Top Ways to Trade the Plant Based Boom in 2022

December 12, 2021, By fierce,

Global retail sales of plant-based food could be on course for $162 billion in sales by 2030, says Bloomberg Intelligence.

“Food-related consumer habits often come and go as fads, but plant-based alternatives are here to stay — and grow,” said Jennifer Bartashus, senior consumer staples analyst at Bloomberg Intelligence, as quoted by SupermarketNews.com.  “The expanding set of product options in the plant-based industry is contributing to plant alternatives becoming a long-term option for consumers around the world.”

That could be substantial news for companies such as Komo Plant Based Foods (CSE:YUM)(OTCQB:KOMOF), Vejii Holdings Ltd. (CSE:VEJI), Guru Organic Energy Corp. (TSX:GURU)(OTC:GUROF), Goodfood Market Corp. (TSX:FOOD)(OTC:GDDFF), and Oatly Inc. (NASDAQ:OTLY).

That’s just the start, though.  According to an early 2020 by Ipsos Retail Performance, as noted by The Beet, over 9.7 million Americans now follow a plant-based diet up from just 290,000 in 2004.  Tyson, Smithfield, Perdue, Hormel, and Nestle are incorporating plant-based products.  Even fast food chains are jumping on the bandwagon.  McDonald’s for example just announced a meatless burger called the McPlant.  Pizza Hut just partnered with Beyond Meat to offer plant-based pizzas across the country.  Even Papa John’s now has over 500 vegan friendly stores across the UK. Subway launched meatless sandwiches.

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