According to the latest report by IMARC Group, titled, “Australia Oat Milk Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028" The study provides a detailed analysis of the industry, including the Australia oat milk market share, size, trends, and growth forecasts. Report Highlights:
How big is the Australia oat milk market?
Report Attributes | Details |
Market Size in 2022 | AUD 123.6 Million |
Market Forecast in 2028 | AUD 625.2 Million |
Growth rate (2023 to 2028) | CAGR of 24.10% |
Base Year of the Analysis | 2022 |
Forecast Period | 2023-2028 |
What is Australia oat milk?
Oat milk represents a plant-based beverage that is obtained from liquified oats and serves as a lactose-free and vegan-friendly alternative to dairy milk. It is usually characterized by a rich, creamy texture and neutral taste. Oat milk is an excellent source of essential nutrients, such as potassium, folate, iron, calcium, manganese, zinc, thiamine, magnesium, vitamin D, etc. It aids in regulating blood cholesterol levels, strengthening bones, maintaining heart health, etc. Oat milk is widely utilized to prepare several drinks, including milkshakes, smoothies, tea, coffee, health drinks, etc. It is also used in the production of bakery goods, including muffins, cakes, cupcakes, chocolates, etc. Consequently, oat milk is gaining extensive traction among health-conscious consumers across Australia. Get a PDF Sample for more detailed market insights: https://www.imarcgroup.com/australia-oat-milk-market/requestsampleWhat are the growth prospects and trends in the Australia oat milk industry?
The increasing consumer awareness towards animal welfare and cruelty is propelling the demand for plant-based diets, which is primarily driving the Australia oat milk market. Additionally, the widespread adoption of aggressive promotional activities by celebrities and athletes to promote the usage of vegetarian products for a healthy lifestyle is further bolstering the market growth. Besides this, the development of oat milk in numerous innovative flavors, including vanilla, coffee, hazelnut, mocha, chocolate, strawberry, berry, banana, coconut, etc., is acting as another significant growth-inducing factor. Moreover, it is easily available via online retail platforms and offline distribution channels, which is catalyzing the market growth across the country. Apart from this, the rising number of cafes offering oat milk-based drinks is also stimulating the market growth. Furthermore, the expanding vegan and lactose-intolerant population is anticipated to fuel the Australia oat milk market over the forecasted period.What is included in market segmentation?
The report has segmented the market into the following categories: Source Insights:- Conventional
- Organic
- Plain
- Flavored
- Carton
- Bottle
- Can
- New South Wales
- Victoria
- Queensland
- Western Australia
- South Australia
- Tasmania
- Others
Who are the key players operating in the industry?
The report covers the major market players including:- Califia Farms AU (Califia Farms, LLC)
- Chobani Australia Pty Ltd. (Chobani, LLC)
- Inside Out Nutritious Goods Pty Ltd.
- Minor Figures AU (Minor Figures Limited), Noumi Limited, Oatly AB (Cereal Base Ceba AB)
- PureHarvest, Sanitarium
- Uncle Tobys (Nestlé)
- Vitasoy Australia (Vitasoy International Holdings Limited)
- Wide Open Agriculture, etc.