Oat Milk

©Oatly
Stock market

Oatly Shares Rise as Revenue Jumps 13.9% & Company Secures $425M

Oatly shares have seen a boost following the publication of the company’s fourth-quarter and full-year financial results for 2022. Q4 revenues reached $211.7 million, an increase of 13.9%. This followed an increase in sales volumes in China after the easing of lockdown restrictions, along with price rises across the company’s product range. Oatly expects further revenue growth of 23-28% in 2023. The company reported a $347.4 million loss in EBITDA last year, but expects to achieve a positive adjusted EBITDA by 2024. Following the publication of the results, Oatly shares jumped 11.2% to $2.27, taking the total increase so far this year to 13%. However, share prices remain considerably lower than they were following the company’s IPO in 2021. “Firmer footing” Oatly’s outlook has further …

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Organisations and Brands:
Dancing Cow

© Dancing Cow
Milk- and Dairy Alternatives

India’s Dancing Cow Launches Oat & Millet Milk, Will Rescue a Cow for Each 10,000L Sold

Dancing Cow is a newly-launched Indian plant milk producer on a mission to save cows and the planet. The brand’s first product, Oatish, is made from a combination of oats, millet, and mung beans. For each 10,000 litres of Oatish sold, Dancing Cow will rescue a cow from the dairy industry, allowing the animals to live out the remainder of their lives in the company’s own farm sanctuary. Additionally, three trees will be planted for each 100 litres sold, and 5% of profits will be donated to an NGO. Oatish is available in two varieties — Extra Creamy and Rich Chocolate. The shelf-stable milk alternatives will keep for 9-12 months without refrigeration; this is important because cold chain storage and transportation are prohibitively expensive in …

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Organisations and Brands:
Reese's Vegan Milk Chocolate

©The Hershey Company
Products & Launches

Hershey’s to Launch Dairy-Free Hershey’s and Reese’s Peanut Butter Cups Across US

Today, legendary chocolatier The Hershey Company announces it is introducing two new milk chocolate alternatives: Hershey’s Plant-Based Extra Creamy with Almonds and Reese’s Plant Based Peanut Butter Cups. Both products will be launching nationwide in the US this spring. Described as a “melt in your mouth” treat experience, the confections feature milk chocolate made with dairy alternatives like oat milk. According to Hershey’s, the new plant-based offerings add to its selection of diverse and better-for-you snacking options.  “Meeting changing needs” In 2021, the company launched its first-ever vegan chocolate bar –  Hershey’s Oat Made – in Classic Dark and Extra Creamy Almond & Sea Salt. The chocolate was released for a limited time at US Target stores and other select retailers.  The famed chocolate manufacturer, which …

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Organisations and Brands:
Oat milk powder

© MIGHTY
Milk- and Dairy Alternatives

Oat Milk Powders Have Arrived, Making Plant Milk Even More Sustainable

Two UK brands — MIGHTY and Overherd — are set to launch oat milk powders in a bid to make plant-based milks even better for the environment. While oat milk already consumes fewer resources than dairy — and generates far fewer emissions — it typically consists of around 90% water. Some argue that this makes preprepared oat milk inefficient, with the cartons unnecessarily heavy and bulky to transport. Producers of powdered oat milk argue that their products will benefit retailers and customers as well as the environment, increasing basket value and improving product availability. The powder also has a much longer shelf life than liquid oat milk, and could work out cheaper. For those who only use plant milks occasionally — including consumers and businesses …

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Organisations and Brands:
Organic Oatmilk

©Califia Farms
Products & Launches

Califia Farms Debuts Line of 3-Ingredient Organic Oatmilk and Almondmilk

Plant-based beverage leader Califia Farms announces it is expanding its popular line of dairy-free products with USDA Certified Organic Oatmilk and Almondmilk.  Now available at Kroger, Whole Foods, Sprouts and other US national retailers, the new Oatmilk and Almondmilk expand the number of Certified Organic dairy-free milk products in US stores.  Made with just three ingredients and no oils or gums, Califia says the products are designed to meet the needs of consumers seeking fewer ingredients at an affordable price point. Described as having a “true homemade taste”, the products can be used for cereal, smoothies, cooking and baking. Additional descriptions: Organic Almondmilk Made from purified water, organic almonds and sea salt USDA certified  Available in refrigerated format in a 48-ounce bottle $5.99 MSRP Califia …

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©Oatly

Company News

Oatly and Ya YA Foods Announce Long-Term Hybrid Partnership to Bolster Oat Milk Production

Oatly Group AB (Nasdaq: OTLY) and Ya YA Foods, one of North America’s largest co-packers, announce a long-term strategic hybrid partnership.  Through the agreement, Oatly will continue to produce its proprietary oat base at both its Ogden, UT and Fort Worth, TX facilities, which will then be transferred to Ya YA Foods to be co-packed into Oatly products on-site at each location. Under the terms, Oatly will retain full ownership and operation of proprietary oat base production lines in each facility, while Ya YA Foods will acquire a majority of the assets, including mixing and filling equipment, and assume the property lease at Oatly’s production facility in Ogden. Ya YA will also assume responsibility for the completion of construction of the production facility and the …

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Oatbox oats

© Oatbox
Investments & Finance

Canada: Oatbox Closes C$7.1M Round to Construct ‘World Class’ Oat Base Manufacturing Facility

Canadian startup Oatbox, which specializes in products made from oats, announces it closed a C$7.1M financing round to finalize the construction of its oat milk base manufacturing facility.  Located in St-Damase, Quebec, the plant will allow Oatbox to develop a wide range of plant-based oat products, including oat milk, as well as partner with companies requiring oat base for their operations. According to Oatbox, whose product line offers granola, oatmeal, overnight oats, and nutrition bars, it has been working for two years to develop its Canadian oat milk. The financial support will be used to finalize the construction of a world-class production line, which Oatbox says far exceeds the needs for its own product line. “This funding is a strong endorsement of our business plan …

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MALK_Organics_Family_Shot_jpg

© MALK Organics
Investments & Finance

MALK Raises $9M in Series B to Become “Cleanest Premium Organic’’ Plant-Based Milk

Plant milk brand MALK Organics reveals it has raised $9M in Series B funding in a round led by investors Benvolio Group and Rotor Capital. The raise brings the company’s total funding to date to $17M. Aiming to become the “cleanest premium organic” dairy-free milk on the market, MALK plans to hire additional executives and increase its marketing spend as it prepares for a new chocolate almond milk and upcoming Publix launch, reports Forbes.  “We are extremely bullish about MALK’s growth prospects, because not only is the product highly differentiated in a growing on-trend category, but the seasoned team in place has delivered exceptional results in 2022 and has a strong plan to accelerate future revenue and achieve profitability,” said Sam Frankfort, Managing Partner of …

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Organisations and Brands:
all-purpose oat milk

© Minor Figures
Milk- and Dairy Alternatives

Minor Figures Launches All-Purpose Oat Milk at Tesco and Morrisons

Best known for its barista milk alternatives, UK brand Minor Figures has expanded its range with two varieties of all-purpose oat milk. While the brand’s barista range is aimed at specialty coffee, the Everyday oat milks are designed to be suitable for all applications, including cereal, hot drinks, and smoothies. Everyday Oat contains no added sugars and is fortified with calcium and vitamins, while Everyday Oat Light is similar but made with less oil to lower its fat content. The range made its debut at 250 Waitrose stores in June, before launching at all Holland & Barrett locations nationwide. Now, the oat milks have launched at 300 Tesco and 400 Morrisons stores, and are expected to be available via Ocado in the near future. “We’re …

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Oat drink green and gold top Modern Milkman

© Modern Milkman
Milk- and Dairy Alternatives

Modern Milkman Offers Zero-Waste Oat Milk Delivered to UK Consumers’ Doors

Modern Milkman is a sustainable grocery delivery service based in the UK, inspired by traditional local milkmen who deliver products in reusable glass bottles. While many of the brand’s products contain dairy, it also offers a plant-based range, including gluten-free oat milk made entirely with British oats. The plant milk is delivered directly to consumers’ doors, packaged in either reusable and returnable glass bottles or home-compostable cartons. Modern Milkman also offers a range of other sustainably packaged options suitable for vegans. These include cold-pressed fruit juices in returnable glass bottles, plastic-free fruit and veg, and vegan brownies in paper bags, among others. “We believe it’s important that everyone can enjoy sustainably sourced and eco-conscious products, no matter their diet or lifestyle,” said Simon Mellin, CEO …

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© Choc Affair
Sweets & Snacks

Choc Affair Launches Oat M!lk Buttons & Hot Chocolate Flakes

Choc Affair, an ethical chocolate brand based in York, UK, has added several new plant-based options to its range. The new products include Oat M!lk Hot Chocolate and Oat M!lk Chocolate Buttons, with the latter available in “milk” and white chocolate varieties. Additionally, the brand has launched dark chocolate versions of both products, which are also suitable for vegans. All five options have been certified by The Vegan Society and are packaged in fully recyclable paper pouches. They are made with single-origin Colombian cocoa, which the brand pays extra for in order to help fund reforestation projects. Choc Affair already offers an extensive range of vegan-friendly chocolates, including Oat M!lk bars in the flavours Classic, Salted Caramel, Lemon & Raspberry, and Orange & Rhubarb. The …

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Miyoko's Oat Milk Butter

©Miyoko's Creamery
Products & Launches

Miyoko’s Launches Cultured Oat Milk Butter into US Walmart Stores Nationwide

Plant-based dairy brand Miyoko’s Creamery announces it has launched its Organic Cultured Oat Milk Butter into US Walmart stores nationwide.  Described as the “world’s finest” cultured oat butter, the product is made from sunflower oil, whole-grain oat milk and coconut oil. According to the brand, the 12 oz. butter offers a convenient and allergen-friendly spread, with no gluten, lactose, soy, cashews or palm oil. The butter is also USDA Certified Organic and made without artificial colors or preservatives.  2022 has been an eventful year for Miyoko’s,  which is currently wrapping up a multi-state food truck tour it launched last month to showcase its range of artisanal cheeses and butter.  New products This spring, the brand debuted its groundbreaking Liquid Vegan Pizza Mozzarella at regional Whole …

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Beyond Moo Kids Oatgurt

©Beyond Moo
Products & Launches

Canada’s Beyond Moo Debuts Single-Serve Oatgurt for Kids

Eat & Beyond Global Holdings Inc., an investment issuer focused on alternative protein, announces Canadian portfolio company Beyond Moo is expanding its product line with a single-serve oatgurt beverage for kids.  Made from 100% Canadian oats, the new oatgurt is a dairy-free, gluten-free yogurt drink that is low in sugar and provides healthy probiotics, calcium and vitamins. Available in cherry and vanilla flavors, the kid’s oatgurt comes packaged in a portable on-the-go format. Beyond Moo sells a full range of non-dairy yogurt, kefir, cream cheese-style spreads and butter. All of its products are made without dairy, gluten, nuts, soy, preservatives or artificial flavors.  Drinkable format “The drinkable format means that it’s easy to toss into kids’ lunchboxes or take on the go,” said Yulia Weber, …

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Organisations and Brands:
Misunderstood Hard Oat Nog

©Misunderstood Whiskey Co.
Products & Launches

Misunderstood Whiskey to Debut ‘America’s First’ Hard Oat Nog for Holiday Season

Whiskey brewer Misunderstood Whiskey will soon debut what it calls America’s first ready-to-drink hard Oat Nog. Set to launch this fall, the limited-release Oat Nog Liqueur will provide a vegan, allergy-friendly alternative to traditional milk- and cream-based eggnog. The Oat Nog Liqueur (14% ABV) features Misunderstood’s Ginger Spiced Whiskey blended with oat milk to provide a light, smooth and creamy taste. According to the brand, the Nog provides a light and flavorful alternative to traditional eggnog, while being free from common allergens such as eggs, lactose, nuts and gluten. “Our goal has always been to change perceptions with products that taste so good they make you think twice about a category,” said Chris Buglisi, co-founder of Misunderstood Whiskey Company. “First, it was bringing together flavored …

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Glebe Farm

Philip Rayner ©Glebe Farm Foods
Interviews

Glebe Farm Foods: “We Have Big Plans to Redefine the UK Plant Milk Market”

Glebe Farm says it has always prided itself on being the only UK company to produce gluten-free oat milk from scratch. Now, the brand is looking to shake up the UK plant milk market by encouraging a shift away from imported products. A recent poll by Glebe found that 34% of consumers don’t know where their oat milk comes from, despite 70% believing it is important to be aware of the origins of food and drink. “THE BIG PLANT MILK CON: Yes we said it…Big oat milk names = big, hefty food miles. When we CAN grow oats in the UK why import from overseas? Support real British farming and legit sustainability.” Glebe Farm on LinkedIn Respondents strongly supported labelling plant milks with their origin, …

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