Market Introduction
Oats is a cereal crop widely consumed in the form of flakes, oatmeal, and groats in various application industries. Oats (Avena sativa) are high in several dietary fiber components, such as mixed-linkage (1→3), (1→4)-β-D-glucan arabinoxylans, and cellulose. Oats are made of protein, minerals, vitamins, dietary fiber, and carbohydrates. They are also high in antioxidants, which assist in protecting the body from chronic diseases, such as diabetes, cardiovascular disease, and cancer. The increasing awareness of the numerous benefits of consuming oats is prompting manufacturers to incorporate oats into various uses, including food & beverages, animal feed, cosmetics, and others.
The growth of the Europe oats market is fueled by determinants such as the wide application scope of oats and the health benefits associated with the consumption of oats. The market is expected to emerge lucrative during the upcoming years owing to the surging demand for gluten-free and organic oats, along with its rising demand in the personal care industry. However, the availability of substitutes for oat is hampering the growth of the market.
The COVID-19 pandemic is anticipated to cause a significant economic loss in Asia-Pacific. The consequence and impact can be even worse, and they totally depend on the spread of the virus. The Asian economies have been hit hard due to the pandemic. Currently, India has recorded the highest number of cases as well as the emergence of new COVID-19 waves in India, Thailand, and other Asian economies have prolonged the effect of pandemics upon the food and beverage industries. The ongoing COVID-19 pandemic is anticipated to cause huge disruptions in the growth of various industries of Asia-Pacific.
Market Overview and Dynamics
The Europe Oats market in the Europe is expected to grow from US$ 3,633.78 million in 2021 to US$ 4,496.77 Million by 2028; it is estimated to grow at a CAGR of 3.1 % from 2021 to 2028. Changing consumer preference has always been a significant factor in influencing the food & beverages industry. Continuous shifts in consumer preferences are propelling food manufacturers to introduce dairy-free, gluten-free, organic, and vegan diets products that meet the dietary needs of various consumers. The rising trend of gluten-free and organic food products, especially in western countries, is boosting the growth of the Europe oats market significantly. With the rise in heart disease, diabetes, and obesity, people across the world have become more health and fitness concerned, providing organic and gluten-free oats a promising growth.
In terms of process, the rolled segment accounted for the largest share of the Europe oats market in 2020. In terms of category, the organic segment accounted for the largest share of the Europe oats market in 2020. In terms of nature, the conventional segment accounted for the largest share of the Europe oats market in 2020. In terms of form, the flakes segment accounted for the largest share of the Europe oats market in 2020. Furthermore, In terms of Application, the animal feed segment accounted for the largest share of the Europe oats market in 2020.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the Europe oats market in the Europe are company websites, annual reports, financial reports, national government documents, and statistical databases, among others. Major companies listed in the report are Blue Lake milling, Glanbia Plc., Lantmannen, and Richardson International Limited.
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Europe Oats Market Segmentation
By Process
By Category
By Nature
By Form
By Application
By Country
Companies Mentioned -