Newly Public Oatly Eyes Plant-Based Cheese as the Next Frontier
- Maker of oat milk to begin trading after pricing offering
- Imitation cheeses aren’t as popular as nondairy milks
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The company that made oat milk a phenomenon is eyeing vegan cheese as a new frontier for expansion in the booming market for plant-based foods.
Oatly Group AB is making “good progress” on developing a faux cheese product, according to Chief Executive Officer Toni Petersson. It’s considering creating a lineup of different oat-based cheeses in the long term, with types tailored for local markets.