How Global Oat Milk Market Players Should Strategize For 2022-2031

The global oat milk market size is expected to grow from $2.51 billion in 2021 to $2.74 billion in 2022 at a compound annual growth rate (CAGR) of 9.4%. The global oat milk market size is expected to grow to $3.70 billion in 2026 at a CAGR of 7.8%.

What is the Global Oat Milk Market?

The oat milk market consists of sales of oat milk by entities (organizations, sole traders, and partnerships) that are used for the preparation of desserts, yogurt, and other dairy alternatives. Oat milk is plant-based milk made from liquefied oats. It is a lactose-free drink that is widely used as a replacement for dairy milk in the preparation of coffee and tea, various smoothies, and health drinks. Oats are easily cultivated so this makes the products more economic and available at any part of the time.

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What drives the Global Oat Milk Market?

The rise in the vegan population is expected to propel the growth of the oat milk market going forward. Veganism is the practice of avoiding the use of animal products, particularly in the diet, as much as possible. There is rapid growth in the vegan population for various reasons, which include weight management, health concerns, animal welfare, and others. Oat milk offers more vitamin D than cow's milk, which provides a variety of health benefits including bone and dental health, as well as immune system endurance. For instance, according to Veganuary, a non-profit organization, more than 500,000 people have joined the vegan community surpassing 2020’s total of 400,000 people. Therefore, the rising vegan population drives the growth of oat milk.

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Global Oat Milk Market Segments
The global oat milk market is segmented:
By Source: Organic, Conventional
By End User: Food & Beverages, Nutraceuticals & Baby Food, Personal Care, Pharmaceuticals
By Product: Plain, Flavored
By Packaging Form: Carton, Bottle
By Geography: The regions covered in the oat milk market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Oat Milk Global Market Report 2022provides market size and growth forecasts for the global oat milk market, global oat milk market share, oat milk market segments and geographies, oat milk market competitive landscape including leading competitors’ revenues, profiles and market shares. The oat milk market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Global Oat Milk Industry Playersinclude Thrive Market, Inc., The Hain Celestial Group, Inc., Rise Brewing, PepsiCo (US), Pacific Food, Oatly AB, Happy Planet Foods (US), Elmhurst, Earth's Own Food Company Inc, Danone, and Califia Farms. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.