Home Business Oat milk, once a niche product, is going big: Oatly to raise $1.4 billion in IPO

Oat milk, once a niche product, is going big: Oatly to raise $1.4 billion in IPO

by staff

Like the flexitarians who have fueled the rise of plant-based meat — and the successful 2019 IPO of Beyond Meat — Oatly says more and more consumers are trying its oat-based drinks, yogurt and ice cream a try. In the last three months, between 35% to 40% of adults in the U.S., the United Kingdom, Germany, China and Sweden purchased plant-based milk, Oatly said.

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