7 Best Vegan Stocks for 2024

April 9, 2024

7 Best Vegan Stocks to Buy in 2024

7 Vegan Stocks  to Watch this year

The vegan revolution isn't a fad, it's the future. Consumers are ditching animal products in droves, and that spells massive profits for savvy investors. These companies are leading the plant-based charge, and their stocks could power up your portfolio in 2024.

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7 Best Vegan Stocks to Buy in 2024

The vegan revolution isn't a fad, it's the future. Consumers are ditching animal products in droves, and that spells massive profits for savvy investors. These companies are leading the plant-based charge, and their stocks could power up your portfolio in 2024.

Beyond Meat, Inc. (BYND)

Dynamic Stock Chart for TICKER BYND

The pioneer in plant-based meat alternatives. They've faced some recent stumbles, but the long-term potential of the plant-based protein market is massive. A turnaround in Beyond Meat's fortunes could send their stock skyrocketing.

  • Market Leader: Huge brand recognition and partnerships with major restaurant chains.
  • Slumping Sales: Need to regain momentum and fend off growing competition.
  • Innovation Matters: Their ability to launch successful new products is key.

Oatly Group AB (OTLY)

Dynamic Stock Chart for TICKER OTLY

The world's largest oat milk company. They're betting on the continued rise of plant-based dairy alternatives as consumers ditch traditional milk for health and environmental reasons.

  • Oat Milk Craze: They've captured a huge share of the rapidly growing oat milk market.
  • Expansion Potential: Moving into new product categories beyond milk alternatives.
  • Supply Chain Woes: Production bottlenecks have hampered their growth in the past.

The New Digital America: How to Profit from the Historic Shift

Texas Oil Stock

A strange new day is coming to America in 2024. The way we shop, travel, communicate, and do business is being reshaped by emerging technologies like AI, blockchain, and cloud computing.

This digital transformation, accelerated by the pandemic, is creating an entire new class of wealth-building opportunities. Stocks that could soar 100% to 500% or more by taking advantage of this "New Digital America."

Legendary Wall Street analyst Marc Chaikin has developed a powerful system to pinpoint these future money-making stocks before the big money piles in. His proprietary "Power Gauge" uses 20 market factors to predict which under-the-radar stocks will be rated a BUY by Wall Street in the months ahead.

Don't miss your chance to get ahead of this massive wealth shift. Follow Marc's #1 stock pick for the New Digital America before it's too late.

Ingredion Incorporated (INGR)

Dynamic Stock Chart for TICKER INGR

Not a pure-play vegan company, but a major supplier of ingredients to the plant-based food industry. Their success is tied to the broader growth of the plant-based food sector, offering some diversification.

  • Behind-the-Scenes Supplier: Benefits from the rise of plant-based products across multiple brands.
  • Broader Market Exposure: Their business also includes non-vegan ingredients.
  • Growth Potential: Actively developing new ingredients tailored to plant-based food companies.

Tattooed Chef, Inc. (TTCF)

Dynamic Stock Chart for TICKER TTCF

Their focus is on plant-based frozen meals and snacks. They target consumers seeking convenient and tasty vegan options for busy lifestyles.

  • Convenience Focus: Appeals to time-strapped consumers seeking healthy, plant-based meals.
  • Growing Distribution: Found in major grocery chains, increasing their reach.
  • Competition Intense: The plant-based frozen food space is getting crowded.

Laird Superfood, Inc. (LSF)

Dynamic Stock Chart for TICKER LSF

They offer plant-based coffee creamers, snacks, and other functional food products. They emphasize premium ingredients and health benefits in their marketing.

  • Wellness Angle: Positions their products as healthier alternatives within their categories.
  • Brand Power: Growing recognition, especially among health-conscious consumers.
  • Niche Market: May limit their potential reach compared to broader plant-based food companies.

Else Nutrition Holdings Inc. (BABYF)

Dynamic Stock Chart for TICKER BABYF

Focuses on plant-based nutrition products for babies, toddlers, and children. This niche within the vegan market could offer huge growth potential as parents seek healthier alternatives for their kids.

  • Untapped Market Potential: Relatively few plant-based options in this age category.
  • Brand Building: Still in the early stages of establishing widespread recognition.
  • Regulatory Scrutiny: Infant nutrition products face strict regulations, which could pose a hurdle.

The Very Good Food Company Inc. (VERY)

Dynamic Stock Chart for TICKER VERY A Canadian plant-based meat alternative producer with a growing product line. They're expanding distribution and aiming to become a major player in the North American market.

  • Canadian Contender: Potential to carve out a significant niche in their home market.
  • Product Expansion: Launching new plant-based products under their 'The Very Good Butchers' brand.
  • Smaller Scale: Less established than giants like Beyond Meat, making them a riskier play.

The Bottom Line

The plant-based revolution is far from over. These vegan stocks offer exposure to a booming market, but they also carry risk. Winners do their research, pick their battles wisely, and invest for the long haul. Miss out on this green wave, and you'll regret watching others feast on plant-based profits!

About the author 

Jenna Lofton, an expert in stock trading, investing, and financial planning, combines over a decade of experience with rigorous academic training. Holding dual MBAs in Finance and Business Administration from the University of Maryland, Jenna's expertise is grounded in a deep understanding of the financial markets. Her career, which started on Wall Street, has evolved into empowering others through her insights and analyses in the dynamic world of finance.

Based in New York City, Jenna's approach is informed by her hands-on experience as a former financial advisor and her keen observation of market trends. She is known for translating complex financial concepts into actionable strategies, making her a valuable resource for both seasoned investors and newcomers to the stock market. Her commitment to financial literacy and her ability to demystify investment principles have made her a respected and authoritative voice in the investment community.

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