E Plant-Based Food Stocks Growing In Value Again But Still Down YTD

 TM Editors' Note: This article discusses some penny stocks and such stocks are readily manipulated so do your own due diligence.

The Pure-Play Plant-Based Food Stocks Index* tracks the 11 stocks in the fledgling plant-based fake meat, dairy, eggs, and seafood sector and it is up almost 3% so far in April. 

Photo by zenad nabil on Unsplash

Chris Thompson, President and Director of Equity Research at eResearch Corporation, the new parent company of munKNEE.com, reports that:

  • about 9.7 million Americans now follow a plant-based diet up from just 290,000 in 2004,
  • year-over-year sales are growing by 11.4% p.a.,
  • the market sector should be worth $74.2 billion in the next seven years of which the plant-based meat market, specifically, will be worth $35.4 billion by 2027, and that
  • online grocery sales of vegan products are growing 5x faster than other product categories, generating the highest growth in the consumer goods sector.

Million Insights presents the table below from its Plant-based Meat Market Analysis Report By Source, By Product, By Type, By End-user, By Storage, By Region And Segment Forecasts From 2020 To 2027:

Stock Performance Comparisons

The Pure-Play Plant-Based Food Stocks Index is divided into two groups – those seven (7) trading for less than US$10/share and those four (4) trading at much higher prices –  to provide more meaningful comparisons and conclusions as to the performance of the sector.

Below are the constituent stock performances so far in April, in descending order, and YTD, in brackets, with the most recent news on every company.

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