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Pharmacy benefit management market
OAT SEEDS MARKET REPORT OVERVIEW
The global oat seeds market size was valued at USD 0.09 billion in 2023 and is projected to touch USD 0.15 billion by 2032, exhibiting a CAGR of 5.5% during the forecast period. Asia-Pacific holds leading position in oat seeds market share in 2023.
Oat seeds are whole kernels of grain that have been minimally processed to remove the outer husk. They are also known as de hulled oat grains or groats. It includes cereal germ, endosperm, and bran of the grain. Groats are milled to remove the husk and are the intact part of the grain. They extremely nutritious and dietary fiber. They also contain magnesium, potassium, calcium, several B-vitamins, vitamin E, and various trace minerals. The growing demand for oats groats is due to awareness of the benefits of the product. Changing food habits and preferences for healthy meals is anticipated to increase the demand for the market. Adoption of plant-based diets and various alternatives for food products is expected to drive the demand for the market. Growing trends to consume groats is also anticipated to increase the preference for the product in the future.
COVID-19 Impact: Online Sales to Promote Market Development
The global COVID-19 pandemic has been unprecedented and staggering, with oat seeds experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The spike in CAGR is attributable to the oat seeds market growth and demand returning to pre-pandemic levels once the pandemic is over.
The effects of the COVID-19 pandemic are already being felt on a global level, the global oat seeds market is noticeably influenced. In 2020, COVID-19 has had a negative impact on many markets. Several countries went into lockdown. With the sudden pandemic, all kinds of businesses observed disruptions. With many restrictions in the pandemic, different types of markets were negatively impacted. Disruptions in supply chain activities due to government lockdowns interrupted the food and service industry and agriculture sector. The demand for the product was steady during the pandemic due to online sales and retail channel. The demand was due to healthy and conscious choices consumers made during the lockdown to stay fit and healthy. Supply of seeds, grains, and groats continued during the pandemic.
LATEST TRENDS
"Trends to Consume Groats to Propel Market Development"
Growing trend for the consuming groats is estimated to increase the growth of the global market. The trend to consume groats comes from the awareness about the health benefits such as lowering cardiovascular diseases. They have high level of antioxidants such as quercetin and rutin as they help fight against cancer, free-radical damages, and heart diseases. The opportunity for the market derives from the benefits such as treating general weakness, insomnia, stress, and nervous disorders. The demand is also derived from plant-based diets and gluten free grains that are rich in vitamins, minerals, antioxidants, and fiber. The increased trend to eat high-value foods due to urbanization and educated population that has led to generation of innovative food products.
OAT SEEDS MARKET SEGMENTATION
- By Type
Based on type; the market is divided into common seed and naked oat.
- By Application
Based on the application; the market is divided into farmland, greenhouse, and others.
DRIVING FACTORS
"Adoption of Plant-Based Diets to Increase Market Growth"
The global oat seeds market growth is projected to rise due to rising adoption of plant-based lifestyle. Plant-based foods are free from gluten and provides an opportunity to eat and make food in a sustainable way. They make an feasible and economical alternative to meat-based diets. The adoption is due to growing vegan population and rising number of investments and ventures in plant-based food companies. Groats are gluten-free seeds and are one of the popular seeds that are used as a breakfast cereal or snacks by consumers. The adoption is due to the benefits provided such as vitamins, minerals, antioxidants, and phytochemicals.
"Increase in Health-Conscious Population to Enlarge Demand "
The popularity of such seeds derives from increasing population of health-conscious populace. People have been adopting and making healthy food choices due to the benefits of such food products. Increase in imports and exports has made various types of healthy foods available to the consumers. De mulled oats provides various benefits as they can be included in diets for human consumption. This is anticipated to augment the demand for such seeds.
RESTRAINING FACTORS
"Presence of Alternatives to Hamper Market Growth"
There are a number of factors that can push the growth of the market. Restraining factors such as presence of various alternatives. Lack of awareness about the benefits of de mulled oats over other diet food products. Changing tastes and preferences of the consumers can also affect the demand for the product. Such a factors are expected to reduce the demand for the product in the market.
OAT SEEDS MARKET REGIONAL INSIGHTS
"North America to Dominate Market Due to Rising Health Related Cases "
North America holds the largest part of the global oat seeds market share due to emerging staple in the region. Presence of various market players that can incorporate new flavors and ingredients can have considerable growth rate in the market. The demand is also increasing due to rising obesity and diabetes amongst the population that has led to the demand for healthier options. Increasing imports and production has influenced the growth in the market. The increasing consumption in the U.S. is increasing the demand in the region.
KEY INDUSTRY PLAYERS
"Key Players to Boost Demand Leading to Market Growth"
The report delivers information about the list of market players and their working in the industry. The information is collected and reported with proper research, technological developments, acquisitions, mergers, expanding production lines, and partnerships. Other aspects examined for this market include companies producing and introducing new products, regions they conduct their operations in, automation, technology adoption, generating the most revenue, and making a difference with their products.
LIST OF TOP OAT SEEDS COMPANIES
- Advanta Seeds (UPL) (India)
- KWS (Germany)
- Johnny’s Selected Seeds (U.S.)
- Barenbrug (Netherlands)
- AGF Seeds (Australia)
- West Coast Seeds (Canada)
- Canterra Seeds (Canada)
- RAGT (France)
- Trawin Seeds (Canada)
- DLF (Denmark)
- Greenpatch Organic Seeds (Australia)
- Bayer Crop Science (Germany)
- OSC Seeds (Canada)
- Wise Seed Company (Seedway) (U.S.)
- Pitura Seeds (Canada)
REPORT COVERAGE
This research profiles a report with widespread studies that take into an explanation of the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by examining the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, etc. This analysis is subject to alteration if the key players and probable analysis of market dynamics changes.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 0.09 Billion in 2023 |
Market Size Value By |
US$ 0.15 Billion by 2032 |
Growth Rate |
CAGR of 5.5% from 2023 to 2032 |
Forecast Period |
2024-2032 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered | |
By Types
|
|
By Application
|
Frequently Asked Questions
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How much is the oat seeds market worth?
The global oat seeds market size was valued at USD 0.09 billion in 2023 and is projected to touch USD 0.15 billion by 2032.
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What CAGR is the oat seeds market expected to exhibit by 2032?
The oat seeds market is expected to exhibit a CAGR of 5.5% by 2032.
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Which are the driving factors of the oat seeds market?
Drivers of this oat seeds market are demand from demand from the product among dairy farms and increase in the size of cattle herds.
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Who are the crucial players operating in the oat seeds market?
Advanta Seeds (UPL), KWS, Johnny’s Selected Seeds, Barenbrug, AGF Seeds, West Coast Seeds, Canterra Seeds, RAGT, Trawin Seeds, DLF, Greenpatch Organic Seeds, Bayer Crop Science, OSC Seeds, Wise Seed Company (Seedway), and Pitura Seeds are the key companies operating in the oat seeds market.