Oats Market: Future Opportunities and Challenges 2032
Market Overview:
The global oats market size stood at USD 5.18 billion in 2019 and is projected to reach USD 8.56 billion by 2032, exhibiting a CAGR of 4.05% during the forecast period (2020-2032).
The increasing popularity of whole-grain foods due to their health advantages is expected to quickly grow the market, according to Fortune Business Insights. Their report, "Oats Market Size, Share & Industry Analysis, By Type (Steel Cut, Whole Oats, Instant Oats, and Others), Application (Bakery and Confectionery, Breakfast Cereals, Animal Feed, and Others), and Regional Forecast, 2020 – 2032," shows that the market was worth USD 5.18 billion in 2019.
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The Report Lists the Key Companies in the Oats Market:
Quaker Oats Company (PepsiCo, Inc.) (New York, U.S.)
Morning Foods Ltd. (Crewe, United Kingdom)
The Kellogg Company (Michigan, U.S.)
Richardson International Ltd. (Winnipeg, Canada)
Bob’s Red Mill Natural Foods, Inc. (Oregon, U.S.)
Avena Foods Ltd. (Regina, Canada)
Glanbia, Plc. (Kilkenny, Ireland)
The Ancient Grains, Co. (Kildare, Ireland)
Aussee Oats Milling Pvt Ltd (Gampaha, Sri Lanka)
Blue Lake Milling (SA, Australia)
REPORT COVERAGE
The oats market report provides an in-depth analysis of the industry, covering its size, growth, related sectors, recent mergers, key country regulations, and significant trends.
Source: https://www.fortunebusinessinsights.com/industry-reports/oats-market-100199
Market Driver:
Significant Utilization in Animal Feed to Drive Market
Oats are becoming more popular in animal feed because they improve the feed's nutritional value. They have more fat, which gives animals more energy. Oats also aid digestion and have a balanced amino acid profile, making them good for many animals such as chickens, horses, and piglets. However, the market faces competition from other grains like wheat, barley, sorghum, and quinoa, which also offer similar nutritional benefits. Additionally, the high demand for barley, which is low in cholesterol and triglycerides, could impact the market's expansion.
Mass Disruption in Food Industry to Impede Development during Coronavirus
Government lockdowns have disrupted supply chains, causing store closures and problems in the food sector. Food producers and processors are struggling. The shutdown of hotels, restaurants, and cafes has affected the global market. However, production has continued with the government supplying seeds, fertilizers, and products to safeguard crops. Additionally, the government's easy access to food supplies and goods can help businesses recover and increase profits.
Regional Analysis:
Increasing Health-Conscious Consumers to Aid Growth in Europe
Europe is expected to lead the market due to high production in countries such as Russia, the U.K., Italy, and Spain, and growing health awareness. The demand for grain-based healthy snacks is also driving market growth. Busy lifestyles are pushing Europeans towards healthier food choices, boosting production and consumption. In North America, the market is projected to be the largest globally, thanks to the increasing popularity of porridge and oatmeal as main foods.
Key Development:
November 2018: Nestle SA announced that it has added a new product to its cereals range containing whole grains, called Oat Cheerios breakfast cereals in the UK.