Oat-based Beverage Sales Set to Total USD 1874 Million by 2034 Amid Rising Demand for Plant-based Products

Download the Sample PDF report to explore key market insights and trends: https://www.futuremarketinsights.com/reports/sample/rep-gb-19630

Organic oat beverages are widely purchased products owing to their chemical-free composition and high nutrient retention. The organic segment accounted for a market share of 65% in 2023 and is estimated to grow further, retaining its dominance in the market.

Expansion of the oat-based beverage market during the assessment period is projected to be fueled by several factors, such as innovations in flavor profiles, integration of plant-based beverages in coffee shops through distinctive blends, and the accessibility of these beverages.

High pressure to reduce the environmental impact of dairy products is expected to strengthen the demand for sustainable plant-based alternatives across the globe. Oat-based beverages dominate the plant-based industry owing to their high neutral flavor and fiber content compared to other plant-based beverages.  

Increasing prevalence of lactose intolerance and the growing trend of veganism are anticipated to uplift the oat-based beverage market. Leading companies are aligning their strategies with the latest trends and are consistently working towards innovating oat-based beverages to meet evolving consumer preferences.

Key Takeaways from the Market Report:

"The plant-based beverage industry is booming, but the oat-based beverage segment dominates the industry because of its high versatility, several health benefits, and a relatively good sustainability profile. This will likely boost demand and sales during the next decade," says Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.).

Who is Winning?

The oat-based beverage industry has a dynamic competitive landscape, with leading players like Oatly Ab, Califia Farms, Alpro, and Quaker Oats Company (PepsiCo) holding significant market shares. Key players are employing different strategies, including flavor innovation, collaboration with influencers, acquisitions and mergers, and partnerships with physical stores to strengthen their place and boost revenues.

Significant investments are being made in the research, development, and technological sectors to enhance the production and increase the shelf life of oat-based beverages. Several companies are utilizing data analytics and AI to improve consumer reach and tailor their products to meet evolving needs.

Industry Updates

Want More Insights?

Future Market Insights (FMI), in its new offering, provides an unbiased analysis of the global oat-based beverage market, presenting historical demand data (2019 to 2023) and forecast statistics for the period from 2024 to 2034.

The study incorporates compelling insights based on source (organic and conventional), product type (plain/original and flavored), specialty (gluten-free, dairy-alternative, heart-healthy, and others), and distribution channel (retail stores, online retail, specialty stores, and food service/HORECA) across various regions.

About the Food & Beverage Division at Future Market Insights (FMI)

FMI's Food & Beverage team offers comprehensive business intelligence services, with a vast array of reports and data points analyzed across 50+ countries over a decade. The team provides consulting services and end-to-end research, offering expert analysis, actionable insights, and strategic recommendations to clients worldwide. Contact them to explore how they can assist with your unique business intelligence needs.

Purchase now and gain full access to the Oat-based Beverage Industry report, featuring comprehensive Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives.

About The Author:

Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.) has 7+ years of management consulting experience. She advises industry leaders and explores off-the-eye opportunities and challenges. She puts processes and operating models in place to support their business objectives.

She has exceptional analytical skills and often brings thought leadership to the table.

Nandini has vast functional expertise in key niches, including but not limited to food ingredients, nutrition & health solutions, animal nutrition, and marine nutrients. She is also well-versed in the pharmaceuticals, biotechnology, retail, and chemical sectors, where she advises market participants to develop methodologies and strategies that deliver results. Another feather to her cap manifests in the form of process automation. She is vocal about bringing automation to the fore to bring a 360-degrees-round revolution in manufacturing sector

Her core expertise lies in corporate growth strategy, sales and marketing effectiveness, acquisitions and post-merger integration and cost reduction. Nandini has an MBA in Finance from MIT School of Business. She also holds a Bachelor's Degree in Electrical Engineering from Nagpur University, India.

Nandini has authored several publications, and quoted in journals including Beverage Industry, Bloomberg, and Wine Industry Advisor.

Explore FMI's Extensive Coverage in the Food and Beverages Domain:

About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading market intelligence and consulting service provider, serving clients in over 150 countries. FMI is headquartered in Dubai and has delivery centers in the UK, the U.S., and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact Us
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA
T: +1-845-579-5705
For Sales Enquiries: [email protected]
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

View original content:https://www.prnewswire.co.uk/news-releases/oat-based-beverage-sales-set-to-total-usd-1874-million-by-2034-amid-rising-demand-for-plant-based-products-302162870.html