At the time of this writing, Will Ashworth did not hold a position in any of the aforementioned securities. On April 30, 2020, Kellogg announced on its quarterly conference call that it had delayed the launch of its “Incogmeato” just2trade broker review burgers from the end of the first quarter to sometime in the second half of the year due to the novel coronavirus. The burgers will now be launched at the same time as its new plant-based sausage products later in 2020.
A pure-play vertical farming company, AppHarvest went public through a SPAC in February 2021 and is solely focused on growing tomatoes, although it plans to expand to other products. A number of factors are boosting the performance of plant-based stocks, including healthy eating trends, environmental concerns, economies of scale, and technological innovations. If you want vegan companies to invest in, you have plenty of attractive options these days. Additionally, many of these companies are very new floats on stock exchanges — there aren’t many long-established companies that are focusing solely on vegan products. Oatly sells a range of different oat based products, including milk, ice cream, yogurt, cream, spreads and drinks. Oatly products are available at hundreds of cafes and restaurants across the UK and worldwide.
Some big names – such as Beyond Meat, which had its initial public offering (IPO) in 2019 – have since stolen much of the limelight. Additionally, many companies have either begun offering a range of plant-based products, or are already positioned to naturally benefit, such as fresh food producer Total Produce. As a result, many big companies have launched new vegan products either to capitalise on demand or because they were pressured by customers or shareholders. This has been achieved by either developing new products in-house or by acquiring smaller businesses to get a head start. Vegan alternatives to other everyday staples are now commonplace, eg almond milk and dairy-free cheeses are experiencing rapid growth. Else Nutrition products are sold on Walmart.com and Kroger.com, and the company has added more products to its offerings at Sprouts Farmers Markets.
In addition, the stock has already started a rebound, having climbed at least 35% over the last quarter. The overall oat milk market grew from $2.76 billion to $3.05 billion last year. Last year, the alternative-dairy market was worth at least $35 billion and should reach $123 billion by 2030. That means there is much room for even more growth for Oatly stock, likely contributing to Oatly’s “moderate buy” rating.
Modern Plant Based Foods (CSE:MEAT)
But on the other hand, many experts have been quick to point out that the share price is quite high for its current earnings. Formerly known as Port Erin Biopharma Investments, the investment company has rebranded to focus on identifying promising lab grown meat companies to invest in on behalf of shareholders. All of its products are vegan friendly, and they’re growing globally at a rapid pace, making it an interesting company to consider investing in. In this article, we will take a look at the 10 best vegan stocks to buy now. 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 Now.
- If you’re not sure which investments are right for you, please seek out a financial adviser.
- I haven’t actually seen Modern Meat products available here in Ontario (Toronto area), which I suppose means there’s a lot of room to expand if their products are truly high quality.
- Others are buy-and-hold investors who are by this point convinced that the growing trend has much farther to climb.
- A pure-play vertical farming company, AppHarvest went public through a SPAC in February 2021 and is solely focused on growing tomatoes, although it plans to expand to other products.
- The company’s product portfolio is basically the dream freezer of your typical health-conscious, eco-sensitive, time-constrained Millennial and Gen Z consumer.
The company has raised more than $1.2 billion since its inception in 2011. Although the company was expected to go public at some point in 2020, it’s in no rush to IPO. Last year, Burger King announced it was testing the Impossible Whopper, a plant-based version of its top-selling burger, for one month across all 7,200 stores in the U.S. On July 14, Gardein launched several plant-based soups, including a vegan version of chick’n noodle soup. In addition, it’s launching cauliflower wings, breakfast bowls, skillet meals, Italian sausage patties and ramen. On July 27, Itella International reported record preliminary sales of $65.2 million for the six months ended June 30.
Exchange Traded Funds (ETFs)
For example, while 2022 revenue was between $24 and $32 million, the company projects pre-EBITDA revenue that could touch $450 million by 2025. Vegan and plant-based stocks will likely soar in value over the next few years. According to TheBeet, studies estimate the vegan food market could grow 100x larger by 2050. Vegan products shouldn’t be mistaken for plant-based ones, especially when it comes to food. Although some foodstuffs source protein from plants, they can still contain or be made using secondary ingredients that are sourced from animals.
Plant-based Food Stocks: 10 Biggest Companies in 2023
Through its joint venture Merit Functional Foods, Burcon has a protein production facility in Manitoba, Canada, that makes pea and canola proteins for the food and beverage industry. Israel-based Else Nutrition develops and makes plant-based, clean ingredient alternatives to dairy-based formulas for infants and toddlers. The company’s plant-based toddler nutrition products are listed with United Natural Foods for grocery distribution across the US. The Canadian plant-based food stocks below were compiled using TradingView’s stock screener on February 7, 2023. Companies listed on the TSX and TSXV were considered and are listed by market cap size. The American plant-based food stocks below were compiled using TradingView’s stock screener on February 7, 2023.
As of December 2021, Beyond Meat reported its products were available at approximately 130,000 retail and food service locations in more than 90 countries. The main risk of vegan stocks is that we don’t know whether the current levels of veganism are here to stay. This uncertainty can cause some instability, particularly while it’s still fxcm canada review a small portion of the global food market. With just a $180 million market cap, I think BABYF stock could easily 10x in a year or two. There’s risk here but plant-based alternatives will only become more popular in the future and I expect plenty of moms will switch from dairy-based products to plant-based ones for their children.
Vegetarian and vegan companies
All just to produce a piece of meat that is actually pretty bad for your heart and liver. Very Good was shackled to an undersized facility in Canada, but it opened two enormous new facilities totaling tens of thousands of square feet of production space. Just one business secrets from the bible of them can produce 37 million pounds of product a year, an increase in production capacity of 2,690%. Reuters reported in August that Impossible had appointed insider David Borecky as chief financial officer, suggesting the company might be inching closer.
Tattooed Chef, Inc. (NASDAQ: TTCF)
Ingredion is a Fortune 500 company that turns grains, fruits, vegetables and other plant materials into ingredients such as sweeteners, gums, biomaterials and other specialty ingredients for a wide array of applications. Even companies like Tesla, that aren’t obvious examples of vegan friendliness, are making changes – the electric carmaker removed the leather option for seats due to environmental reasons. Plant-based meat is produced from a variety of plant-based sources, such as lentils, chickpeas, soy, peas, chia seeds, beans, mushrooms and wheat gluten.
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These are just a few examples — there are many ways to invest in the meatless movement beyond just the hot stocks of the day. Vegan commodities include things like oats, wheat and soy as raw materials, for example. You could also invest in a company like Tyson Foods, which is not a dedicated meatless company — far from it — but one that is growing its already impressive line of vegan offerings. Instead of randomly picking a single vegan stock — or two or three — that sound like they might be good bets, consider VEGN. The purchase of a single share gives you a little sliver of each of the stocks that represent shares of companies that meet the ETF’s standards of ethical and humane treatment of animals and the earth.
The company sold 250,000 shares to the public, raising $36.8 million in net proceeds. When I first recommended The Very Good Food Company, it was a relatively unknown $80 million Canadian vegan meat company. Today, it is a $481 million company, making everything from vegan burgers and sausages to taco mix, steak and bacon, and selling those products under The Very Good Butcher brand. Many customers view these products as some of the best vegan meat products in the market, with superior taste and texture compared to even products made by Beyond Meat.
Daiya Foods Inc. is a plant-based food company operating in the United States and Canada. It produces and supplies non-dairy cheese items and alternative dairy food products. The company has an extensive product portfolio comprising soy, dairy, and gluten-free pizza and cream cheese style spreads, slices, wedges, and shreds.
The Very Good Food Company is a Canadian company that makes a variety of plant meats. Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services. Volatility profiles based on trailing-three-year calculations of the standard deviation of service investment returns. The company is unprofitable, and management has said that it does not intend to pay a dividend for the foreseeable future.
Many view it as a refreshing break from the tired, old and often highly processed Nestle creamers that dominate the market. They make all of their meat in a 4,000 square foot production facility in Victoria. That means that while the company is killing it on the west coast of Canada, they have limited presence elsewhere. Burcon has been in the plant protein extraction game for over 20 years, and throughout its many years, the company has developed a patented extraction process which produces functionally superior pea and canola proteins. Because of this, the company has signed a big partnership with the world’s largest food and beverage company, Nestle.