Largest Plant-Based Food Stocks Index Collapsed 83% In 2022

Image by Sean Hayes from Pixabay

Below is a summary of the performances, in descending order, of the munKNEE Plant-based Food Stocks Index and its 5 constituents in 2022.

  1. Else Nutrition (BABYF): DOWN 55.1% in 2022
    • An Israel-based food and nutrition company focused on developing innovative, clean, and plant-based food and nutrition products for infants, toddlers, children, and adults.
  2. Oatly Group (OTLY): DOWN 78.1% in 2022
    • The world’s largest oat drink company catering primarily to customers in Sweden, Germany, the United Kingdom, Netherlands, Finland, and North America.
  3. Beyond Meat (BYND): DOWN 81.1% in 2022
    • Seeks to replicate the look, cook, and taste of meat. Its products are sold in the meat case of retail food stores across the U.S. and Canada and 83 other countries.
  4. Guru Organic Energy (GUROF): DOWN 84.1% in 2022
    • A Montreal, Canada beverage company launched in 1999, when it pioneered the world’s first natural, plant-based energy drink.
  5. Tattooed Chef (TTCF): DOWN 92.0% in 2022
    • Offers a broad portfolio of plant-based food products that are available in the frozen food sections of national retail food stores across the United States.

In total, the munKNEE Plant-Based Food Stocks Index went DOWN another 4.0% in December and ended 2022 DOWN 82.7%.

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