Germany Poised To Lead Europe’s Oat Drink Market, Projected To Hold 5.8% Share By 2034, Surpassing The UK. With An Impressive CAGR Of 8.3% Driven By Growing Vegetarianism, Veganism and Preference for Organic Products
NEWARK, Del, March 25, 2024 (GLOBE NEWSWIRE) — The global oat drink market is set to reach a valuation of US$ 799.4 million in 2024. It will likely expand at a CAGR of 7.5% in the forecast period 2024 to 2034. The market is anticipated to attain a valuation of US$ 1,684.5 million by 2034.
People have become increasingly aware of the health benefits of oat drinks. The growing preference of consumers for plant-based organic products, spurred by the trend of veganism and vegetarianism, has been driving growth for plant-based drinks like oat drinks. The rising disposable income of people in many parts of the world is also contributing to the robust growth of the oat drink industry.
Companies have also become experts at marketing products with specific health benefits and have allocated greater funds to research & development in order to produce tastier and healthier oat-based drinks at a lower price. Coffee-flavored oat-based drinks are the most popular flavor, and cafés are the places where people consume oat drinks the most. The shelf-stable form is currently the highest-growing form in which oat-based drinks are sold.
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Key Takeaways from the Global Oat Drink Market Study:
- The United States will likely expand at a CAGR of 8.4% through 2034 and reach US$ 321.9 million in the same year.
- China’s massive middle-class population with a considerable disposable income will make it a crucial consumer in the market, with a share of 7.3% by 2034.
- Germany is estimated to overtake the United Kingdom as a key country in Europe’s oat drink industry by holding a share of 5.8% by 2034.
- Based on end-use applications, the retail sales segment is anticipated to expand at a CAGR of 7.4% from 2024 to 2034.
- By format, the refrigerated segment will likely dominate the global oat drink industry with a CAGR of 7.3% from 2024 to 2034.
“The boom of oat beverages is unprecedented. One of the most significant factors propelling the market is the rising shift toward sustainable products. Modern consumers are looking at themselves as social and environmental guardians,” – Nandini Roy Choudhury, Client Partner at Future Market Insights
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Who is Winning?
Oat drinks have lots of health benefits, and companies that can leverage this to their advantage by improving the taste and texture of these drinks will be the winners in the market. Increased spending on research & development and intriguing market techniques are a few of the strategies of companies that are currently leading the market. Some of these leaders of the oat drink industry are
- Cereal Base Ceba AB
- Pacific Foods of Oregon LLC
- Elmhurst Milked Direct LLC
- Danone S.A.
- Lima Food SRL
- Oatworks
- others
For instance,
- In 2023, Gothenburg-based Profura acquired the milk and plant-milk drinks company Framptons. It will enable the company to become a leader in the oat-based drink distribution industry.
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Get Valuable Insights into the Global Oat Drink Market
Future Market Insights (FMI), in its new offering, provides a thorough, detailed, and unbiased analysis of the global oat drink industry, presenting historical demand data for the years 2019 to 2023 and forecast statistics for the years 2024 to 2034. The study categorizes valuable insights on the global oat drink market based on product type, format, end-use application, flavor, nature, and region.
Authored by:
Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.) has 7+ years of management consulting experience. She advises industry leaders and explores off-the-eye opportunities and challenges. She puts processes and operating models in place to support their business objectives.
She has exceptional analytical skills and often brings thought leadership to the table.
Nandini has vast functional expertise in key niches, including but not limited to food ingredients, nutrition & health solutions, animal nutrition, and marine nutrients. She is also well-versed in the pharmaceuticals, biotechnology, retail, and chemical sectors, where she advises market participants to develop methodologies and strategies that deliver results.
Her core expertise lies in corporate growth strategy, sales and marketing effectiveness, acquisitions and post-merger integration and cost reduction. Nandini has an MBA in Finance from MIT School of Business. She also holds a Bachelor’s Degree in Electrical Engineering from Nagpur University, India.
Nandini has authored several publications, and quoted in journals including Beverage Industry, Bloomberg, and Wine Industry Advisor.
Explore FMI’s related ongoing Coverage in Food and Beverage Domain:
- The global oat milk market is set to enjoy a valuation of US$ 1,544.3 million in 2023. From 2023 to 2033, global oat milk sales are projected to soar at an impressive CAGR of 13.7%. By 2033
- The global drinkable yogurt market is expected to reach a valuation of USD 50 Billion by the end of 2022, accelerating with a CAGR of 6.5% by 2022 to 2032, to reach a value of USD 94 Billion by 2032.
- The global oat protein market is expected to reach a market valuation of USD 51 Mn by the year 2022, accelerating with a CAGR of 4.4% by 2022-2032
- The oat beta-glucan market is expected to reach US$ 846.1 Million in 2032 and exhibit growth at a CAGR of 8.3% in the forecast period from 2022 to 2032.
- The global oats market is estimated to surpass US$ 17,332.1 million by 2034. According to the analysis, the market is anticipated to clock a 6.6% CAGR until 2034.
- The organic oats market is estimated to have a market value of US$ 281.0 million in the year 2023 and is expected to have a rapid growth registering a CAGR of 6.4% by the year 2033.
- The global non-dairy creamer market is projected to rise from US$ 3,260.5 million in 2024 to US$ 6,587.3 million by 2034.
- The global mezcal market is estimated to reach a valuation of US$ 635 million by 2024. Over the forecast period, mezcal sales are poised to increase at a CAGR of 14.2%.
- The global brain health supplement market size is expected to reach US$ 15,180 million by 2034, up from US$ 8,200 million in 2024.
- The global p-coumaric acid market size is estimated to reach US$ 8.8 million in 2024. It will likely exhibit strong growth during the next ten years, with sales rising at 11.3% CAGR. By 2034
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