Try out a free commodity price api to create charts for oat prices in a click!
The global market for oats is competitive, owing to the presence of large regional and domestic players in different countries, where domestic companies have gained preference over multinationals due to their strong market power.
Emphasis is given on the merger, expansion, acquisition, and partnership of the companies along with new product development as strategic approaches adopted by the leading companies to boost their brand presence among consumers. The global leaders in the oats market include PepsiCo, Inc., The Kelloggs Company, B&G Foods, Nestle SA, General Mills, and others.
Key Market Trends
North America accounts for the largest market share, followed by Europe. Increasing demand for convenience foods coupled with a rise in obesity and diabetes in the region has led to a rise in demand for healthier breakfast options such as oats. In addition, oatmeal has an advantage over other breakfast cereals as one of the best-known foods for weight loss.
Moreover, the high fiber content of oats, known as beta-glucans, helps lower blood sugar levels, making it an excellent choice for diabetics. In 2021, North America remained the region with the second-highest prevalence of diabetes in the world. Approximately 12% of adults had diabetes.
The increasing number of health-conscious consumers in the countries of these regions is influencing the strong growth of the oats market. Another factor fueling the growth of the oats market in the North American region is the increasing import and production of oats, especially in the United States.
Commodities in the World
The futures market is dominated by soft commodities. They are used both by farmers who want to secure prices for future harvests and by speculative investors who want to make a profit. Soft commodity futures are more volatile than other futures due to the uncertainty of weather, infections, and other hazards associated with agriculture.
Weather and seeding reports, for example, can lead to wide price swings for grains and oilseeds and can affect contract values differently depending on delivery dates. Hard commodities are better defined than soft commodities.
Grown commodities are the best way to understand soft commodities. Coffee, chocolate, orange juice, sugar, canola, corn, lumber, wheat, lean hogs, beef cattle and other crops all have a life cycle that ends with harvest. If you want to invest in any of these commodities, you need to use the Commodities API platform, which works through an API.
An API:
First of all, you need to know what an API is. An API is a software intermediary that allows two programs to interact with each other and is called an application programming interface (API). When you use a social network like Facebook or Instagram, send an instant message, or check the weather on your phone, you are using an API.
What Is a Free Commodity Price API?
Commodities-API is a free and open website that uses an API to receive real-time data in a variety of currencies on up to 170 different goods on the market. We suggest it the most since the service receives data from financial institutions every 60 seconds and works with two decimal places of precision.
Read & learn about this commodities prices api by following this link:
Detect Any Change In Commodities Prices With This API – TheStartupFounder.com
Also published on Medium.