Australia Oat Milk Market 2023 | Industry Trends, Size and Forecast 2028 - Hometown Pages
Based on the most recent analysis from IMARC Group, titled "Australia Oat Milk Market: Industry Outlook, Share, Dimensions, Expansion Potential, and Projection 2023-2028," the size of the oat milk market in Australia hit AUD 123.6 million in 2022. Moving ahead, IMARC Group anticipates that the market will expand at a rate of 24.10% during the period 2023-2028, ultimately reaching AUD 625.2 million by 2028.
Oat milk is a type of dairy milk alternative that is made from oats. It is a great option for those who are lactose intolerant or following a vegan diet. Oat milk has a creamy texture and a mild taste. It is packed with important nutrients like potassium, folate, iron, calcium, manganese, zinc, thiamine, magnesium, and vitamin D. It can help regulate cholesterol levels, support bone health, and promote heart health. Oat milk is commonly used in a variety of drinks like milkshakes, smoothies, tea, coffee, and health drinks. It is also used in baking to make muffins, cakes, cupcakes, and chocolates. Because of its many benefits, oat milk is becoming increasingly popular among health-conscious people in Australia.
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Market Trends and Factors Influencing the Growth of Oat Milk in Australia
The increasing awareness among consumers about animal welfare and cruelty is driving the demand for plant-based diets, which is a major factor contributing to the growth of the oat milk market in Australia. The market is further boosted by the active promotion of vegetarian products by celebrities and athletes for a healthy lifestyle. The availability of oat milk in various innovative flavors such as vanilla, coffee, hazelnut, mocha, chocolate, strawberry, berry, banana, and coconut is also contributing to the growth of the market. Additionally, the easy accessibility of oat milk through online platforms and offline stores is accelerating market growth in the country. The presence of cafes offering oat milk-based beverages is also driving market growth. Moreover, the growing vegan and lactose-intolerant population is expected to fuel the growth of the oat milk market in Australia in the coming years.
Exploration and Division of the Oat Milk Market in Australia for the Period 2023-2028 with a Focus on Competitiveness
The industry's competitive environment has also been analyzed, along with the profiles of the main contenders.
The study has divided the market according to origin, taste, and form of packaging.
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Notable points from the report:
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