The global Oat Milk Market size is projected to reach a CAGR of 14.4% from 2022 to 2028.
Oat milk is a type of plant-based milk as it is made from oats and water and thus isn’t a dairy product. It is made by mixing of oats and water in a blender. Its taste is different from the dairy milk but is an alternative for the people preferring low calorie diet and patients with lactose intolerance.
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The growing vegan population, along with health-conscious customers seeking plant-based milk with excellent nutritional qualities, is driving market expansion. As a result, oat milk trend has been risen with the rise in veganism and is recognized as a critical element driving demand for plant milk. According to the most recent Delvens analysis, more than 25% of women drink plant-based milk, while young people between the ages of 16 and 24 are increasingly rejecting dairy milk. Sales of oat milk increased by 70%, which accounts for the majority of this growth.
Recent Developments
In 2020, Califia Farms came up with a long-life oat drink exclusively for customers in the U.K. market.
OATSIDE, a Singapore-based oat milk firm, has raised S$90.5 million in a Series A fundraising round headed by Temasek Holdings and GGV Capital, according to regulatory records obtained by DealStreetAsia.
Prominent Players
- Oatly
- Rise Brewing
- Thrive Market
- Happy Planet Foods
- Califia Farms
- The Coca-Cola Company
- Elmhurst
- Pacific Foods
- Danone
- HP Hood LLC
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North America to Dominate the Market
The United States had the greatest revenue share in the North American market. The country’s trend of plant-based food and beverage consumption, along with a strong foothold of important producers and an increase in vegan customers, is contributing to the country’s high growth of oat milk.
Global Oat Milk Market Segmentation:
On the basis of Source
- Organic
- Conventional
On the basis of Product
- Plain
- Flavored
On the basis of Packaging
- Cartons
- Bottle
- Others
On the basis of Distribution
- Supermarkets & Hypermarkets
- Convenience Stores
- Online Retail
- Others
Based on region:
- Asia Pacific
- North America
- Europe
- South America
- Middle East & Africa
The Report helps to identify the opportunities in Global Regions:
- North America (the United States, Canada, and Mexico)
- Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
- Asia-Pacific (China, Japan, Korea, India, Australia, and Southeast Asia (Indonesia, Thailand, Philippines, Malaysia, and Vietnam))
- South America (Brazil etc.)
- The Middle East and Africa (North Africa and GCC Countries)
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