3 Top Vegan Stocks to Invest in for World Vegan Day

To celebrate World Vegan Day, we've put together a list of three promising vegan companies that investors can really sink their teeth into
Nov. 1, 2021
Unlock Free Stock Insights + 50% Off Discount Code!
Join thousands of savvy investors and get:
  • Weekly Stock Picks: Handpicked from 60,000 global options.
  • Ten Must-Have Stocks: Essential picks to hold until 2034.
  • Exclusive Stock Library: In-depth analysis of 60 top stocks.
  • Proven Success: 10-year track record of outperforming the market.
Sign up to our mailing list now and enjoy a 50% discount on premium services!
By submitting your email address, you consent to us keeping you informed about updates to our website and about other products and services that we think might interest you. You can unsubscribe at any time. Please read our Privacy Policy and Terms of Use.

When it comes to the food industry, one thing is certain: there's always going to be a market. Everyone has to eat after all, but how and what we eat is constantly changing. As the world becomes more aware of the potential negative effects of foods like dairy or meat, we have had to develop alternatives to fill our plates with. 

A push towards conservationism and heightened awareness around how exactly food gets from the farm to our plate has also sparked the calls for change. Consumers are now looking for ethical, but still tasty, alternatives to meat products. 

Plant-based products have been one of the real success stories to arise from this culinary paradigm shift. Veganism is growing steadily across the world, with plant-based foods now a $7 billion market in the U.S. alone. This has allowed companies to grow rapidly along with this burgeoning market, and some of them could be potentially very profitable for investors.

Beyond Meat

Beyond Meat (NASDAQ: BYND) was founded in 2009 and became one of the first major players in the plant-based food game. It has developed some exceptionally lucrative partnerships, with companies such as Walmart and Target stocking its products. It also linked up with fast-food giant McDonald's to provide the chain's first-ever vegan burger. 

Share prices certainly took a hit through the COVID-19 pandemic, but investors should be optimistic that the company can bounce back as the world reopens and demand for vegan products continues to rise.

Read more here.

Tattooed Chef

Tattooed Chef (NASDAQ: TTCF) went public in 2020 and offers "plant-based foods for everyone." The company looks to tap into the demand for ethical, sustainable, ready-to-eat products. Promising financial reports this year show that the company has increased Q2 revenue by 45% year-over-year (YoY), and it continues to reinvest in itself to fuel future growth. High insider ownership is another good sign, with the CEO and his family owning roughly half of the business. Tattooed Chef is another company suffering following the pandemic, but investors will be hopeful of a rally in the coming months.

Read more here.

U.S. Vegan Climate ETF

Exchange-traded funds (ETFs) are often seen as a less risky way to invest than simply investing in individual companies. They allow you to invest in a specific industry or sector while maintaining a degree of stock diversification.

The U.S. Vegan Climate ETF (NYSE: VEGN) is an ETF that specifically tracks large U.S. companies that are animal friendly, humane, and good for the environment. Veganism is more than a dietary trend, it's a lifestyle that promotes sustainability and choices that help our environment. Investing in an ETF such as this offers you a chance to ensure that your investments align with your personal views. 

According to the fund, it intends to "address the concerns of vegans, animal lovers, and environmentalists by avoiding investments in companies whose activities directly contribute to animal suffering, destruction of the natural environment and climate change."

To find other worthy investments, check out MyWallSt's shortlist of market-beating stocks. Click here to get free access.


Unlock Free Stock Insights +50% Off Discount Code!
Join thousands of savvy investors and get:
  • Weekly Stock Picks: Handpicked from 60,000 global options.
  • Ten Must-Have Stocks: Essential picks to hold until 2034.
  • Exclusive Stock Library: In-depth analysis of 60 top stocks.
  • Proven Success: 10-year track record of outperforming the market.
Sign up to our mailing list now and enjoy a 50% discount on premium services!
By submitting your email address, you consent to us keeping you informed about updates to our website and about other products and services that we think might interest you. You can unsubscribe at any time. Please read our Privacy Policy and Terms of Use.

The Home of Successful Investing.

© 2024 MyWallSt Ltd. All rights reserved.


Services

Content

Social

Company

Support

Resources


This website is operated by MyWallSt Ltd (“MyWallSt”). MyWallSt is a publisher and a technology platform, not a registered broker-dealer or registered investment adviser, and does not provide investment advice. All information provided by MyWallSt Limited is of a general nature for information and education purposes, and you should not construe any such information as investment advice. MyWallSt Limited does not take your specific needs, investment objectives or financial situation into consideration, and any investments mentioned may not be suitable for you. You should always carry out your own independent verification of facts and data before making any investment decisions, as we cannot guarantee the accuracy or completeness of any information we publish and any opinions that we publish may be wrong and may change at any time without notice. If you are unsure of any investment decision you should seek a professional financial advisor. MyWallSt Limited is not a registered investment adviser and we do not provide regulated investment advice or recommendations. MyWallSt Limited is not regulated by the Central Bank of Ireland. MyWallSt Limited may provide hyperlinks to web sites operated by third parties. Your use of third party web sites and content, including without limitation, your use of any information, data, advertising, products, or other materials on or available through such web sites, is at your own risk and is subject to the third parties' terms of use.