Oatmeal Market - Global Industry Analysis

Oatmeal Market

Oatmeal Market Size, Analysis, Growth Rate, Trends, Demand 2028

Category: Food & Beverage Report Format : PDF Pages: 150 Report Code: ZMR-799 Published Date: Jul-2021 Status : Published
Market Size in 2020 Market Forecast in 2028 CAGR (in %) Base Year
USD 2.3 Billion USD 3.0 Billion 3.1% 2020

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Oatmeal is one of the highly preferred breakfast meal across the globe. Oatmeal is made up of breakfast cereal oats which are in high demand across the globe. Oats are considered as one of the healthiest grains. Oat groats, the most intact and whole form of oats, take a long time to cook. As a result, most people prefer rolled, crushed or steel-cut oats. Oat grains are treated to produce oatmeal. Oat grains are processed, crushed, steel cut or rolled to make coarse oatmeal. Oatmeal has multiple health advantages which include weight loss, lower blood sugar levels and a reduced risk of heart disease.

The oatmeal market is expected to witness moderate growth in the near future. The market is mainly driven by increasing breakfast industry coupled with changing food habits and increasing preference for healthy meals across the globe. Moreover, increasing preference towards ready to eat food and healthy breakfast products is expected to propel the market growth over the years to come. Oatmeal is high fiber and protein content, no sugar and being gluten-free is also expected to augment the growth of the oatmeal market. However, the high cost of oatmeal as compared to other breakfast options may hamper the market growth within the forecast period. Oatmeal consumption in developing countries has been continuously increasing. Thus, increasing demand from emerging economies is expected to open up new growth avenues in the near future.

Oatmeal Market Size Revenue

The oatmeal market can be categorized on the basis of products into whole oat grains, steel cut oats, regular rolled oats, instant rolled oats and others. Instant rolled oats segment is expected to grow at the highest CAGR during the forecast period. Easiness to cook and on-the-go food supports the growth of instant rolled oats market during the forecast period.  

Based on distribution channel, the market can be segmented into super/hypermarket, convenience/departmental stores, specialty stores, and others (includes foodservice) distribution channel. Among all distribution channels, super/hypermarket is expected to show substantial growth in the years to come. The increase in organized retail sector is the prime cause for the high growth of super/hypermarket. Super/hypermarket offer wide variety of oatmeal products also offers attractive offers and discounts. Moreover, increase in a number of super/hypermarket in developing economies is also expected to drive this market.

By geography, Europe generated high demand for oatmeal, which accounted for the largest market share of overall consumption in 2016. North America was another leading regional market in 2016. The Asia-Pacific oatmeal market is expected to grow at fastest growth rate during the forecast period primarily due to changing eating habits, and growing urban population resulting in higher demand for healthy on-the-go food.

Some of the key players operating in this market are Quaker Oats Company, General Mills, Nestle, Dr. McDougall's Right Foods., Kellogg's, Bagrry's India Ltd., McCann’s, Abbott Nutrition, Conagra Foods, ABF Grain Products Limited., and thinkThin and others. The major players in the market focus on the expansion of the business by different new strategies such as setting up a new plant to increase production capacity and also extending the product line.

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