The global oat-based ingredients market is projected to surpass US$ 214.4 million by of 2030, in terms of revenue, growing at CAGR of 8.55% during the forecast period (2023 to 2030).
Soaring demand for oat-based ingredients due its health benefits
Oat-based ingredients are enriched resources of fiber, minerals, antioxidants, and vitamins, which used to make nutritious food products. In addition, food products with oat-based ingredients such as oatmeal cookies, oatcakes, and oat breads, among others are enriched with nutrients. Moreover, oat-based ingredients are more effective in case of diabetic consumers. These ingredients reduce the level of cholesterol and blood sugar. Furthermore, oat-based ingredients are lower the risks regarding cardiovascular and diabetes diseases.
Figure 1. Global Oat-Based Ingredients Market, Revenue Share (%), By Region, 2022
Among the regions, North America is accounted for the largest global oat-based ingredients market share in 2022 The rise in demand for nutritious foods due to increasing prevalence for diabetes and obesity is expected to bolster the global oat-based ingredients market. In addition, consumer’s preference shifting towards the consumption of breakfast including oat-based ingredients is driving the product demand. Moreover, oat-based ingredients is enriched with fiber such as beta-glucans, which maintains blood sugar levels, and is thus used by diabetic consumers across the globe. For instance, in December 12, according to the International Diabetes Federation, diabetes atlas 10th edition 537 million adults (range between 20 to 79 years) were living with diabetes. In addition, the total number of people suffering with diabetes is expected to increase to 633 million by 2030.
|Base Year:||2022||Market Size in 2022:||US$ 111.2 Mn|
|Historical Data for:||2017 to 2021||Forecast Period:||2023 to 2030|
|Forecast Period 2023 to 2030 CAGR:||8.55%||2030 Value Projection:||US$ 214.4 Mn|
KELLOGG Company, Grain Millers, Inc., General Mills., Morning Foods, Abbott, Quaker Oats Company, Blue Lake Milling, RICHARDSON INTERNATIONAL LIMITED., Conagra Brands, Inc., Avena Foods Limited
|Restraints & Challenges:||
Ill-effects of oat-based ingredient is hampering the market growth
The oat-based ingredients can cause gastric swelling, which further results in discomfort and pain owing to abdominal flatulence and cramps. In addition, the sudden consumption of oat-based ingredients in daily meal is likely to have an effect on the digestive systems. Moreover, the consumption of soaked oat-based ingredients are hard to digest. Consumers who suffer from celiac disease are restricted to consume oat-based ingredients in any form or shape. Thus, owing to the disadvantages of oat-based ingredients, it is hindering the global market growth. Nevertheless, rising consumption of oat-based ingredients by the younger consumers is boosting the demand for it.
Increasing demand for flavored oat-based ingredients in the savory and sweet industry
Oat-based ingredients are used in different kinds of savory and sweet food products such as rolls, biscuits, muffins, and others. In addition, oat-based ingredients contain slow releasing carbohydrates, protein, fiber, and others. Moreover, the cooked oat-based ingredients with fresh fruit such as raspberries, blueberries, and blackberries, among others enhance flavor and texture of food products. Thus, rising use of oat-based ingredients in savory and sweet food items is trending in the global oat-based ingredient market.
Figure 2. Global Oat-Based Ingredients Market, Revenue Share (%), by Application, in 2022
Among the application, the breakfast cereals held the highest market share of global oat-based ingredients market in 2022. Oat-based ingredients are used to prepare healthy breakfast for daily consumption due to the presence of highly soluble fiber contents in the oats. In addition, it is enriched with high nutritional value. Furthermore, the breakfast made with oat-based ingredients provide wide range of health benefits such as maintains sugar and cholesterol levels. Moreover, the viscosity of oat-based ingredients contains low calories, thus, is used to overcome obesity issues. Oat-based ingredients are also used to prepare oat milk, which is healthier substitute for dairy beverages. These are the major factors that are driving demand for oat-based ingredients.
On the other hand, animal feeds is accounted for the second largest share in global oat-based ingredients market. Oat-based ingredients are used to feed animals such as dogs, cats, horse and others. In addition, these ingredients decrease the allergic reactions in animals. Moreover, oat-based ingredients consists of the balanced composition of amino acid, which is preferable for piglets, horses, and poultry among others.
On the basis of distribution channel, the global oat-based ingredients market is bifurcated into online and offline. Among these, offline distribution channel held the largest market share in 2022 due to the development of hypermarkets and supermarkets along with availability of global brand products in stores. In addition, these stores offer products with discounts, which is propelling the product demand. On the other hand, online segment is likely to witness significant share during the forecast period. The growing use of e-commerce platforms such as Grofers, Amazon, Walmart, Grofers, Rakuten, and Flipkart, among others, is expected to accelerate the global oat-based ingredients market growth.
Global Oat-based Ingredients Market- Impact of Coronavirus (Covid-19) Pandemic
The COVID-19 pandemic negatively impacted the global oat-based ingredients market owing to stringent regulations by the Government. The oat-based ingredients are widely used in the food & beverages industry. Thus, decline in the demand for oat-based ingredients during the pandemics was hindering the global oat-based ingredients market. In addition, the manufacturers of oat-based ingredients were facing the hardships at their working stations due to strict social distancing. Moreover, some factors including disruption in supply chain of raw materials was limiting the production of oat-based ingredients.
Major players operating in global oat-based ingredients market such as KELLOGG Company, Grain Millers, Inc., General Mills., Morning Foods, Abbott, Quaker Oats Company, Blue Lake Milling, RICHARDSON INTERNATIONAL LIMITED., Conagra Brands, Inc., Avena Foods Limited
Definition- Oat-based ingredients are consist of beta glucan, which enhances nutrition, taste, and texture in the bakery & confectionery products. These ingredients are resources of protein, vitamins, iron, carbohydrates, and dietary fibers. Moreover, it is used for dry skin, blood pressure, cancer, and other health problems.
Oats are referred as one of the cereal grains, which comes under the family of plants named as Poaceae grass. It has scientific name as Avena sativa, which acts as a healthy ingredient for the breakfast. Oat-based ingredients are enriched with high quantity of proteins and lipids. In addition, oat-based ingredients are high resource of vitamins, dietary fibers, carbohydrates, and iron. These ingredients have wide range of applications such as in bakery and confectionery, pharmaceuticals, breakfast cereals, and cosmetics, among others.
Rising demand for oat-based ingredients in the animal feed
Oat-based ingredients are ideal for animal feed owing to its high fiber and hull content. In addition, these ingredients have low energy density and great bulk, thus, is used as healthy animal feed. Oat-based ingredients are used for domestic animals including horse, dog, and cats, among others. These ingredients are used to protect from allergies and they do not cause any damage to the intestines of animals. Moreover, oat-based ingredients have higher concentration of essential amino acids including lysine and more balanced amino acid composition, thus, increasing the demand for oat-based ingredients in the global market.
Growing consumption of oat-based ingredients across the consumers
Oat-based ingredients consists of phytochemicals, and dietary fibers, thus, offer several health benefits including anti-cancerous and hypocholesterolemia characteristics. Oat-based ingredients are good resources of beta-glucan and soluble dietary fibers, which further are used for weight loss. In addition, these ingredients are reduce the bad cholesterol or LDL (low-density lipoprotein) in the human body. Moreover, oat-based ingredients are used in dietary plans of celiac patients. The growing use of oat-based ingredients in food products such as biscuits, flakes, cookies, and are others is expected to create ample opportunities across the market players.
Availability of substitute for oat-based ingredients is hindering the market growth
There are different kinds of alternatives available for oat-based ingredients such as brown rice, barley, kamut berries, quinoa, millet, wheat berries, and others, which are hampering the global market growth. In addition, quinoa has high content of protein, magnesium, and iron, among others, which further offers crunchy texture to food products. On the other hand, buckwheat is one of healthy substitutes for oat-based ingredients with gluten-free content. Moreover, millet contains minerals such as phosphorus and magnesium and it is gluten-free grain.
Key features of the study:
*” marked represents similar segmentation in other categories in the respective section.
Joining thousands of companies around the world committed to making the Excellent Business Solutions.View All Our Clients