Should you buy plant-based food stocks?

Sometimes, even the most boring stocks hold big potential. Look at plant-based food stocks, for example. While these may not be the most exciting stocks, statistics point to strong future growth. Younger generations, including Generation Z, just saw a five percentage-point increase in their adoption of plant-based food since 2021.

What is the market cap of a plant-based food stock?

Market cap: US$1.11 billion 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. Today, the company’s plant-based meat alternatives can be purchased in grocery stores and restaurants across the globe.

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.