E Plant-Based Food Company Plant&Co Up 250% In Just 2 Months

There is a massive demand for plant-based foods across North America and that is benefiting constituent companies in the munKNEE Pure-Play Plant-Based Food Stocks Index (as reviewed in earlier exclusive TalkMarket articles on):

  1. Beyond Meat Inc. (Nasdaq Global Select:BYND) - see article here;
  2. Laird Superfood (NYSE American:LSF) - see article here;
  3. Else Nutrition Holdings (TSXV:BABY; OTC:BABYF) - see article here
  4. The Very Good Food Company Inc. (CSE:VERY; OTC:VRRYF) - see article here;
  5. Modern Meat Inc. (CSE:SUV; OTC:SUVRF) - see article here;
  6. Guru Organic Energy Corp. (TSX:GURU; OTC:GUROF) - see article here;
  7. Eat Beyond Inc. (CSE:EATS) - see article here;
  8. and now here is a review of the Plant&Company Brands Inc. (VGANF) which was added to the Index earlier this week.

The Growth of the Plant-Based Foods Market

  • According to a recent survey by Fona International, 94% of Americans say they are willing to eat more plant-based foods;
  • according to a 2019 food and health survey by the International Food Information Council Foundation, 24% of consumers say they are eating more plant-based protein than they were a year ago;
  • according to the Plant Based Foods Association, the plant-based food market could be worth as much as US$27.9 billion in the next five years;
  • according to Emergen Research, the plant-based food and beverage market is expected to reach US$32.29 billion by 2027;
  • according to UBS the plant-based food market is going to grow from $5 billion to $85 billion by 2030;
  • according to the Good Food Institute, 2019 was a record-breaking year for plant-based meat, egg, and dairy companies in the U.S.;
  • according to Meticulous Research, the industry sector received a staggering US$741M in just the first quarter of 2020 compared to the US$747M received for all of 2019;
  • according to Euromonitor International, plant-based meats sales, which grew to almost US$800 million in 2019 - up 37% from 2017 - could reach over US$2.5 billion by 2023 and,
  • according to the Government of Canada report "Plant-Based Protein Market - Global and Canadian Market Analysis", the market is expected to reach almost US$11 billion by 2022 supported by a CAGR of 6.7%.
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Disclosure: i was not compensated for writing this exclusive TalkMarkets article. I or my partners may now or in future invest in or have commercial relationships with one or more index ...

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William K. 4 weeks ago Member's comment

I see profits and share prices rising for all of these plant based food companies, and so it must be that the products are high profit ones. That is fine for those folks who have the money to spend on such products but it does not do anything for those folks who do not have the means to buy them.

So while the products have appeal and provide healthy meals they do not help the less fortunate hungry people.