Global Oat Milk Market to Grow at a CAGR of 13.5% in the Forecast Period of 2024-2032, Aided by the Rise in Globalisation

The global oat milk industry is a fast-growing sector in the market due to its possible medicinal benefits. Due to the inclusion of dietary fibres, phytochemicals, and a high nutritional value, oat milk has garnered significant attention. Oats have several health benefits, including anti-cancer and hypocholesterolaemia characteristics. Oats' health benefits are linked to dietary fibres like glucan, functional protein, lipid and carbohydrate components, and phytochemicals found in the grain, which is why it is one of the most promising raw materials for making functional plant-based milk. This has led to a rise in the demand for oat milk across the globe.

With the increased knowledge raised by animal rights organisations and animal lovers, there has been a shift in customer purchasing behaviour favouring animal protection. As a result, more customers are switching to a vegan diet, which will likely boost oat milk sales during the forecast period. Several boards and organisations are assisting farmers and non-governmental groups in implementing organic farming. Non-profit organisations such as IOFAM Organic International, the USDA, and the National Organic Standard Board are also assisting in manufacturing organic products, which will support the market's growth over the projection period.

In July 2021, Oatly AB (NASDAQ: OTLY), a prominent oat milk industry player, partnered with NYC frozen yoghurt chain 16 Handles for plant-based flavours. With newly announced plant-based dairy replacement firm Oatly Group AB, frozen yoghurt operator, 16 Handles, will debut two soft-serve flavours. All 32 shops, including a new 16 Handles in New York City's Times Square, will serve iced latte and vanilla. All the flavours are dairy-free, gluten-free, and vegan. This will boost the market for Oatly AB products and also aid the growth of the global oat milk market.

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Market Analysis by Source, Flavour, Packaging Form, Distributional Channel, and Region:

• The market based on the source can be divided into organic and conventional.
• Based on flavour, the industry can be divided into plain and flavoured.
• The market based on packaging form can be divided into cartons and bottles.
• The distribution channels for oat milk include supermarkets and hypermarkets, convenience stores, and online, among others.
• The regional markets for oat milk include North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa.

Key Findings of the Report:

• With the rising prevalence of healthy foods and alternatives, the demand for oat milk is booming.
• With the rising cases of lactose intolerance, the demand for oat milk is rising as it works as an optimum substitute.
• Advancement in the technological sector boosts the production of oat milk, thus adding growth to the oat milk industry.
• Growing commonness among the society to shift from animal dairy products to more animal-friendly ways have led to a rise in the oat milk industry.

Key Offerings of the Report:

• The EMR report gives an overview of the global oat milk industry for the periods (2018-2023) and (2024-2032).
• The report also offers the historical (2018-2023) and forecast (2024-2032) markets for the source, flavour, packaging form, distributional channel, and regions of oat milk.
• The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global market for oat milk are Califia Farms, LLC, Oatly AB, Danone SA, and Earth’s Own Food Company Inc., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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