Finnish Dairy Factory Secures $11.8 Million for Production of Non-Dairy Milk Products
In the ever-evolving landscape of sustainable industries, one Finnish company is making a significant impact: Finnish Food Factory. The company, known for its expertise in plant-based products, has been experiencing sustained growth, with a turnover increase from €1.2M in 2020 to a impressive €13.5M in 2024.
Chair of Finnish Food Factory, Tuomas Kukkonen, highlights the popularity of Finnish raw materials, particularly oats, in consumer diets. This shift towards plant-based diets is not only a trend but a response to the pressing need for a more sustainable food system.
The dairy industry, accounting for approximately 4% of global emissions, emits twice as much greenhouse gases as the aviation industry. By contrast, the average oat milk requires 92% less land and water, and generates 71% fewer emissions compared to cow's milk. This makes plant-based alternatives not only a healthier choice but also a more environmentally friendly one.
Taaleri Bioindustry's Fund I, an Article 9 fund with a primary sustainable investment objective, recognises this potential. The fund aims to support the transition from cow's milk to plant-based alternatives, aligning perfectly with Finnish Food Factory's mission.
However, it's worth noting that plant-based companies only raised $127M in Q2 2025, with $100M coming from Beyond Meat's debt funding round. Finnish Food Factory's investment of €13.5M in just four years stands out as an outlier in this landscape.
Finland's new dietary guidelines further emphasise the importance of plant-based diets. They encourage citizens to consume fortified non-dairy milk and replace animal fats and tropical oils with plant-based spreads rich in unsaturated fat. The guidelines also recommend reducing red and processed meat intake and replacing them with plant proteins.
The founder of Finnish Food Factory remains unnamed in the provided search results, yet the company's commitment to efficient, innovative, and reliable production is clear. As the world continues to grapple with climate change and the need for sustainable food systems, Finnish Food Factory is leading the way in Finland and beyond.
