How to Trade a Potential $290 Billion Vegan Boom

There’s massive demand for plant-based foods. So much so, the market could be worth up to $74.2 billion by 2027, according to Research and Markets.

By 2030, according to Fortune, sales are expected to increase five-fold by 2030.

All as millions adopt healthier, meat-free lifestyles. Tyson, Smithfield, Perdue, Hormel, and Nestle are all jumping on bandwagon, selling plant-based products, too.  That could all be beneficial for Komo Plant Based Foods (CSE: YUM) (OTCQB: KOMOF), Loblaw Companies Ltd. (TSX: L) (OTC: LBLCF), Else Nutrition Holdings Inc. (TSXV: BABY) (OTCQX: BABYF), Oatly Inc. (NASDAQ: OTLY), and good natured Products Inc. (TSXV: GDNP) (OTCQX: GDNPF).

Even better, by 2035, the market could be worth about $290 billion.  As noted by, “The alternative protein market has rocketed over the past five years as investors pour billions into finding sustainable alternatives to meat and consumers switch to animal-friendly diets. The market for alternative meat, eggs, dairy, and seafood products is set to reach $290 billion by 2035, according to Boston Consulting Group.”