Growing trend of veganism around the globe to expand oats drink market size
This term refers to a type of drink that contains oat bran or component, which is comprised primarily of the edible part of the oats. Oat foods have been consumed for generations. Oat drinks are made from various components, including what is known as oat bran, which is a part of the root of the oats. Oat grain is also what is used to process the bran. Milk is added to what is called "oomere" which is the product that is derived after the processing. Sugar is not included in what is oat drinks but is often used as a sweetener. The growing trend of veganism around the globe due to the increasing demand for healthy and natural food products is driving the growth of the oat drink market. Moreover, the rising demand for plant-based foods and drinks is also fostering the growth of the market. SPINS retail sales data released March 3, 2020, shows that grocery sales of plant-based foods that directly replace animal products grew 29% since 2017, reaching $5 billion in 2019. Shift...