Top Performing Vegan Stocks

Stay up to date on all vegan stocks with Benzinga Pro, your go-to stock market research platform with real-time news and actionable insights.

The vegan food industry has exploded over the last several years. In response, numerous companies have gone public, meaning you can now find them listed in the stock market and add a few shares of your favorite vegan stocks to your portfolio. 

The question is, where do you start? While that is a decision you will have to make for yourself, you can narrow down your options by learning about eight of the best vegan stocks on the market. 

Quick Look at the Top Vegan Stocks:

Deep Dive

If you want to support the brands that manufacture your favorite vegan food products, consider investing in these stocks.

1. Mission Produce Inc. (NASDAQ: AVO)

Mission Produce purchases avocados from its global network of suppliers and owns thousands of acres of land. In addition to selling avocados, Mission Produce also buys and sells mangoes. Rising produce prices could bode well for the company’s future outlook. 

2. AppHarvest Inc. (NASDAQ: APPH)

AppHarvest is a vertical farming brand that grows tomatoes but plans to begin growing other fruits and vegetables in the near future. It is also expanding its product line to include things like salsa, the first batch of which sold out quickly. If you want an affordable stock with lots of upside, AppHarvest may be a good match for your portfolio. 

3. Local Bounti Corp. (NYSE: LOCL)

Local Bounti is an ag-tech company that focuses on vegan food products. The brand grows herbs and lettuce using its patented agriculture technology, which combines hydroponic greenhouse and vertical farming principles. Local Bounti is a vegan stocks sleeper that may fly under investors’ radars, at least for now. 

4. Tattooed Chef Inc. (NASDAQ: TTCF)

Tattooed Chef is one of the biggest players in the plant-based frozen-food space. The company went public a few years ago, but it has been growing rapidly since then. If the company can make the leap to international sales, it could experience meteoric growth. 

5. Oatly Group (NASDAQ: OTLY)

Oatly specializes in producing oat milk and has gained a strong foothold in the plant-based milk vertical over the last couple of years. While oat milk still falls behind almond milk in terms of sales, it has surpassed soy milk. The company can be a good addition to a portfolio, as its stock remains affordable. 

6. Calavo Growers Inc. (NASDAQ: CVGW)

Calavo Growers generates the majority of its revenue from avocado sales. Demand for this unique fruit is on the rise, meaning Calavo could be primed for steady, long-term growth. However, Calavo exclusively trades in commodities, which are unbranded and undifferentiated products, which means it is unlikely to experience rapid spikes in value. 

7. Beyond Meat Inc. (NASDAQ: BYND)

Beyond Meat is one of the most well-known vegan food brands. While growth has slowed over the last few years, the company is trending upward. Its products are available at tens of thousands of food service and retail locations around the globe, which could result in future growth. 

8. Ingredion Inc. (NYSE: INGR)

Ingredion provides a wide range of plant-based ingredients to food manufacturers. It specializes in corn-based ingredients that can be found in other vegan food brands. The company has been around for years — its stock could provide stability for your investment portfolio.

Pros

There are plenty of benefits associated with investing in vegan stocks. By adding vegan food stocks to your portfolio, you can:

Diversify Your Portfolio

Building a diverse portfolio can help you mitigate risks and achieve more steady returns. If you have a balanced portfolio, your assets should be more resilient to the ebb and flow of the stock market. 

Participate in a Rapidly Growing Industry

The vegan food sector is growing at a fast pace. Investing in an industry with a positive outlook and a fast rate of growth can be a wise move. 

You should prioritize established vegan food brands that have demonstrated some level of stability on the stock market. While there is nothing wrong with taking a chance on a start-up, you should do so cautiously. 

Support Brands that Share Your Beliefs 

If you follow a vegan lifestyle, investing in brands that manufacture products you love can be rewarding. You can help support these companies and fuel their growth so they can deliver products and services to others who share your beliefs. 

How to Choose

When exploring vegan stock investment opportunities, you should prioritize:

Companies with a Focus on Plant-Based Food and Beverages

Many mainstream food production brands are now participating in the vegan food market. However, some of these businesses make relatively small investments in the vegan food sector. 

If you are passionate about supporting the vegan food industry through investing, focus on brands that have made plant-based foods and beverages a foundational part of their business model. 

Sustainable and Eco-friendly Practices

Businesses that are true to their mission statement will follow sustainable and eco-friendly practices. This commitment means minimizing their carbon footprint, investing in sustainable packaging and taking other steps to preserve natural resources. Dig deep into each potential investment and see if the company adheres to eco-friendly business practices.

Animal Cruelty-Free Policies

The best vegan brands stringently adhere to cruelty-free policies and apply these concepts to the entire product lifecycle. From growing plants for their products to disposing of waste, the leading vegan brands go above and beyond to preserve animal life. 

Where to Buy

If you are ready to start investing in vegan food stocks, explore this table of reputable brokers and find the provider that is the right fit for your trading goals.

Frequently Asked Questions

Best Vegan Stocks Methodology

When selecting vegan stocks, it’s best to focus on established brands that have proven to be stable investments. Analyze industry news and market reports to ensure your list includes viable investment options. It’s wise to consider market sentiment toward each stock, past financial performance over the previous 12 months and future projections, although past success is no guarantee of future performance.