plant-based beverages, and prevalence of lactose intolerance and milk allergy drive the growth of the global oat milk market” - Allied Market Research PORTLAND, OREGON, UNITED STATES, July 13, 2023/einpresswire.com / -- Allied Market Research published a report, titled, "oat milk market by Source (Organic and Conventional), Flavor (Plain and Flavored), Packaging Form (Carton and Bottle), and Distribution Channel (Supermarket & Hypermarket, Grocery Store, Online Retail, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2027."
Download Sample Copy Of Report@
Drivers, restraints, and opportunities
Trend of vegan diet, diversity in plant-based beverages, and prevalence of lactose intolerance and milk allergy drive the growth of the global oat milk market. However, discrimination against plant milk via labeling and tax regulations restrain the market growth. On the other hand, prominence of novel functional beverages and untapped potential from the developing countries present new opportunities in the coming years.
Leading market players
Califia Farms, LLC
Hain Celestial (Dream)
Pacific Foods of Oregon, LLC. (Pacific foods)
Danone (Silk)
HP HOOD LLC. (Plant Oat)
Cereal Base Ceba AB (Oatly)
Elmhurst Milked Direct LLC
RISE Brewing Co.
Happy Planet Foods Inc.
Earths Own Food Company
Buy This Report (263 Pages PDF with Insights, Charts, Tables, and Figures):
Covid-19 Scenario
The demand for oat milk increased during the Covid-19 pandemic due to inclination of consumers toward consolidating their immune systems. The production activities have been hampered as factories have been closed due to lockdown.
Despite the increase in demand, there was a huge supply-demand gap due to lockdown measures implemented by governments of many countries. The supply chain was disrupted. Online platforms were banned from delivering goods and supermarkets were closed during the lockdown period.
With governments lifting off lockdown restrictions, the production activities have been resumed, the supply chain has been restored, and supermarket stores have been opened. The supply-demand gap would narrow down.
The conventional segment to maintain its dominant share during the forecast period
Based on source, the conventional segment held the highest market share in 2019, accounting for more than four-fifths of the total share of the global oat milk market, and is expected to maintain its dominant share during the forecast period. This is due tolower pricesin comparison to its counterpart and utilization for industrial oat milk production. However, the organic segment is expected to witness the highest CAGR of 14.7% from 2021 to 2027, owing tonsure in health consciousness among consumers, rise in consumer spending, and inclination toward non-GMO and pesticide-free grown materials.
Flash Sale Till 15 July (Get 15% Discount):
The supermarket & hypermarket segment to maintain its lead status by 2027
Based on distribution channel, the supermarket & hypermarket segment contributed to the highest market share in 2019, accounting for nearly two-fifths of the total share of the global oat milk market, and is projected to maintain its leadership status by 2027. This is due to increase in visibility and attractive assortments of plant-based products for consumers and supermarket chains being the most visited store for buying groceries. However, the online retail segment is expected to grow at the highest CAGR of 14.1% during the forecast period, owing to increasein smartphone and internet penetration, convenience & flexibility for consumers, and preference by manufacturers to reach new customers.
David Correa
Allied Analytics LLP
1 800-792-5285
email us here