Organic Oats Market Overview
Organic Oats Market size is estimated to reach $3.5 billion by 2027, growing at a CAGR of 5.4% during the forecast period 2022-2027. Oats are frequently delineated as cereal grains that belong to the Poaceae family of crops and are domesticated worldwide for their across-the-board applications in food and animal feed. Nevertheless, if we add the word “Organic” in front of it, it simply means that no pesticides have been taken into consideration while growing the crop. Oats are of a variety of categories such as rolled oats, oats bran, whole oat groats, and others. Oats are one of the most commonly used breakfast cereals that have become an inextricable part of millions of kitchens all over the globe. These cereal grains have quite a fiber, vitamin, and antioxidant-rich nature that help in the maintenance of body health. For instance, they are a great source of copper, manganese, phosphorus, thiamin, pantothenic acid, niacin, and others. Being a rich source of antioxidants oats help in fighting free radical and prevents the risk of life-threatening cardiovascular ailments like a heart attack. Moreover, the concept of organic oats has started to prevail worldwide to mitigate the risk factor of possible chemical contaminations. The organic oats market outlook is exceptionally enchanting as the demand for chemical-free food is escalating. Moreover, the rising disposable income, spiking incidences of heart attack, augmenting demand for dairy and associated products, health alertness among people are the factors set to drive the growth of the Organic Oats Market for the period 2022-2027.
Report Coverage
The report: “Organic Oats Market Forecast (2022-2027)”, by Industry ARC, covers an in-depth analysis of the following segments of the Organic Oats Industry.
Key Takeaways
- Geographically, the North America Organic Oats Market accounted for the highest revenue share in 2021. However, the Asia-Pacific is poised to dominate the market over the period 2022-2027.
- Growing gym memberships and spiraling usage in healthcare and personal care are said to be preeminent drivers driving the growth of the Organic Oats Market. Diminishing soil richness and fertility owing to chemical usage to grow a variety of crops and unfavorable environmental catastrophes are said to reduce the market growth.
- Detailed analysis on the Strength, Weaknesses, and Opportunities of the prominent players operating in the market will be provided in the Organic Oats Market report.
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Organic Oats Market Segment Analysis-By Application
The Organic Oats Market based on the application basis can be further segmented into personal care, food products (confectioneries, bakeries, cereals, and others), animal feeds, and others. The food segment held the largest share in 2021. The growth is owing to far-reaching usage by consumers as a breakfast food to kick start their day. Moreover, intensifying malnutrition and cardiovascular complications are prompting people to add these cereal grains into their diet. Also, with growing gym memberships, the overall demand for oats has witnessed a sheer rise as oats are a rich source of required protein and other essential micronutrients. Furthermore, food and animal feed segments are estimated to be the fastest-growing with a CAGR of 6.3% over the forecast period 2022-2027. This growth is owing to uplifting demand for oats in various confectionery items such as desserts and bakeries. In addition to that, as demand for dairy products is hiking year after year, oats are being widely used in animal feeds which is helping the overall market to grow.
Organic Oats Market Segment Analysis-By Distribution Channel
The Organic Oats Market based on distribution channels can be further segmented into offline (supermarket/hypermarket, convenience stores, small retail stores, and others) and online platforms. The offline segment held the largest share in 2021. The growth is owing to tons of benefits associated with offline shopping as quick purchase unlike e-commerce sales where a customer is supposed to wait for more than 3 or 4 days, stable prices of commodities, one-stop solution, sale support, and easy return in case product are damaged. Moreover, offline shopping extends the pleasure to meet strangers and spend some time with friends or family members. On another hand, the far-reaching presence of supermarkets, small retail stores, and convenience stores is another factor behind more offline shopping. Nevertheless, the online segment is estimated to be the fastest-growing with a CAGR of 6.7% over the forecast period 2022-2027. This growth is owing to improving infrastructure in pastoral areas allowing e-commerce companies to start their services. Also, rapid digitalization, the breakthroughs in the telecom sector, growing numbers of people who hold a smartphone with them are the factor playing their essential role in the growth of e-commerce sales.
Organic Oats Market Segment Analysis-By Geography
The Organic Oats Market based on Geography can be further segmented into North America, Europe, Asia-Pacific, South America, and the Rest of the World. North America held the largest share with 35% of the overall market in 2021. The growth in this segment is owing to the factors such as better lifestyles of people in North American countries such as the U.S. and Canada than residents of most of the countries worldwide. Also, better alertness regarding health has played a crucial role in augmenting the fitness industry. The maximum adult and millennial population of the US have a gym membership which has broadened the demand for organic oats. However, Asia-pacific is expected to be the fastest-growing segment over the forecast period 2022-2027. This growth is owing to escalating milk consumption which has heightened the demand for oats in animal feeds. In addition to that, improving the quality of life and proliferating the disposable income of residents have prompted the usage of such grains. Moreover, as more people are making rational choices and undergoing gym memberships the scope for the growth of the respective market is improving day by day.
Organic Oats Market Drivers
The widespread prevalence of chronic maladies and malnutrition cases is Anticipated to Boost Product Demand.
The malnutrition problem is still prevailing among several African and Southeast Asian countries like India, Pakistan, and others as millions still hardly make it to one-time food in these nations. According to a report, in 2021 nearly 33 lakh (3.3 million) cases especially children were suffering from malnutrition problems in India. Similarly, more than 38% of Rwandan infants were undernourished in 2021. Therefore, as oats are a sound source of essential nutrients and can help in weight gain, the overall demand for these cereal grains is accruing worldwide. Nevertheless, the mounting pervasiveness of heart attacks and other life-threatening complications are providing great platforms for the growth of the organic oats market.
Escalating dairy consumption and disposable income is Expected to Boost Product Demand.
Proliferating demand for nutrition-rich food and beverages has stimulated the demand for milk and other dairy-associated products. India, in 2021, consumed approximately 83,000 million metric tons of milk. Similarly, European Union had more than 20,000 million metric tons consumption in 2021. On another hand, owing to affluent economies many European countries and the US has more than $60,000 GDP per capita income ensuring heavy purchasing power in the hands of consumers. Nevertheless, ascending economic prosperity in developing countries is resulting in growing disposable incomes too.
Organic Oats Market Challenges
