Global Oat-based Snacks Market Size To Worth USD 35.38 Billion By 2033 | CAGR of 4.68%

Global Oat-based Snacks Market Size To Worth USD 35.38 Billion By 2033

According to a research report published by Spherical Insights & Consulting, the Global Oat-based Snacks Market Size is Estimated to Grow from USD 22.40 Billion in 2023 to USD 35.38 Billion by 2033, Growing at a CAGR of 4.68% during the forecast period 2023-2033.

Browse key industry insights spread across 220 pages with 108 Market data tables and figures & charts from the report on the " Global Oat-based Snacks Market Size, Share, and COVID-19 Impact Analysis, By Product (Oat-based Bakery and Bars, Oat-based Savory, and Others), By Distribution Channel (Online and Offline), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here:  https://www.sphericalinsights.com/reports/oat-based-snacks-market

The global oat-based snack industry is the market for snacks made from oats, such as cookies, crackers, bars, and puffs. Growing awareness of healthy eating habits and changing food tastes are the main drivers of growth. Since their high levels of carbohydrates, minerals, vitamins, and antioxidants, oats make a highly nutritious snack. Demand is anticipated to rise as a result. The need for nutritious snacks has also grown as plant-based diets and veganism have gained popularity. Organic, wholegrain, and multigrain snacks are popular choices among consumers. In addition to their low production costs and ability to meet customer demand, oat-based snacks have become increasingly popular worldwide. However, market growth is expected to be impeded by the possibility of contamination and the availability of substitutes.

The oat-based bakery segment held the largest share of 70.23% in 2023 and is estimated to grow at a CAGR of 3.78% throughout the projection period.

Based on the product, the global oat-based snacks market is categorized into oat-based bakery and bars, oat-based savory, and others. Among these, the oat-based bakery and bars segment held the largest share of 70.23% in 2023 and is estimated to grow at a CAGR of 3.78% throughout the projection period. Oat-based baked foods and bars have gained popularity due to their numerous applications, convenience, and health benefits.

The offline segment accounted for the largest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period.

Based on the distribution channel, the global oat-based snacks market is divided into online and offline. Among these, the offline segment accounted for the largest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period. Traditional brick-and-mortar merchants including supermarkets, hypermarkets, and specialist health food stores continue to buy the majority of oat-based snacks. Consumers can see, touch, and evaluate products in-store before buying them, which is especially important for food products.  

Europe is expected to hold the largest share of the global oat-based snacks market through the forecast period.

Europe is expected to hold the largest share of the global oat-based snacks market through the forecast period. Europe has a long history of consuming oat-based products, which has helped to make oat-based snacks popular and generally accepted. Since these snacks are regarded as wholesome and nutritious, demand for them has grown as a result of the region's emphasis on nutrition and good eating.

Asia Pacific is predicted to grow at the fastest CAGR of the global oat-based snacks market over the forecast period. Owing to their well-known nutritional worth, oats are increasingly frequently seen in a wide range of snack products as the region experiences a trend toward healthier eating habits. Oat-based baked goods and bars are gaining popularity as healthier alternatives to traditional snacking.  

Major key players in the global oat-based snacks market include Nairn's Oatcakes Limited, Seamild Food Group, Mondelez International, Pamela's Products, Abbott, General Mills Inc., Britannia Industries, WK Kellogg Co, Bobo's Oat Bars, The Quaker Oats Company, Diamond Foods, PepsiCo, Campbell Soup Company, Nestle, and Others.

Recent Developments

• In July 2024, the Masala Oats+ Dal Shakti, the newest product from Tata Soulfull, masterfully mixes the popular Mast Masala flavor with the nutritional benefits of Moong dal. This creative snack, which takes only four minutes to prepare, appeals to consumers who are looking for convenient, healthful options. Tata Soulfull's Masala Oats Plus collection, which is well-known for its non-sticky texture and 25% millet content, creatively combines traditional ingredients to create a wholesome and culturally significant evening snack that perfectly captures the spirit of Indian cooking.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global oat-based snacks market based on the below-mentioned segments:

Global Oat-based Snacks Market, By Product

• Oat-based Bakery and Bars
• Oat-based Savory
• Others

Global Oat-based Snacks Market, By Distribution Channel

• Online
• Offline

Global Oat-based Snacks Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa