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Oat Milk Market | Covid-19 Impact Analysis
The Oat Milk Market is Segmented by Source Type (Organic, Conventional), by Type (Flavored, Unflavored), by Packaging Form Type (Carton, Bottle, and Others), by Sales Channel Type (Mainstream Stores, Specialty Stores, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World)
Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.
Note: The summary below might not have included insights on covid impact since we have large number of reports.
Oat milk market is likely to witness an impressive CAGR of 9.5% during the forecast period. The prime factor that is contributing to the demand for oat milk is mainly the increasing awareness of benefits of oat milk, followed by rising dairy milk allergies.
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Oat Milk Market - Snapshot |
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Growth |
9.5% for the next five years |
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Faster Growing Source Type |
Organic |
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Dominant Packaging Form Type |
Carton |
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Region with the highest demand |
North America |
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Key Players |
Danone S.A., Pacific Food, Elmhurst, PepsiCo, Inc., Califia Farms LP, Thrive Market, Happy Planet Foods, Inc., Oatly, and Rise Brewing Co. |
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Based on the source type, the market is segmented as organic and conventional. The organic segment was the faster-growing source type in 2019, and is expected to be faster-growing during the forecast period as well. The various factors that are driving the growth of this segment are increasing adoption of vegan diets, compatible with confectionery and bakery items, strengthening immune system, and reducing the risk of osteoporosis. Further, it is rich in calcium and is an easily digestible protein, which makes it compatible with preparing shakes and smoothies.
Based on the packaging form type, the oat milk market is segmented as carton, bottle, and others. The carton packaging form dominates the market, as it is lightweight and of sustainable nature. The increasing demand for high quality tetra pack and high shelf life solutions is propelling the growth during the forecast period. Furthermore, modernization such as refrigeration compatible and UV rays protection, are making customers to opt for cartons rather than bottle or plastic solutions.
In terms of regions, North America is anticipated to be the largest oat milk market during the forecast period, with healthy growth opportunities. The growth of the market is driven by rising awareness on health benefits of oat milk. Consumers are shifting towards high quality protein source with low fat concentration, which is generating huge demand for oat milk and the presence of a large number of oat milk suppliers in the North America region. Europe and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.
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Some of the major oat milk suppliers are-
Oat milk is lactose free and plant-based drink, which is made from liquified oats. It is widely used as milk replacement in coffee, tea, smoothies, and health drinks.
Oats can be easily cultivated, which makes it economical and widely available throughout the year. Further, it is utilized in producing various bakery & confectionery items such as sweets, muffins, and chocolates.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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Oat Milk Market Research Report - Features |
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Market Segmentation |
5 |
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Regions Covered |
4 |
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Countries/Sub-Regions Covered |
17 |
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No. of Figures & Tables |
>150 |
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Company Profiles |
9 |
The Oat milk market is segmented into the following categories.
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This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Market Segmentation
Competitive Benchmarking
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected].
The oat milk market is expected to witness an impressive growth of 9.5% CAGR in the foreseeable future.
North America is expected to remain the largest oat milk market during the next five years.
Danone S.A., Pacific Food, Elmhurst, PepsiCo, Inc., Califia Farms LP, Thrive Market, and Happy Planet Foods, Inc. are among the key players in the oat milk market.
The organic segment is expected to be the faster growing source type in the oat milk market.
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