Oatly Group, $OTLY Current price: $17 Target price: $22-23 | 🚀 Robin Rocket

Oatly Group, $OTLY

Current price: $17
Target price: $22-23

The Oatly Group is a company specializing in the production of plant-based food and beverage alternatives to dairy products.

The company creates products in the oat milk category, which includes everything from milk, ice cream, yoghurt, cooking creams and more. This is all based on the same patented process.

Currently, Oatly is sold in over 20 countries, 60,000 retail stores and 32,200 stores worldwide, including partnerships with franchises such as Starbucks Inc.

Oatly's sales have grown 86% per year since 2018, including strong growth in the Asia and America region.

In recent years, the oat category has been gaining market share compared to other dairy alternatives such as soy and almond milk.

The market predicts revenue this year will reach $682 million and will grow by an average of 50% per year until 2025.

Not an investment recommendation.