Oatmeal is frequently utilized in breakfast cereal by several people around the world. Oat grains are administered, crushed, rolled or steel-cut to generate the coarse oatmeal. It is expended for its great nutrient content, which involves the high protein, starchy carbohydrates, vitamin, and dietary fiber, mineral and is also gorgeous in anti-oxidants and contains over 26 bioactive substances supports the body in maintenance against chronic syndromes, such as heart disease, diabetes, and cancer.
According to the report analysis, ‘Global Oatmeal Market to reach USD 11.7 billion by 2026’ states that the prominent growth in preference for vigorous meals and surge in requirement for the convenience food are the few aspects answerable for growth of the market over the review period. Not only has this, transforming in eating habits of the consumers and great amounts of protein, propelling the growth of this market. Furthermore, establishment of innovative products and several other strategic alliances by several market player will generate a lucrative requirement for this market. For instance, as per corporate news release during March 2020, Nature’s Path Foods, Inc. established first line of Regenerative Organic Certified Instant Oatmeal. The Regenerative organic agriculture is a holistic system that focuses to sequester carbon through a amalgamation of manners involving cover crops, soil maintenance, decreased tillage frequency, implementation of fresh weed control tools, augmented plant diversity, and soil testing. However, accessibility of substitutes such as quinoa, buckwheat, brown rice, and cornflakes is the foremost factor limiting the growth of worldwide Oatmeal market throughout the forecast period. Although, owing to COVID-19 pandemic, the market has facing the deduction in consumption of oatmeal owing to the temporary shutdown of manufacturing and distribution channel around the world.
Additionally, the key players operating in the worldwide oatmeal market are Nature’s Path Foods, Inc., Nestle S.A, Kellogg NA Co., General Mills, Inc., Hamlyn’s Of Scotland, World Finer Foods, Weetabix Ltd., Cargill Inc., and Bagrry’s India Ltd.
The worldwide Oatmeal Market is valued nearly at USD 10.7 billion during 2019 and is anticipated to increase with a healthy growth rate of more than 1.3% over the review period of 2020-2026. Whereas, the regional analysis of worldwide Oatmeal market is considered for the foremost regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. The Asia Pacific is the leading/momentous region across the world owing to the augmented penetration of breakfast cereal products across the Asia-Pacific. However, the Asia-Pacific is also projected to exhibit greatest growth rate / CAGR over the review period of 2020-2026.
Furthermore, the prominent augment in the preference for strong meals and transforming food habits. Nonetheless, the requirement for convenience food and high nutrition content of oatmeal also booms the market. Though, accessibility of substitute products such as quinoa, buckwheat, brown rice, and cornflakes are projected to limit the growth of this market during the near future. While, the prominent advancement of dissimilar flavored oatmeal and the usage of oatmeal in the cosmetics industry offer effective growth opportunities for the oatmeal market. Therefore, in the coming duration, it is projected that the market of oatmeal will increase around the globe more positively over the inflowing duration.
For More Information, click on the link below:-
Global Oatmeal Market Research Report
Related Report:-
Global Instant Oatmeal Market Status and Future Forecast 2015-2025
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