Oat Fiber Market - Global Industry Insights, Trends and Growth Opportunity Analysis to 2028
The Oat Fiber Market report provides a detailed evaluation of the industry by highlighting information on different aspects which include drivers, restraints, growth opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing. It also provides a detailed analysis of global market size, regional and country-level market size, competitive landscape, impact of domestic market players and value chain optimization. Furthermore, it sheds light on the market contribution, recent developments and successful marketing strategies of leading companies.
Market Insights
The global oat fiber market size is expected to reach USD 3.54 billion by 2028, registering a CAGR of 5.5% from 2021 to 2028, according to a new report by Million Insights. The key growth factor driving the market includes the growing inclination of consumers towards dietary fiber-based food products. In addition, the growing product usage in the animal feed sector for healthy nutrition and diets further provides ample growth opportunities to the market. Moreover, the rising consumption of oat grain coupled with trade of oat across the globe is projected to enhance the market growth during the forecast period.
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The COVID-19 pandemic had had a positive impact on this market as many
healthcare experts advised to consume dietary fibers, such as oat fibers, to
boost immunity, which augmented the product demand. However, the market players
experienced a slight shortfall in product sales due to restricted production
and disturbed supply chains. Despite this overall short slack in market
revenue, it is expected to witness healthy growth in the coming years.
The organic product type segment is projected to grow at the fastest CAGR
from 2021 to 2028. Organic oat fibers help improve digestion and reduce
cholesterol levels. Therefore, the growing inclination of consumers towards
organic oat fibers is projected to propel the segment growth. Moreover, the
introduction of different organic oat fiber-based food products is further
projected to drive the segment over the forecast period.
List of Key Players of Oat Fiber Market
- Dalby Molle A/S
- Grain Millers, Inc.
- Garuda International, Inc.
- Swedish Oat Fiber AB
- Bob’s Red Mill Natural Foods, Inc.
- SunOpta Ingredients, Inc.
- Anthony's Goods
- NuNaturals Ltd.
- Honeyville, Inc.
- Quaker Oats Company
Oat Fiber Market
Report Highlights
- Among
applications, the others segment is estimated to register the fastest CAGR
from 2021 to 2028
- This
segment includes animal feed and cosmetics. The growing product usage in
animal feed as a source of insoluble fiber is one of the major factors
driving the segment growth
- Moreover,
the growing adoption of companion animals in developed countries further
boosts the animal feed industry, which contributes to the product demand
- The
rising product demand in the cosmetics industry is projected to drive
market growth during the forecast period
- Led by China,
Japan, and India, Asia Pacific is estimated to be the fastest-growing
regional market from 2021 to 2028
- APAC
has become the focus of future growth for various oat fiber companies due
to the rising food processing sector coupled with the availability of
low-cost labor and inexpensive raw materials
- The projected growth is primarily driven by the increasing product demand in India, China, and Australia
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Oat Fiber Regional Outlook (Revenue, USD
Million, 2017 - 2028)
·
North America
·
U.S.
·
Europe
·
Germany
·
France
·
U.K.
·
Asia Pacific
·
China
·
India
·
Central & South America
·
Brazil
·
Middle East & Africa
·
South Africa
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