US Vegan Climate ETF

VEGN

Market cap $199M

The investment theme of food technology revolves around transforming the traditional food industry with technological innovations such as meat alternatives, smarter agriculture practices, and blockchain solutions. One key element driving food innovation is the evolution of consumer preferences.

It is always fun to root for the underdog. Who doesn't like a good Cinderella story?

About 70% of Americans are eating plant-based foods, creating a substantial opportunity for vegan stocks to buy now. Plus, nearly half of all U.S. restaurants now offer vegan food options.

With the growing demand for healthier food, pay close attention to undervalued plant-based food stocks. According to EWG.com, plant-based food sales “increased 44 percent, from $5 billion in 2019 to more than $8 billion in 2022.

While the idea of plant-based food may not seem appetizing, its potential profits could be.  In fact, by 2027, according to Research and Markets, the global plant-based food market could grow to about $75 billion by 2028 from $41.06 billion in 2022.