Australia Oat Milk Market 2023 | Industry Growth, Size and Forecast 2028

According to the latest report by IMARC Group, titled, “Australia Oat Milk Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” The study provides a detailed analysis of the industry, including the Australia oat milk market share, size, trends, and growth forecasts.

Report Highlights:

How big is the Australia oat milk market?

The Australia oat milk market size reached AUD 123.6 Million in 2022. Looking forward, IMARC Group expects the market to reach AUD 625.2 Million by 2028, exhibiting a growth rate (CAGR) of 24.10% during 2023-2028.

What is Australia oat milk?

Oat milk represents a plant-based beverage that is obtained from liquified oats and serves as a lactose-free and vegan-friendly alternative to dairy milk. It is usually characterized by a rich, creamy texture and neutral taste. Oat milk is an excellent source of essential nutrients, such as potassium, folate, iron, calcium, manganese, zinc, thiamine, magnesium, vitamin D, etc. It aids in regulating blood cholesterol levels, strengthening bones, maintaining heart health, etc. Oat milk is widely utilized to prepare several drinks, including milkshakes, smoothies, tea, coffee, health drinks, etc. It is also used in the production of bakery goods, including muffins, cakes, cupcakes, chocolates, etc. Consequently, oat milk is gaining extensive traction among health-conscious consumers across Australia.

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What are the growth prospects and trends in the Australia oat milk industry?

The increasing consumer awareness towards animal welfare and cruelty is propelling the demand for plant-based diets, which is primarily driving the Australia oat milk market. Additionally, the widespread adoption of aggressive promotional activities by celebrities and athletes to promote the usage of vegetarian products for a healthy lifestyle is further bolstering the market growth. Besides this, the development of oat milk in numerous innovative flavors, including vanilla, coffee, hazelnut, mocha, chocolate, strawberry, berry, banana, coconut, etc., is acting as another significant growth-inducing factor. Moreover, it is easily available via online retail platforms and offline distribution channels, which is catalyzing the market growth across the country. Apart from this, the rising number of cafes offering oat milk-based drinks is also stimulating the market growth. Furthermore, the expanding vegan and lactose-intolerant population is anticipated to fuel the Australia oat milk market over the forecasted period.

What is included in market segmentation?

The report has segmented the market into the following categories:

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Who are the key players operating in the industry?

The report covers the major market players including:

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