The oats market size in North America was 1.54 million metric tons in 2023. Forecasted data indicates a progressive increase in market size volume, with values expected to reach 1.55 million metric tons in 2024, 1.56 million metric tons in 2025, 1.58 million metric tons in 2026, 1.59 million metric tons in 2027, and 1.60 million metric tons in 2028. The year-on-year growth rate has been modest but steady, averaging approximately 0.75% over the past two years. The compound annual growth rate (CAGR) over the next five years is expected to be around 0.77%.

Key future trends to watch for in this market include:

Growing consumer interest in plant-based diets, increasing demand for oats as a key ingredient in various products.
Expansion of organic and non-GMO oat offerings.
Development of new oat-based products in the health and wellness category.
Potential impacts of climate change on oat crop yields.