The Asia Pacific Oat Milk Market is expected to witness market growth of 14.6% CAGR during the forecast period (2024-2031). In the year 2022, the Asia Pacific market's volume surged to 140.16 kilo tonnes, showcasing a growth of 14.2% (2020-2023).
Plain oat milk, without any added flavoring, is the most versatile and widely used product in the market. Its naturally creamy texture and mild flavor make it a popular choice for adding to coffee, cereal, and recipes, as it does not overpower other ingredients. Plain oat milk is often fortified with vitamins and minerals, such as calcium and vitamin D, to provide similar nutritional benefits to dairy milk. Hence, in China, 58.19 kilo tonnes of plain oat milk is expected to be utilized by the year 2031.
The China market dominated the Asia Pacific Oat Milk Market by Country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $493.8 million by 2031. The Japan market is registering a CAGR of 14% during 2024-2031. Additionally, the India market is expected to obtain a CAGR of 15.7% during 2024-2031.
The environmental impact of dairy farming, including high water usage and methane emissions, has led eco-conscious consumers to adopt oat milk as a sustainable alternative. The perception of oat milk as a more environmentally friendly option is driving its adoption. Brands promoting oat milk's lower carbon footprint than traditional dairy milk resonate with consumers who prioritize sustainability in their purchasing decisions.
In addition, the introduction of flavoured oat milk varieties (e.g., chocolate, vanilla, and seasonal flavours) has attracted consumers looking for variety in their dairy alternatives, encouraging trial and repeat purchases. Oat milk products enriched with vitamins and minerals, such as calcium and vitamin D, have gained popularity, particularly among health-conscious consumers seeking to enhance their nutritional intake.
The rising awareness of health and wellness issues among Australians propels the market forward. As individuals become more informed about the health risks associated with excessive red meat consumption and the benefits of a plant-based diet, they seek healthier alternatives. Oat milk, rich in vitamins, minerals, and fiber, is an appealing option for those looking to improve their dietary habits. A growing number of oat milk brands are entering the market, each offering a unique product that caters to a wide range of flavours and preferences, indicative of this health-focused trend. Hence, rising veganism and increasing regional disposable income drive the market's growth.
Plain oat milk, without any added flavoring, is the most versatile and widely used product in the market. Its naturally creamy texture and mild flavor make it a popular choice for adding to coffee, cereal, and recipes, as it does not overpower other ingredients. Plain oat milk is often fortified with vitamins and minerals, such as calcium and vitamin D, to provide similar nutritional benefits to dairy milk. Hence, in China, 58.19 kilo tonnes of plain oat milk is expected to be utilized by the year 2031.
The China market dominated the Asia Pacific Oat Milk Market by Country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $493.8 million by 2031. The Japan market is registering a CAGR of 14% during 2024-2031. Additionally, the India market is expected to obtain a CAGR of 15.7% during 2024-2031.
The environmental impact of dairy farming, including high water usage and methane emissions, has led eco-conscious consumers to adopt oat milk as a sustainable alternative. The perception of oat milk as a more environmentally friendly option is driving its adoption. Brands promoting oat milk's lower carbon footprint than traditional dairy milk resonate with consumers who prioritize sustainability in their purchasing decisions.
In addition, the introduction of flavoured oat milk varieties (e.g., chocolate, vanilla, and seasonal flavours) has attracted consumers looking for variety in their dairy alternatives, encouraging trial and repeat purchases. Oat milk products enriched with vitamins and minerals, such as calcium and vitamin D, have gained popularity, particularly among health-conscious consumers seeking to enhance their nutritional intake.
The rising awareness of health and wellness issues among Australians propels the market forward. As individuals become more informed about the health risks associated with excessive red meat consumption and the benefits of a plant-based diet, they seek healthier alternatives. Oat milk, rich in vitamins, minerals, and fiber, is an appealing option for those looking to improve their dietary habits. A growing number of oat milk brands are entering the market, each offering a unique product that caters to a wide range of flavours and preferences, indicative of this health-focused trend. Hence, rising veganism and increasing regional disposable income drive the market's growth.
List of Key Companies Profiled
- The Hain Celestial Group, Inc.
- PepsiCo, Inc.
- Danone S.A.
- Campbell Soup Company
- Califia Farms LLC
- Rise Brewing Co.
- Thrive Foods
- The Coca Cola Company
- HP Hood LLC
- Chobani LLC
Market Report Segmentation
By Source (Volume, Kilo Tonnes, USD Billion, 2020-2031)
- Conventional
- Organic
By Product (Volume, Kilo Tonnes, USD Billion, 2020-2031)
- Plain
- Flavored
By Distribution Channel (Volume, Kilo Tonnes, USD Billion, 2020-2031)
- Supermarket & Hypermarket
- Convenience Stores
- Online Retail
- Other Distribution Channels
By Packaging (Volume, Kilo Tonnes, USD Billion, 2020-2031)
- Cartons
- Bottle
- Other Packaging
By Country (Volume, Kilo Tonnes, USD Billion, 2020-2031)
- China
- Japan
- India
- South Korea
- Australia
- Malaysia
- Rest of Asia Pacific
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Asia Pacific Oat Milk Market by Source
Chapter 5. Asia Pacific Oat Milk Market by Product
Chapter 6. Asia Pacific Oat Milk Market by Distribution Channel
Chapter 7. Asia Pacific Oat Milk Market by Packaging
Chapter 8. Asia Pacific Oat Milk Market by Country
Chapter 9. Company Profiles
Companies Mentioned
- The Hain Celestial Group, Inc.
- PepsiCo, Inc.
- Danone S.A.
- Campbell Soup Company
- Califia Farms LLC
- Rise Brewing Co.
- Thrive Foods
- The Coca Cola Company
- HP Hood LLC
- Chobani LLC
Methodology
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