Sales in that division were down 6.6% in the third quarter of 2021 and 20.7% in Q2, Food Dive reported. Shares are down over 30% for the year, but some analysts see that as an opportunity — and in some cases, a stellar opportunity. Two of three analysts reported by Yahoo Finance give the stock a “strong buy” or “buy,” with an average target price of $33. Even newer to the public market than Beyond Meat is Laird Superfood, a company that grew out of a single, supercharged coffee creamer concocted by surfing star Laird Hamilton. Despite the unfortunate timing of September 2020, Laird’s IPO was a smashing success. It didn’t hit triple digits like Beyond Meat, but its shares did jump 75% from their initial price at the start of the day, according to Barron’s.
The vegan lifestyle and the food products that go with it have seen massive growth due to the younger generation emphatically rejecting meat and cattle farming. It’s a booming industry that will continue to go from strength to strength. 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.
- The company says its raw materials come from plants and have a ‘minimum impact on the environment’.
- Fast-food chains, like Burger King, Carl’s Jr and Del Taco, have captured media attention within the past few years by offering vegan meat supplied by Beyond Meat.
- 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).
- On another note, there is a fair number of popular companies that are not currently publicly traded, such as Impossible Foods.
- 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.
- BYND shares are trading at their lowest levels since the February 2021 growth stock bubble.
This facility will give Burcon the means and resources to start producing, at scale, plant protein for Nestle. Another way to play the vegan revolution in frozen foods is by buying Maple Leaf Foods. Since Turtle Island Foods is a completely private company at the moment, you cannot invest in it. Considering it’s been able to grow organically without raising outside capital, it’s unlikely that this will change any time soon. New vegan stocks don’t come along often, so don’t expect to get many alerts. I have a few alerts with different variations of “vegan stocks” and “vegan IPO” that I monitor.
U.S. Vegan Climate ETF
The Hain Celestial Group, Inc. (HAIN) is one of the leading organic food and natural products manufacturers globally and ranks 8th in our list of the 10 best vegan stocks to buy now. The New York-based organic product company offers vegan and vegetarian meals through its Yves Veggie Cuisine brand and non-dairy beverages and dessert through its Natumi brand. With just a $180 million Kraken Review 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. This is a list of vegetarian and vegan companies that do not use animal products or animal-based products in their goods.
The value of your investments can go up and down, and you may get back less than you invest. If you’re not sure which investments are right for you, please seek out a financial adviser. 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.
- Her expertise is in financial product reviews and stock market education.
- LSF stock trades at a ridiculously low price to sales ratio of 5, which makes LSF shares the best overall value out of all the stocks on this list (from a P/S ratio analysis).
- Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed.
- 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.
- 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.
- Analysts 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.
The company’s products include plant-based proteins such as ultra-high-protein soy and yellow peas. Benson Hill believes that plants with higher protein content will displace the need for expensive energy- and water-intensive processing when producing the protein ingredients used in plant-based meat alternatives. Environmental, social and governance (ESG) investments have become increasingly popular over maxitrade information about the broker – broker overview the past few years. But as a key part of this growing conscientiousness, plant-based food stocks in particular stand to benefit. 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. The company’s most recent earnings report announced an EPS of $1.93, surpassing analyst expectations of $1.64.
Jessica is a published author and copywriter specializing in personal and investment finance. Her expertise is in financial product reviews and stock market education. The company is experiencing a large growth opportunity to increase its production capacity by 2,690 percent, with 37 million pounds of annualized product throughout 2021. Because penny stocks are priced lower than those in major stock exchanges, you don’t need a lot of money to purchase a penny stock, which offers an accessible path to stock trading. However, as we see more vegan companies hit the market, vegan penny stocks are sure to follow. The company’s strong vision and goal to be the most sustainable company in the world is undoubtedly the key to its success.
After this frozen food giant moved into the green market with their Greenleaf subdivision, sales profits increase from 6% to as much as 30%. 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. 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. 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.
The vegan arm has seen a massive resurgence in popularity for the bootmaker, and they’ve embraced that cultural shift in a big way with a complete line of vegan boots. The IPO went to market in January with initial interest making it likely Dr. Martens will release more xtreamforex: a broker review stocks. This will give the company its first taste of a genuinely countrywide market and introduce new customers to what many call the best food you can have without murdering animals. Behind every veggie burger or sausage is a company like Burcon NutraScience.
Vegan Companies That May Go Public in The Future
Indeed, just last week, the company closed on a previously announced $550 million private offering of 8% senior secured notes due in 2028. The offering effectively pushed back B&G’s previous obligation to repay a tranche of notes due in 2025, which had a lower 5.25% interest rate. In the latest quarter, PlantX generated over $4 million in gross revenue with net losses of 9 cents per share. PlantX is a Canadian-based e-commerce company that serves as a one-stop-shop for everything plant-based.
Vegan Stocks to Invest In: Public Companies [2023 UPDATED]
Plant-based foods, vegan foods, and plant-based alternatives are set to explode in value, making them a good investment in the long term. The frozen food industry at large has benefited since the COVID-19 pandemic began, as people continued stuffing freezers full of frozen foods so they wouldn’t go bad. Consumers also liked that they wouldn’t need to frequently visit the public grocery store as often. The industry as a whole is still in its early growth stage, with plenty of room for development. Investors know this, so they keep a close eye on these budding businesses and vegan stocks.
Else Nutrition (BABYF) – Best OTC Microcap Plant Based Stock
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.
Anyone looking to get in on a specialized niche within the larger vegan industry might consider buying a few shares of Else Nutrition, a smaller company that deals specifically in vegan infant food. Based in Israel, Else Nutrition makes a plant-milk formula for babies that is currently undergoing regulatory procedures, plus a formula for toddlers and a nutritional product suitable for children of any age. Impossible Foods was looking at going public at a valuation of at least $10 billion, Reuters reported in April. Shares are currently over 30% down so far this year, possibly due in part to actual selloffs during spikes in price. People have become far more aware of what they’re eating, contributing to the growing number of those who follow a vegan diet. Others have adopted a vegan diet because of concerns about the cruelty and suffering experienced by animals on factory farms or about the harm the meat and dairy industries cause to the environment.
PEOPLE
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. More and more people are choosing to adopt a plant-based diet — either permanently, or to take part in events like veganuary.
When someone is new to veganism, their research will point to the biggest companies in the industry. Companies will grow, and others will emerge to follow in their footsteps. Additionally, social media and internet surfing have given rise to a group of like-minded individuals, vegan investors.
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