Food is an extremely lucrative industry where major companies and new entrants are relentlessly trying to outdo each other through taste, safety and transparency, innovation, and product differentiation, as well as capitalizing on new trends like plant-based meat alternatives that are often touted as a solution to food security problems. The Kraft Heinz Company, a large-cap multinational food company based in the US, reported a 7% increase in organic ketchup sales as restaurants loaded up on the condiment last year fearing a shortage. Amazon, the Washington-based retail company, is forecast to overtake food industry giant Walmart Inc. Amazon is a disruptor in the food industry, which entered the market with its purchase of Whole Foods. Beyond Meat, a Los Angeles-based alternative meat provider has also grown by leaps and bounds in the past few years. It has also introduced a new type of plant-based meat that is cheaper and healthier than previous iterations. Global management consultancy McKinsey claims that data-driven innovation is going to drive the food industry forward in the next few years.
Insider Monkey shares a list of 10 best future food stocks to invest in today. Dover Corporation is an Illinois-based industrial firm with significant stakes in the refrigerated food equipment business. The company makes and sells refrigeration systems, refrigeration display cases, commercial glass refrigerators, and freezer doors, and brazed plate heat exchangers for industrial-scale heating and cooling. BRF S.A concentrates on raising and slaughtering animals for meal production and other products. It sells frozen whole and cut chicken, frozen pork, beef, processed food products, and frozen processed meats like hamburgers, steaks, breaded meat products, kibbeh, and meatballs. The Kroger Co. operates more than 2,700 stores in more than 30 US states. The firm is famous for a grocery-pharma store model that sells fresh food items as well as medicines. Mondelez International, Inc. is a Chicago-based multinational food company. It sells food, beverages, and snacks in more than 160 countries around the world. Ingles Markets, Incorporated declared a quarterly dividend of $0.165 per share on March 29, in line with estimates. It also approved a $2 million share repurchase program earlier that month, which left close to 20 million shares outstanding in the firm. Check for more details in Insider Monkey’s article 10 Best Future Food Stocks to Invest in Today.
