An Incisive, In-depth Analysis on the Oats Market
This study offers a comprehensive, 360 degree analysis on the Oats market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Oats market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
In terms of revenue, the oats market is estimated to increase at a CAGR of 5.5% over the forecast period. This growth is accompanied with the presence of numerous factors, about which FMI offers thorough insights and forecasts in this report. In the U.S., oats are primarily found in hot breakfast cereals, along with cold cereals, bakery products, baby food, and granola bars. Oats are also consumed as a major breakfast staple with fruits. In Germany, oats are consumed with milk as a part of muesli. The property of oats to provide a complete meal without the requirement of any additional ingredient makes it the most popular grain among the rest. This factor is attributed for increasing the growth of the oats market across other regions, mainly APAC.
Oats are abundantly nutritious grains, associated with the property of lowering blood cholesterol levels when consumed on a regular basis. Oats are majorly suitable for human consumption as rolled and steel cut oats or crushed into oatmeal or grounded to form oat flour. Oatmeal has chief application in porridge, but is widely being used for the preparation of bakery products such as oatcakes, oatmeal cookies, and oat breads. Apart from human consumption, oats have found wide application in the preparation of livestock feed.
On the basis of product type, oats are classified into oat groats, rolled oats, and oat flour. Oat groats are further segmented into whole oats and steel cut oats. Oats have found application in various segments, including breakfast cereals, bakery products, and snacks and savories, among others.
Productive Growth for Oat Flour
Among the product type segments, the oat flour segment is expected to register a significant growth rate of 6.4 % in terms of revenue in the global oats market, owing to the growing consumer preference for ready to-cook food products. Oats is the most preferred ready-to-cook food product due to the multi-health benefits associated with them, accompanied with busier lifestyles and rising income levels of consumers.
Better Appetite Fullness Promotion by Oats than Other Cereals
Oats are among the most filling and healthiest breakfasts; reason being, the high soluble fiber content present in oats. When compared with cereals like rice and wheat, oats provide an increase in satiety due to the presence of high amounts of beta-glucan and the viscosity of the oatmeal. The viscosity of oats interferes with the mixing process in the digestive system, which initiates a greater feeling of fullness with a decreased feeling of hunger. Also, oats contain comparatively fewer calories than other cereals, making them a better option for weight loss. These factors have made oats the first choice of people, thus aiding its high demand in the cereal market.
For instance, the dietary fiber percentage of oats is 10.6, which is much higher as compared to brown rice (4.6 %), corn (7.3 %), and millet (8.5 %).
Emergence of Modern Trade & Online Retail Formats
The increasing adoption of mobile phones and social media platforms enables consumers to access information regarding various products, and also share information regarding the benefits of the products offered. The increasing adoption of hypermarkets/supermarkets as well as online retail services is fueling the sales of food products across the globe. With the emergence of modern retail formats, a new format for operations in the form of food courts and specialty stores in large format malls has emerged. These food courts and specialty stores offer consumers easy access to food and beverages at the time of shopping and entertainment activities, and also offer a choice of selecting different products by comparing them then and there.
For instance, The Kroger Company, an American retail company, has developed its own range of oats. The company offers a wide range of oats and oat products to its customers.
Companies Offering Diversified Oat-based Products
With changing lifestyles and the rising demands of consumers, companies are penetrating deeper into the oats market for the development of different types of oat products. Many companies are offering oat-based products such as granola bars, savories and snacks, oat cakes, bread and bakery products, oat-based drinks, and many other products. Also, the increasing awareness of the millennial population towards the negative impacts of food additives, chemicals, antibiotics, etc., on the health has led to the increasing demand for oat-based food products.
For instance, Nairn’s Oatcakes Limited, a U.K.-based company, offers oat cakes, cookies, and many other snack varieties. The company offers a wide range of products using oats as the major ingredient.
Report Description for Oats Market
This report provides forecast and analysis of the global oats market. It provides historical data of 2013, along with estimated data for 2018, and forecast data up to 2028 in terms of revenue (US$ Mn) and volume (MT). The report also includes macroeconomic indicators, along with an outlook on oats for the global market. It includes drivers and restraints of the global oats market, and their impact on each region during the forecast period. The report also comprises the study of ongoing industry trends and opportunities for oats. It also includes value chain analysis. For providing users with a comprehensive view of the oats market, we have included detailed competitive analysis, along with key players in the market, and analysis on the strategies followed by them. The competitive dashboard provides a detailed comparison of oat manufacturers on the basis of revenue, product offerings, and key strategies. The study encompasses market attractiveness analysis by nature, end use, distribution and region.
A detailed study of the oats market has provided our analysts with the observation of shift towards the consumption of oat flour, over the forecast period. The shift of consumers towards oat flour is due to the consumers looking out for healthier and easy-to-cook foods due to their extremely busy lifestyles. Baked food or baked snack products prove to be very useful in such cases. Due to growing health and diet concerns, oat flour is used in baked products, which is healthier as compared to other flours. Baked products and snacks are gaining popularity, not only among children but the younger generation too, creating further growth opportunities for oat flour manufacturers. Thus, with the growing demand for baked products in the coming years, the demand for oat flour is also expected to witness a significant increase. These factors are responsible for driving the demand for oat and oat based products over the forecast period.
The report includes the company profiles of key manufacturers of oats and oat based products in North America, Mexico, Latin America, U.K., Germany, Eastern Europe, and Western Europe, APAC, Australia & New Zealand, and MEA. All key applications of oats have been considered based on secondary sources. Some of the key data points involved in the modelling approach include the food and beverage industry scenario, dietary content of different breakfast products, comparison between oats and other gains, etc. The market has been forecasted based on constant currency rates.
A number of primary and secondary sources were consulted during the course of the study. Secondary sources include Factiva and Hoovers, and company annual reports and publications. This report covers market dynamics related to oats that include drivers and trends driving each segment and opportunities in the oats market. The report also includes analysis and insights into the potential of the oats market in specific regions. Detailed profiles of the providers are also included in the scope of the report to evaluate their long-term and short-term strategies, product portfolio of oat manufacturers, and recent developments in the oats market space. Some of the key players analysed are Nestlé S.A., Quaker Oats Company, The Kellogg Company, General Mills, Inc., Pioneer Foods Ltd., The Hain Celestial Group, Inc., Marico Limited, B&G Foods, Inc., Post Holdings, Inc., Grain Millers, Inc., Bob's Red Mill Natural Foods, Inc., Richardson International Limited, Bagrry's India Ltd, Nature’s Path Foods, NOW Health Group, Inc., Helsinki Mills Ltd., Morning Foods Limited, Avena Foods Limited, Blue Lake Milling Pty Ltd. (CHB Group), and Unigrain Pty Ltd, among other oat manufacturers.
Global Oats Market – By Product Type
Steel Cut Oats
Global Oats Market – By End Use
Snacks & Savories
Global Oats Market – By Distribution
Global Oats Market – By Region
Australia & New Zealand
The data analysis for global oats market is estimated in terms of value and volume consumption. To arrive at the volume consumption of oats, production data of countries producing oats across the globe has been taken into consideration. In addition to, the production of oats varieties in top producing countries is also tracked and further their import-export in the global market is tracked for understanding consumption in key countries. Furthermore, Future Market Insights estimated volume data on consumption of oats for several countries by understanding the demand and supply of oats. It includes production, growth, volume and value sales, transition, pricing, per capita consumption, population, consumer preference, and consumption of oats among end user verticals is scrutinized.
FMI then determined the volume consumption of oats across various regions including North America, Latin America, Asia Pacific, and Middle East and Africa. Forecasting is done on internal proprietary model using different macro-economic, industry-based demand driving factors impacting the market and its forecast trends. By identifying and allocating a weighted score to forecast factors that influence the demand for oats. These factors were the representative of an entire value chain, as well as the macro-economic indicators such as production, per capita consumption of oats, per capita spending on food products have been taken into consideration to arrive at the volume consumption of oats in respective countries.
Weighted average selling price for oats was considered to estimate the market size for top oats consuming countries. These prices were captured in their respective countries and then converted into USD to offer forecasts in one consistent currency standard.
Given the characteristics of the market, FMI triangulated the data based on supply side, demand side, and dynamics of the global oats market. To develop the global oats market forecast, FMI analyzed various factors to understand their respective impact on the target market. However, quantifying the market across the abovementioned segments is more a matter of quantifying expectations and identifying opportunities rather than rationalizing them after the forecast has been completed.
It is imperative to note that in an ever-fluctuating economy, we not only provide forecasts in terms of CAGR but also analyze on the basis of key parameters, such as year-on-year (Y-o-Y) growth, to understand predictability of the market and identify the right opportunities.
Another key feature of this report is analysis of the global oats market and the corresponding revenue forecast in terms of absolute dollar opportunity. This is usually overlooked while forecasting the market. However, absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales perspective in the global oats market.
To understand key segments in terms of their growth and performance in the global oats market, Future Market Insights has also presented a market attractiveness index. The resulting index should help providers identify existing market opportunities in the global oats market.
The report covers an in-depth analysis of all components of value chain in the global oats market. In the final section of the report on the global oats market, competitive landscape is included to provide a dashboard view of global oats manufacturers.
Oats Market Reports - Table of Contents
1. Executive Summary
2. Market Introduction
3. Oats Market Background
4. Global Oats Market Analysis 2013–2017 and Forecast 2018–2028
5. Global Oats Market Pricing Analysis
6. Global Supply/Demand Analysis and Trade Scenario, By Region
7. Global Oats Market Analysis 2013–2017 and Forecast 2018–2028, by Product Type
8. Global Oats Market Analysis 2013–2017 and Forecast 2018–2028, End Use
9. Global Oats Market Analysis 2013–2017 and Forecast 2018–2028, by Distribution Channel
10. Global Oats Market Analysis and Forecast, By Region
11. U.S. Oats Market Analysis 2013–2017 and Forecast 2018–2028
12. Canada Oats Market Analysis 2013–2017 and Forecast 2018–2028
13. Mexico Oats Market Analysis 2013–2017 and Forecast 2018–2028
14. Latin America Oats Market Analysis 2013–2017 and Forecast 2018–2028
15. Germany Oats Market Analysis 2013–2017 and Forecast 2018–2028
16. U.K. Oats Market Analysis 2013–2017 and Forecast 2018–2028
17. Western Europe Oats Market Analysis 2013–2017 and Forecast 2018–2028
18. Eastern Europe Oats Market Analysis 2013–2017 and Forecast 2018–2028
19. Australia Oats Market Analysis 2013–2017 and Forecast 2018–2028
20. Asia Pacific Excluding Japan (APEJ) Oats Market Analysis 2013–2017 and Forecast 2018–2028
21. Japan Oats Market Analysis 2013–2017 and Forecast 2018–2028
22. Middle East & Africa Oats Market Analysis 2013–2017 and Forecast 2018–2028