CHICAGO, May 2, 2024 /PRNewswire/ — According to Arizton’s latest focus insight report, the US oat-based snacks & beverages market is growing at a CAGR of 6.44% during 2023-2029.
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U.S. Oat-based Snacks & Beverages Market Focus Insight Report by Arizton
U.S. Oat-based Snacks & Beverages Market Report Scope
|
Report Attributes |
Details |
|
Market Size (2029) |
USD 5.23 billion |
|
Market Size (2023) |
USD 3.59 billion |
|
CAGR (2023-2029) |
6.44 % |
|
Historic Year |
2020-2022 |
|
Base Year |
2023 |
|
Forecast Year |
2024-2029 |
The U.S. oat-based snacks & beverages market is experiencing a surge in demand driven by several emerging trends. One notable trend is the increasing shift towards plant-based foods, leading to a growing preference for oat-based food and drinks. This is fueled by a rising desire among consumers for high-quality and diverse snack and beverage options. Key industry players respond by introducing new products to meet evolving consumer preferences. For example, Narra, a US-based company, recently launched a range of oat milk lattes infused with Asian flavors, catering to changing tastes.
Additionally, the expanding vegan population and growing preference for plant-based diets contribute to the demand for various oat-based snacks and beverages. Consumers are seeking more innovative and unique products to meet their dietary preferences. Moreover, there is a rising demand for healthier options within the oat-based snacks and beverages category. Companies like Nestle are addressing this demand by introducing new milk alternatives, such as a blend of oats and fava, which provide essential protein and amino acids. These nutritious and health-conscious products are expected to meet the growing demand for healthier snack and beverage choices.
Segmentation Analysis
The male segment is seeing substantial growth, with a CAGR of 6.53% projected during the forecast period. This growth can be attributed to the rising popularity among health-conscious communities and males focused on fitness.
Online stores in the distribution segment are growing significantly, with the fastest CAGR of 8.75% during the forecast period. Online platforms provide enhanced consumer choices due to intensified competition and elevated price levels, facilitating individuals’ purchase of goods at affordable rates. It drives the demand for oat-based snacks and beverages in the U.S. market.
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The U.S. Oat-based Snacks & Beverages Market Dynamics
Drivers
Growing Consumer Demand for Healthier Foods and Increased Popularity of Oats
Paradigm Shift Toward Plant-based Foods
New Product Launches with Combination of Various Nutrients
Challenges
Availability of a Wide Variety of Non-oat-based Products
High Cost of Oat-based Products
Manufacturing Challenges in Oat-based Products
Segmentation & Forecast
Product
Snacks
Beverages
Oat-Based Snacks
Oat-Based Based Bakery & Snack Bars
Oat-Based Savory
Oat-Based Beverages
Plain/Original Beverages
Flavored Beverages
Gender
Men
Women
Distribution Channel
Hypermarkets & Supermarkets
Convenience Stores
Specialty Food Stores
Online Stores
Others
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Vendors List
Key Vendors
Abbott
Bobo’s
Danone
Britannia Industries Ltd
General Mills
Elmhurst Milked Direct LLC
Kellogg’s
Mondelez International
The Quaker Oats Company
Nairn’s Oatcakes Limited
Nestle
Oatly Inc
Pacific Foods
Rude Health
Other Prominent Vendors
Airly Foods
Alyssa’s Cookies
Amandin
Bagrry’s
BELLA FOUR BAKERY Inc
Califia Farms
Chobani
Flower Foods
Global Premium Resources
Happy Planet Foods
Honey Stinger
Kind Snacks
Life Health Foods
McKee Foods Corporation
Minor Figures Inc
Narra
Pamela’s Products
Planet oat
Pure Harvest
Rich Products Corporation
RISE Brewing Co.
Seamild
The Coca-Cola Company
Thrive Market
Key Questions Answered in the Report:
How big is the U.S. oat-based snacks & beverages market?
What is the growth rate of the U.S. oat-based snacks & beverages market?
What are the key trends in the U.S. oat-based snacks & beverages market?
Who are the major U.S. oat-based snacks & beverages market players?
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Table of Contents
CHAPTER – 1: US Oat-based Snacks & Beverages Market Overview
Executive Summary
Key Findings
Key Developments
CHAPTER – 2: US Oat-based Snacks & Beverages Market Segmentation Data
Product Market Insights (2023-2029)
Snacks
Beverages
Oat-Based Snacks Market Insights (2023-2029)
Based Bakery & Snack Bars
Oat-Based Savory
Oat-Based Beverages Market Insights (2023-2029)
Plain/Original Beverages
Flavored Beverages
Gender Market Insights (2023-2029)
Men
Women
Distribution Channel Market Insights (2023-2029)
Hypermarkets & Supermarkets
Convenience Stores
Specialty Food Stores
Online Stores
Others
CHAPTER – 3: US Oat-based Snacks & Beverages Market Prospects and Opportunities
US Oat-based Snacks & Beverages Market Drivers
US Oat-based Snacks & Beverages Market Trends
US Oat-based Snacks & Beverages Market Constraints
CHAPTER – 4: US Oat-based Snacks & Beverages Market Overview
US Oat-based Snacks & Beverages Market- Competitive Landscape
US Oat-based Snacks & Beverages Market – Key Players
US Oat-based Snacks & Beverages Market – Key Company Profiles
CHAPTER – 5: Appendix
Research Methodology
Abbreviations
Arizton
About Focused Reports by Arizton
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