Market Size of Oat-Based Snacks Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 4.74 % |
| Fastest Growing Market | North America |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Oat-Based Snacks Market Analysis
The global oat-based snacks market is anticipated to reach a CAGR of 4.74% during the forecast period.
- Oats are healthy butnot very easy to consume as it is. Consumers associate the taste of oats to be blandand they need to be cooked. However, there is considerable consumer awareness about the nutritious properties of oats and hence oat-based snacks can be an easy substitute for porridge owing to the high fiber and antioxidant content.They are a gluten-free whole grain and a great source of important vitamins andminerals too.
- Oats are extremely nutritious and have been made consumption-friendly in the form of numerous products that promoteweight loss, lower blood sugar levels and reduced risks of heart disease. Thus, the multiple health benefits offered by oats are so far expected to drivethe market of oat-based snacks.
- Owing to the growing demand, the snack bar product type segment is forecastedto account for the maximumrevenue share in the global oat-based snackmarket in 2018.
