 |
| Oat Drink Market |
Market Overview
Oat drink, also known as oat milk, is a plant-based beverage made from ground
oats and water. It is naturally gluten-free and contains fewer calories than
dairy milk. Oat drink provides various nutritional benefits such as dietary
fiber, vitamins, minerals and antioxidants. It is widely used as an alternative
to dairy milk by individuals suffering from lactose intolerance or following
vegan/vegetarian diets. Growing intolerance for lactose as well as rising
awareness about benefits of plant-based products have boosted the demand for
oat drink globally.
The Global
Oat Drink Market is estimated to be valued at US$ 854.21 Bn in 2024 and is expected to exhibit a CAGR of 13% over the forecast period
2024 to 2030.
Key Takeaways
Key players operating in the Oat Drink market are HSIL Ltd, Cera Sanitaryware
Ltd., Roca Sanitario, S.A., RAK Ceramics, Duravit AG, Toto Ltd., Jaquar, Golf
Ceramics Ltd., Kajaria Ceramics Limited, H & R Johnson, and Villeroy Boch
Group. These players are focusing on increasing their production capacities and
launching new products to cater to rising demand.
The global oat drink market offers lucrative growth opportunities owing to
rising health consciousness among consumers. Europe dominates the global oat
drink market currently due to high adoption of plant-based products in the
region. However, Asia Pacific is expected to witness fastest growth during the
forecast period with growing health awareness in developing countries such as India
and China. Major players are expanding their distribution networks in Asia
Pacific to leverage potential growth opportunities.
Market Drivers and Restraints
Growing prevalence of lifestyle diseases such as diabetes, obesity and
cardiovascular issues have compelled people to shift from dairy milk to
plant-based alternatives like oat drink globally. Rising lactose intolerance
and veganism are also driving the demand for oat-based beverages. However, high
production costs compared to dairy milk and availability of alternate
plant-based drinks act as major challenges for the growth of the global oat
drink market.
The key drivers propelling the growth of global oat drink market are rising
health consciousness, growing vegan population and increasing cases of lactose
intolerance. On the other hand, availability of cheaper substitutes and high
production costs associated with oat drink production restrain the market
growth.
Segment Analysis
The oat drink market can be segmented by product type, packaging type, flavor,
distribution channel, and end use. The oat milk segment currently dominates the
market due to the rising number of lactose-intolerant consumers and vegan
consumers who prefer plant-based milk over dairy. Oat milk closely resembles
dairy milk in taste and texture as compared to other plant-based alternatives.
It is also rich in nutrients like vitamins, minerals, and healthy fats.
Global Analysis
Regionally, the North America Oat
Drink Market Growth holds the major share currently. This is attributed
to factors like the increasing incidents of milk allergies and changing
lifestyle patterns. The Asia Pacific region is expected to witness the fastest
growth during the forecast period due to growing health consciousness among
consumers and rising disposable incomes in developing countries like India and
China. Rapid urbanization along with the growing popularity of plant-based
products will further propel the demand for oat drinks across Asia Pacific.
Regional analysis related content: The Europe oat drink market is also
projected to grow significantly owing to rising vegan population and concerns
about animal welfare in countries like UK, Germany, and France. Stringent
regulations regarding usage of dairy milk alternatives will boost the adoption
of oat-based drinks in the region.
For more insights, read-https://www.pressreleasebulletin.com/oat-drink-market-trends-size-and-share-analysis/
0 Comments