As per the report by Grand View Research Inc., the global Oat Milk Market is estimated at USD 7.8 billion by 2027. It is expected to develop by a 9.8% CAGR from 2020 to 2027. The oat milk is a drink obtained from a plant and is free of lactose. It is prepared from liquid oat and extensively utilized as a substitution for the milk in preparing the health drinks, tea, coffee and smoothies. Farming of oat is very easy that is reasonably priced. Generally, it is available all over the year. Furthermore, it is consumed in making diverse confectionery & bakery products, such as muffins, chocolates and sweets. This is expected to fuel the demand for the oat milk in the market. It is a variety of plant sourced milk, which include nutrients such as iron, vitamins A & D. Moreover, as compared to soya and almond milk, oat milk possess extra calories and fibers. Therefore, this upsurges the market demand.
Due to the growing inclination of clients for the vegan products, the beverage application sector of the oat milk is expected to come up with the sustainable development. The market for the product is strengthen in the condition of augmented attention for the improving proprietary technology and present the new products, to set up trade name and increase grip.
Increasing wakefulness, regarding the fitness profits of the oat milk, for example great stuffing of vitamins and proteins is expected to hold an optimistic influence on the market expansion,
Furthermore, increasing attractiveness, regarding the natural products is expected to impel the development of the market during the period of the forecast. Besides, at present the customers are linking natural oat milk with constructive and inborn qualities.
Increasing occurrences of lactose intolerance and altering views of the customers regarding the nourishment is estimated to increase the position of oat milk in the market. The customers are choosing nutritious and low calorie alternatives. This is pushing the companies to create an innovative line of product. Similarly, growing alertness regarding dietary profits such as high concentration of vitamin and calcium is expected to enhance the demand for the unflavored oat milk.
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Effect of Covid-19:
The ingestion of calcium in sufficient quantity decreases the possibilities of osteoporosis and assists in the functioning of the nerves and muscles plus retains cardiovascular fitness. These fitness benefits presented by the oat milk, raise its demand. Increasing cases of lactose intolerance is furthermore enhancing the demand for the product. Moreover, due to the Covid-19 pandemic, the sale for the oat milk is speedily rising.
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Further findings from the report suggest:
- DANONE launched gluten, nut and soy free vegetarian oat milk yogurts with diverse tastes, together with Strawberry Rhubarb, Triple Berry, Sweet Mango and Spiced Pear & Fig, in its trade name, described as So Delicious, in January 2019.
- As a result of increasing alertness, regarding the fitness profits of the product, between the customers, North America, headed by Mexico, the U.S. and Canada is projected to be the biggest regional market, by 2027.
- The market opening, caused by the necessity for the handiness and the frantic lifestyle, the companies are presenting active flavored milk, to boost their product presentations plus the client base.
- On account of the increasing demand for the premium tetra pack, because of the greater shelf life and its sustainability, carton packaging sector is estimated to make up the biggest share of the market, in terms of revenue, by 2027.
Some of the companies for Oat Milk Market are:
- Rise Brewing
- Califia Farms
- Happy Planet Foods
- Thrive Market
- Pacific Food
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About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research Guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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