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Oat Proteins Market Size

Report ID: GMI7590
Published Date: Dec 2023
Report Format: PDF

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Oat Proteins Market Size

Oat Proteins Market size was valued at USD 62.5 million in 2023 and is estimated to expand at 5.4% CAGR from 2024 to 2032. Increasing demand for plant-based protein sources, rising health consciousness, and growing vegan/vegetarian populations propel the market size.

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Oat proteins' nutritional profile, suitability for various dietary needs, and versatility in food and beverage applications drive market growth. Additionally, their hypoallergenic nature and sustainability contribute to rising consumer preference, stimulating market expansion.

Oat Proteins Market Report Attributes
Report Attribute	Details
Base Year:	2023
Oat Proteins Market Size in 2023:	USD 62.5 Million
Forecast Period:	2024 to 2032
Forecast Period 2024 to 2032 CAGR:	5.4%
2032 Value Projection:	USD 100.3 Million
Historical Data for:	2018 – 2023
No. of Pages:	180
Tables, Charts & Figures:	246
Segments covered:	Product, Form, Application Distribution Channel and Region
Growth Drivers:	Growing demand for plant-based protein sources. Increased consumer awareness about health benefits. Expansion of vegan and vegetarian populations.
Pitfalls & Challenges:	Potential limitations in functionality compared to animal-based proteins. Challenges in maintaining consistent quality and supply chain issues.

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One notable pitfall in the oat protein market involves the potential limitations in functionality when compared to animal-based proteins. Oat proteins may face challenges in replicating certain functionalities, impacting their suitability for specific applications within the food and beverage industry.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of oat protein reached USD 62.5 million in 2023 and is set to cross USD 100.3 million by 2032, owing to increasing demand for plant-based protein sources, rising health consciousness, and growing vegan/vegetarian populations.

Protein concentrates segment accounted for USD 40.2 million in 2023, due to their versatility for usage in various applications like beverages, bakery, and snacks.

U.S. market share was worth USD 19 million in 2023, attributed to the increasing consumer preference for healthier, plant-based dietary options.

Tate & Lyle PLC, Cargill, Incorporated, Archer Daniels Midland Company, Roquette Frères, Avebe, Oterra, Axiom Foods, Inc., Glanbia PLC, Givaudan SA, Kerry Group PLC, Emsland Group, Avena Foods Limited, BENEO GmbH, Pure Oats, and Crop Energies AG.