Oatly Group AB American Depositary Shares - OTLY STOCK NEWS

Oatly Group AB (Nasdaq: OTLY) has partnered with Swiss International Air Lines (SWISS) to offer Oatly Caffè Latte on all flights, marking Oatly's first collaboration with a global airline. This beverage, made with organic oat drink and Fairtrade organic coffee extract, is suitable for various dietary preferences including vegan, dairy-free, soy-free, and nut-free.

SWISS aims to enhance its beverage options with this addition, catering to an increasing demand for plant-based products. Oatly’s General Manager, Helge Weitz, emphasizes the collaboration as a significant milestone in promoting plant-based alternatives to a vast number of passengers, aligning with Oatly's mission to facilitate easier transitions to plant-based diets.

On April 25, 2023, leaders in food innovation gathered in Washington, D.C. to advocate for agricultural, climate, and biotechnology priorities in the U.S. The event, organized by various plant-based and cellular agriculture companies including Oatly, sought to raise awareness for sustainable food production and highlight the importance of U.S. leadership in this sector. Key figures like Bruce Friedrich from the Good Food Institute emphasized the potential of alternative proteins and the need for regulatory support to enhance job creation and economic growth. The event also focused on the upcoming 2023 Farm Bill as an opportunity to bolster U.S. food infrastructure and encourage innovation in food technologies.

Portland Flea, a vintage market in Portland, will launch its 2023 season on April 29. This year, the market will take place twice monthly on the last full weekend of each month from April to October. The events will be held in two locations: the Nova building lot in Southeast and the Ecotrust building in Northwest Portland. The founder, Kate Sullivan, expressed excitement about expanding the market to the west side. Additionally, a partnership with OnPoint Community Credit Union will offer $10 vouchers for the first 50 OnPoint members at select markets. Food vendors and local businesses will also participate, enhancing the experience for attendees. The market aims to foster community engagement and support local vendors.

The ice cream market is projected to grow by USD 26,308.74 million from 2022 to 2027, with a CAGR of 5.93%, as per Technavio's report. This growth reflects the increasing demand for plant-based ice creams and expansion in ice cream parlors. The market is fragmented, featuring key players like Oatly Group AB, Nestle, and Unilever. The impulse segment, which includes ice cream bars and cones, is anticipated to see significant growth, driven by the rising demand for small-portion snacks. North America will contribute 48% to this growth, fueled by new product launches and investments in healthier options. The rising popularity of vegan options is a notable trend, although the challenge of a growing lactose-intolerant population is expected to hinder market expansion.

Storyblok, a leader in content management systems (CMS), partnered with UC Berkeley's Jacobs Institute to host a design challenge exploring the future of digital content. The initiative engaged thirty students through a two-day design sprint, resulting in innovative concepts focused on decentralized content, neural interfaces, and community engagement. Key projects included a decentralized system of content blocks, a neural communication interface, and community robots enhancing personal connections. Dominik Angerer, CEO of Storyblok, expressed excitement about the participants' visions for personalized content. The challenge highlights Storyblok's commitment to evolving digital experiences, attracting notable brands such as Oatly and Adidas.

Oatly Group AB (Nasdaq: OTLY), the leading oat drink company, is set to release its financial results for Q1 2023 on May 9, 2023, before U.S. market opens. The company will host a conference call and webcast at 8:30 a.m. ET the same day to discuss the financial outcomes. Oatly has been focused on oat-based products for over 25 years, capitalizing on oats' sustainability and health benefits. The brand is currently available in more than 20 countries worldwide, with significant advances in the dairy alternative sector.