The global oat-based snacks market is anticipated to grow at a significant CAGR of 4.5% during the forecast period. The growing prevalence of chronic diseases such as obesity, diabetes, and cardiovascular diseases globally is the major factor driving the growth of the oat-based snacks market. The demand for oats in daily meals is increasing as it is a rich source of soluble fiber in the form of beta-glucan. Beta- glucon acts as an immunomodulating agent which reduces cholesterol, lowers blood sugar levels, and boosts immunity. According to the Centers for Disease Control and Prevention and Control (CDC), in 2015–2018, nearly 12% of adults aged 20 years and above had total cholesterol higher than 240 mg/dL, and 28 million adults in the US have total cholesterol levels higher than 240 mg/dL. Increasing stress over such high cholesterol levels is anticipated to encourage the demand for healthy foods and snacks. Furthermore, an increase in consumption of oats also promotes metabolism and healthy weight loss as they contain more dietary fiber. Hence, the preference for a healthy diet is increasing among people due to growing obesity and other chronic diseases.
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The shutdown of various manufacturing plants has affected the global supply chains and negatively impacted the manufacturing and sale of the oat-based snacks market. The market experienced a delay in product deliveries and fluctuation in prices during the COVID-19 pandemic. However, the pandemic has also enforced a shift towards a healthier lifestyle among people which pushes the population towards the adoption of more fiber and nutrition intake in their diets. This factor has positively impacted the growth of the oat-based snacks market during the COVID-19 pandemic. Shoppers began looking for alternatives to in-store shopping to avoid in-person contact. Grocers globally reacted by expanding their availability of online shopping by adding delivery models.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
Global Oat-Based Snacks Market by Product
- Oat-based bakery and bars
- Oat-based savory
Global Oat-Based Snacks Market by Distribution Channel
- Offline Distribution
- Online Distribution
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Britannia Industries Ltd.
- CORE Foods
- Del Monte Foods, Inc.
- Evolve Snacks
- Grenade
- Happi Free From
- Hearthside Food Solutions LLC
- Insurgent Brands LLC
- Kallo Foods Ltd (Mrs. Crimble’s)
- Kellogg Europe Trading Ltd.
- Lantmännen ek för
- Libre Naturals Inc.
- Naturell (India) Pvt Ltd.
- Nature Delivered Ltd.
- Nutty Yogi
- RIP VAN INC.
- Seven Sundays
- Simply Delicious, Inc. dba Bobo’s Oat Bars
- SNACKZILLA
- Thunderbird Real Food Bar
- United Biscuit Private Ltd.
- Weetabix Ltd.
- Well&Truly Ltd.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global oat-based snacks market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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