Revenue of Oddlygood Oy 2021-2022
The revenue of Oddlygood Oy increased from 2021 to 2022. In 2022, the revenue of the company reached almost 21.4 million euros.
Oddlygood, a spin-off from Finland's leading dairy company Valio, has been producing plant-based products since 2018. The Nordic-based company has grown into a global brand, offering a diverse range of plant-based items, including oat drinks, cheese alternatives, yogurts, and desserts.
The plant-based food market is growing in Finland
The success of Oddlygood aligns with broader market trends in Finland. Forecasts predict a continuous increase in revenue for the milk substitutes segment, with an estimated growth of 74.97 percent between 2024 and 2029, reaching 66.76 million euros. This trend is mirrored in the yogurt substitutes revenue segment, which is expected to grow by 20.1 percent in the same period. These projections suggest a favorable market environment for companies like Oddlygood, which offers a diverse range of plant-based products including oat drinks, cheese alternatives, and yogurts.
Consumption patterns shift towards plant-based options
The average per capita consumption of milk substitutes in Finland is also on an upward trajectory. Forecasts indicate a continuous increase, with volumes expected to grow by 57.43 percent between 2024 and 2029, reaching 4.69 kilograms per person. Despite its current operating losses, the Oddlygood has expanded its workforce, increasing from 11 to 15 employees in 2022, suggesting confidence in future growth potential driven by these changing consumption patterns.
