Plant-based Food Stocks: 10 Biggest Companies in 2023

As that happens, tiny BUROF stock could soar, starting what could be a multi-year ramp in the stock as its presence continues to expand across the vegan food markets. 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. The plant-based meat maker is — for all intents and purposes — the face of the vegan revolution.

The fact they hold a variety of investments in multiple sectors also reduces risk. The global vegan market is said to have reached a value of $24.59 billion in 2022 and is expected to increase at a compound annual growth rate (CAGR) of 10.1% between 2023 and 2028. Kellogg Company’s food portfolio, which includes cereals, snacks and its meat alternatives brand, is 86 percent plant-based. The company’s MorningStar Farms brand features a line called Incogmeato which offers all-vegan burgers, bratwurst and sausages.

The global meat market is thought to be worth $1 trillion, meaning veganism still represents only a fraction of the market, but this gives the market plenty of headroom to grow. At the onset of the pandemic all meat prices rose, with beef and veal prices rising 17.6% in September 2020. 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. Thus, over the next several quarters, you will likely see Burcon’s pea and canola proteins start to appear in Nestle food and drinks.

How to invest in veganism

Like animal meat, plant-based meat is a source of protein, and is also composed of fat, vitamins, minerals and water. The food technology company has built an extensive patent portfolio covering novel plant-based proteins derived from peas, canola, soy, hemp, sunflower seeds and other plant sources. 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.

However, it is also growing its bioenergy business, in part through a joint venture with oil giant BP. If you don’t feel ready to trade on live markets, you can practise trading vegan assets in a risk-free environment by using an IG demo account. If you choose to invest in a vegan stock, you’ll become a shareholder, so you could profit from any dividend payments that are paid and gain voting rights. There is also “potential for some nutrient deficiencies including calcium, iron, and B12.” To avoid these issues, one must plan and meal-prep, which can take a lot of time and thought. In a world where many people are constantly busy, some don’t have the time to carefully plan out diets and meals. The Covid-19 pandemic also caused significant supply chain issues, which have, in turn, influenced the demand for plant-based products.

However, if you sell your shares when the share price is lower, you’d incur a loss. While potential profits are essentially unlimited, your possible losses are capped at the full value of your investment (excluding any additional fees). Similar trends in plant-based foods are prevalent among Canadian consumers as well, and restaurants in North America are increasing their plant-based menu offerings to include alternatives to meat and dairy.

Innovations in product formulations, increased consumer education, and a growing awareness of nutrient deficiencies are likely to fuel market expansion. To thrive in this competitive landscape, manufacturers will need to focus on quality, sustainability, and meeting the diverse dietary needs of consumers. As the world embraces plant-based living, vegan supplements play a vital role in ensuring that individuals can maintain optimal health while adhering to their ethical and environmental values.

• Despite the unfortunate timing of September 2020, Laird’s IPO was a smashing success.
• In a research published in January 2021, the global vegan food market is projected to rise at a compound annual growth rate (CAGR) of 9.2%, from $14.44 billion in 2020 to $15.77 billion in 2021.
• According to Statista, the market for vegan food will be worth over $22 billion in 2025.
• So hard that big companies like Beyond Meat and Impossible Foods outsource it to plant protein suppliers.
• The company’s products have become ubiquitous at supermarkets and common on restaurant menus.
• Veganism has become increasingly normalised within society and its environmental impact has resulted in a generally positive view of the movement.

Not every company can be found on every stock exchange though depending on various factors (location, etc.). Be sure to find out which markets you can access through your broker (Robinhood, Interactive Brokers, WeBull, etc.). Hain Celestial Group is a natural food producer with an ambition to create ‘organic, natural and better-for-you brands.

About half of Calavo Growers’ revenue comes from avocados, and growth in the category helped the company’s stock price to triple between 2011 and 2020, although shares have pulled back since then. While Oatly has captured attention with a bold marketing campaign and a new product category in the U.S., the company is hardly new. It has been around since the 1990s and has been consistently developing oat-based alternative dairy products, including milk, ice cream, yogurt, cooking creams, spreads, and to-go drinks. The vegan supplements market is poised for continued growth as more people adopt plant-based diets and prioritize health and sustainability.

Hain, for example, has a strong portfolio of organic health and wellness brands that target a higher-end demographic. Put simply, there are channels of distribution like Costco and Walgreens that their brands don’t currently serve, but we believe eventually will. Furthermore, we believed HAIN’s portfolio had pricing power to pull them through this inflationary period. In this article, we will take a look at the 10 vegan stocks billionaires are purchasing.

Investing in vegan ETFs

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 https://bigbostrade.com/ secondary ingredients that are sourced from animals. The appetite for vegan food has increased in many countries, with businesses rushing to get a piece of the proverbial cake.

From a fundamental standpoint, I think EWGFF shares are too cheap and have a lot of long-term upside. OTC penny stocks are extremely risky but the addition of Prince Khaled adds credibility to Eat Well’s long-term business goals. Right now, EWGFF trades at a $62 million market cap and a Price to Sales ratio of 1 (!).

‘Veganism is a way of living which seeks to exclude, as far as is possible and practicable, all forms of exploitation of, and cruelty to, animals for food, clothing or any other purpose’ – The Vegan Society. Ingredion is a Fortune 500 company that turns grains, fruits, vegetables and other plant materials into ingredients. It makes starches, sweeteners, gums, biomaterials and other specialty ingredients for a wide-array of applications.

Hain Celestial posted its fourth consecutive quarter of sales growth following a 4% increase in net sales compared to 506.8 million in the same quarter in 2019. Piper Sandler analysts upgraded Hain Celestial from Neutral to Overweight in February 2021, with a $50 price target. There’s no easy way to track vegan stocks coming to the market, but an occasional search for terms such as “vegan IPO” and “vegan companies going public” should help you discover new vegan stocks. Local Bounti has only minimal revenue so far and just went public through a SPAC in November 2020. 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. Avocados are a staple of the vegan diet in much of the world, and they are popular with the millennial generation.

The vegan industry has seen tremendous growth in recent years, both in revenue and consumer numbers. In a research published in January 2021, the global vegan food market is projected to rise at a compound annual growth rate (CAGR) of 9.2%, from $14.44 billion in 2020 to $15.77 billion in 2021. In 2021, more vegan companies announced to prepare for an IPO than ever before, and at the same time, the list of public listings being conducted is growing. In terms of new vegan stock, plant-based dairy brand The Planting Hope Co., producer of the world’s first commercially available sesame milk, recently completed its IPO in Canada, selling 22.5 million shares at a price of $0.40 each. We used Insider Monkey’s exclusive database of billionaire-owned stocks to shortlist the best vegan stocks with the highest number of billionaire investors as of the first quarter of the year. We have included companies with significant exposure to the vegan food industry.

Plant-based Foods Start Here:

ETFs are in many ways similar to mutual funds; however, they are listed on exchanges and ETF shares trade throughout the day just like ordinary stocks. Some say that veganism isn’t just about protecting animals and cutting out meat from their diets, but a broader set of principles aimed at saving the environment. Global meat and dairy production must be cut in half by 2050 if the world is to meet its climate obligations under the Paris Agreement, according to Greenpeace. The company has well-known brands that feed off the growing demand for healthier, plant-based alternatives, such as its Almond Dream, Better Bean and Yves Veggie Cuisine, in addition to a smaller portfolio of personal care products. Its products are popular in chocolates, confectionary and other sweet treats.

There aren’t a ton of publicly traded vegan companies, but I’ve created a comprehensive list of your options. You can buy NASDAQ and NYSE listed plant-based stocks like BYND, TTCF, and OTLY on any U.S. based stock trading app or platform. Plant-based stocks have sold off as more investors chased gains in hotter sectors so LSF stock could be caught in a bear cycle (assuming there is nothing behind the CEO’s resignation). Laird Superfood is a plant-based food company that creates a variety of everyday products for health-conscious consumers. KOMOF stock trades at a $20 million market cap but there is no official word on how much revenue the company is generating. The good news is KOMOF got uplisted from the OTC pink sheets to OTCQB Venture market , which should increase both retail and institutional interest in the stock.

• While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation.
• The best vegan stocks have been ranked in ascending order of the number of billionaires holding a stake in them.
• Others are looking to cash in on hot stocks as the long-simmering meatless movement finally trends its way into the mainstream.
• It launched AkoPlanet in 2019 to offer tailor-made solutions for food manufacturers developing plant-based alternatives within the meat, dairy, and ice cream segments.
• According to a Utopia survey of 18 to 24 year-olds in Germany, more than half of those surveyed have given up eating meat.
• 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.

Because they look at animal-based meat through this entirely different lens, they’ve shunned meat-eating. While Daiya is a vegan company, I’m not sure many would consider Otsuka Pharmaceutical to be one. Most of their portfolio consists of medical companies, so I’m not sure why they wanted to buy Daiya. And yes, I’ve triple-checked that I have the names and right companies here. Daiya is a Canadian company that was acquired by Ostuka pharmaceuticals in 2017.

Investing In A Greener Future

It also brought an earnings surprise, with net sales of $10.9 million — a 45% increase compared to the previous year. Reuters reported in August that Impossible had appointed insider David Borecky as chief financial officer, suggesting the company might be inching closer. There’s a chance Impossible might go public through a SPAC instead of through a traditional IPO.

In 2019, Los Angeles-based Beyond Meat’s initial public offering heralded the dawn of the plant-based foods era, encouraging investors to take a stake in the meatless market. The company makes plant-based meat substitutes, including burger patties comprised primarily of pea protein. moving average indicator In the US and Canada, Beyond Meat’s products can be found in the meat sections of many grocery stores and on the menus of several restaurants. Interestingly, rising demand for plant-based foods isn’t a sign that a large percentage of the population is going vegan or vegetarian.

However, whether or not their “solutions” are actually healthier is questionable. In addition, you can sign up for Luke’s free Hypergrowth Investing newsletter. But those sales sit at a little more than $20 million today, and the creamer market in the U.S. alone measures around $3 billion. These new facilities give the company the resources and manufacturing abilities to take what they’ve done in Canada, and replicate that success on a bigger level. So, if you’re looking for a picks-and-shovels play on the vegan revolution, plant protein suppliers are your answer, and in this space, the best pick is Burcon NutraScience.

By uncovering early investments in hypergrowth industries, Luke Lango puts you on the ground-floor of world-changing megatrends. In other words, the Very Good Food Company is a high-quality supplier for vegan meat — and maybe even the highest-quality supplier out there. So hard that big companies like Beyond Meat and Impossible Foods outsource it to plant protein suppliers.

How to invest in pure-play plant-based foods stocks?

This means that you won’t own the underlying asset, so you can profit from both rising and falling markets. We have a look at how companies are responding to the rise in veganism and explain how investors and traders can capitalise as people around the world begin to reduce their meat intake and consume more plant-based alternatives. We want to clarify that IG International does not have an official Line account at this time. Therefore, any accounts claiming to represent IG International on Line are unauthorized and should be considered as fake. Please ensure you understand how this product works and whether you can afford to take the high risk of losing money. Also noted by Oxford Academic, “the demand for the functional foods which contain bioactive ingredients increased.” This bodes extremely well for plant-based stocks as it gives them a place in the market to fill.

A Vegan Ad Was Banned For Causing ‘Unnecessary Distress’ – Now It’s Been Seen By Millions

PLTXF stock trades at a $44 million market cap with an attractive price to sales ratio of 4. I expect revenue to climb substantially after the Walmart USA launch and opening on the XMart locations in San Diego, California. My future EWGFF stock forecast depends on how legit the company revenue numbers are and how many OTC traders and investors gain interest in the stock. BABYF is an OTC microcap stock with lots of upside but also plenty of risk in the short term.

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). New vegan stocks don’t come along often, so don’t expect to get many alerts. Startups and small businesses need money to launch or grow, but can’t go public. So they either turn to angel investors and venture capitalists (which are typically millionaires), or to crowdfunding platforms.