8 Best Vegan Stocks to Buy in 2023 The Motley Fool
If you live in North America or somewhere beyond Europe, you can still invest in it if you want, but only certain investing platforms will let you. Unfortunately, it has succumbed to receivership, meaning that you will no longer be able to invest in it and the company will be restructured or sold in some way. The Very Good Food Company is a Canadian company that makes a variety of plant meats.
- While the catalysts for plant-based stocks to soar are strong, the industry isn’t without its challenges.
- In March, Simply Wall St reported that insiders were buying up large chunks of MLFNF, which is usually a good sign for a company’s stock.
- The company is unprofitable, and management has said that it does not intend to pay a dividend for the foreseeable future.
- In 2020, investments in vegan food companies almost doubled, with particularly high growth for cultured meat.
Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. Another way of gaining exposure to the vegan market on the financial markets is by investing in or trading the commodities that underpin vegan and plant-based diets. 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. Beyond Meat is a popular name to mention when discussing how veganism is gripping consumers around the world. The company is famous for its Beyond Burger, the ‘world’s first plant-based burger that looks, cooks, and satisfies like beef,’ without genetically modified organisms (GMOs), soy, or gluten.
Beyond Meat (BYND) – Best Overall Plant Based Meat Stock
When you trade vegan assets, you’re speculating on the future market price with derivatives such as spread bets and CFDs. 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). Other investment firms solely focused on the plant-based foods industry include Stray Dog Capital, Veg Capital, Blue Horizon and Natural Order Acquisition. Growing consumer concerns about health, ethical food and climate change are creating opportunities to invest in the burgeoning plant-based foods market. I prefer buying high-growth stocks when they become unpopular because you get a much bigger margin of safety in case you are wrong.
The company’s pea protein isolate is 85 percent protein and can be used to boost the protein content of a range of plant-based food and beverage products. Ingredion’s pea starch can be used in a number of ways, including in the production of plant-based cheeses. The American plant-based food stocks below were compiled using TradingView’s stock screener on February 7, 2023. Companies listed on the NASDAQ and NYSE were considered and are listed by market cap size. With this future potential in mind, here the Investing News Network takes a look at the top plant-based food stocks by market capitalization in the US and Canadian markets.
- Marking a milestone for vegan business, the vegan climate index became the first of its kind to list investment opportunities suitable for vegans.
- New vegan stocks don’t come along often, so don’t expect to get many alerts.
- Not every company can be found on every stock exchange though depending on various factors (location, etc.).
- You can’t invest directly in Daiya, but you can invest in Otsuka (OPC on the Tokyo Stock Exchange).
OTLY stock has done much since the IPO back in May 2021 and trades near its IPO price of $17. The good news is the company raised its full-year 2021 revenue guidance to $690 million and plans to produce a whopping 600 million liters of finished foods in 2021. BYND stock has slumped recently due to consumers choosing cheaper private label plant-based alternatives and traditional meat products. Protecting animals is the number one priority for vegans but they are likely to have other beliefs that influence their shopping habits. Many also aim to purchase products with a low carbon footprint as a way of contributing to the fight against climate change, while some also consider how much water has been used to create a product.
What is veganism?
VRYYF is yet another high-risk OTC penny stock with lots of future growth potential. The company has a strong vision to scale production with its 4 Canada-based production facilities and already has key distribution partnerships through the United States and Canada. If you want to invest in vegan food stocks then Beyond Meat is the first company I’d recommend. 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.
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Beyond Meat reported annual revenue of $467 million (Up 14.7% YoY) in 2021 with a net loss of $187 million (-$2.88 per share). IG International Limited is licensed to conduct investment business and digital asset business by the Bermuda Monetary Authority. Hain Celestial is another firm that looks set to benefit from changing diets, with an ambition to create ‘organic, natural and better-for-you brands’. For example, a healthier lifestyle and a plant-based diet can be hard to maintain and do well.
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. 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. Another way to play the vegan revolution in frozen foods is by buying Maple Leaf Foods. As the market gets “veganized” over the next five to ten years, TTCF stock will surge higher.
As you can see there are plenty of non-vegan brands that they own as well like Duncan Hines and Mrs. Pauls. Most of their portfolio consists of medical companies, so I’m not sure why they top esg stocks wanted to buy Daiya. And yes, I’ve triple-checked that I have the names and right companies here. Archer Daniels Midland is another agriculture company, similar to Bunge (listed above).
Beyond Meat also provides other meat-free alternatives, eg sausages and minced beef. 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. For its part, US-based multinational food manufacturer Ingredion provides plant-based ingredients to companies focused on manufacturing vegan products. Ingredion has earned a spot on Ethisphere’s World’s Most Ethical Companies list several times, most recently in 2023, and also made Fortune Magazine’s World’s Most Admired Companies list for the 13th consecutive year as of 2022.
In January 2021, PlantX had a record-breaking monthly gross revenue of $1,089,502. The company acts on a message that speaks to its consumer base, which is why it is so popular with the vegan community. In addition to effectively weathering the fallout of the COVID-19 pandemic, there are many reasons why Maple Lead Foods is a promising investment opportunity. As Beyond Meat continues to gain partnerships around the world, it is poised to see temporary boosts in shares. This includes popularized health benefits, weight management, animal care, and environmental responsibility.
And as of last week, you can grab an Impossible Burger from one of 40 locations of Impossible Foods’ new fast-food restaurant chain, which is operating out of Dog Haus hot dog chain kitchens. Some people invest in vegan stocks because they’re vegans themselves and they want to put their money where their morals are. Others are looking to cash in on hot stocks as the long-simmering meatless movement finally forex trading bot trends its way into the mainstream. Others are buy-and-hold investors who are by this point convinced that the growing trend has much farther to climb. Vegan stocks are the shares of companies that contribute in some way to the vegan industry — typically food manufacturers. Some of these companies have innovated in the industry by creating products that have the same texture or taste as meat products.
How to invest in plant-based foods through venture capital trusts and investment funds?
Now is an excellent time to invest in plant-based meat and plant-based foods. Modern Plant Based Foods offers a broad portfolio of plant-based products, such as meat alternatives, homemade-style soups, vegan cheezes, sauces and candies. Its brands include KitsKitchen, Modern Meat, Modern Wellness Bar and Snacks from the Sun. The most mature pure-play plant-based food stock on the market, Los Angeles-based Beyond Meat first launched its brand nearly a decade ago.
Similarly, Pembroke VCT has investments in companies like Plenish, a UK-based alternative milk and cold pressed juicing business, but again has investments in other firms, like burger outlet Five Guys, that may reduce its appeal. It recently said it would raise investment in plant-based proteins to $185 million by the end of 2020, up from a previous budget of $140 million, as part of a partnership with Verdient Foods. However, some vegan investors may be put off by the fact that up to one-tenth of its business is made-up of supplying ingredients used to make feed for livestock.