Oat Milk Market Size

Oat Milk Market Size

Oat Milk Market size is estimated to grow at over 10.2% CAGR between 2020 and 2026 owing to the rising dairy milk allergies along with increasing awareness on potential benefits of oat milk.

Oat milk is a lactose free & plant-based drink made from liquefied oats and widely used as milk replacement in coffee, tea, smoothies, and health drinks. Oats are easy to cultivate which makes the product economical and widely available throughout the year. Also, it is utilized in preparing various bakery & confectionery items such as chocolates, sweets, and muffins which is likely to stimulate oat milk industry landscape.

Rising cases of lactose intolerance and changing consumer perceptions on nutrition is expected to boost market growth. Consumers are shifting towards low calorie and nutrition rich substitutes which is making industry players to manufacture innovative solutions. Also, rising awareness on nutritional benefits such as rich concentration of calcium and Vitamin B12 is likely to encourage consumption and boost unflavored oat milk market statistics.

Strict regulations by FDA in U.S. on labeling has made it mandatory for oat milk manufactures to specify the concentration of natural sugar, fat, and protein on packaging. This regulation is increasing competition in market as industry players are switching towards organic solutions to favor oat milk to capture health-conscious consumers.