United States securities and exchange commission logo

                            April 27, 2021

       Christian Hanke
       Chief Financial Officer
       Oatly Group AB
       Stora Varvsgatan 6a
       211 19 Malm

                                                        Re: Oatly Group AB
Statement on Form F-1
                                                            Filed April 19,
                                                            File No. 333-255344

       Dear Mr. Hanke:

              We have reviewed your registration statement and have the
following comments. In
       some of our comments, we may ask you to provide us with information so
we may better
       understand your disclosure.

              Please respond to this letter by amending your registration
statement and providing the
       requested information. If you do not believe our comments apply to your
facts and
       circumstances or do not believe an amendment is appropriate, please tell
us why in your

              After reviewing any amendment to your registration statement and
the information you
       provide in response to these comments, we may have additional comments.

       Registration Statement on Form F-1 filed April 19, 2021

       Prospectus Summary, page 1

   1.                                                   Notwithstanding your
response to prior comment 1 that you will not be a "controlled
                                                        company," it continues
to appear from your disclosure that the PRC will have a significant
                                                        ownership interest in
you and, therefore, have significant influence over decisions that
                                                        require shareholder
approval. If so, please revise to disclose that fact and that risks to
               We remind you that the company and its management are
responsible for the accuracy
       and adequacy of their disclosures, notwithstanding any review, comments,
action or absence of
       action by the staff.
 Christian Hanke
Oatly Group AB
April 27, 2021
Page 2

       Refer to Rules 460 and 461 regarding requests for acceleration. Please
allow adequate
time for us to review any amendment prior to the requested effective date of
the registration

        You may contact Mindy Hooker at (202) 551-3732 or John Cash, Accounting
Chief, at (202) 551-3768 if you have questions regarding comments on the
financial statements
and related matters. Please contact Geoff Kruczek at (202) 551-3641 or Asia
Timmons-Pierce at
(202) 551-3754 with any other questions.

FirstName LastNameChristian Hanke
                                                           Division of
Corporation Finance
Comapany NameOatly Group AB
                                                           Office of
April 27, 2021 Page 2
cc:       Marc Jaffe
FirstName LastName