The total plant-based food market is expected to grow at a CAGR of 11.9% going forward and reach $74.2 billion by 2027.

Grocery sales of plant-based foods that directly replace animal products have grown 27% in the past year. The stocks in our index are faring less well.

The 4 stocks in the munKNEE Plant-Based Food Stocks Index are focused exclusively on the research, development, sales, distribution, and marketing of fake meat, dairy, egg, and seafood products and trade for a minimum of US$1/share.

A look at the performance of the Plant-Based Food Stocks Index in March.

The 5 stocks in our Pure-Play Plant-Based Food Stocks Index rose 1.3% on average this week, but are still heavily down both YTD and from 2021's high.