If you’re looking to get oat prices, try out this CME group rates api in a click!
The Oat’s Market
Oats are a whole grain food scientifically known as Avena sativa. Oat groats, the most intact and complete form of oats, takes a long time to cook. By form, the global oats market is divided into flavored oats and basic oats. By distribution channel, the market is divided into supermarkets/hypermarkets, convenience stores, online channels, and others.
In addition, the study provides an analysis of the oats market in emerging and established markets around the world, including North America, Europe, Asia Pacific, South America, and the Middle East and Africa. Market size and forecasts based on value (in USD million) have been provided for each segment.
Since oats have an inherently bland flavor, there is a lot of scope for consumers to experiment with recipes. However, with the increasing prevalence of flavored oat products, manufacturers are trying to capture a large segment of consumers who are constantly looking for flavor in health-oriented products. In addition, companies are trying to position cereals as snacks or desserts, rather than marketing them solely as breakfast meals, to appeal to more consumers.
Market Overview
The pandemic COVID -19 had a positive impact on the oat market. The sudden change in daily lifestyles, morning routines, and the fact that many people stayed home because they had to adhere to strict house arrest schedules led to an increase in the number of those cooking at home. While consumers increasingly opted for convenient, easy-to-cook foods, “health” remained one of the most sought-after attributes before they bought them.
As a result, demand for healthier breakfast options, including oatmeal, increased since March 2020. In addition, the trend toward stockpiling continued to drive product demand, especially in the second quarter of 2020.
Consumers’ changing lifestyles, including opting for light and healthy meals, are driving demand for oats. The high nutritional content of oats is the key driver of the market. In addition, the Asian oats market is driven by increasing preference for healthy meals and demand for convenience foods.
The additional functional properties of oats are also promoting its use by consumers, and it is observed that it is mainly consumed as a breakfast food. Moreover, the fast-paced lifestyle of the working population has boosted the demand for oats as breakfast cereals.
Try Out a CME Group Rates API:
If you want to query coal prices, it is best to use the Commodities API. This service allows you to retrieve data from 15 sources, including banks and the world’s major financial centers. Its main feature is its impressive speed; in fact, it is so fast that we can get updated data every 60 seconds with an accuracy of 2 decimal places.
In times of economic instability and high volatility, the timeliness of rates helps us save a lot of money. Options include the delivery of exchange rates for almost all commodities, conversion of individual currencies, return of time series data and fluctuation data. As additional information, you can also create charts to analyze the information more easily.
Learning has never been easier, click the following link and get more information about this API:
How To Get Soft Commodities Rates Using An API – TheStartupFounder.com
Also published on Medium.