Besides the innovation of meatless animal protein alternatives, rising consumer understanding of the health hazards of consuming too many animal products and the ethical and environmental consequences of animal agriculture is fueling the demand for vegan foods worldwide. One of the widely popular vegan companies in the global market is California-based vegan food startup Impossible Foods. In April 2019, Impossible Foods collaborated with Burger King to introduce the Impossible Whopper. .Major food companies know that plant-based food popularity will only grow in the coming years as the vegan trend becomes a norm worldwide. Danone S.A.’s portfolio was diversified by the acquisition of WhiteWave, which includes Silk’s nut and soy milk line and Vega’s plant-based protein shakes. Despite the growing availability of vegan food products, the industry is still in its early growth stage, with plenty of space for development.
Insider Monkey gives a list of the 10 best vegan stocks to buy now. Headquartered in Paramount, California, Tattooed Chef, Inc. offers ready-to-cook vegan and vegetarian bowls such as Plant-based Burrito bowls and Veggie Hemp bowls. Among the plant-based food products that the company sells are smoothie bowls and cauliflower pizza crusts which are available in 4,300 retail outlets in the U.S., and Tattooed Chef’s online shop. B&G Foods produces shelf-stable and frozen food. They are based in New Jersey. Farmwise LLC produces vegan frozen foods, including Veggie Fries, Veggie Rings, and Veggie Tots. The Hain Celestial posted its fourth consecutive quarter of sales growth following a 4% increase in net sales compared to 506.8 million in the same quarter in 2019. McDonald’s Corporation launched a three-year partnership with Beyond Meat, Inc., as the fast-food chain adds McPlant to its menu that will be released this year in select sites in Sweden and Denmark. Chicago-based consumer and commercial food manufacturer Conagra Brands, Inc. produces shelf staples, frozen food, and restaurant food products such as sauces and meals. Among the company’s vegan and plant-based brands are Gardein, Birds Eye, Log Cabin, and Duncan Hines, acquired from the $10.9 acquisition deal of Pinnacle Foods in October 2018. More facts await as you click to read 10 Best Vegan Stocks to Buy Now.
