The plant-based market is sprouting – and fast.
In fact, “Plant-based popularity is shifting the foodservice sector towards more sustainable and healthier ingredients, in light of both the climate crisis and the pandemic. The trend is occurring across the entire market, marking a significant shift in both restaurant sourcing and consumer demand. The report also found that 9.2 percent of restaurants in the US incorporate vegan meat in their menus,” as noted by TheBeet.com.
With solid growth ahead, investors should keep an eye on Komo Plant Based Foods (CSE: YUM) (OTCQB: KOMOF), Else Nutrition Holdings Inc. (TSXV: BABY) (OTCQX: BABYF), Oatly Inc. (NASDAQ: OTLY), good natured Products Inc. (TSXV: GDNP) (OTC: SLGBF), and Tattooed Chef Inc. (NASDAQ: TTCF).