The latest report by IMARC Group, titled “Oats Market Report by Product Type (Flakes, Flour, Bran, and Others), Application (Food Use, Feed Use), and Region 2024-2032“, The global oats market size reached USD 5.5 Billion in 2023. Looking forward, IMARC Group expects the market to reach USD 6.5 Billion by 2032, exhibiting a growth rate (CAGR) of 1.8% during 2024-2032.
Oats, a highly adaptable cereal grain, are highly regarded for their nutritional benefits and versatility. They are abundant in fiber, proteins, vitamins, and minerals, making them a favored option for healthy breakfasts and essential components in a variety of food products, including oatmeal, granola bars, and baked goods. Additionally, oats are processed into oat flour, oat milk, and oat bran, which broadens their application within the food and beverage sector. Their use extends to both human diets and animal feed. Beyond their culinary applications, oats are also utilized in cosmetics and skincare formulations due to their soothing and anti-inflammatory properties. As a result, oats occupy a significant role in agriculture, being cultivated in numerous regions worldwide, thanks to their wide-ranging benefits and health-promoting qualities.
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Oats Market Report Trends and Drivers:
The global market for oats is experiencing significant growth, largely attributed to a rising awareness of health among consumers, which is enhancing the demand for nutrient-dense foods such as oats. The adaptability of oats is evident as they are utilized not only in food products but also in the cosmetics and pet food sectors, thereby broadening market prospects. An increasing inclination towards plant-based and gluten-free diets has further elevated oat consumption, promoting market development. Additionally, innovations in oat-based offerings, including ready-to-eat oatmeal and flavored oat drinks, are appealing to a broader audience, while sustainable agricultural practices are playing a vital role in the expansion of the market.
Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Product:
- Flakes
- Flour
- Bran
- Others
Breakup by Application:
- Food use
- Feed use
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Competitive Landscape with Key Player:
- Avena Foods Limited
- B&G Foods, Inc.
- Bagrrys India Limited
- Blue Lake Milling Pty Ltd. (CBH Group)
- Bob’s Red Mill Natural Foods
- Grain Millers, Inc.
- Kellogg Company
- Marico Limited
- Morning Foods Ltd.
- Nature’s Path Foods
- PepsiCo, Inc.
- Post Holdings, Inc.
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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