Global Oat Based Snacks Market Outlook
Revenue, 2024
Forecast, 2034
CAGR, 2024 - 2034
Snacks made from oats are gaining popularity for their high fiber content and cholesterol lowering properties in forms such as oat bars and crispy chips that come in sweet and savory flavors to suit different taste preferences for healthy snacking options, without the guilt.
Market Key Insights
- The Oat Based Snacks market is projected to grow from $21.6 billion in 2024 to $34.4 billion in 2034. This represents a CAGR of 4.8%, reflecting rising demand across Healthy Snacking Option, Sports Nutrition and On-The-Go Breakfast.
- The market leaders General Mills Inc, PepsiCo Inc and Mondelez International Inc drive the competitive dynamics of this industry.
- U.S. and Canada are the top markets within the Oat Based Snacks market and are expected to observe the growth CAGR of 3.4% to 4.4% between 2024 and 2030.
- Emerging markets including India, Brazil and Indonesia are expected to observe highest growth with CAGR ranging between 5.3% to 6.7%.
- The Oat Based Snacks market will experience $1.7 billion in additional growth through 2030 because of the transition toward healthier snack options.
- The Oat Based Snacks market is set to add $12.9 billion between 2024 and 2034, with manufacturer targeting Offline Retail & undefined Distribution Channel projected to gain a larger market share.
- With Health conscious consumer shift, and Expanding vegan population, Oat Based Snacks market to expand 60% between 2024 and 2034.
Opportunities in the Oat Based Snacks
People who care about their health are more and more drawn to superfoods because of their nutritional benefits. These nutrient packed foods such as chia seeds, flax seeds and quinoa can help expand the customer base for oat based snack recipes, among those seeking nutritious options
Growth Opportunities in North America and Europe
North America Outlook
Europe Outlook
Market Dynamics and Supply Chain
Driver: Health Conscious Consumer Shift, and Innovation in Snacking Choices
The increase in the number of vegans has also played a key role in the expansion of the market for oat based snacks as well. Oats are also favored by vegans because of their rich protein content and versatility, in various product recipes.
Restraint: High Production Cost
Opportunity: Savory Snacking and Gluten-Free and Vegan Variants
The increasing popularity of gluten vegan options is driving growth in the market for oat based snacks industry promisingly. Thanks, to growing consciousness and the desire to meet dietary needs its beneficial to offer gluten free and vegan oat based snacks to capture the attention of these specialized customer groups.
Challenge: Consumer Perception and Dietary Restrictions
Supply Chain Landscape
General Mills
Post Holdings
Richardson International
Grain Millers
Mondelez International
PepsiCo
Walmart
Amazon
General Mills
Post Holdings
Richardson International
Grain Millers
Mondelez International
PepsiCo
Walmart
Amazon