On August 16, 2021, Oatly Group AB announced that it forecast full-year revenue ahead of analysts' estimates, helped by solid demand for vegan milk alternatives from increasingly health-conscious consumers. The Company stated that it expects annual revenue to rise at least 64% to $690 million, compared with analysts' estimates of $681.4 million. The Company added that it has reported a 53.3% increase in quarterly revenue to $146.2 million, below estimates of $147.2 million.