The Latin America, Middle East and Africa Oat Milk Market would witness market growth of 14.3% CAGR during the forecast period (2020-2026). Due to health benefits, more people are adopting vegan diets as well as concern for animals has also been increased, thus the demand for plant-based products is also increasing. Similarly, cows, buffalos, and other bovine animals are rich source of greenhouse gas releases, and this is augmenting environmental concerns. Apart from Oat milk, the almond Milk extreme exploited the water resources since almond is water intensive crop. This drives the demand for oat milk as an ecological product. Oat milk is also creamier and thicker than its substitutes, which are its exclusive selling point.
Oat milk is extensively used as an alternative to traditional milk due to its nutritional profile, neutral taste, and can be easily digested. Moreover, oat milk is rich in amino acids that promote growth. It doesn’t increase the blood insulin level which should accelerate the oat milk industry share. Customers are inclining towards organic oat milk products in their diets in order to reinforce the immune system and decrease the risk of osteoporosis. It is very rich in calcium and an easily digestible protein, making them compatible to prepare shakes and smoothies, thereby expanding the market statistics.
Industry players are taking various marketing initiatives in order to design attractive and modern packaging solutions especially for the young population. Additionally, carton solutions are perfect for schools and universities as it reduces waste. Customers are speedily attracted towards carton solutions because they are easy to stock, lightweight, and it is biodegradable waste, thereby increasing demand for carton-based oat milk in the market.
Based on Source, the market is segmented into Conventional and Organic. Based on Packaging, the market is segmented into Carton, Bottle and Other Packaging. Based on Product, the market is segmented into Flavored and Plain. Based on Application, the market is segmented into Food and Beverages. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: Oat Milk Market in LAMEA is expected to register a CAGR of 14.3% during the forecast period (2020-2026)
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include The Hain Celestial Group, Inc., PepsiCo, Inc., Danone S.A., Campbell Soup Company (Pacific Food), Elmhurst 1925 (Elmhurst Milked, LLC), Califia Farms LP, Happy Planet Foods, Inc., Rise Brewing Co., Thrive Market, Inc. and Oatly AB (Cereal Base Ceba AB).
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Companies Profiled
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