Oat drink market size worth $7.66 billion by 2028

Date: 23.02.2022Source: Polaris Market Research

The global oat drink market size is expected to reach USD 7.66 billion by 2028 according to a new study by Polaris Market Research. The report ‘Oat Milk Market Share, Size, Trends, Industry Analysis Report, By Source (Organic, Conventional); By Product (Plain, Flavored); By Packaging; By Application; By Region; Segment Forecast, 2021 – 2028’ gives a detailed insight into current market dynamics and provides analysis on future market growth.

Factor such as the increasing adoption of the vegan diet and the rising number of people allergic to lactose and gluten across the globe is expected to drive the growth of the global market during the forecast period. Further, the growing numbers of enthusiastic fitness people preferring health-conscious foods will further boost the growth of the global market.

The product is also gluten and lactose-free and hence, it is suitable for people having gluten and lactose sensitivity. Consumers are also worried about the presence of pesticides, antibiotics, and hormones in the dairy product which is associated with increased risk of developing cancers, and hence people are adopting plant-based products such as the product, and this will, in turn, help the growth of this industry in the coming years.

The plain product is a commonly preferred form owing to its increased consumption. Increased utilisation of plant-based products as an alternative to dairy products, particularly in retail coffee shops has led to the growth of the segment. However, flavoured form is gaining popularity with the availability of flavours such as Choc-O-Haze and Vanilla Cinnamon in the industry.  For more visit polarismarketresearch.com/

David Cox / IDM

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