Oat Milk Market Report by Source (Organic, Conventional), Product (Plain, Flavored), Packaging Type (Cartons, Bottles, and Others), Application (Food, Beverages), Distribution Channel (Supermarkets and Hypermarkets, Grocery Stores, Online Stores, and Others), and Region 2024-2032

Oat Milk Market Report by Source (Organic, Conventional), Product (Plain, Flavored), Packaging Type (Cartons, Bottles, and Others), Application (Food, Beverages), Distribution Channel (Supermarkets and Hypermarkets, Grocery Stores, Online Stores, and Others), and Region 2024-2032

Report Format: PDF+Excel | Report ID: SR112023A3640
Year End sale Buy Now

Market Overview:

The global oat milk market size reached US$ 644 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 1,966 Million by 2032, exhibiting a growth rate (CAGR) of 11.5% during 2024-2032. The increasing product demand as a dairy milk substitute worldwide, the inflating disposable incomes of consumers, the rising awareness regarding the health benefits offered by the product, and the growing number of lactose-intolerant individuals are some of the factors propelling the market.

Report Attribute 
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023
US$ 644 Million
Market Forecast in 2032
US$ 1,966 Million
Market Growth Rate 2024-2032 11.5%


Oat milk is a popular plant-based milk alternative made from oats and water. Its creamy texture and mild, slightly sweet flavor have gained traction. It is often chosen by individuals who are lactose intolerant, allergic to nuts, or following a vegan diet. It contains no cholesterol or saturated fat and is a good source of vitamins and minerals, such as vitamin D, calcium, and vitamin B12 (if fortified). Its environmental impact is generally lower than dairy milk, making it eco-friendly. Its versatility allows it to be used in coffee, cereal, smoothies, and cooking.

Global Oat Milk Market

The global market is majorly driven by the increasing trend towards plant-based diets and lifestyles. Individuals opt for oat milk as a sustainable and ethical choice that aligns with their values. Furthermore, the milk's nutritional profile is appealing to health-conscious consumers. It is often considered a healthier alternative to dairy milk due to its lower saturated fat content and potential benefits like heart health and digestive support. Besides, the allergy-friendly nature of oat milk is another driving factor. With the rise in lactose intolerance and nut allergies, individuals are turning to oat milk as a safe and versatile option. Additionally, the culinary flexibility of oat milk contributes to its growth. It froths well in coffee, pairs with cereals, and can be used in cooking and baking, making it an adaptable substitute. Environmental concerns also play a role. Oat milk has a relatively low carbon footprint compared to dairy farming, appealing to eco-conscious consumers. The aggressive marketing and availability in mainstream coffee shops and grocery stores have increased consumer exposure and accessibility.

Oat Milk Market Trends/Drivers:

Easy product availability in convenient packaging solutions

The easy product availability in convenient packaging solutions is a major driver behind the market growth. The accessibility of oat milk in various sizes, including single-serve containers and larger cartons, makes it incredibly convenient for consumers to incorporate into their daily routines. This packaging convenience aligns well with modern, fast-paced lifestyles, allowing people to enjoy oat milk on the go, at work, or at home without hassle. The portability of these packaging solutions has also contributed to oat milk's popularity in cafes and coffee shops, enabling baristas to incorporate it into beverages easily. The widespread distribution of oat milk in grocery stores, along with its user-friendly packaging, has increased its exposure and made it a viable option for a broader range of consumers, thus bolstering the market.

Increasing product endorsement by celebrities

The increasing product endorsement by celebrities has significantly contributed to the market growth. Celebrities often have a large and dedicated fan base and wield considerable influence over consumer choices. When well-known individuals openly endorse oat milk, whether through social media posts, interviews, or partnerships, it not only boosts the product's visibility but also lends it an element of desirability. Consumers often seek to emulate the lifestyles and choices of their favorite celebrities, and when they see them enjoying oat milk, it can motivate them to try it as well. This form of indirect recommendation can lead to a rapid expansion of the consumer base. As more and more celebrities choose to promote oat milk as part of their health-conscious or environmentally-friendly lifestyles, the market for oat milk experiences a corresponding boost in demand and popularity.

Rising product innovations and varieties

The continuous rise in product innovations and varieties is fostering the market. As consumer preferences diversify and evolve, manufacturers have responded by introducing a wide array of oat milk options to cater to different tastes, dietary needs, and usage scenarios. Innovations such as flavored oat milk (vanilla, chocolate, etc.), barista blends for coffee, low-sugar or unsweetened variations, and organic options have expanded the appeal of oat milk to a broader audience. These innovations ensure that oat milk can seamlessly integrate into various culinary applications, from coffee to cooking and baking. Furthermore, specialized formulations targeting specific dietary requirements, such as gluten-free or nut-free oat milk, have extended oat milk's accessibility to those with allergies or sensitivities. By continually pushing the boundaries of what oat milk can offer, manufacturers have managed to captivate the interest of consumers seeking novel and customizable alternatives to dairy milk, thereby propelling the market.

 

 
 

 

Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

To get more information about this market, Request Sample

Oat Milk Industry Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the global oat milk market report, along with forecasts at the global, regional and country levels from 2024-2032. Our report has categorized the market based on source, product, packaging type, application and distribution channel.

Breakup by Source:

 

 
 

 

Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

To get more information about this market, Request Sample

  • Organic
  • Conventional
     

Conventional dominates the market

The report has provided a detailed breakup and analysis of the market based on the source. This includes organic and conventional. According to the report, conventional represented the largest segment.

Conventional oat milk is derived from conventionally grown oats, and it appeals to a wide range of consumers due to its familiarity and relatively lower cost than some specialty or organic options. Its affordability makes it an attractive choice for price-sensitive consumers transitioning from dairy milk to plant-based alternatives. This segment's larger market share also boosts overall oat milk consumption, as it caters to a broader demographic.

Moreover, its availability in mainstream grocery stores and supermarkets ensures that a significant portion of the population can easily access and incorporate it into their daily routines. As the conventional segment continues to drive consumption, it contributes to the market growth.

Breakup by Product:

  • Plain
  • Flavored
     

Plain dominates the market

The report has provided a detailed breakup and analysis of the market based on the product. This includes plain and flavored. According to the report, the plain represented the largest segment.

Plain oat milk, free from added flavors or sweeteners, appeals to a diverse range of consumers looking for a versatile and neutral base for various culinary uses. Its simplicity makes it an ideal choice for consumers seeking a dairy milk alternative that can seamlessly substitute for milk in various recipes, including cooking, baking, and coffee. Its neutral taste profile also makes it a popular option for those who prefer a more subtle flavor in their beverages or dishes.

Additionally, it often serves as a foundation for customization, allowing consumers to add their preferred sweeteners, flavors, or spices. This flexibility aligns with evolving dietary preferences and creative culinary practices. Its popularity drives its consumption and contributes to expanding the overall oat milk market by appealing to a broader consumer seeking a versatile and unadorned plant-based milk option.

Breakup by Packaging Type:

  • Cartons
  • Bottles
  • Others
     

Cartons dominates the market

The report has provided a detailed breakup and analysis of the market based on the packaging type. This includes cartons, bottles, and others. According to the report, cartons represented the largest segment.

The product packaged in cartons offers several advantages, contributing to its popularity and widespread adoption. Carton packaging provides a convenient and eco-friendly solution for consumers seeking a sustainable alternative to traditional plastic containers. The recyclable nature of cartons aligns with the environmentally-conscious preferences of many consumers.

Moreover, cartons help preserve the freshness and flavor of oat milk, ensuring a longer shelf life without preservatives. This durability makes carton-packaged oat milk suitable for both at-home and on-the-go consumption, catering to modern lifestyles. The visibility of these cartons on store shelves, combined with their ease of storage and stacking, makes them an accessible choice for consumers in grocery stores and supermarkets. The popularity of carton-packaged oat milk underscores its role in propelling the market by meeting consumer demands for convenience, sustainability, and quality.

Breakup by Application:

  • Food
  • Beverages
     

Beverages dominate the market

The report has provided a detailed breakup and analysis of the market based on the application. This includes food and beverages. According to the report, beverages represented the largest segment.

Oat milk's popularity as a versatile and dairy-free beverage option has contributed significantly to its growth. Its creamy texture and ability to froth well make it a favorite among coffee enthusiasts. It has become a staple in cafes and coffee shops, used to create lattes, cappuccinos, and other espresso-based drinks. This widespread adoption in the coffee industry has introduced oat milk to a broad consumer base.

Furthermore, its neutral flavor makes it a suitable addition to various beverage options beyond coffee, such as smoothies, shakes, and even tea. Its ability to complement and enhance the taste of different beverages has solidified its place in the beverage market. The rising trend of health-conscious and plant-based diets has fueled the demand for oat milk-based beverages. This application segment's popularity continues to contribute to the market as more consumers opt for oat milk as their preferred non-dairy beverage choice.

Breakup by Distribution Channel:

  • Supermarkets and Hypermarkets
  • Grocery Stores
  • Online Stores
  • Others
     

Supermarkets and hypermarkets dominate the market

The report has provided a detailed breakup and analysis of the market based on distribution channel. This includes supermarkets and hypermarkets, grocery stores, online stores, and others. According to the report, supermarkets and hypermarkets represented the largest segment.

Supermarkets and hypermarkets serve as central hubs where consumers can easily find various oat milk brands and options in one place. The wide product assortment, along with the ability to compare different brands and flavors, provides consumers with the freedom to make informed choices. The prevalence of oat milk in supermarkets and hypermarkets also contributes to its visibility, ensuring that a diverse customer base can access and explore this dairy alternative. Additionally, these retail channels offer competitive pricing and promotional campaigns, making oat milk more appealing to cost-conscious shoppers.

The convenience of finding oat milk while shopping for other grocery items enhances the likelihood of spontaneous purchases and encourages consumers to incorporate oat milk into their routine. As supermarkets and hypermarkets remain key avenues for oat milk's availability and exposure, they play a crucial role in stimulating the market.

Breakup by Region:

 

 
 

 

To get more information on the regional analysis of this market, Request Sample

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Europe exhibits a clear dominance, accounting for the largest market share

The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Europe was the largest market for oat milk.

The rise of health-conscious lifestyles, increased awareness of environmental sustainability, and a growing preference for plant-based alternatives have all contributed to the popularity of oat milk in Europe. Countries within the region have embraced oat milk as a versatile and nutritious dairy milk substitute, fitting well with diverse culinary traditions. The European market's receptiveness to new food trends and a substantial vegetarian and vegan population have created a fertile ground for oat milk's growth.

Additionally, the development of innovative flavors, formulations, and product varieties tailored to European tastes has further fueled its adoption. Furthermore, collaborations between oat milk manufacturers and European cafes, bakeries, and retailers have facilitated its integration into the local food culture, enhancing its visibility and accessibility.

Competitive Landscape:

Top companies are strengthening the market through strategic initiatives. They invest in robust marketing campaigns to enhance brand visibility, leveraging celebrity endorsements and social media influencers to reach a wider audience. These companies also focus on widespread distribution, ensuring their products are readily available in grocery stores, cafes, and online platforms, thus maximizing consumer accessibility. Furthermore, continuous product innovation remains a key strategy. These companies introduce new flavors, formulations, and packaging sizes to cater to diverse preferences. Collaborations with coffee chains and food establishments have also helped integrate oat milk into mainstream menus, driving adoption. Top brands also prioritize sustainability, aligning with eco-conscious consumer values. They attract environmentally-aware customers by emphasizing their products' environmental benefits and ethical sourcing practices.

The report has provided a comprehensive analysis of the competitive landscape in the oat milk market. Detailed profiles of all major companies have also been provided.

  • Califia Farms LLC
  • Earth's Own Food Company Inc
  • Elmhurst Milked Direct LLC
  • Happy Planet Foods Inc.
  • Oatly AB (Cereal Base Ceba AB)
  • Pacific Foods of Oregon LLC (Campbell Soup Company)
  • Planet Oat Oatmilk (HP Hood LLC.)
  • RISE Brewing Co.
  • The Hain Celestial Group Inc.
  • Thrive Market Inc.

Recent Developments:

  • In 2020, Califia Farms expanded its oat milk product line by introducing new flavors and formulations. The company also focused on sustainability, emphasizing eco-friendly packaging materials.
  • In 2020, Earth's Own introduced a new product called "So Fresh Oat Unsweetened Creamer." The company continued its commitment to plant-based products, catering to the growing demand for dairy alternatives.
  • In 2020, Elmhurst Milked Direct expanded its oat milk product range. The company continued to innovate its milk-making process, focusing on producing dairy alternatives with simple, clean ingredients.

Oat Milk Market Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Million
Scope of the Report  Exploration of Historical and Forecast Trends, Industry Catalysts and Challenges, Segment-Wise Historical and Predictive Market Assessment:
  • Source
  • Product
  • Packaging Type
  • Application
  • Distribution Channel
  • Region
Sources Covered Organic, Conventional
Products Covered Plain, Flavored
Packaging Types Covered Cartons, Bottles, Others
Applications Covered Food, Beverages
Distribution Channels Covered Supermarkets and Hypermarkets, Grocery Stores, Online Stores, Others
Regions Covered Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Califia Farms LLC, Earth's Own Food Company Inc, Elmhurst Milked Direct LLC, Happy Planet Foods Inc., Oatly AB (Cereal Base Ceba AB), Pacific Foods of Oregon LLC (Campbell Soup Company), Planet Oat Oatmilk (HP Hood LLC.), RISE Brewing Co., The Hain Celestial Group Inc., Thrive Market Inc., etc.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Benefits for Stakeholders:

  • IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the oat milk market from 2018-2032.
  • The research study provides the latest information on the market drivers, challenges, and opportunities in the global oat milk market.
  • The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
  • Porter's five forces analysis assists stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the oat milk industry and its attractiveness.
  • Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.

Key Questions Answered in This Report

The global oat milk market was valued at US$ 644 Million in 2023.

We expect the global oat milk market to exhibit a CAGR of 11.5% during 2024-2032.

The emerging trend of veganism, the growing consumer health consciousness, and the widespread availability of oat milk in convenient packaging solutions, are primarily driving the global oat milk market.

The sudden outbreak of the COVID-19 pandemic has led to the changing consumer inclination from conventional brick-and-mortar distribution channels towards online retail platforms for the purchase of oat milk.

Based on the source, the global oat milk market can be segmented into organic and conventional. Currently, conventional holds the majority of the total market share.

Based on the product, the global oat milk market has been segregated into plain and flavored, where plain oat milk currently accounts for the largest market share.

Based on the packaging type, the global oat milk market can be categorized into cartons, bottles, and others. Among these, cartons packaging currently exhibits a clear dominance in the market.

Based on the application, the global oat milk market has been bifurcated into food and beverages. Currently, beverages hold the largest market share.

Based on the distribution channel, the global oat milk market can be divided into supermarkets and hypermarkets, grocery stores, online stores, and others. Among these, supermarkets and hypermarkets account for the majority of the global market share.

On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where Europe currently dominates the global market.

Some of the major players in the global oat milk market include Califia Farms LLC, Earth's Own Food Company Inc, Elmhurst Milked Direct LLC, Happy Planet Foods Inc., Oatly AB (Cereal Base Ceba AB), Pacific Foods of Oregon LLC (Campbell Soup Company), Planet Oat Oatmilk (HP Hood LLC.), RISE Brewing Co., The Hain Celestial Group Inc., and Thrive Market Inc.

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
Oat Milk Market Report by Source (Organic, Conventional), Product (Plain, Flavored), Packaging Type (Cartons, Bottles, and Others), Application (Food, Beverages), Distribution Channel (Supermarkets and Hypermarkets, Grocery Stores, Online Stores, and Others), and Region 2024-2032
Purchase options Year End sale



Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Get in Touch With Us
UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

Phone: +44-753-713-2163

Email: sales@imarcgroup.com

Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Greenfish S.A.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More
KRISHAK BHARTI CO-OP LTD

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More
Stax

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More