Oats Global Market Report 2024, Featuring Key Players Blue Lake Milling, Bob's Red Mill Natural Foods, Bloch & Guggenheimer, The Kellogg Company & Avena Foods - Forecasts to 2028 [Yahoo! F...
Kellanova (K)
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Source: Yahoo! Finance
The oats market size has grown strongly in recent years, from $7.15 billion in 2023 to $7.7 billion in 2024 at a compound annual growth rate (CAGR) of 7.7%. The expansion observed in the historical period can be ascribed to shifts in dietary preferences, heightened awareness regarding health benefits, a growing demand for healthier and more convenient breakfast choices, impactful marketing campaigns and branding initiatives aimed at creating awareness, and the appeal of convenient and time-efficient options. The oats market size is expected to see strong growth in the next few years. It will grow to $10.9 billion in 2028 at a compound annual growth rate (CAGR) of 9.1%. The projected growth in the forecast period can be credited to the rising demand for products based on oats, an increasing preference for quick, convenient, and healthy breakfast alternatives, evolving consumer preferences and lifestyles, the expansion of online retail channels and e-commerce platforms, and a growing
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Sec Filings
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