With economic uncertainty and shifting consumer preferences, many investors are turning to growth sectors like plant-based food, which continues to gain traction.
As more people embrace healthier and sustainable eating habits, these companies are well-positioned to benefit.
Here are 10 plant-based food stocks that could offer strong returns in the evolving market.
10 Stocks That Can Benefit from Plant-Based Food Trends
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Here are a few of our favorite stocks from this list.
Oatly Group (OTLY)
- Market Cap: $258 million
- Industry: Food Products
- Analyst Upside: 184%
- P/E Ratio: -3.4
Company Overview: Oatly Group AB is a leading producer of plant-based oat milk and other oat-based products. Its key offerings include oat drinks, ice cream, yogurt, and cooking products, which are primarily marketed under the Oatly brand.
Business Strategy: Oatly generates revenue by selling plant-based oat products to retailers, food service chains, and direct consumers. The company is focused on expanding its global footprint, increasing production capacity, and capitalizing on the growing demand for plant-based alternatives as consumers shift toward more sustainable diets.
Recent Developments:
- Earnings & Profitability: Oatly has faced challenges with profitability as it continues to invest heavily in scaling operations and expanding production. However, the company is still expanding.
- Growth Trends: The company is experiencing strong growth in North America and Europe, while ramping up its presence in Asia, particularly China, to capitalize on the increasing demand for plant-based products.
- Shareholder Returns: While Oatly has yet to achieve consistent profitability, its long-term growth potential remains strong as it continues to build brand awareness and partnerships with major retailers and food chains.
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SunOpta (STKL)
- Market Cap: $500 million
- Industry: Food Products
- Analyst Upside: 162%
- P/E Ratio: 25.0
Company Overview: SunOpta (STKL) is a plant-based food and beverage company that specializes in non-dairy milks, fruit-based snacks, and ingredients for the natural and organic food industry. Its core operations serve both private-label partners and branded consumer goods companies.
Business Strategy: SunOpta generates revenue by manufacturing and distributing plant-based beverages and fruit snacks at scale. The company is focused on growing its plant-based segment, improving margins through operational efficiency, and expanding its footprint with strategic co-manufacturing partnerships.
Recent Developments:
- Earnings & Profitability: SunOpta’s margins have improved following the sale of its frozen fruit business, allowing it to double down on higher-growth, higher-margin categories.
- Growth Trends: The company is investing in capacity and automation to support long-term growth in the plant-based beverage space.
- Shareholder Returns: Management is currently focused on reducing debt and driving consistent free cash flow, which should benefit shareholders.
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Beyond Meat, Inc. (BYND)
- Market Cap: $194 million
- Industry: Food Products
- Analyst Upside: 43%
- P/E Ratio: -1.7
Company Overview: Beyond Meat, Inc. is a leading producer of plant-based meat alternatives, offering products designed to replicate the taste and texture of traditional animal-based meat. Its key products include plant-based burgers, sausages, and ground meat, sold under the Beyond Meat brand in supermarkets and restaurants.
Business Strategy: Beyond Meat generates revenue by selling plant-based meat products to retailers, food service providers, and restaurants. The company aims to expand its market share by increasing product availability, improving taste and quality, and tapping into global demand for sustainable and healthier food alternatives.
Recent Developments:
- Earnings & Profitability: Beyond Meat has faced challenges with profitability, as rising production costs and increased competition have impacted margins, despite a strong top-line performance in some markets.
- Growth Trends: The company is expanding its product range and international presence, with a focus on partnerships with fast-food chains to increase product visibility and adoption.
- Shareholder Returns: Beyond Meat continues to prioritize reinvestment into R&D and marketing while working to return value to shareholders through strategic partnerships and long-term growth prospects.
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TIKR Takeaway
These 10 plant-based food companies will likely benefit from the long-term rise of plant-based food products.
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Disclaimer:
Please note that the articles on TIKR are not intended to serve as investment or financial advice from TIKR or our content team, nor are they recommendations to buy or sell any stocks. We create our content based on TIKR Terminal’s investment data and analysts’ estimates. Our analysis might not include recent company news or important updates. TIKR has no position in any stocks mentioned. Thank you for reading, and happy investing!
