The North America Gluten-free Oats Market would witness market growth of 6.9% CAGR during the forecast period (2023-2029).
The market is primarily driven by rising disorders linked to a sedentary lifestyle and celiac disease. A stringent gluten-free diet is the only way of living for those with celiac disease. The need for gluten-free goods has significantly increased as awareness of celiac disease has grown. In addition, some people are consciously switching to gluten-free diets as part of healthy lifestyle choices in developed and developing nations.
The inclusion of gluten-free oats in breakfast cereals, baked goods, and snack foods has significantly fueled the expansion of the market since they are high in vital vitamins, fiber, minerals, and antioxidant plant compounds. Additionally, because gluten-free oats have a low-calorie count and glycemic index, those looking to reduce weight favor them. The market participants also provide new varieties and develop a broad product range in response to the rising demand.
The Canadian government announced an investment of up to $1,982,915 for the “Prairie Oat Growers Association”, to enhance oat varieties for the Canadian oat sector. The goal was to create new oat cultivars that could be grown in western Canada. The industry will identify the end-use quality of the cultivars, and they will be genetically resistant to the main diseases, pests, unfavorable environmental circumstances, and changing climatic conditions.
Canada is the world's top exporter of oats and annually produces roughly 3 million tons of high-quality oats. Over 90% of Canada's oat crop comes from the western part of the country. The federal, provincial, and territory governments have invested $3 billion in the Canadian Agricultural Partnership over five years to support the agriculture and agri-food industry. The high output of premium oats will improve the availability and consumption of gluten-free oats, driving the market's expansion in North America.
The US market dominated the North America Gluten-free Oats Market by Country in 2022 and would continue to be a dominant market till 2029; thereby, achieving a market value of $74,025.1 Thousands by 2029. The Canada market is showcasing a CAGR of 8.9% during (2023 - 2029). Additionally, The Mexico market would exhibit a CAGR of 8.7% during (2023 - 2029).
Based on Product Type, the market is segmented into Rolled Oats, Instant Oats, and Steel-Cut Oats. Based on Flavor, the market is segmented into Unflavored, and Flavored. Based on Distribution Channel, the market is segmented into Supermarkets/Hypermarkets, Online Retail, Convenience Stores, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Worldwide Gluten-free Oats Market is Projected to reach USD 334.4 Million by 2029, at a CAGR of 7.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Bob’s Red Mill Natural Foods, Inc., General Mills, Inc., PepsiCo, Inc. (The Quaker Oats Company), Thrive Market, Inc., B&G Foods, Inc., Cargill, Incorporated, Glebe Farm Foods Limited, Bakery On Main, Purely Elizabeth, LLC, and Nature’s Path Foods, Inc.
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