The stock was red hot, but it cratered by almost 14% in February, scaring many investors off. Whether you want to support vegan companies, or you’d just like to get involved in a rapidly growing market, investing in vegan stocks is a good way to do it. In March 2021, Stephens and Co. initiated an Overweight rating for Beyond Meat, with a price target of $190. The company’s revenue in the fourth quarter of 2020 came in at $101.9 million, an increase of 3.5% from $98.5 million in 2019.
Despite the growing availability of vegan food products, the industry is still in its early growth stage, with plenty of space for development. According to UBS, the demand for “plant-based meat” is expected to grow rapidly. In a note last week, the investment bank said that sales of meatless protein products would best cryptocurrency brokers increase at a 30% compound annual growth rate through 2025, reaching $51 billion. Investing in vegan stocks allows investors to diversify their portfolio while still participating in a rapidly expanding industry. The vegan industry has seen tremendous growth in recent years, both in revenue and consumer numbers.
- Online e-commerce sales made up 63% of Q2 revenue and coffee creamers alone is responsible for more than half of Laird’s total quarterly revenue.
- MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on…
- However, management is targeting $462 million in revenue by 2025, and investors have high hopes for the company since its market cap is not far from mature agriculture companies such as Calavo Growers.
- However, this has been a difficult year for Very Good, with its stock seemingly in a freefall since January.
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You can either invest in individual companies (like the ones on this page), or stick your money in a vegan ETF (not many to choose from at the moment). I have a few alerts with different variations tifia forex broker review of “vegan stocks” and “vegan IPO” that I monitor. One option I’ll be keeping a close eye on is lab grown meat companies (a bit controversial on if lab grown meat is vegan or not right now though).
The Planting Hope Company (TSXV:MYLK)
Headquartered in Sweden, Oatly is actively expanding its global footprint in the plant-based food market. In 2021, the company opened production facilities in Singapore and China. In 2022, Oatly launched a plant-based milk alternative on trains in Germany, and added electric trucks to its transportation network in North America.
The Israeli-based company is also in the process of bringing to market a similar plant-based milk formula for newborns and babies (under one years-old). A much smaller name in the vegan revolution, Else Nutrition is specialized on the plant-based food transition in the infant nutrition market. These are classic American meals that defined eating throughout the 20th Century. They don’t see fancy steak dinners and juicy burgers — they see lines of cows, packed into hardly livable conditions, emitting tons of methane gas every year and contributing significantly to global warming.
Like Vegan Food, Plant-Based Stocks Have Gone Mainstream
Protecting animals is usually the number one priority for vegans, but they’re likely to have other beliefs that influence their habits as consumers. Many also aim to purchase products with a low carbon footprint as a way of contributing to climate change reform, while some also consider how much water has been used to create a product. It’s also worth mentioning ‘cultured’ foods, better known as lab-grown meat. Protein is grown in a bioreactor using ingredients such as sugar, creating ‘meat’ without having to rear an animal. Based on the firm’s most recent earnings report, their EPS for the last quarter amounted to $0.20 which is $0.06 higher than analyst predictions of $0.14. Despite this, the company’s revenue of $454.20 million was lower than analyst expectations and a 4.5% decrease compared to the same quarter last year.
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Today, the global plant-based meat market is worth an estimated $12.1 billion. New research suggests the global plant-based food market could grow to $74 billion by the year 2027. Maple Leaf is a Canadian packaged foods company with an assortment of frozen and refrigerated meats products under various brands, like Maple Leaf sausages, Schenider’s salami plates, or Swift’s chicken pot pies.
Nomad Foods (NYSE:NOMD)
Ikea’s plant-based meatballs and the vast majority of ASDA’s plant-based range are already cheaper than their meat-based equivalents and it’s only a matter of time before others follow. Not only did the McPlant become a permanent member of menus in those countries, McDonald’s announced in January 2023 that it would begin offering a Double McPlant burger as well. While the catalysts for plant-based stocks to soar are strong, the industry isn’t without its challenges. The labor shortage was particularly hard to address, as food-processing facilities are “potential hotbeds for outbreak.” It is hard to social distance in an environment where workers need to stand side-by-side. Employees also tend to car-pool together or use public transportation, which was deemed dangerous during the pandemic. In March, Impossible Foods raised an additional $500 million to fight the coronavirus threat and continue R&D.
PlantX is an online shopping platform featuring a wide variety of plant-based foods. They carry brands like Oatly and Beanfields, and seem to be growing fast. From what I’ve been able to dig up, I believe all their products are vegan (and they don’t test on animals).
The social media savvy company saw a 160% rise in Twitter followers and massive engagement within only 25 days after engaging in Dogecoin content last quarter. One of the widely popular vegan companies in the global market is California-based vegan food startup Impossible Foods. Founded in 2011, Impossible Foods creates plant-based meat, dairy, and fish alternatives. Throughout 13 rounds of funding, Impossible Foods has raised a total of $1.4 billion.
Risk factors include plant-based competitors like Impossible Foods stealing market share and inflationary pressures that cause consumers to seek out cheaper vegan alternatives. Meanwhile, access to plant-based food is being increasingly democratized as more and more grocery stores and fast-food pepperstone review chains feature plant food items in their stores and on their menus. All of this increased supply and demand will lead to economies of scale, which will unlock significant cost-savings that should be passed down to the consumer, ultimately driving plant food prices lower with time.
If you want to invest in vegan food stocks then Beyond Meat is the first company I’d recommend. According to a recent analysis by Grand View Research, Inc., the size of the worldwide vegan food industry was projected to reach $37.45 billion in 2030 and is expected to grow at a CAGR of 10.6% from 2022 to 2030, reported Bloomberg. In this article, we will take a look at the 10 best vegan stocks to buy. You can skip our comprehensive analysis of the global vegan market and industry trends and go directly to the 5 Best Vegan Stocks To Buy. As the world starts to reduce its meat intake and consume more plants, demand for common agricultural products should increase while new, more exotic ingredients are likely to become more popular. Beans, grains, soy, nuts, fruit and veg, vegetable oils and seeds are just some of the common staples of a vegan diet.