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The worldwide oat seeds industry is expected to grow remarkably in the next several years, driven by expanding use of plant-based diets in the agriculture sector. The dairy sector is also anticipated to present lucrative opportunities for suppliers, considering the wide application of the product in thin film deposition of silicon dioxide films.
Oat seeds are entire grains of oats that have undergone minimal processing to have the outer husk removed. They are also referred to as groats or deshelled oat grains. It consists of the grain's bran, endosperm, and cereal germ. The unbroken portion of the grain, known as groats, is milled to remove the husk. It is very nutrient-dense and high in fiber. It also contains several B vitamins, vitamin E, calcium, potassium, magnesium, and other trace minerals.
According to a research study by Business Research Insights, the global oat seeds market size is projected to rise at a CAGR of 5.5% during 2022-2027. In 2020, the market value stood at USD 87 billion and is expected to reach USD 126.5 million by 2027.
Business Research Insights Presents the Top 5 Prominent Players in the Oat Seeds Industry
1. Advanta Seeds - It is a non-government company that was incorporated in July 2008 and was founded by Vikram Rajnikant Shroff, Manoj Kumar Gupta, and Ramchandra Kaundinya Vinnakota. The company is involved in animal husbandry and agricultural service activities. It is based in Mumbai, India.
2. KWS - KWS stands for Klein Wanzlebener Saatzucht, which means breeding of seeds from Klein Wanzlebener. It is a family-owned company and headquartered in Germany. The company focuses on breeding plants and has activities in around 70 countries. KWS is the fourth-largest seed producer globally on the basis of sales of agricultural crops. The company offers various products like corn, cereals, sugar beet, oil, and protein plants such as catch crops, sorghum, and vegetables.
3. Johnny’s Selected Seeds - It was established by Rob Johnston in 1973 and is headquartered in the U.S. The company uses safe seeds and offers same-day shipping in the U.S. The company offers products such as flower seeds, farm seeds, fruit plants, pasture mixes, and cover crops.
4. Barenbrug- The company was founded in 1904 and incorporated in 1983. It is headquartered in the Netherlands. The company focuses on the development, breeding, and growing of grass seeds. It is a major player of the oat seeds industry.
5. AGF Seeds - The company is a family-owned business founded by Mick Smyth. It is headquartered in Austria. The company is one of the major players in the oat seeds industry. It offers retail and grocery retail products such as forage oats, rye corn, lucerne, pasture seeds, milling oats, clovers, fodder beet, cover crops, tillage radish, and perennial herbs.
Challenges Posed by COVID-19: Availability of Online Platforms to Prosper Market Growth
Globally, the COVID-19 pandemic's consequences are already being felt and the market of oat seeds has been significantly impacted. COVID-19 had a detrimental effect on various markets. Several nations entered a state of lockdown. The abrupt outbreak caused difficulties in many different kinds of enterprises. Numerous constraints caused by the pandemic had a negative effect on various market segments. Government lockdowns caused supply chain disruptions, which affected the food and service industries as well as the farm sector. Due to internet sales and retail channels, the product's demand remained consistent throughout the pandemic.
Upcoming Trends: Steady Adoption of Consuming Groats to Foster Market Growth
It is predicted that a rising trend in groat consumption will boost the expansion of the global market. Consuming groats is becoming more popular as people become aware of its health advantages, including reduction in cardiovascular disorders. They include high levels of antioxidants, including quercetin and rutin, which help prevent heart disease, cancer, and free radical damage. Benefits, including treating general weakness, insomnia, stress, and nerve problems provide market potential. Additionally, gluten-free grains that are high in vitamins, minerals, antioxidants, and fiber, as well as plant-based diets, are surging demand. Due to urbanization and an educated population, there is a growing tendency toward eating high-quality foods, which has resulted in the creation of novel food products.