Should you invest in plant-based stocks?

Plant-based stocks may have a place in your portfolio, but it’s okay to be selective. Kroger ( KR ): Invest in the last three feet of the plant-based supply chain. Ingredion ( INGR ): The company is a leader in developing plant-based proteins. Oatly ( OTLY ): A penny stock that showcases the risk and reward in this sector.

Is the plant-based food sector a good investment?

With a nearly 12 percent compound annual growth rate forecast over seven years, the plant-based food sector represents a high-growth opportunity for investors. In fact, Future Market Insights projects that the global plant-based food market will be worth as much as US$34.5 billion by 2032.

What drives plant-based stocks?

Factors like healthy eating trends, environmental concerns, and technological innovations drive plant-based stocks. As a lifestyle and diet, veganism has been around for millennia, but only recently has plant-based eating become big business. Companies such as Beyond Meat (BYND 0.0%) and Oatly (OTLY -2.1%) command multibillion-dollar valuations.