Global Oatmeal market growth 2024, Forecast To 2033

The oatmeal market has experienced steady growth, advancing from $6.51 billion in 2023 to $6.81 billion in 2024, achieving a compound annual growth rate (CAGR) of 4.5%. The growth in the historic period is attributed to heightened awareness about the health benefits of oatmeal, increased demand for convenient foods, rising popularity of plant-based diets, growing preference for breakfast cereals, and changing dietary preferences. The market is expected to witness steady growth, reaching $8.27 billion in 2028, with a CAGR of 5.0%. The anticipated growth is linked to factors such as the rising demand for organic and gluten-free oatmeal, increased awareness about the environmental benefits of oatmeal, expansion of online retail channels and e-commerce platforms, growing international trade, and the increased demand for healthy and nutritious breakfast options. Major trends in the forecast period include the rising demand for innovative oat-based products, regional and ethnic variations, customizable oatmeal options, increased consumer focus on environmentally friendly packaging, and the introduction of plant-based and vegan oatmeal products.