Pune, Nov. 02, 2022 (GLOBE NEWSWIRE) -- Oats are a type of cereal grain that is popular around the world. According to a new report by JC MARKET RESEARCH, the global oats market is expected to reach a value of US$ 10.4 Bn by 2032. This represents a compound annual growth rate (CAGR) of 5.8% from 2022 to 2032.
There are several factors that are driving the growth of the global oats market. One of the key factors is the growing health consciousness among consumers. Oats are a nutritious food that is rich in fibre, vitamins, and minerals. They are also low in calories and fat, which makes them a healthy option for breakfast or snacks. Another factor that is driving the growth of the global oats market is the growing popularity of organic and gluten-free products. Consumers are becoming more aware of the benefits of organic foods and are willing to pay premium prices for these products. This is especially true in developed countries such as the US, Canada, and Germany.
The global oats market is segmented on the basis of type, form, and end-use.
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By Type
Rolled oats
Whole Oats
Steel Cut
Instant Oats
Others
By Form
Flakes
Granules
Flour
By End-Use
Food and Beverage
Animal feed
Personal care
Breakfast Cereals
Bakery & Confectionery
Others
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The food and beverage segment is expected to be the largest end-use segment of the global oats market. This is due to the growing popularity of oats as a healthy food ingredient. Oats are used in a variety of food products such as breakfast cereals, granola bars, oatmeal, and cookies.
The Asia Pacific region is expected to be the largest market for oats due to the growing population and the rise in disposable incomes. Other regions such as North America and Europe are also expected to witness significant growth in the coming years.
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Some of the key players in the global oats market are
Nestlé S.A.
Quaker Oats Company
General Mills, Inc.
Pioneer Foods Ltd.
Post Holdings, Inc.
Nature's Path Foods
Richardson International Limited
The Hain Celestial Group, Inc.
Morning Foods Limited
Blue Lake Milling Pty Ltd. (CHB Group)
Bob's Red Mill Natural Foods, Inc.
Post Holdings, Inc.
The Kellogg Company
Marico Limited
B&G Foods, Inc.
Avena Foods Limited
Grain Millers, Inc.
Bagrry's India Ltd
NOW Health Group, Inc.
Helsinki Mills Ltd.
Unigrain Pty Ltd
