Oat Based Snacks Market Segmented By application such as Foodservice Industry and Retail / Household having Business to Business and Business to Consumer districution channel
Industry: Food and Beverages
Format: PPT*, PDF, EXCEL
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Report Type: Ongoing
Report ID: PMRREP32477
Oat based snacks market is one of the fastest-growing markets in the global market, as the number of health-conscious consumers increased. Oat is low glycaemic food (low GI), contains good fibers like β-glucan and cereal. Due to full of nutrients like carbohydrates, vitamins, minerals, fiber, and antioxidants oat based snacks are healthy and nutritious.
Oat based snacks can be a cure for consumers who have a problem of heart as it reduces the chances of cholesterol. Oat based snacks provide antioxidants and improve insulin in the body system.
Increasing preference for organic and natural plant based food product among health-conscious consumers and the rising popularity of organic oat based snacks across the world due to increasing awareness about several benefits of organic oat based snacks. These are primary factors driving the revenue growth of the organic segment among the product category segment.
Busy lifestyle + inclination towards consumption of healthy food are the drivers of oat based snacks because ready-to-eat snacks are available in the market. Oat based snacks are nutritious and healthy snacks can be made easily with less consumption time. On the go snacks like breakfast bars, energy bars like granola bars are the most effective oat based snacks for youths.
Consumers have started adopting products having additional benefits related to health and wellbeing. Cholesterol, respiratory diseases, coronary artery disease, colorectal cancer, blood pressure, digestion, obesity these which are some major health diseases in the world. Oat contains a good number of high fibers compare to any other grains such as β-glucan and cereal fiber which are very useful to reduce the risk of chronic disease.
Oat based snacks can be a better option for the person having the problem of low blood sugar because oat based snacks improve the insulin response in the body. Oat based snack products are the good source for metabolism, diabetes, healthy weight loss, reducing the risk of cardiovascular diseases. Consumers should adopt the oat based snacks as it provides magnesium, iron, phosphorus, zinc, folate, copper, vitamins B-1 and B-5 which are necessary for the good health.
The increased awareness regarding health and wellness among the consumers has increased the sales for high nutritional content and functional food products. Oat based snacks are one of the most attention gained products because of their high dietary fibres. Oat based snacks are one of the suitable functional food product because it provides the hundreds of nutrition and vitamins.
People are busy in their working lifestyle, oat based snacks made situation convenient for them because by consuming oat based snacks they can get good fibers, vitamins, etc. Manufacturers working in functional food products provide good quality, texture, taste, colour, aroma which attracts the consumers towards products.
Oat has wide application in the bakery industry to make oat based bread and other baked products. There are many limitations to making bread from the oat because oat based proteins cannot form gluten so, oats cannot be used in yeast-raised bread.
By improving research we can improve the performance of the oat based ingredients. Many manufacturers are trying to identify the latest market trends, the necessity of the consumers to reach out to the demand of oat based snack products.
People are following a vegan trend, owning the vegan trend people started demanding plant based and vegetarian food products which are full of nutrition, good fibers, gluten-free products that provide them more health benefits. As oat based snacks products are gluten free and increased demand for gluten free products creates challenges for the key players in the global oat based market.
Based on end use, the global oat based snacks market has been segmented as:
Based on application, the global oat based snacks market has been segmented as:
Based on the Distribution channel, the spice extract market is segmented as:
Based on region, the global oat based snacks market has been segmented as:
The key players operating in the global global oat based snacks market are
The key players operating in the oat based snacks product market are focusing on providing high-quality ingredients to players in the food and beverage industry, food service industry, and household/retail. The players are increasingly offering clean label ingredients with the increasing demand from the consumer for certified clean label food products. Key players are trying to give gluten free products to meet the demand for vegan and gluten free products.
Oat based snack products are one of the best health products in the global market. Oat based has many health benefits like oat based snack products are healthier for coronary artery disease, Colorectal cancer, Blood pressure, Digestion, and obesity, etc.
Thus, Key players can work upon the strategy of health benefits of the oat based snacks. To fulfil the demand of vegan trend key player provides oat based snacks products which having good quality, texture, taste most important gluten free products to the vegan consumers
For the oat based snacks, the European market is driven by the increasing demand from the countries like countries like France, UK, and Germany. Increasing demand for organic, plant based and healthier products. Also increment in vegan consumers is accelerated the market demand in the European market. The newly launched food products in the European market have agenda to declare that food is vegan and it is been ensured that it meets vegan standards.
In the Asia Pacific region oat based snacks market is driven by increased per capita income of the consumers. The rising health conscious consumers in Indonesia, India, china, Japan is the reason for significant growth in the region. Increasing health problems due to the consumption of synthesized products has changed consumer perception towards plant based, organic, and healthy oat based snack products which is one of the main reasons to increase the demand of oat based product demand. owing to the rising demand due to increasing consumer awareness of health concerns, Increasing demand for low-fat, gluten free, and organic oat based products has increased the demand due to these factors consumption of oat based products is increased compared to production.
Due to COVID-19 pandemic the countries had to impose lockdown and to imply new rules across the globe like strict social distance distancing and others. Pandemic has flattered the global economic curve. COVID 19 pandemic as a result has disturbed almost every industries and market. Oat based snacks market has also been affected largely.
Due to covid-19 pandemic, There were many factors started affecting market such as increasing the demand, decreasing supply, less number of labors, equilibrium across multiple industries. Pandemic was the reason for global level plant shutdown in Europe, Asia and North America in the second quarter of 2020. Since oat based snacks are healthy products, the demand for healthy products was high in the pandemic situation.
The market of oat based snacks was affected very badly but it recovers fast compare to the other industries because food is the main necessity for all people. However. Consistently oat based snacks products market is flourishing across all the regions with high growth rates. Keeping in mind that PLI schemes and the COVID packages case being declared by the different government so the recovery is also expected quickly.
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company.
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