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The global oat milk industry is being driven by factors such as rising population with lactose intolerance and shifting consumer preferences towards immunity-boosting products. Further, the outbreak of coronavirus accelerated the already shifting preferences for immunity-inducing products; thereby contributing to the market growth of oat milk. In line with this, industry participants are being motivated to develop fresh solutions as customers are now increasingly shifting to nutrition-dense replacements and low-calorie diets. The growing demand for such solutions is propelling the oat milk industry. Additionally, growing awareness about the dietary benefits of oat milk, which contains high level of calcium and Vitamin B12, is bolstering the market growth of oat milk.
The market for oat drinks is being driven by a rise in customer demand for flavour. As a result, there is a growing emphasis on developing fresh and flavourful oat beverage products. This is expected to aid the market expansion of oat milk and the development of client loyalty. These initiatives have also resulted in the introduction of a variety of oat beverage options. For example, in the coffee industry, the Barista version of oat beverages is gaining popularity due to its froth-forming capabilities. Customers with or without a sweet tooth can choose between sweetened or unsweetened oat drinks, respectively. Companies frequently innovate and introduce oat drinks in a variety of tastes. Recent flavour introduction includes vanilla, blueberry, and chocolate. This is expected to help boost sales, consequently aiding the market growth.
The market is further growing due to the rising adoption of veganism across the globe. Since dairy milk exploits animals, people practicing veganism inhibit the intake of dairy products and look for alternatives available in the market. Oat milk is a good substitute for dairy milk as it offers a rich, neutral taste and has a minimal environmental impact. The aforementioned factors are expected to bolster the market growth over the forecast period.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2024, the global oat milk market attained a value of nearly USD 596.14 million.
The market is projected to grow at a CAGR of 13.5% between 2025 and 2034.
The market is estimated to witness a healthy growth in the forecast period of 2025-2034 to reach about USD 1,866.48 million by 2034.
The major market drivers are the rising trend of veganism and growing health consciousness.
Advancements in production technology and innovations by leading companies catering to diverse groups of people are the key trends propelling the market growth.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major segments based on the source of oat milk are organic and conventional.
The different flavours of oat milk available in the market are plain and flavoured.
The various segments based on the packaging form of oat milk are carton and bottle.
The significant distribution channels for oat milk in the market are supermarket and hypermarket, convenience stores, and online, among others.
The major players in the market are Califia Farms, LLC, Oatly AB, Danone SA, and Earth’s Own Food Company Inc., among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124