The plant-based meat maker is — for all intents and purposes — the face of the vegan revolution. The company’s meat-less burgers, sausages and other meat products are served fresh through various fast food chains — like Blaze Pizza, Burger King, Carl’s Jr and Del Taco — and packaged through various grocery stores. 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.

The company’s revenue has seen an increase of 680 percent in Q to $2,643,083, compared to its $338,552 revenue in Q1 2020. Originally operating out of a 4,000-square-foot production facility in British Columbia, The Very Good Food Company’s presence in North America is rapidly growing as demand increases and production facilities improve. With its plans to continue to expand its product line, you can expect to see significant growth in its business and consumer base. Penny stocks fit well with investors who are willing to take a higher risk, as they have their own advantages.

  • Their most recent round of funding was a Series G round led by Philippe Laffont’s Coatue Management on August 13, 2020.
  • So hard that big companies like Beyond Meat and Impossible Foods outsource it to plant protein suppliers.
  • They highlight Belle Pulses on their corporate overview multiple times.

The former Wall Street darling fell out of fashion in 2020 due to pandemic shopping, losing 50% of its value in the first six months of 2021. Shares reached a 17-month low after the company revised its third-quarter 2021 outlook, significantly revising net sales estimates down, Investor’s Business Daily reported. Some people invest in vegan stocks because they’re vegans themselves and they want to put their money where their morals are.

VEGN in the News

Its brands include KitsKitchen, Modern Meat, Modern Wellness Bar and Snacks from the Sun. For the most part, vegan products are more expensive than their meat-based counterparts. Given the recent rise in the cost of living, many people who previously followed a more flexitarian diet have opted for a more cost-effective alternative and switched back to meat. This may be the reason why many vegan stocks have dropped in recent times.

Yet the head of the company’s plant-based business believes Covid-19 has provided it with an opportunity to shine a light on its products. Based on Tattooed Chef’s estimated 2021 revenue of $222 million, the company will have grown its sales by 66.7% on a compounded basis over a three-year period. The big question is whether management is smart enough to take advantage of the popularity of meatless products. However, while its chicken nugget product is meatless, its burger contains Angus beef as well as pea protein isolate.

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. Anyone who missed out on the early Beyond bonanza might soon be getting something that is incredibly rare in the world of IPOs and investing in general — a mulligan. SPACs issue some stock through something called special warrants, which allow initial investors to redeem their stock purchases at a prefixed price. When Tattooed Chef announced its warrant redemption date on Feb. 16, more than 10.7 million warrants were cashed in.

Now is a good time to invest while retail and institutional investors focus on hyped-up sectors such as EV stocks. 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.

Yogurt sales are anticipated to increase at the second-highest CAGR during the projection period. The millennial generation’s growing preference for dairy-free goods is anticipated to fuel the segment’s expansion. Over the forecast period, the vegan cheese market is anticipated to grow at a sizable CAGR. fxpro forex broker review It is projected that the growing popularity of vegan cheese among consumers who are lactose intolerant will aid in the segment’s expansion. Modern Plant Based Foods offers a broad portfolio of plant-based products, such as meat alternatives, homemade-style soups, vegan cheezes, sauces and candies.

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With plans of expanding into the U.S. market, there’s a lot of room to grow. They’ve also been busy acquiring other companies like The Cultured Nut (who makes plant-based cheeses). However, because the burger contains soy leghemoglobin, it isn’t considered to be vegan.

Vegan Penny Stocks

It’s another one listed on the STO, so you might need to contact your investing bank and find out if you’re able to buy stock. They went public in 2020 on a Canadian stock exchange, after growing rapidly over their first 3 years of business. 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. Oatly, the famous plant-milk makers based in Malmo went public in May of 2021. Unfortunately that was one of the worst times to go public, and in the first 2 years of being listed, the stock lost ~90% of its value.

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According to a Utopia survey of 18 to 24 year-olds in Germany, more than half of those surveyed have given up eating meat. Meanwhile, a survey from The Food Institute found that 65% of Generation Z Americans want a more “plant-forward” diet, while 79% choose to go meatless one or two times a week. And a YouGov poll found that one out of five young people believe that the future of eating is meat-free. A common sentiment I’ve heard is not wanting to miss out on new vegan stocks.

Plant-based Foods Start Here:

This is particularly true in emerging industries, where brands come and go rather quickly. Else announced in early December that it will establish a dedicated U.S. office and operations to meet growing demand. The new U.S. headquarters, based near Columbus, Ohio, has a full-time staff of five, which the company expects to double in 2022. Analysts review keys to heaven’s economy rate Maple Leaf stock betwen a “buy” and “strong buy” with an average price target of $39.86 based on a low of $30, which nearly equals the current $29.70 share price, and a high of $45. But the real secret to the company’s 2020 success — and the future growth so many industry experts believe is still ahead — can be traced to expansion.

With this quick overview aside, let’s get into the nitty gritty of what you might expect from plant-based food stocks in the years ahead. Archer Daniels Midland also known as ADM, is another firm poised to capitalise on the demand for plant-based foods. The US company serves customers in around 200 countries ‘all the way from plant to plate’ from its 450 crop procurement facilities and over your programming career 330 food and ingredient manufacturing plants. The company’s most recent Q4 reported an EPS of 1.98 SEK, which is anticipated to increase to 2.1 SEK by the next earning report. Scandinavian firm AAK is the world’s leading producer of specialty and semi-specialty vegetable oils and fats. AAK advises clients on everything, from tinkering with recipes to logistics and analysing market trends.

In other cases, they might have simply created delicious food products that don’t contain any animal-derived products. QSR is investing in each of its brands to position them for sustainable, long-term growth. As Canada reopened, Tim Hortons’ same-store sales returned to growth during the quarter compared to pre-COVID levels, driven by growth across all dayparts, formats, regions, and product categories aside from hot beverages. The company is focused on executing the next phase of its “Back to Basics” plan by extending its beverage platform, capturing a greater share of afternoon foods, and continuing its brand modernization. Longer-term, management believes it can sustainably grow same-store sales at a low-single-digit rate. Due to rising consumer demand for plant-based foods and increased health awareness, Asia Pacific is anticipated to see the quickest CAGR throughout the forecast period.

Modern Meat

This uncertainty can cause some instability, particularly while it’s still a small portion of the global food market. The company sells over 90 million pounds of faux meat a year, with about one-third of that volume in fake burgers and the remaining two-thirds from other products such as chicken and sausage alternatives. Estimates suggest that MorningStar generates $450 million in annual revenue, about 1.3 times the $355 million Beyond Meat has sold over the trailing 12 months. Plant-based vegan stocks aren’t too popular right now and trade at fair valuations.

While you might not see their name on the packaging, they’re the geeks in the lab who go through extracting the plant protein, which is a job most big names like Beyond outsource. This is a company that has been around long enough to enjoy a pedigree status and has even found their plant-based meat sold in chain restaurants, the likes of Carl’s Jr and Del Taco. AppHarvest also recently introduced its first value-added product, a salsa called “The Food Fight,” which sold out rapidly in its first batch. That success shows the company’s ability to expand beyond just produce.