A new Report by Delvens, titled "Oat Milk Market” offers a comprehensive analysis of the industry, which comprises insights on the Global analysis. The report also includes competitor and regional analysis, and contemporary advancements in the market.
The global Oat Milk market size is projected to reach a CAGR of 14.4% to 2028.
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Key Players
· Oatly
· Rise Brewing
· Thrive Market
· Happy Planet Foods
· Califia Farms
· The Coca-Cola Company
· Elmhurst
· Pacific Foods
· Danone
· HP Hood LLC and More
Oat milk is a type of plant-based milk as it is made from oats and water and thus isn’t a dairy product. It is made by mixing of oats and water in a blender. Its taste is different from the dairy milk but is an alternative for the people preferring low calorie diet and patients with lactose intolerance.
The growing vegan population, along with health-conscious customers seeking plant-based milk with excellent nutritional qualities, is driving market expansion. As a result, oat milk trend has been risen with the rise in veganism and is recognized as a critical element driving demand for plant milk.
According to the most recent Delvens analysis, more than 25% of women drink plant-based milk, while young people between the ages of 16 and 24 are increasingly rejecting dairy milk. Sales of oat milk increased by 70%, which accounts for the majority of this growth. In 2021, oat milk will be the most widely consumed plant-based milk, with customers spending USD 145 million on the dairy-free alternative. These days, about one-third of British people choose plant-based milk over dairy milk. According to a survey of 3,000 adults, aged 16 and older, about 44% of individuals in the 25–44 age range drink plant-based milk. Oat milk is also in demand from consumers that follow vegan diets, are lactose intolerant, and are health-conscious.
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In 2020, the United States had the greatest revenue share in the North American market. The country's trend of plant-based food and beverage consumption, along with a strong foothold of important producers and an increase in vegan customers, is contributing to the country's high growth of oat milk. Oat milk led the growth in yearly non-dairy milk sales in the United States. Plant-based milk sales climbed by 6.4% in 52 weeks as of June 12, 2022.
Concerns about animal welfare are growing in the United Kingdom, and veganism is becoming more popular among consumers. Aside from these, possible health advantages and environmental conservation are now boosting oat milk sales. With the growing popularity of veganism, certain producers in the United Kingdom are selling certified vegan oat milk, which is projected to draw more customers in the coming years. When it comes to oat production.
In comparison to other regions, Europe and North America have the highest concentration of oat drinks. Oat milk is expanding faster than other plant-based beverages. Oat milk sales in the United States increased by 130% last year to USD 316.2 million. Soy milk, rice milk, and coconut milk sales all decreased in the United States last year. Oat milk is the most preferred plant-based drink in Europe because of its advantages in terms of health. Europe is now the world's top producer of oat milk due to the region's rapidly growing demand and consumer awareness.
Recent Developments
In 2020, Califia Farms came up with a long-life oat drink exclusively for customers in the U.K. market.
OATSIDE, a Singapore-based oat milk firm, has raised S$90.5 million in a Series A fundraising round headed by Temasek Holdings and GGV Capital, according to regulatory records obtained by DealStreetAsia.
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Reasons to Acquire
· Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
· Gain authentic and granular data access for Oat Milk Market so as to understand the trends and the factors involved behind changing market situations
· Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
· In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns
In addition to the market data for Oat Milk Market, Delvens offers client-centric report and customized according to the company’s specific demand and requirement.
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