Oat Fiber Market Worth $3.54 Billion By 2028 | CAGR: 5.5%

Oat Fiber Market Growth & Trends

The global oat fiber market size is expected to reach USD 3.54 billion by 2028, registering a CAGR of 5.5% from 2021 to 2028, according to a new report by Million Insights. The key growth factor driving the market includes the growing inclination of consumers towards dietary fiber-based food products. In addition, the growing product usage in the animal feed sector for healthy nutrition and diets further provides ample growth opportunities to the market. Moreover, the rising consumption of oat grain coupled with trade of oat across the globe is projected to enhance the market growth during the forecast period.

The COVID-19 pandemic had had a positive impact on this market as many healthcare experts advised to consume dietary fibers, such as oat fibers, to boost immunity, which augmented the product demand. However, the market players experienced a slight shortfall in product sales due to restricted production and disturbed supply chains. Despite this overall short slack in market revenue, it is expected to witness healthy growth in the coming years.

The organic product type segment is projected to grow at the fastest CAGR from 2021 to 2028. Organic oat fibers help improve digestion and reduce cholesterol levels. Therefore, the growing inclination of consumers towards organic oat fibers is projected to propel the segment growth. Moreover, the introduction of different organic oat fiber-based food products is further projected to drive the segment over the forecast period.

The report “Oat Fiber Market Size, Share & Trends Analysis Report By Type (Organic, Natural), By Application (Food, Beverages), By Region (Asia Pacific, Europe), And Segment Forecasts, 2021 - 2028” is available now to Million Insights.

Oat Fiber Market Report Highlights

• Among applications, the others segment is estimated to register the fastest CAGR from 2021 to 2028
• This segment includes animal feed and cosmetics. The growing product usage in animal feed as a source of insoluble fiber is one of the major factors driving the segment growth
• Moreover, the growing adoption of companion animals in developed countries further boosts the animal feed industry, which contributes to the product demand
• The rising product demand in the cosmetics industry is projected to drive market growth during the forecast period
• Led by China, Japan, and India, Asia Pacific is estimated to be the fastest-growing regional market from 2021 to 2028
• APAC has become the focus of future growth for various oat fiber companies due to the rising food processing sector coupled with the availability of low-cost labor and inexpensive raw materials
• The projected growth is primarily driven by the increasing product demand in India, China, and Australia

Oat Fiber Market Segmentation

Million Insights has segmented the global oat fiber market on the basis of type, application, and region:

Oat Fiber Type Outlook (Revenue, USD Million, 2017 - 2028)

• Organic
• Natural

Oat Fiber Application Outlook (Revenue, USD Million, 2017 - 2028)

• Food
• Beverages
• Others

Oat Fiber Regional Outlook (Revenue, USD Million, 2017 - 2028)

• North America
  • U.S.
• Europe
  • Germany
  • France
  • U.K.
• Asia Pacific
  • China
  • India
• Central & South America
  • Brazil
• Middle East & Africa
  • South Africa

List of Key Players of Oat Fiber Market

• Dalby Molle A/S
• Grain Millers, Inc.
• Garuda International, Inc.
• Swedish Oat Fiber AB
• Bob’s Red Mill Natural Foods, Inc.
• SunOpta Ingredients, Inc.
• Anthony's Goods
• NuNaturals Ltd.
• Honeyville, Inc.
• Quaker Oats Company