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  • Published On : Feb 2023
  • Code : CMI5560
  • Industry : Food Ingredients
  • Pages : 135
  • Formats :

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).

Drivers

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

Oat-based Ingredients  | Coherent Market Insights

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.

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Oat-based Ingredients Market Report Coverage

Report Coverage Details
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
Geographies covered:
  • North America: U.S. and Canada
  • Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
  • Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
  • Middle East & Africa: GCC Countries, Israel, and Rest of Middle East, South Africa, North Africa, and Central Africa
Segments covered:
  • By Application: Breakfast Cereals, Bakery and Confectionery, Cosmetics, Animal Feed, Pharmaceuticals, Others
  • By Distribution Channel: Online, Offline
Companies covered:

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

Growth Drivers:
  • Soaring demand for oat-based ingredients due its health benefits such as low calorie contents
Restraints & Challenges:
  • The ill-effects of oat-based ingredients including gastric swelling

Market Restraints

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.

Market Trends

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

Oat-based Ingredients  | Coherent Market Insights

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.

Competitive Section

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.

Market Dynamics

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:

  • This report provides an in-depth analysis of the global oat-based ingredients market, market size (US$ Million & Tons), and compound annual growth rate (CAGR %) for the forecast period (2023-2030), considering 2022 as the base year
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the global oat-based ingredients market based on the following parameters–company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • Key companies covered as a part of this study include 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
  • Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future products launches, technology up gradation, market expansion, and marketing tactics
  • The global oat-based ingredients market report caters to various stakeholders in this industry including investors, suppliers, caffeine manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global oat-based ingredients market

Detailed Segmentation:

  • Global Oat-based Ingredients Market, By Application:
    • Breakfast Cereals
    • Bakery and Confectionery
    • Cosmetics
    • Animal Feed
    • Pharmaceuticals
    • Others
  • Global Oat-based Ingredients Market, By Distribution Channel:
    • Online
    • Offline
  • Global Oat-based Ingredients Market, By Region:
    • North America
      • By Country:
        • U.S.
        • Canada
    • Latin America
      • By Country:
        • Brazil
        • Argentina
        • Mexico
        • Rest of Latin America
    • Europe
      • By Country:
        • U.K.
        • Italy
        • France
        • Germany
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Country:
        • China
        • India
        • Japan
        • ASEAN
        • Australia
        • Rest of Asia Pacific
    • Middle East & Africa
      • By Country:
        • GCC Countries
        • Israel
        • Rest of Middle East
        • South Africa
        • North Africa
        • Central Africa
  • Company Profiles
    • KELLOGG Company.*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • Grain Millers, Inc.
    • General Mills.
    • Morning Foods
    • Abbott
    • Quaker Oats Company
    • Blue Lake Milling
    • RICHARDSON INTERNATIONAL LIMITED.
    • Conagra Brands, Inc.
    • Avena Foods Limited

*” marked represents similar segmentation in other categories in the respective section.

Frequently Asked Questions

Global oat-based ingredients market was valued at US$ 111.2 Million in 2022.
Soaring demand for oat-based ingredients due its health benefits is one of the driving factors for the market.
Increasing demand for flavored oat-based ingredients in the savory and sweet industry is one of the trends in the market.
The ill-effects of oat-based ingredients is hindering growth of the market.
Major players operating in the market include, 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
The compound annual growth rate (CAGR) of the market is 8.55% during the forecast period (2023-2030).

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