The Green Dairy

What The Green Dairy does

The Green Dairy AB is a Sweden-based, B2B private-label manufacturer of plant-based dairy alternatives founded in 2006 (originally as Gröna Mejeriet) and headquartered in Karlshamn with a secondary office in Malmö. The company develops and produces an oat- and fava-bean-based portfolio spanning beverages (Oat Barista, Oat Drink), frozen desserts (Oat Soft Serve, Oat Frozen Dessert) and culinary applications (Oat Cooking, Fava Whipping) for retailers, consumer brands and foodservice operators across more than 30 countries. Its technology stack is centred on plant-based formulation expertise refined over roughly two decades, aseptic filling and packaging capability, Nordic-exclusive oat sourcing with full traceability, and a circular-economy by-product — reOat, an upcycled oat-pulp protein ingredient — that turns an internal side-stream into a sellable input.

Revenue is generated through B2B contract manufacturing under private-label and co-manufacturing arrangements, priced on a quote basis with flexible packaging formats (aseptic cartons, bag-in-box, retail-ready). In 2024 the company reported net sales of approximately $14.8M (137.9M SEK) alongside an EBITDA loss of $7.8M, indicating an active scaling phase rather than a mature margin profile. In December 2025, Ingka Investments (the venture capital arm of IKEA) acquired a majority stake for $8.6M (80M SEK) and became the largest shareholder, providing strategic and capital backing. The company is privately held, employs 51–100 people, and operates BRCGS-, HACCP-, Halal-, Organic-, V-Label- and FDA-registered production with documented water-use reduction (over 500% reduction per litre since 2020) and Nordic-sourced raw materials as core sustainability credentials.

Name

The Green Dairy

Legal name

The Green Dairy AB

Website

https://thegreendairy.com

Company type

Private

Founded year

2006

Operating status

Operating

Headcount range

51–100 employees

Short description

The Green Dairy AB is a Sweden-based B2B private-label manufacturer of oat- and fava-bean-based dairy alternatives — beverages, frozen desserts and culinary products — supplying retailers, brands and foodservice operators across more than 30 countries.

Ownership category

akta.pro rank

Product category

Plant-based dairy alternatives

NAICS

Dairy Product Manufacturing (3115), Ice Cream and Frozen Dessert Manufacturing (311520)

SIC

Dairy Products (2020), Food And Kindred Products (2000), Beverages (2080)

akta.pro primary industry

Plant-Based Milk & Creamer Processing (Oat, Soy, Almond, Coconut, Blends) (AFAHAJAA)

akta.pro secondary industries

Plant-Based Barista & Foodservice Formulations (Foaming/Steaming Milks, Culinary Creams) (AFAHAJAG), Plant-Based Dairy Alternatives Manufacturing (Milk, Yogurt, Cheese, Ice Cream) (AFAKAGAB), Plant-Based Dairy-Alternative Ingredients & Bases Manufacturing (Emulsions, Fat Systems, Protein/Starch Bases for B2B) (AFAHAJAI), Dairy Alternatives (Plant-Based Milk, Yogurt, Creamers) (CRADACAF)

Keywords

• Plant-based dairy
• Private label manufacturing
• Oat-based beverages
• Plant-based desserts
• Fava bean ingredients

Headquarters

HQ city

Karlshamn

HQ country

Sweden

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales

Revenue model

1. Private Label Manufacturing: B2B manufacturing of plant-based dairy alternatives for retailers, brands, and foodservice partners. The company develops and produces oat and fava bean-based products under private label arrangements, providing scalable production, consistent quality, and flexible packaging solutions.
2. Product Sales: Net sales of 137.9 million kronor ($14.8M) reported in 2024 from plant-based dairy product manufacturing and distribution across more than 30 countries

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

The Green Dairy manufactures plant-based dairy alternatives on a private label basis for retailers, consumer brands, and foodservice operators. Its portfolio includes oat-based beverages (Oat Barista, Oat Drink), oat-based frozen desserts (Oat Soft Serve, Oat Frozen Dessert), culinary products (Oat Cooking), and a fava bean-based whipping solution (Fava Whipping), all produced at its Karlshamn facility using Nordic-sourced oats and aseptic packaging technology.

Product overview

The Green Dairy is a Swedish B2B plant-based dairy manufacturer offering a portfolio of oat and fava bean-based dairy alternatives. The product portfolio spans multiple categories: beverages including Oat Barista (professional coffee applications) and Oat Drink (retail/foodservice); frozen desserts including Oat Soft Serve (professional machines) and Oat Frozen Dessert (scoopable retail); culinary products including Oat Cooking (hot kitchen applications) and Fava Whipping (culinary/pastry applications). All products are designed for private label partnerships with retailers, brands, and foodservice operators, supported by scalable manufacturing and certified food safety systems.

Differentiator

Problem solved

Functional benefit

Brands

• reOat: A protein ingredient produced by upcycling oat pulp, developed by The Green Dairy as part of its ingredient innovation.

Products and services

• Oat Barista Professional-grade oat drink engineered for coffee applications, delivering reliable foaming performance, smooth texture, and balanced oat profile for cafés, foodservice, and private label barista ranges.
• Oat Drink Versatile plant-based beverage developed for retail and foodservice, combining smooth texture, dependable quality, and flexibility for scalable private label concepts.
• Oat Soft Serve Plant-based soft serve mix developed for professional soft serve operations, offering smooth texture, reliable machine performance, and stable handling for foodservice and dessert concepts.
• Oat Frozen Dessert Scoopable plant-based frozen dessert base developed for retail and foodservice dessert concepts, offering smooth texture and stable frozen performance.
• Oat Cooking Plant-based cooking cream alternative developed for hot kitchen applications, delivering smooth texture, stable performance, and versatile functionality across sauces, soups, and baked applications.
• Fava Whipping Fava Bean-based whipping solution developed for culinary and pastry applications, providing stable whipping performance, structure retention, and smooth airy texture for professional kitchen and dessert use.
• reOat Protein Ingredient Protein ingredient produced by upcycling oat pulp from plant-based dairy production, developed by The Green Dairy as part of its ingredient innovation and circular economy approach.

Quantifiable outcome

• 10x less land use than dairy production
• +1 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Scale indicators6 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Rude Health: UK plant-based brand producing oat, almond, rice, and coconut-based drinks and foodservice products. Comparable in product platform (plant-based milks), retail positioning (premium private label and branded), and foodservice barista channel overlap.
• Oatly: Swedish oat-based dairy alternative pioneer and the most direct competitor to The Green Dairy's oat platform. Both produce oat-based beverages, frozen desserts, and culinary creamers; Oatly operates more broadly as a branded consumer company but also serves foodservice and private label channels, sharing The Green Dairy's core category, Nordic origin, and product formats.
• Mighty (UK): UK-based plant-based beverage company producing pea-protein-based milks for retail and foodservice. Comparable as a European plant-based milk peer targeting similar retail, barista, and foodservice customers with sustainable plant-based positioning.
• Plenish (Britvic): UK plant-based beverage brand (acquired by Britvic) producing oat, almond, and coconut milks for retail and foodservice. Comparable in product format (plant-based RTD milks), retail and barista channel positioning, and private label flexibility within a larger parent group.
• Sproud: Swedish/Nordic plant-based beverage company producing pea-protein based milks for retail and foodservice. Comparable as a Nordic-headquartered plant-based beverage peer competing for the same retail and barista customers in European and international markets.
• Minor Figures: UK-based oat barista specialist producing plant-based barista milk for cafés and retail. Directly comparable to The Green Dairy's Oat Barista product line in target customer (specialty coffee and foodservice), formulation approach (oat-based), and B2B distribution into coffee chains.
• Arla Jörd: Nordic plant-based dairy brand launched by Arla Foods using oat and pea protein, covering beverages, yogurts, and culinary products. Comparable as a Nordic-headquartered plant-based dairy competitor with multi-format offerings in retail and foodservice, and benefits from Arla's incumbent dairy processing scale.

Broad incumbents

• Califia Farms: US-based plant-based beverage and cream brand serving retail and foodservice with oat, almond, and dairy-free creamers. Comparable as a multi-format plant-based dairy competitor with both branded and foodservice channels overlapping with The Green Dairy's customer base.
• Alpro (Danone): Alpro is the European plant-based dairy market leader owned by Danone, offering oat, soy, almond, and coconut-based beverages, yogurts, desserts, and culinary creams. Comparable to The Green Dairy across the full product spectrum (beverages, frozen desserts, foodservice), but operates at vastly larger scale with established branded and private label positions across European retailers.
• Provamel (Alpro): Plant-based dairy brand within the Alpro/Danone portfolio focused on organic and natural plant-based milks, yogurts, and desserts. Comparable in product range, organic certification emphasis, and European retail private label and branded positioning, but at materially larger scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInse.linkedin.com/company/the-green-dairy-ab

Compliance8 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about The Green Dairy