Vegans had been around for a long time. However, recent generations have been the biggest propagators of plant-based foods. Today, Americans and Europeans don’t see meat processed food as classic meals. Hot dogs, burgers, and steaks don’t carry the aura they used to carry decades ago. Health hazards caused by meat are now evident to people. Apart from being unhealthy to the liver, large-scale meat processing contributes to global warming.
Recent surveys had shown the propensity of newer generations to favor plant-based food over meat-based food. Does that spell the end for meats?
No, it doesn’t. People would still consume animal meat on a large scale. However, plant-based food processing would increase exponentially. Unlike previous decades, consumers would love to consume more plant-based products than before. This is a big boost for the vegan industry. They are rising and still going to rise over the coming years.
Allied Market Research predicted the vegan food industry to grow by 10.5% in 2026 and an over 30% growth on plant-based meat annually. That would be a rate higher than the overall food industry.
This brings the limelight to plant-based stocks. There are many food companies already promoting plant-based food or are completely plant-based. Since the general rule of investment is to invest when the market has big future potentials, this could be the right time to invest in vegan stocks. Here are some well-known vegan stocks you can invest in in 2022.
Beyond Meat (BYND)
Well, the plant-based meat industry is projected to grow over 30% annually and Beyond Meat (Nasdaq:BYND) is already a frontrunner. The company produces meatless alternatives to many foods. Its burgers, pizzas, sausages, amongst other meat-based, fast goods, are meatless. That is, you can still enjoy a regular American snack even if you are vegan.
Moreover, Beyond Meat brand boasts of a very reputable brand. It is known as the face of the vegan food industry. Being a vegan frontrunner, it had been able to leverage its advantage to streamline the production and distribution of meatless fast foods and groceries around the country.
It is safe to say that Beyond Meat leads the vegan industry. And if vegan foods would bring big profits in the next few years, Beyond Meat is a no-brainer investment.
Tattooed Chef (TTCF)
Another frontrunner in the vegan food industry is the Tattooed Chef (Nasdaq:TTCF). The company boasts of a good portfolio of organic plant-based frozen foods. Its products are also free of GMO and protein-rich. Products sold by Tattooed Chef include Zucchini Spirals, Mac and Cheese, Mexican Street Corn, amongst many others.
Being a plant-based start-up, Tattooed Chef had made big profits and scaled year in year out. Its sales increased by 47% in 2018, 77% in 2019, and 101% in 2020. The company isn’t showing any signs of slowing down after hitting a $55 billion value from a paltry $1.6 billion.
What makes Tattooed Chef different is its focus on health-enhancing foods. They don’t just sell products for being plant-based, they effectively serve the new generation of health-conscious individuals. The value of Tattooed Chef stocks is only going to rise as ‘vegan food evolution’ gains ground
Burcon NutraScience (BRCN)
Plant-based food evolution is essentially creating a capable alternative. Generational meat lovers who want to stop taking them would need plant-based meat that serves as an alternative to what they love. This technology behind that is extracting protein from plants and Burcon NutraScience is a front runner.
Burcon NutraScience (Nasdaq:BRCN) does the hard part of producing plant-based meats and food, protein extraction. Soy, pea, canola, and oat proteins are extracted to make the best food. It is so difficult that vegan front runners like Beyond Meat to get proteins from its suppliers. They can’t extract it themselves.
Meanwhile, Burcon is not a new plant revolution company at any length. It has been a protein extractor for over 20 years. It has had a reputation for making the best protein extraction for years.
Recently, the company signed a partnership deal with a beverage production giant, Nestle. It also established a pea and canola protein extraction plant in Canada in 2020. This gives it the ability to supply plant protein to Nestle on a large scale.
For the vegan industry to thrive, plant protein extraction is indispensable and Burcon NutraScience is at the forefront. Investing in its stocks now could be a shrewd investment.
Laird SuperFood (LSF)
Clearly, many vegan lovers would jump at Nestle creamers alternative if they see one, Laird Super Food’s foremost product, Original Superfood Creamer, had come to challenge the creamer market.
Named after the legendary Laird Hamilton, Laird Superfood (NYSE: LSF) produces a creamer concoction that Lewis Hamilton always took daily to sustain his energy. This concoction includes coconut, Aquamin, and plant-based fat mixture. This brought about the idea of Laird Superfood.
The creamer is now its foremost product. It has been a big success in the market. It had been well received for its compatibility with coffee and energy-giving features.
As a result, Laird Superfood sales had risen exponentially. It had an over 2000% increase in sales between 2016 and 2019. Its 2020 sales increase was 100%. It takes a $20 million share of the $3 billion worth of the creamer market. Vegan creamers are now the front gunners in the creamer market and Laird Superfood is one of its reputable brands.
It is no more secret that new generation and health-conscious consumers are now edging towards the consumption of plant-based foods. The plant-based food industry could be the next food revolution in the US and Europe. It would be outrageous not to invest in the potentials that plant-based food industries hold.