Growth Ahead: Global Oatmeal Market Set to Reach $11.58 Billion by 2028
The report titled "Analysis of the Oatmeal Market, Predictions for 2023-2028, Industry Patterns, Expansion, Percentage of Market, Perspective, Consequences of Inflation, Company Analysis of Opportunities" has been included in the offerings of ResearchAndMarkets.com.
The worldwide oatmeal industry is expected to experience significant expansion, with estimates suggesting a worth of $11.58 billion by 2028.
The increase in the desire for oats is mainly influenced by changing consumer tastes towards lighter, more nutritious meals. Oats' abundant nutrients play a vital role in driving this market growth, supported by the rising trend of health-conscious individuals opting for convenient food options. This market is experiencing a rise due to its practical properties, making it a preferred selection for consumers, especially as a popular breakfast option.
The exponential increase in people's interest in improving their lifestyles and addressing health issues has been the driving force behind the rapid growth of this industry.
The oatmeal industry has experienced substantial growth thanks to shifts in consumer habits and a greater emphasis on health. With more people seeking out nourishing and low-calorie options, oats have become a popular choice for breakfast. The fast-paced nature of today's world has also boosted the demand for oats, as they can be used in place of sugar or fat to improve moisture, increase fiber, and enhance the texture of meals.
Expected rate of growth over a specific period of time.
According to predictions, the worldwide oatmeal industry is set to grow at a rate of 3.76% per year between the years 2022 and 2028. This growth is fueled by increasing concerns for health, fast changes in lifestyle, and shifts in how people consume food. More and more consumers are choosing low-fat, low-calorie options in order to maintain a healthier way of life and reduce the chances of developing health issues like obesity, heart disease, and cancer. As the global population continues to age, with an estimated increase from 9.3% in 2020 to 16.3% in 2050, there is an increasing demand for nutritious food options. It's worth noting that the overall value of the global oatmeal market reached a staggering $9.28 billion in 2022.
The Health-conscious Trend Takes the Lead in the European Union.
Among the group of countries that focus on consumption, the European Union has experienced consistent growth thanks to changing preferences among consumers towards healthier dietary choices. Countries such as Sweden, Finland, and Ireland have seen a notable increase in the consumption of oatmeal, mainly because of the availability of oat milk and cereals made from oats. The various health advantages of oats, such as their rich fiber content and essential nutrients, have played a significant role in driving this popular trend.
Canada Emerges as the Forerunner in Oatmeal Manufacturing
Canada has become a significant player in the oatmeal industry among the countries that produce it. It has outperformed its global competitors in terms of growth in the amount of oatmeal produced. This impressive advancement can be attributed to the country's commitment to sustainable farming methods and its plentiful agricultural resources. As a result, Canada has positioned itself as a leader in satisfying the increasing need for healthy products made from oats.
USA: Leading Oat Importer and Fashionsetter
The position of the United States as the biggest importer of oats worldwide has been firmly established, indicating the changing preferences and trends in diets. Oats, known for their health advantages and flexibility, are becoming more popular. Whether it's oat milk or breakfast cereals, people are integrating oats into their daily lives, resulting in a surge in demand. The move towards healthier eating habits and a preference for food packed with nutrients has led to an increase in oat imports, affecting not just the American food industry but also impacting the global production and trade of oats.
Russia's Rise as a Major Oatmeal Supplier Worldwide:
Russia is in a prime position to dominate the worldwide market for selling oatmeal to other countries. This is thanks to its abundant agricultural resources and inventive ways of producing oatmeal. By prioritizing the growth of oats, Russia is able to cater to its own citizens' demand for this breakfast staple while also making a significant impact on the global oatmeal trade. As people's food preferences change, Russia's rise as a leading oatmeal exporter highlights its ability to shape the direction in which the global industry is heading.
Important Figures in the Oatmeal Industry:
There are many significant contributors to the expansion of the oatmeal industry, including influential companies like HainCelestrial, B&G Foods, General Mills, Nestle SA, Kellogg, Quaker Oats (PepsiCo), and Post Holding Inc.
Projected Market Worth (USD) in 2022
Projected Market Worth (USD) by 2028
Compound Annual Growth Rate or CAGR is a financial metric that measures the average rate at which an investment has grown over a certain period of time. It takes into account the effects of compounding, which refers to the process of reinvesting any profits made from an investment back into the original investment. CAGR is often used in analyzing investment opportunities or assessing the performance of a particular investment. By calculating the CAGR, investors can gain a better understanding of how their investments have performed over time, allowing them to make more informed decisions regarding their financial future.
2. Investigation & Approach
4. Market Trends4.1 Factors Contributing to Expansion4.2 Obstacles
The worldwide oatmeal industry
6. Oatmeal Quantity 6.1 Through Production 6.2 Through Consumption 6.3 Through Exporting 6.4 Through Importing
7. Oatmeal - Analysis of the Percentage of the Market Owned by Each Country 7.1 Distribution of Market Ownership among Countries
8. Analysis of Oatmeal Market Share by Quantity 8.1 Based on Countries of Production 8.2 Based on Countries of Import 8.3 Based on Countries of Export
9. Nations - Examination of the Consumption Market and Volume of Oatmeal
10. Countries that Manufacture Goods - Investigation of Quantity
11. Countries that Export Goods - Examination of Quantity
12. Analysis of Importing Nations - Volumetric Evaluation
13. Evaluating the Five Forces with PORTER
Analysis of Key Players In this section, we will delve into an examination of key players.
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