Oat Milk Market to Reach $995.3 Mn, Globally, by 2027 at 13.4% CAGR: Allied Market Research
"According to the report, the global oat milk market generated $360.5 million in 2019, and is expected to garner $995.3 million by 2027, growing at a CAGR of 13.4% from 2021 to 2027.
- "According to the report, the global oat milk market generated $360.5 million in 2019, and is expected to garner $995.3 million by 2027, growing at a CAGR of 13.4% from 2021 to 2027.
- Trend of vegan diet, diversity in plant-based beverages, and prevalence of lactose intolerance and milk allergy drive the growth of the global oat milk market.
- However, discrimination against plant milk via labeling and tax regulations restrain the market growth.
- The demand for oat milk increased during the Covid-19 pandemic due to inclination of consumers toward consolidating their immune systems.