Plant-based eating has been around for a long time but it’s only recently that veganism has become a profitable business. There’s a growing number of consumers who are shifting into a healthier lifestyle by going vegan. If you’re looking into businesses that are worth investing in then this article is for you.
Today, we’ll talk about my five top vegan stock picks for 2022.
OTLY went public back in May 2021 but the company has been around since the 1990s. Since then, it’s been developing oat-based dairy product substitutes including cooking creams, yoghurt, spreads, and more.
The Swedish oat milk brand has made a mark in the plant-based milk category. It now ranks as the second best-selling milk alternative, beating soy milk and ranking next to almond milk.
OTLY’s products are available in more than 65,000 retail stores and 60, 000 coffee shops. Within the last nine months, the company posted revenue of $457.3 million, marking a 55.4% increase from the numbers posted the year before.
HSBC recently upgraded its rating on the company from Reduce to Hold. The year 2022 will be pivotal for the business as it will reveal whether its decision to expand into Mainland China was a good move or if its choice was made too early by the European business.
Nevertheless, the company is performing well when it comes to global expansion, creating a market-leading brand and encouraging consumers to purchase healthier options such as their plant-based milk substitutes.
- At Close = 6.88
- 52 Week Range = 6.11 – 29.00
- Market Cap = 4.071B
Beyond Meat is one of the leading companies offering plant-based meat substitutes. The company was enjoying a triple-digit revenue rate before the coronavirus pandemic. The massive increase in their profits can be attributed to the widespread availability of their products at supermarkets and restaurants.
Beyond Meat was proud to report back in September 2021 that their products are available at 128,000 stores in more than 85 countries. The company continues to create new vegan meat substitutes including plant-based chicken tenders. It excels in creating new products and spends 10% of its revenue on research and development.
The company’s stock jumped when its partner McDonald’s announced that it would conduct a test rollout of its plant-based burger in 600 of its stores in Dallas-Forth Worth and San Francisco. McPlant will be available starting February 14 until supplies last. The latest product offered by McDonald’s has been introduced in the U.K., Austria, the Netherlands, Sweden, and Denmark.
Beyond Meat stock also rose when news broke that its partner PepsiCo plans to release a vegan beef jerky snack. The company also partnered with KFC as the latter added its plant-based chicken nuggets to its menu for a limited time starting January 10.
- At Close = 58.68
- 52 Week Range = 53.10 – 183.75
- Market Cap = 3.716B
The Very Good Food Company
The Very Good Food company is a plant-based food technology company that develops nutritious meat and cheese products that are plant-based under its core brands, The Very Good Butchers and The Very Good Cheese Co. The company aims to help people make better food choices by offering them their plant-based food products. The company’s products are available in the United States and Canada. Its products are offered in 175 stores in 20 cities in North America.
The Very Good Food company recently received notification about minimum bid requirements from Nasdaq’s Listing Qualifications Department. The company was notified that its common shares has closed down below Nasdaq’s minimum requirement of $1.00 per share for the past 30 days. However, The Very Good Food company is confident that they will organically regain compliance with the requirements as they expand their presence in U.S. retail.
- At Close = 0.6197
- 52 Week Range = 0.4610 – 2.9800
- Market Cap = 73.413M
Another plant-based food company that’s capitalizing on the growing number of health-conscious consumers is Tattooed Chef. The brand is capitalizing on the growing healthy eating food trends and it’s definitely one of the businesses that you need to be investing in.
The company offers more than 200 plant-based products. It’s also expanding into new areas by exploring healthy dessert and family meal options. The company aims to dominate the plant-based market, which is expected to grow to $37 billion in 2027.
A report by Zacks revealed that Tattoed Chef is expected to report $51.07 million for its first-quarter sales. It will be a significant increase compared to its posted sales of $39.60 million during the same period last year. The rise will also mark a 29% year over year growth rate. The company is scheduled to announce its earnings results on March 9, 2022. Analysts also expect its full-year sales to reach $213.12 million for its current year.
- At Close = 11.93
- 52 Week Range = 10.89 – 25.73
- Market Cap = 978.05M
SweetGreen went public in November 2021 at a rate of $28 a share. Analysts are optimistic and believe the company will shake up the restaurant industry. The fast-casual salad chain is the first of its kind to go public. Similar brands such as Dig and Just Salad are expected to follow suit.
Although it’s still small, the company is poised to lead the integration and technological innovation in the restaurant industry. Sweetgreen has been around since 2006. Since its inception, the company has managed to create a loyal following. It offers a menu of customizable salads and warm bowls that appeal to health-conscious individuals who are looking for healthier food options.
SweetGreen has managed to recover from pandemic lows. Currently, the company operates in 140 restaurants located in 13 states and Washington. It plans to double its presence in the restaurant industry within the next five years.
The company recently opened its West Palm Beach location at the Square. The restaurant spans 3,000 square feet big. It has a spacious indoor dining space and an outdoor dining patio.
The West Palm Beach menu focuses on seasonal specials and includes the Steelhead Remoulade. They also offer the Guacamole Greens and the brand’s popular bowls such as the Crispy Chicken Salad bowl and the Miso Bowl.
- At Close = 26.80
- 52 Week Range = 21.30 – 56.20
- Market Cap = 2.868B
Laird SuperFood is another company that you should consider investing in in 2022. Founded by athletes Laird Hamilton and Gabrielle Reece in 2015, this vegan company creates nutrient-rich and plant-based coffee creamers, beverage enhancing supplements, and hydration products.
Compared to other vegan brands, Laird SuperFood concentrates more on healthfulness. The company claims that its existing products are already serving a multimillion-dollar market. But, it aims to expand its presence in the retail industry and develop new product lines.
- At Close = 6.81
- 52 Week Range = 6.56 – 55.99
- Market Cap = 61.659M
That’s it for today. So, if you’re interested in investing in vegan stocks, please consider the companies we’ve discussed today. We have personally invested in beyond meat and Tattoed chef (TTCF) and are planning to invest even more. We are considering investing in OTLY too.
Again, I am not a financial advisor, so this is only our opinion, please advise you to do your own research if you wish to invest in any of these 5 stocks.
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You can also check out my previous blogs such as ” The Benefits of Regular Investment“.
Recommended books for further reading:
- Stock Market Investing For Beginners: The Investment Guide – How to benefit from the crisis, invest in stocks and generate long-term passive income incl. ETF and Stock Picking Checklist
- Intelligent Investor: The Definitive Book on Value Investing – A Book of Practical Counsel
- How to Make Money in Stocks: A Winning System In Good Times And Bad
- Investing QuickStart Guide: The Simplified Beginner’s Guide to Successfully Navigating the Stock Market, Growing Your Wealth & Creating a Secure Financial Future
- The Five Rules Successful Stock Investing: Morningstar’s Guide to Building Wealth and Winning in the Market
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- Passive income
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- Interactive Brokers
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