JUNE 29 ,2022/IndustryNewsGlobal/ — The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Oat Milk Market.
The 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.
Oat milk market is likely to witness an impressive CAGR of 9.5% during the forecast period.
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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.
Features of the Report
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.
The Oat Milk Market analysis report discusses the following heads in great detail:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- COVID-19 Impact Assessment
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
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