Since I’m severely lactose, I eat many plant-based foods and drink many plant-based beverages. The data suggests that many other Americans eat plant-based foods and drink plant-based beverages too. Indeed, “The (United States) plant-based food market surged from $3.9 billion in 2017 to $8.1 billion in 2023,” according to Good Food Institute.
The institute pointed out that the growth was spurred “by products that appeal to mainstream consumers by mimicking the taste, texture, and functionality of conventional animal products.” Meanwhile, according to Statista, worldwide sales of plant-based meat alone are expected to surge from $10.15 billion in 2023 to $16.78 billion in 2028. For investors who want to profit from the latter trend, here are three growing plant-based food stocks to buy now.
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