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Global Oat Milk Market to Grow at a CAGR of 13.5% in the Forecast Period of 2024-2032, Aided by the Rise in Globalisation

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Global Oat Milk Market Analysis, Share, Trends, Forecast: By Source: Organic, Conventional; By Flavour: Plain, Flavoured; By Packaging Form: Carton, Bottle; By Distribution Channel: Supermarket and Hypermarket, Convenience Stores, Online, Others; Regional Analysis; Market Dynamics: SWOT Analysis; Competitive Landscape; 2024-2032

Global Oat Milk Market Outlook

The global oat milk market attained a value of approximately USD 596.14 million in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 13.5% to reach a value of about USD 1,866.48 million by 2032.

Global Oat Milk Market

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Growing Preference for Immunity-Inducing Products to Cater to the Growth of Oat Milk Industry

The global oat milk industry is being driven by factors such as rising population with lactose intolerance and shifting consumer preferences towards immunity-boosting products. Further, the outbreak of coronavirus accelerated the already shifting preferences for immunity-inducing products; thereby contributing to the market growth of oat milk. In line with this, industry participants are being motivated to develop fresh solutions as customers are now increasingly shifting to nutrition-dense replacements and low-calorie diets. The growing demand for such solutions is propelling the oat milk industry. Additionally, growing awareness about the dietary benefits of oat milk, which contains high level of calcium and Vitamin B12, is bolstering the market growth of oat milk.

Oat Milk: Market Segmentation

Oat milk is a lactose-free, plant-based beverage that is commonly used as a dairy milk substitute in tea, smoothies, coffee, and other health drinks due to the high level of iron, potassium, protein, calcium, and vitamin D content in it.

Global Oat Milk Market by Segment

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The oat milk industry is segmented on the basis of source into:

Organic
Conventional

The market, on the basis of flavour, is divided into:

Plain
Flavoured

By packaging form, the market is segregated into:

Carton
Bottle

Based on distribution channel, the industry is categorised into:

Supermarket and Hypermarket
Convenience Stores
Online
Others

The EMR report looks into the regional markets of oat milk like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Global Oat Milk Market by Region

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New Innovations in the Industry to Boost the Market Growth of Oat Milk

The market for oat drinks is being driven by a rise in customer demand for flavour. As a result, there is a growing emphasis on developing fresh and flavourful oat beverage products. This is expected to aid the market expansion of oat milk and the development of client loyalty. These initiatives have also resulted in the introduction of a variety of oat beverage options. For example, in the coffee industry, the Barista version of oat beverages is gaining popularity due to its froth-forming capabilities. Customers with or without a sweet tooth can choose between sweetened or unsweetened oat drinks, respectively. Companies frequently innovate and introduce oat drinks in a variety of tastes. Recent flavour introduction includes vanilla, blueberry, and chocolate. This is expected to help boost sales, consequently aiding the market growth.

The market is further growing due to the rising adoption of veganism across the globe. Since dairy milk exploits animals, people practicing veganism inhibit the intake of dairy products and look for alternatives available in the market. Oat milk is a good substitute for dairy milk as it offers a rich, neutral taste and has a minimal environmental impact. The aforementioned factors are expected to bolster the market growth over the forecast period.

Key Industry Players in the Global Oat Milk Market

The report presents a detailed analysis of the following key players in the global oat milk market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

Califia Farms, LLC
Oatly AB
Danone SA
Earth’s Own Food Company Inc.
Others

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

Key Highlights of the Report

REPORT FEATURES	DETAILS
Base Year	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Scope of the Report	Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment: Source Flavour Packaging Form Distribution Channel Region
Breakup by Source	Organic Conventional
Breakup by Flavour	Plain Flavoured
Breakup by Packaging Form	Carton Bottle
Breakup by Distribution Channel	Supermarket and Hypermarket Convenience Stores Online Others
Breakup by Region	North America United States of America Canada Europe United Kingdom Germany France Italy Others Asia Pacific China Japan India ASEAN Australia Others Latin America Brazil Argentina Mexico Others Middle East and Africa Saudi Arabia United Arab Emirates Nigeria South Africa Others
Market Dynamics	SWOT Analysis Porter's Five Forces Analysis Key Indicators for Demand Key Indicators for Price
Competitive Landscape	Market Structure Company Profiles Company Overview Product Portfolio Demographic Reach and Achievements Certifications
Companies Covered	Califia Farms, LLC Oatly AB Danone SA Earth’s Own Food Company Inc. Others
Report Price and Purchase Option	Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format	Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1   Preface
2   Report Coverage – Key Segmentation and Scope
3   Report Description
   3.1   Market Definition and Outlook
   3.2   Properties and Applications
   3.3   Market Analysis
   3.4   Key Players
4   Key Assumptions
5   Executive Summary
   5.1   Overview
   5.2   Key Drivers
   5.3   Key Developments
   5.4   Competitive Structure
   5.5   Key Industrial Trends
6   Snapshot
   6.1   Global
   6.2   Regional
7   Opportunities and Challenges in the Market
8   Global Oat Milk Market Analysis
   8.1   Key Industry Highlights
   8.2   Global Oat Milk Historical Market (2018-2023)
   8.3   Global Oat Milk Market Forecast (2024-2032)
   8.4   Global Oat Milk Market by Source
       8.4.1   Organic
           8.4.1.1 Historical Trend (2018-2023)
           8.4.1.2 Forecast Trend (2024-2032)
       8.4.2   Conventional
           8.4.2.1 Historical Trend (2018-2023)
           8.4.2.2 Forecast Trend (2024-2032)
   8.5   Global Oat Milk Market by Flavour
       8.5.1   Plain
           8.5.1.1 Historical Trend (2018-2023)
           8.5.1.2 Forecast Trend (2024-2032)
       8.5.2   Flavoured
           8.5.2.1 Historical Trend (2018-2023)
           8.5.2.2 Forecast Trend (2024-2032)
   8.6   Global Oat Milk Market by Packaging Form
       8.6.1   Carton
           8.6.1.1 Historical Trend (2018-2023)
           8.6.1.2 Forecast Trend (2024-2032)
       8.6.2   Bottle
           8.6.2.1 Historical Trend (2018-2023)
           8.6.2.2 Forecast Trend (2024-2032)
   8.7   Global Oat Milk Market by Distribution Channel
       8.7.1   Supermarket and Hypermarket
           8.7.1.1 Historical Trend (2018-2023)
           8.7.1.2 Forecast Trend (2024-2032)
       8.7.2   Convenience Stores
           8.7.2.1 Historical Trend (2018-2023)
           8.7.2.2 Forecast Trend (2024-2032)
       8.7.3   Online
           8.7.3.1 Historical Trend (2018-2023)
           8.7.3.2 Forecast Trend (2024-2032)
       8.7.4   Others
   8.8   Global Oat Milk Market by Region
8.8.1 North America
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Europe
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.3 Asia Pacific
8.8.3.1 Historical Trend (2018-2023)
8.8.3.2 Forecast Trend (2024-2032)
8.8.4 Latin America
8.8.4.1 Historical Trend (2018-2023)
8.8.4.2 Forecast Trend (2024-2032)
8.8.5 Middle East and Africa
8.8.5.1 Historical Trend (2018-2023)
8.8.5.2 Forecast Trend (2024-2032)
9 North America Oat Milk Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Oat Milk Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Oat Milk Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Oat Milk Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Oat Milk Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Califia Farms, LLC
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Oatly AB
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Danone SA
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Earth’s Own Food Company Inc.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Others
16 Key Trends and Developments in the Market

Additional Customisations Available

1   Manufacturing Process
   1.1   Overview
   1.2   Detailed Process Flow
   1.3   Operation Involved
2   Project Requirement and Cost Analysis
   2.1   Land, Location and Site Development
   2.2   Construction
   2.3   Plant Machinery
   2.4   Cost of Raw Material
   2.5   Packaging
   2.6   Transportation
   2.7   Utilities
   2.8   Manpower
   2.9   Other Capital Investment

List of Key Figures and Tables

1.   Global Oat Milk Market: Key Industry Highlights, 2018 and 2032
2.   Global Oat Milk Historical Market: Breakup by Source (USD Million), 2018-2023
3.   Global Oat Milk Market Forecast: Breakup by Source (USD Million), 2024-2032
4.   Global Oat Milk Historical Market: Breakup by Flavour (USD Million), 2018-2023
5.   Global Oat Milk Market Forecast: Breakup by Flavour (USD Million), 2024-2032
6.   Global Oat Milk Historical Market: Breakup by Packaging Form (USD Million), 2018-2023
7.   Global Oat Milk Market Forecast: Breakup by Packaging Form (USD Million), 2024-2032
8.   Global Oat Milk Historical Market: Breakup by Distribution Channel (USD Million), 2018-2023
9.   Global Oat Milk Market Forecast: Breakup by Distribution Channel (USD Million), 2024-2032
10.   Global Oat Milk Historical Market: Breakup by Region (USD Million), 2018-2023
11.   Global Oat Milk Market Forecast: Breakup by Region (USD Million), 2024-2032
12.   North America Oat Milk Historical Market: Breakup by Country (USD Million), 2018-2023
13.   North America Oat Milk Market Forecast: Breakup by Country (USD Million), 2024-2032
14.   Europe Oat Milk Historical Market: Breakup by Country (USD Million), 2018-2023
15.   Europe Oat Milk Market Forecast: Breakup by Country (USD Million), 2024-2032
16.   Asia Pacific Oat Milk Historical Market: Breakup by Country (USD Million), 2018-2023
17.   Asia Pacific Oat Milk Market Forecast: Breakup by Country (USD Million), 2024-2032
18.   Latin America Oat Milk Historical Market: Breakup by Country (USD Million), 2018-2023
19.   Latin America Oat Milk Market Forecast: Breakup by Country (USD Million), 2024-2032
20.   Middle East and Africa Oat Milk Historical Market: Breakup by Country (USD Million), 2018-2023
21.   Middle East and Africa Oat Milk Market Forecast: Breakup by Country (USD Million), 2024-2032
22.   Global Oat Milk Market Structure

Key Questions Answered in the Report

What was the global oat milk market size in 2023?

In 2023, the global oat milk market attained a value of nearly USD 596.14 million.

What is the growth rate of the market?

The market is projected to grow at a CAGR of 13.5% between 2024 and 2032.

What is the forecast outlook of the market for 2024-2032?

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 1,866.48 million by 2032.

What are the major market drivers?

The major market drivers are the rising trend of veganism and growing health consciousness.

What are the key trends of the market?

Advancements in production technology and innovations by leading companies catering to diverse groups of people are the key trends propelling the market growth.

What are the major regional markets of oat milk, according to the EMR report?

The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

What are the major segments based on the source of oat milk?

The major segments based on the source of oat milk are organic and conventional.

What are the different flavours of oat milk available in the market?

The different flavours of oat milk available in the market are plain and flavoured.

What are the various segments based on the packaging form of oat milk?

The various segments based on the packaging form of oat milk are carton and bottle.

What are the significant distribution channels of oat milk?

The significant distribution channels for oat milk in the market are supermarket and hypermarket, convenience stores, and online, among others.

Who are the key players in the oat milk market, according to the report?

The major players in the market are Califia Farms, LLC, Oatly AB, Danone SA, and Earth’s Own Food Company Inc., among others.

Analyst Review

The global oat milk market attained a value of about USD 596.14 million in 2023, driven by the rising prevalence of veganism among the growing population. Aided by the growing technological advancements, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 13.5%. The market is projected to reach nearly USD 1,866.48 million by 2032.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its sources, the oat milk industry can be segmented into organic and conventional. On basis of flavour, the industry can be divided into plain and flavoured. On the basis of packaging form of oat, the oat milk industry can be fragmented into carton and bottle. On the basis of distribution channels, the industry is divided into supermarket and hypermarket, convenience stores, and online, among others. The major regional markets for oat milk are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Califia Farms, LLC, Oatly AB, Danone SA, and Earth’s Own Food Company Inc., among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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