Oatly Group (NASDAQ:OTLY) is a leading producer of plant-based dairy alternatives, specializing in oat-derived products designed to replace traditional milk and cream. The company’s portfolio includes oat drinks, frozen desserts, cooking creams, yogurt-style products and nutritional powders, all formulated to deliver a creamy texture and neutral taste profile. With a focus on taste, sustainability and nutritional value, Oatly caters to health-conscious consumers and those with dietary restrictions such as lactose intolerance or milk allergies.
Founded in the early 1990s by food scientists at Lund University in Sweden, Oatly pioneered the use of oat as a base for dairy substitutes. The company’s patented enzymatic process allows oats to be fractionated and reconstructed into liquid and solid products without the need for excessive additives. Over the years, Oatly has expanded its research and development capabilities, refining its formulas to optimize protein content, sugar levels and mouthfeel, while maintaining a clean-label approach.
Today, Oatly serves markets across Europe, North America and parts of Asia, supplying both retail channels and foodservice operators such as cafés, restaurants and institutional kitchens. The company operates manufacturing facilities in key regions to improve supply chain resilience and reduce transportation-related emissions. Strategic partnerships with major grocers and foodservice distributors have helped Oatly secure shelf space and menu placements in more than 20 countries.
Oatly’s leadership team combines industry veterans with plant-based innovators. CEO Toni Petersson oversees global expansion initiatives, while the company’s founder, Rickard Öste, continues to contribute as a board member and scientific advisor. Emphasizing sustainability, Oatly aims to reduce its carbon footprint through renewable energy use and sustainable sourcing of oats, positioning itself as a high-growth player in the plant-based dairy segment.
