Oat Milk Market Size, Trends and Insights By Source (Organic, Conventional), By Product (Plain, Flavored), By Packaging (Cartons, Bottle, Others), By Distribution Channel (Supermarkets & Hypermarkets, Convenience Stores, Online Retail, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032


Report Code: CMI40798

Published Date: February 2024

Pages: 320+

Category: Food & Beverages

Report Snapshot

CAGR: 15.2%
2.52B
2022
2.98B
2023
6.09B
2032

Source: CMI

Study Period: 2023-2032
Fastest Growing Market: Asia-Pacific
Largest Market: Europe

Major Players

  • Oatly AB
  • Quaker Oats Company
  • Pacific Foods of Oregon LLC
  • Elmhurst 1925
  • Hälsa Foods
  • Minor Figures
  • Others

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Reports Description

Global Oat Milk Market is set for significant growth from 2023 to 2032, driven by increasing consumer awareness of health and environmental concerns, as well as dietary preferences shifting towards plant-based alternatives.

The market is projected to achieve a Compound Annual Growth Rate (CAGR) of approximately 15.2% during this period. In 2023, the market is estimated to be valued at USD 2.98 Billion and is expected to reach USD 6.09 Billion by 2032.

The demand for oat milk is propelled by its perceived health benefits, sustainability, and suitability for various dietary requirements, including vegan and lactose-free diets.

Oat Milk Market – Overview

The Oat Milk Market focuses on the production and distribution of milk alternatives derived from oats. Oat milk has gained popularity as a plant-based alternative to dairy milk, offering a creamy texture and nutritional benefits.

With increasing concerns about animal welfare, environmental sustainability, and lactose intolerance, oat milk serves as an attractive option for consumers seeking healthier and more ethical alternatives to traditional dairy products. The market is characterized by a diverse range of oat milk products, including regular and flavored variants, catering to different taste preferences and dietary needs.

The global Oat Milk Market is primarily driven by the growing demand for plant-based dairy alternatives, driven by health-conscious consumers, environmental sustainability initiatives, and changing dietary habits. Oat milk offers various nutritional benefits, including high fiber content, vitamins, and minerals, making it a popular choice among consumers seeking healthier beverage options.

The market is characterized by product innovation, with manufacturers introducing new flavors, formulations, and packaging formats to cater to evolving consumer preferences. Additionally, the increasing availability of oat milk products across retail channels, including supermarkets, convenience stores, and online platforms, further drives market growth.

The surge in popularity of veganism among consumers has sparked a notable rise in demand for alternative dairy beverages. This shift in consumer preferences towards plant-based milk is primarily driven by health, environmental, and ethical considerations, significantly boosting the oat milk market.

Particularly in the U.S. and Europe, consumers are increasingly embracing plant-based beverages due to heightened awareness of animal rights and evolving tastes and preferences.

Furthermore, the growing incidence of lactose intolerance and milk allergies among consumers has further propelled the consumption of oat milk. With its rich concentration of branched amino acids, oat milk offers a beneficial alternative that supports proper growth without spiking blood insulin levels and ensures easy digestion.

This trend underscores a broader shift towards plant-based dietary choices, emphasizing both health and sustainability concerns in the global market for dairy alternatives.

Oat Milk Market – Growth Factors

Health Consciousness:

  • Opportunity: Increasing consumer awareness of health and wellness.
  • Impact: Growing demand for healthier beverage alternatives, including oat milk.

Environmental Sustainability:

  • Opportunity: Rising concerns about the environmental impact of dairy production.
  • Impact: Shift towards plant-based milk alternatives, such as oat milk, to reduce carbon footprint.

Dietary Preferences:

  • Opportunity: Growing adoption of vegan and lactose-free diets.
  • Impact: Increased demand for oat milk as a suitable dairy alternative for diverse dietary needs.

Product Innovation:

  • Opportunity: Continuous development of new flavors, formulations, and packaging formats.
  • Impact: Expansion of the oat milk market through diversified product offerings and enhanced consumer appeal.

Oat Milk Market – Challenges

Supply Chain Constraints:

  • Challenge: Potential challenges in sourcing and processing oats for milk production.
  • Impact: Disruptions in the supply chain may affect the availability and pricing of oat milk products.

Competition from Other Plant-Based Alternatives:

  • Challenge: Increasing competition from alternative plant-based milk products (e.g., almond milk, soy milk).
  • Impact: Requires differentiation and marketing efforts to maintain market share amid growing competition.

Regulatory Compliance:

  • Challenge: Adherence to food safety and labeling regulations.
  • Impact: Regulatory requirements may affect product formulation, packaging, and distribution practices.

Consumer Education:

  • Challenge: Limited awareness among consumers regarding the nutritional benefits and uses of oat milk.
  • Impact: Education and marketing efforts are needed to promote oat milk as a viable dairy alternative.

Global Oat Milk Market 2023–2032 (By Source)

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Oat Milk Market – Trends

Several trends are shaping the Oat Milk Market. The introduction of flavored oat milk varieties, including vanilla, chocolate, and caramel, appeals to consumers seeking indulgent and diverse beverage options. Additionally, the adoption of sustainable packaging materials, such as recyclable cartons and bottles, aligns with environmental consciousness trends and enhances brand reputation.

The market is also witnessing the emergence of oat milk-based products beyond beverages, including yogurt, ice cream, and desserts, catering to expanding consumer preferences for plant-based alternatives across different food categories.

The plant-based milk market, including oat milk, is experiencing rapid growth and diversification, driven by various factors such as health consciousness, environmental sustainability, and dietary preferences.

  • Consumers are increasingly opting for plant-based milk alternatives due to health concerns, ethical considerations, and taste preferences.
  • Oat milk, in particular, has gained popularity for its creamy texture, nutritional benefits, and versatility in culinary applications.
  • The market for oat milk is expanding globally, with manufacturers innovating to meet diverse consumer demands and preferences.
  • Product innovation, including flavored variants and oat milk-based products beyond beverages, contributes to market growth and differentiation.
  • Increased availability of oat milk products across retail channels, including supermarkets, specialty stores, and online platforms, enhances accessibility and consumer choice.
  • Sustainable packaging initiatives, such as recyclable cartons and bottles, reflect consumer preferences for environmentally friendly products and contribute to brand loyalty.
  • Regulatory support and industry standards for plant-based milk products ensure food safety and quality, enhancing consumer trust and confidence.
  • Consumer education and marketing efforts play a crucial role in promoting the benefits and uses of oat milk, driving adoption and market expansion.

COMPARATIVE ANALYSIS OF THE RELATED MARKET

Oat Milk Market Plant-based Milk Market Baby Infant Formula Market
CAGR 15.2% (Approx) CAGR 9% (Approx) CAGR 9.8% (Approx)
US$ 6.09 Billion by 2032 USD 30 Billion by 2032 USD 58.1 Billion by 2032

Oat Milk Market – Restraint Factors

Supply Chain Constraints:

  • Challenge: Potential challenges in sourcing and processing oats for milk production.
  • Impact: Disruptions in the supply chain may affect the availability and pricing of oat milk products.

Competition from Other Plant-Based Alternatives:

  • Challenge: Increasing competition from alternative plant-based milk products (e.g., almond milk, soy milk).
  • Impact: Requires differentiation and marketing efforts to maintain market share amid growing competition.

Regulatory Compliance:

  • Challenge: Adherence to food safety and labeling regulations.
  • Impact: Regulatory requirements may affect product formulation, packaging, and distribution practices.

Consumer Education:

  • Challenge: Limited awareness among consumers regarding the nutritional benefits and uses of oat milk.
  • Impact: Education and marketing efforts are needed to promote oat milk as a viable dairy alternative.

Oat Milk Market – Segmentation Analysis

By Source:

The conventional source segment dominated the market in 2022, accounting for over 72.1% of total revenue, primarily due to its widespread presence and cost-effectiveness. Moreover, manufacturers are actively introducing new products to enhance their market share.

An example of this is The Coca-Cola Company, which, in April 2021, launched a range of oat milk products under its Simply brand, featuring various flavors aimed at appealing to a broad customer base.

On the other hand, the organic source segment is anticipated to experience a substantial compound annual growth rate (CAGR) between 2020 and 2028. This growth trajectory is fueled by increasing consumer awareness of health benefits, a preference for pesticide-free options, and concerns about adulteration in conventional products.

Organic oat milk is particularly attractive to consumers due to its higher levels of antioxidants and nutritional minerals compared to conventional alternatives.

Furthermore, initiatives by various boards and organizations supporting farmers and non-governmental organizations (NGOs) in transitioning to organic farming are bolstering the production of organic products.

Non-profit organizations such as IOFAM Organic International, the USDA, and the National Organic Standard Board are actively involved in promoting organic production practices, thereby contributing to the market’s growth throughout the forecast period.

Global Oat Milk Market 2023–2032 (By Packaging)

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By Product:

In 2022, the plain segment asserted its dominance, commanding a market share of over 57.0%. However, the flavored segment is poised for significant growth during the forecast period, driven by a product range targeting both health-conscious and comfort-seeking consumers, thus capturing their interest.

There’s a noticeable uptick in consumer demand for products that not only tantalize the taste buds but also offer health benefits, leading to a surge in purchases of flavored oat milk.

Manufacturers are actively responding to this trend by introducing a diverse array of unique flavors such as hazelnut, mocha, coconut, and berries, resulting in a shift towards flavored oat milk among consumers. This trend is further fueled by frequent product launches, enticing customers with ethnic and exotic flavor profiles.

Consumers are increasingly mindful of both nutrition and flavor, prompting them to seek out oat milk options infused with natural ingredients. Moreover, there’s a growing inclination towards alternative channels for self-diagnosing health needs, driving demand for naturally flavored products.

In response to evolving consumer preferences, oat milk manufacturers are continually innovating and researching to meet demand, thereby contributing to the anticipated growth of the market in the foreseeable future.

By Packaging:

In 2022, the cartons segment emerged as the leader, capturing a significant revenue share of over 47.0%. This surge can be attributed to the escalating demand for packaging solutions characterized by superior quality and extended shelf life.

Particularly, the widespread acceptance of Tetra Pak carton packages, predominantly composed of paperboard, has been a key driver for this segment. Major industry players are making substantial investments in carton packaging due to its lightweight nature and eco-friendly attributes.

Heightened global consciousness surrounding the sustainability of paper-based cartons has further propelled their adoption in oat milk packaging. Manufacturers and suppliers are focusing on designing carton packaging with visually appealing colors and distinctive patterns to boost sales.

Despite the dominance of carton packaging in the oat milk market, the bottle packaging segment is anticipated to experience rapid growth in the coming years. This acceleration is spurred by the growing consumer demand for on-the-go consumption of food and beverages.

Consequently, manufacturers are increasingly offering oat milk in bottle packaging solutions. Companies like Oatly are diversifying their product offerings by introducing various oat milk products in bottles, catering to customers seeking convenience, thereby propelling the growth of this segment.

Report Scope

Feature of the Report Details
Market Size in 2023 USD 2.98 Billion
Projected Market Size in 2032 USD 6.09 Billion
Market Size in 2022 USD 2.52 Billion
CAGR Growth Rate 15.2% CAGR
Base Year 2022
Forecast Period 2023-2032
Key Segment By Source, Product, Packaging, Distribution Channel and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options Request tailored purchasing options to fulfil your requirements for research.

Oat Milk Market – Regional Analysis

In 2022, Asia Pacific emerged as the dominant force in the oat milk market, commanding a substantial revenue share of over 49.0%. This ascendancy can be attributed to a multitude of factors including shifting lifestyles, rapid urbanization, and evolving dietary preferences across the region, all of which have spurred a heightened demand for nutritious food options.

The burgeoning interest in plant-based milk products, driven by an increasing prevalence of cardiovascular diseases and a surge in weight management initiatives, is expected to further fuel market growth in Asia Pacific.

Meanwhile, North America is poised for significant expansion throughout the forecast period, buoyed by a well-informed consumer base with a keen appreciation for the protein content and nutritional benefits offered by oat milk.

The region’s robust e-commerce infrastructure has notably contributed to the proliferation of dairy alternatives, including oat milk. Additionally, the rising incidence of milk allergies and lactose intolerance among North American consumers is anticipated to drive further demand for oat milk products.

In response to evolving consumer preferences, food and beverage manufacturers in the region are increasingly integrating dairy alternatives like oat milk into their product offerings, catering to the growing segment of consumers opting for plant-based dietary options, thereby fostering continued market growth.

Europe commanded a noteworthy share of the market in 2020, largely driven by the considerable consumer demand for vegan and plant-based offerings across the region. Manufacturers within the oat milk market have set their sights on European countries as key targets to bolster their market presence.

An illustrative example of this strategy occurred in 2020 when Califia Farms introduced a long-life oat drink specifically tailored for consumers in the U.K. market. The company aimed to inspire individuals to transition from dairy milk, thereby reducing their environmental impact, and concurrently, to expand the reach of its products within the country.

Global Oat Milk Market 2023–2032 (By Billion)

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List of the prominent players in the Oat Milk Market:

  • Oatly AB
  • Quaker Oats Company
  • Pacific Foods of Oregon LLC
  • Elmhurst 1925
  • Hälsa Foods
  • Minor Figures
  • Chobani LLC
  • SunOpta Inc.
  • Planet Oat
  • Silk
  • Ripple Foods
  • Califia Farms
  • Blue Diamond Growers
  • Alpro
  • Forager Project
  • Others

The Oat Milk Market is segmented as follows:

By Source

  • Organic
  • Conventional

By Product

  • Plain
  • Flavored

By Packaging

  • Cartons
  • Bottle
  • Others

By Distribution Channel

  • Supermarkets & Hypermarkets
  • Convenience Stores
  • Online Retail
  • Others

Regional Coverage:

North America

  • U.S.
  • Canada
  • Mexico
  • Rest of North America

Europe

  • Germany
  • France
  • U.K.
  • Russia
  • Italy
  • Spain
  • Netherlands
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • South Korea
  • Taiwan
  • Rest of Asia Pacific

The Middle East & Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America

Table of Contents

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market Research Methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Oat Milk Market, (2023 – 2032) (USD Billion)
    • 2.2 Global Oat Milk Market: snapshot
  • Chapter 3. Global Oat Milk Market – Industry Analysis
    • 3.1 Oat Milk Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Health Consciousness
      • 3.2.2 Environmental Sustainability
      • 3.2.3 Dietary Preferences
      • 3.2.4 Product Innovation.
    • 3.3 Market Restraints
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market Attractiveness Analysis By Source
      • 3.7.2 Market Attractiveness Analysis By Product
      • 3.7.3 Market Attractiveness Analysis By Packaging
      • 3.7.4 Market Attractiveness Analysis By Distribution Channel
  • Chapter 4. Global Oat Milk Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Oat Milk Market: Company Market Share, 2022
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, collaboration, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Oat Milk Market – Source Analysis
    • 5.1 Global Oat Milk Market Overview: By Source
      • 5.1.1 Global Oat Milk Market Share, By Source, 2022 and 2032
    • 5.2 Organic
      • 5.2.1 Global Oat Milk Market by Organic, 2023 – 2032 (USD Billion)
    • 5.3 Conventional
      • 5.3.1 Global Oat Milk Market by Conventional, 2023 – 2032 (USD Billion)
  • Chapter 6. Global Oat Milk Market – Product Analysis
    • 6.1 Global Oat Milk Market Overview: By Product
      • 6.1.1 Global Oat Milk Market Share, By Product, 2022 and 2032
    • 6.2 Plain
      • 6.2.1 Global Oat Milk Market by Plain, 2023 – 2032 (USD Billion)
    • 6.3 Flavored
      • 6.3.1 Global Oat Milk Market by Flavored, 2023 – 2032 (USD Billion)
  • Chapter 7. Global Oat Milk Market – Packaging Analysis
    • 7.1 Global Oat Milk Market Overview: By Packaging
      • 7.1.1 Global Oat Milk Market Share, By Packaging, 2022 and 2032
    • 7.2 Cartons
      • 7.2.1 Global Oat Milk Market by Cartons, 2023 – 2032 (USD Billion)
    • 7.3 Bottle
      • 7.3.1 Global Oat Milk Market by Bottle, 2023 – 2032 (USD Billion)
    • 7.4 Others
      • 7.4.1 Global Oat Milk Market by Others, 2023 – 2032 (USD Billion)
  • Chapter 8. Global Oat Milk Market – Distribution Channel Analysis
    • 8.1 Global Oat Milk Market Overview: By Distribution Channel
      • 8.1.1 Global Oat Milk Market Share, By Distribution Channel, 2022 and 2032
    • 8.2 Supermarkets & Hypermarkets
      • 8.2.1 Global Oat Milk Market by Supermarkets & Hypermarkets, 2023 – 2032 (USD Billion)
    • 8.3 Convenience Stores
      • 8.3.1 Global Oat Milk Market by Convenience Stores, 2023 – 2032 (USD Billion)
    • 8.4 Online Retail
      • 8.4.1 Global Oat Milk Market by Online Retail, 2023 – 2032 (USD Billion)
    • 8.5 Others
      • 8.5.1 Global Oat Milk Market by Others, 2023 – 2032 (USD Billion)
  • Chapter 9. Oat Milk Market – Regional Analysis
    • 9.1 Global Oat Milk Market Regional Overview
    • 9.2 Global Oat Milk Market Share, by Region, 2022 & 2032 (USD Billion)
    • 9.3. North America
      • 9.3.1 North America Oat Milk Market, 2023 – 2032 (USD Billion)
        • 9.3.1.1 North America Oat Milk Market, by Country, 2023 – 2032 (USD Billion)
    • 9.4 North America Oat Milk Market, by Source, 2023 – 2032
      • 9.4.1 North America Oat Milk Market, by Source, 2023 – 2032 (USD Billion)
    • 9.5 North America Oat Milk Market, by Product, 2023 – 2032
      • 9.5.1 North America Oat Milk Market, by Product, 2023 – 2032 (USD Billion)
    • 9.6 North America Oat Milk Market, by Packaging, 2023 – 2032
      • 9.6.1 North America Oat Milk Market, by Packaging, 2023 – 2032 (USD Billion)
    • 9.7 North America Oat Milk Market, by Distribution Channel, 2023 – 2032
      • 9.7.1 North America Oat Milk Market, by Distribution Channel, 2023 – 2032 (USD Billion)
    • 9.8. Europe
      • 9.8.1 Europe Oat Milk Market, 2023 – 2032 (USD Billion)
        • 9.8.1.1 Europe Oat Milk Market, by Country, 2023 – 2032 (USD Billion)
    • 9.9 Europe Oat Milk Market, by Source, 2023 – 2032
      • 9.9.1 Europe Oat Milk Market, by Source, 2023 – 2032 (USD Billion)
    • 9.10 Europe Oat Milk Market, by Product, 2023 – 2032
      • 9.10.1 Europe Oat Milk Market, by Product, 2023 – 2032 (USD Billion)
    • 9.11 Europe Oat Milk Market, by Packaging, 2023 – 2032
      • 9.11.1 Europe Oat Milk Market, by Packaging, 2023 – 2032 (USD Billion)
    • 9.12 Europe Oat Milk Market, by Distribution Channel, 2023 – 2032
      • 9.12.1 Europe Oat Milk Market, by Distribution Channel, 2023 – 2032 (USD Billion)
    • 9.13. Asia Pacific
      • 9.13.1 Asia Pacific Oat Milk Market, 2023 – 2032 (USD Billion)
        • 9.13.1.1 Asia Pacific Oat Milk Market, by Country, 2023 – 2032 (USD Billion)
    • 9.14 Asia Pacific Oat Milk Market, by Source, 2023 – 2032
      • 9.14.1 Asia Pacific Oat Milk Market, by Source, 2023 – 2032 (USD Billion)
    • 9.15 Asia Pacific Oat Milk Market, by Product, 2023 – 2032
      • 9.15.1 Asia Pacific Oat Milk Market, by Product, 2023 – 2032 (USD Billion)
    • 9.16 Asia Pacific Oat Milk Market, by Packaging, 2023 – 2032
      • 9.16.1 Asia Pacific Oat Milk Market, by Packaging, 2023 – 2032 (USD Billion)
    • 9.17 Asia Pacific Oat Milk Market, by Distribution Channel, 2023 – 2032
      • 9.17.1 Asia Pacific Oat Milk Market, by Distribution Channel, 2023 – 2032 (USD Billion)
    • 9.18. Latin America
      • 9.18.1 Latin America Oat Milk Market, 2023 – 2032 (USD Billion)
        • 9.18.1.1 Latin America Oat Milk Market, by Country, 2023 – 2032 (USD Billion)
    • 9.19 Latin America Oat Milk Market, by Source, 2023 – 2032
      • 9.19.1 Latin America Oat Milk Market, by Source, 2023 – 2032 (USD Billion)
    • 9.20 Latin America Oat Milk Market, by Product, 2023 – 2032
      • 9.20.1 Latin America Oat Milk Market, by Product, 2023 – 2032 (USD Billion)
    • 9.21 Latin America Oat Milk Market, by Packaging, 2023 – 2032
      • 9.21.1 Latin America Oat Milk Market, by Packaging, 2023 – 2032 (USD Billion)
    • 9.22 Latin America Oat Milk Market, by Distribution Channel, 2023 – 2032
      • 9.22.1 Latin America Oat Milk Market, by Distribution Channel, 2023 – 2032 (USD Billion)
    • 9.23. The Middle East and Africa
      • 9.23.1 The Middle-East and Africa Oat Milk Market, 2023 – 2032 (USD Billion)
        • 9.23.1.1 The Middle-East and Africa Oat Milk Market, by Country, 2023 – 2032 (USD Billion)
    • 9.24 The Middle-East and Africa Oat Milk Market, by Source, 2023 – 2032
      • 9.24.1 The Middle-East and Africa Oat Milk Market, by Source, 2023 – 2032 (USD Billion)
    • 9.25 The Middle-East and Africa Oat Milk Market, by Product, 2023 – 2032
      • 9.25.1 The Middle-East and Africa Oat Milk Market, by Product, 2023 – 2032 (USD Billion)
    • 9.26 The Middle-East and Africa Oat Milk Market, by Packaging, 2023 – 2032
      • 9.26.1 The Middle-East and Africa Oat Milk Market, by Packaging, 2023 – 2032 (USD Billion)
    • 9.27 The Middle-East and Africa Oat Milk Market, by Distribution Channel, 2023 – 2032
      • 9.27.1 The Middle-East and Africa Oat Milk Market, by Distribution Channel, 2023 – 2032 (USD Billion)
  • Chapter 10. Company Profiles
    • 10.1 Oatly AB
      • 10.1.1 Overview
      • 10.1.2 Financials
      • 10.1.3 Product Portfolio
      • 10.1.4 Business Strategy
      • 10.1.5 Recent Developments
    • 10.2 Quaker Oats Company
      • 10.2.1 Overview
      • 10.2.2 Financials
      • 10.2.3 Product Portfolio
      • 10.2.4 Business Strategy
      • 10.2.5 Recent Developments
    • 10.3 Pacific Foods of Oregon LLC
      • 10.3.1 Overview
      • 10.3.2 Financials
      • 10.3.3 Product Portfolio
      • 10.3.4 Business Strategy
      • 10.3.5 Recent Developments
    • 10.4 Elmhurst 1925
      • 10.4.1 Overview
      • 10.4.2 Financials
      • 10.4.3 Product Portfolio
      • 10.4.4 Business Strategy
      • 10.4.5 Recent Developments
    • 10.5 Hälsa Foods
      • 10.5.1 Overview
      • 10.5.2 Financials
      • 10.5.3 Product Portfolio
      • 10.5.4 Business Strategy
      • 10.5.5 Recent Developments
    • 10.6 Minor Figures
      • 10.6.1 Overview
      • 10.6.2 Financials
      • 10.6.3 Product Portfolio
      • 10.6.4 Business Strategy
      • 10.6.5 Recent Developments
    • 10.7 Chobani LLC
      • 10.7.1 Overview
      • 10.7.2 Financials
      • 10.7.3 Product Portfolio
      • 10.7.4 Business Strategy
      • 10.7.5 Recent Developments
    • 10.8 SunOpta Inc.
      • 10.8.1 Overview
      • 10.8.2 Financials
      • 10.8.3 Product Portfolio
      • 10.8.4 Business Strategy
      • 10.8.5 Recent Developments
    • 10.9 Planet Oat
      • 10.9.1 Overview
      • 10.9.2 Financials
      • 10.9.3 Product Portfolio
      • 10.9.4 Business Strategy
      • 10.9.5 Recent Developments
    • 10.10 Silk
      • 10.10.1 Overview
      • 10.10.2 Financials
      • 10.10.3 Product Portfolio
      • 10.10.4 Business Strategy
      • 10.10.5 Recent Developments
    • 10.11 Ripple Foods
      • 10.11.1 Overview
      • 10.11.2 Financials
      • 10.11.3 Product Portfolio
      • 10.11.4 Business Strategy
      • 10.11.5 Recent Developments
    • 10.12 Califia Farms
      • 10.12.1 Overview
      • 10.12.2 Financials
      • 10.12.3 Product Portfolio
      • 10.12.4 Business Strategy
      • 10.12.5 Recent Developments
    • 10.13 Blue Diamond Growers
      • 10.13.1 Overview
      • 10.13.2 Financials
      • 10.13.3 Product Portfolio
      • 10.13.4 Business Strategy
      • 10.13.5 Recent Developments
    • 10.14 Alpro
      • 10.14.1 Overview
      • 10.14.2 Financials
      • 10.14.3 Product Portfolio
      • 10.14.4 Business Strategy
      • 10.14.5 Recent Developments
    • 10.15 Forager Project
      • 10.15.1 Overview
      • 10.15.2 Financials
      • 10.15.3 Product Portfolio
      • 10.15.4 Business Strategy
      • 10.15.5 Recent Developments
    • 10.16 Others.
      • 10.16.1 Overview
      • 10.16.2 Financials
      • 10.16.3 Product Portfolio
      • 10.16.4 Business Strategy
      • 10.16.5 Recent Developments
List Of Figures

Figures No 1 to 29

List Of Tables

Tables No 1 to 102

Report Methodology

In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:

Preliminary Data Mining

On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.

Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.

Statistical Model

Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.

Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.

Some of the variables taken into account for forecasting are as follows:

• Industry drivers and constraints, as well as their current and projected impact

• The raw material case, as well as supply-versus-price trends

• Current volume and projected volume growth through 2032

We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.

Primary Validation

This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.

Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.

All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:

• Market leaders

• Suppliers of raw materials

• Suppliers of raw materials

• Buyers.

The following are the primary research objectives:

• To ensure the accuracy and acceptability of our data.

• Gaining an understanding of the current market and future projections.

Data Collection Matrix

Perspective Primary research Secondary research
Supply-side
  • Manufacturers
  • Technology distributors and wholesalers
  • Company reports and publications
  • Government publications
  • Independent investigations
  • Economic and demographic data
Demand-side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customers


Market Analysis Matrix

Qualitative analysis Quantitative analysis
  • Industry landscape and trends
  • Market dynamics and key issues
  • Technology landscape
  • Market opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2032
  • Market revenue estimates and forecasts up to 2032, by technology
  • Market revenue estimates and forecasts up to 2032, by application
  • Market revenue estimates and forecasts up to 2032, by type
  • Market revenue estimates and forecasts up to 2032, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

Prominent Player

  • Oatly AB
  • Quaker Oats Company
  • Pacific Foods of Oregon LLC
  • Elmhurst 1925
  • Hälsa Foods
  • Minor Figures
  • Chobani LLC
  • SunOpta Inc.
  • Planet Oat
  • Silk
  • Ripple Foods
  • Califia Farms
  • Blue Diamond Growers
  • Alpro
  • Forager Project
  • Others

FAQs

The key factors driving the Market are Health Consciousness, Environmental Sustainability, Dietary Preferences And Product Innovation.

The “Organic” category dominated the market in 2022.

The key players in the market are Oatly AB, Quaker Oats Company, Pacific Foods of Oregon LLC, Elmhurst 1925, Hälsa Foods, Minor Figures, Chobani, LLC, SunOpta Inc., Planet Oat, Silk, Ripple Foods, Califia Farms, Blue Diamond Growers, Alpro, Forager Project, Others.

“Asia Pacific” had the largest share in the Oat Milk Market.

The global market is projected to grow at a CAGR of 15.2% during the forecast period, 2023-2032.

The Oat Milk Market size was valued at USD 2.98 Billion in 2023.

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