"Competitive Analysis of Oats Market: Key Players, Strategies, and Trends"
According to an analysis by Data Bridge Market Research, the
worldwide market for oats is anticipated to reach USD 7,231.43 million
by 2029, with a projected compound annual growth rate (CAGR) of 4.73%
during the forecast period of 2022 to 2029. One of the major factors that is
expected to fuel market growth is the changing consumer preferences and
lifestyles, which has led to an increased demand for healthier ingredients and
products.
Market Insights and Scope
Oats are a type of cereal grain that is cultivated for its
seeds, which are processed into various forms for human consumption. These
seeds are also used as animal feed without any additional processing. Oats are
commonly used in breakfast cereals and have several potential health benefits.
The demand for oats has increased worldwide due to rapid
urbanization and the consumption of unhealthy foods that have led to various
health conditions. The market for oats is growing due to a shift towards
healthier lifestyles. Oats have high nutritional value, including protein,
minerals, dietary fiber, vitamins, and carbohydrates. They also contain
antioxidants that protect against chronic diseases such as diabetes,
cardiovascular disease, and cancer. The growing awareness among consumers about
the benefits of consuming oats is driving market growth.
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