Vegan Stocks to Invest Money: In the ever-evolving landscape of investment opportunities, one theme has steadily gathered momentum in recent years: the rise of the vegan movement.

As the world becomes increasingly conscious of the environmental impact of our dietary choices and seeks healthier, more sustainable alternatives, veganism has transcended its niche status to become a mainstream phenomenon.

The vegan diet is no longer confined to a small, dedicated community; it’s a global trend embraced by people from all walks of life. This shift in consumer behavior has given rise to an exciting and potentially lucrative avenue for investors: vegan stocks to invest and make money.

In this article, we will explore the burgeoning world of vegan stocks, showcasing a variety of companies that are capitalizing on this dietary transformation. From established food conglomerates to innovative start-ups, the options for investors seeking to ride the wave of veganism are as diverse as the movement itself.

Whether you’re an environmentally conscious investor or simply someone looking to align their portfolio with their principles, this guide will help you navigate the promising landscape of vegan investments.

So be ready to delve deeper into the topic and discover the best vegan stocks trending in the market to invest money in 2024.

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7 Best Vegan Stocks to Buy in 2024

The surge in popularity of the vegan lifestyle is not merely a passing fad; it’s a reflection of a broader shift towards conscious living. The ethical and environmental concerns associated with traditional animal-based diets have led to a surge in demand for plant-based alternatives.

Leading food companies are quick to recognize this trend, with many giants of the industry launching innovative vegan products, and in doing so, capitalizing on the rising demand for healthier, planet-friendly options.

Investing in vegan stocks offers the opportunity to align your financial portfolio with your ethical values while tapping into a growing market. Here, we’ll explore some of the best vegan stocks to consider, providing an in-depth look at each one:

  • Oatly

Oatly Group AB (OTLY) is a prominent candidate for investors seeking exposure to the burgeoning plant-based food sector. This Swedish oat milk company has captured significant attention and market share with its oat-based dairy alternatives, encompassing products like milk, ice cream, cooking creams, drinks, spreads, and yogurt. Their oat milk has surpassed almond and soy milk in popularity and is considered one of the best alternatives to dairy milk.

While the company has managed to grab the attention of vegan consumers from around the globe with its robust marketing campaign, the company is still relatively new compared to other big names in the industry. Oatly has been around since the 1990’s with its products now being stocked at more than 65,000 retail locations.

The company’s IPO in 2021 was met with enthusiastic investor interest, highlighting its growth potential in an era marked by an increasing shift towards oat-based alternatives. Their revenue growth was reported to have jumped drastically from 52.6% to 643.2 million US dollars. With a growing, diverse product line and a focus on expanding into international markets, Oatly is positioned as an exciting player in the global plant-based market.

  • Beyond Meat

Beyond Meat, Inc. has emerged as a standout player in the realm of plant-based investing, garnering attention from both ethical investors and those seeking to capitalize on the ever-growing demand for vegan alternatives. The California-based company’s mission is to create delicious, nutritious, and sustainable alternatives to traditional animal-based meat products. Their products are available at more than 130,000 stores located across the world in over 90 countries.

Their flagship product, the Beyond Burger, is renowned for its uncanny resemblance to beef in taste and texture, all while being entirely plant-based. Beyond Meat, Inc. (BYND) stands as an enticing prospect for investors looking to capitalize on the surging popularity of plant-based diets.

Beyond Meat enjoys strong brand recognition and has forged strategic partnerships with major restaurant chains, emphasizing its potential to infiltrate mainstream dining options. With a growing global market for plant-based alternatives, ongoing product innovation, and high-profile investor interest, Beyond Meat represents a compelling opportunity in the evolving landscape of vegan investments.

Here is another interesting article on 10 Best Affordable Vegan Restaurants in Dubai to Try in 2024 in case you are wondering where to eat delicious plant-based food without putting a dent in your wallet.  

  • Tattooed Chef

Tattooed Chef, Inc. (TTCF) is another compelling choice for investors seeking to embrace the thriving plant-based food industry and invest money in vegan stocks. This innovative company, founded by Sarah Galletti, has made a name for itself in the vegan market with a diverse and delicious range of frozen plant-based meals and snacks, catering to the ever-growing demand for convenient and healthy vegan options.

Tattooed Chef’s products are particularly popular for their commitment to using high-quality, natural ingredients in creative and mouth-watering combinations, often inspired by international cuisines. Their offerings, which include cauliflower rice, vegetable spirals, and plant-based entrées, have resonated with consumers seeking nutritious and sustainable food choices, positioning Tattooed Chef as a potential leader in the rapidly expanding plant-based food sector.

Tattooed Chef’s revenues are reported to have jumped from 43.7% to 213.4 million US dollars in the year 2021. Their products are available in around 4300 retail stores around the world. The company is now aimed at expanding its e-commerce business and introducing a new range of products in the market. The brand seems to be well-positioned for international growth and can be a good choice for investors who seek to purchase vegan stocks to make money in the coming years.

  • Calavo Growers

Calavo Growers, Inc. (CVGW) is a compelling prospect for investors seeking to invest money in vegan stocks. Avocado is a staple of many vegan and vegetarian diets, celebrated for its versatility and nutritional value.

As a leading global provider of fresh avocados and other fresh produce, Calavo enjoys a solid presence in the market and is increasingly recognized for its role in the plant-based diet movement. Half of their revenue comes from the sale of avocados, which helped their stock price to grow triple in price between the years 2011 and 2022.

Calavo is also involved in the production and distribution of various plant-based products, including guacamole, salsas, and prepared meals, all catering to the growing demand for convenient, healthy, and sustainable food choices. As the popularity of avocados and plant-based foods continues to rise, Calavo stands as a prominent player with growth potential in the plant-based market

As Calavo is a commodities producer brand, it confronts strong competition from rivals in the market. The cost of commodities is always changing. But as it takes around 13 years for an avocado tree to bear fruit, and considering that the demand for avocados is on the rise, the company seems to be in a position for long-term financial growth.

  • Mission Produce

Mission Produce (AVO) is another prospect for investors looking to tap into the flourishing world of sustainable agriculture. As a leading global provider of avocados, this California-based company is recognized for its pivotal role in the plant-based diet movement.

Avocado, one of the most sought-after superfoods, has become a staple in many vegan and vegetarian diets, celebrated for its versatility and numerous health benefits. Mission Produce’s commitment to responsible and sustainable avocado cultivation aligns with the values of health-conscious and eco-friendly consumers.

The company sources avocados from different countries including South Africa, Mexico, USA, and New Zealand, and harvests fruit in over 10,000 acres of land. However, due to a steady decline in the cost of avocados over recent years because of the COVID-19 pandemic, the company’s performance was also affected. However, the trends in the avocado market are expected to be short-term and supply-chain is predicted to normalize in the following years.

With its prominence in the global avocado market and commitment to sustainable practices, Mission Produce offers a promising investment opportunity for individuals, businesses, and investors interested in investing money in vegan stocks.

  • Local Bounti

Local Bounti is potentially a good candidate for investors looking to align their portfolios with the growing demand for sustainable and local food production. As a cutting-edge agricultural technology company, Local Bounti is popular for its innovative approach to indoor vertical farming, allowing for year-round, pesticide-free cultivation of fresh produce.

The company has become increasingly popular over the recent years for its advanced agriculture technology. Founded in the year 2018, Local Bounti specializes in growing lettuce and herbs using the Stack and Flow technology.

Their patent technology for growing and harvesting plants and vegetables is a blend of hydroponic greenhouse farming and vertical farming. They are focused more on sustainability than any other conventional agriculture method, using 90% less water and land.

By utilizing controlled environments and automation, they reduce water consumption, eliminate the need for chemical pesticides, and minimize transportation emissions. This aligns with the values of environmentally-conscious consumers who seek local and eco-friendly food sources.

Local Bounti has managed to grab only a little revenue as of yet and went public recently in 2020 through a SPAC. However, the brand is aiming for high revenue streams of around 462 million US dollars by the year 2025 and is thus seen as a potential investment opportunity for investors.

With a focus on providing fresh, healthy, and locally sourced greens to a market increasingly aware of the importance of sustainable practices, Local Bounti presents a unique and promising investment opportunity.

Invest in the future of sustainable investing with the 7 Best Vegan Stocks to Buy in 2024. These stocks offer a unique investment opportunity in the growing market of environmentally-friendly food sources. From reducing water consumption to eliminating chemical pesticides, these companies align with the values of eco-conscious consumers. Don’t miss out on the potential revenue streams that could reach 462 million US dollars by 2025. Invest in the best vegan stocks for a greener future.

  • AppHarvest  

Last but of course not least, AppHarvest (APPH) stands as an attractive choice for investors eager to participate in the rapidly expanding arena of sustainable agriculture. This Kentucky-based company is popular for its state-of-the-art indoor farming facilities, which utilize controlled environments and technology to produce a variety of fresh, high-quality fruits and vegetables year-round.

The company specializes in using vertical farming and went public in 2021 through a SPAC. They are building huge indoor farms with their Kentucky Farm as a flagship facility. AppHarvest has been slowly and steadily increasing its revenue and is expected to grow exponentially in the coming years. They are aiming at building around 12 farms by the year 2025 with revenue of 350 million to 450 million US dollars.

With a strong commitment to eco-friendly practices and local sourcing, AppHarvest resonates with the environmentally-conscious consumer seeking responsible and sustainable food options.

They have also recently launched their first-ever value-added product “The Food Fight” which is reported to have been sold out pretty quickly in the first production batch. This depicts the brand’s potential to go beyond production and expand operations in the coming years.

AppHarvest’s mission extends to addressing the broader concerns of food security and climate change by reducing the need for long-distance transportation and chemical inputs in agriculture. As such, the brand represents an innovative and potentially lucrative investment opportunity for investors looking to invest money in vegan stocks.

Top Reasons Why You Should Invest in Vegan Stocks

Investing in vegan stocks can be a strategic choice for several compelling reasons:

Alignment with Ethical Values

Many individuals choose to invest in vegan stocks because it allows them to align their investments with their ethical and environmental values. Vegan companies often prioritize sustainability, animal welfare, and responsible sourcing, which resonates with those who want to make a positive impact through their investments.

Growing Market

The plant-based market is expanding rapidly, driven by the increasing consumer awareness of health, environmental sustainability, and animal rights. Investing in vegan stocks allows you to tap into a market with substantial growth potential.

Health and Wellness Trends

As people become more health-conscious, the demand for plant-based and healthier food options is on the rise. Companies offering vegan products cater to this growing market segment, making them appealing to investors.

Environmental Considerations

Vegan stocks often focus on sustainable practices, including reducing greenhouse gas emissions, conserving water, and decreasing deforestation. Investing in these companies can be seen as a way to promote environmentally responsible business practices.

Innovation and Disruption

Many vegan companies are at the forefront of innovation in the food industry. They are developing new plant-based alternatives that challenge traditional animal-based products, presenting opportunities for growth and disruption in the sector.

Diversification: Adding vegan stocks to your investment portfolio can enhance diversification. It allows you to spread your risk across different sectors, reducing your exposure to economic fluctuations in any single industry.

Consumer Trends

The growing popularity of veganism and plant-based diets means that companies in this sector are well-positioned to meet evolving consumer preferences. Investing in vegan stocks can offer exposure to businesses that cater to these changing trends.


The COVID-19 pandemic highlighted the vulnerability of supply chains and the need for more resilient food production systems. Many vegan companies focus on local and sustainable sourcing, which can enhance their resilience to future disruptions.

High-Profile Investments

Several well-known investors and even celebrities have put their money into vegan stocks, bringing greater attention to the sector and potentially influencing market dynamics.

While investing in vegan stocks offers numerous benefits, it’s important to conduct thorough research and consider your own financial goals, risk tolerance, and investment horizon. Like any investment, vegan stocks carry their own set of risks and challenges, including competition, market volatility, and company-specific factors.

Therefore, it’s advisable to diversify your portfolio and consult with a financial advisor to make informed investment decisions that align with your objectives.


In conclusion, the landscape of vegan stocks in 2024 presents a unique and promising opportunity for investors who wish to combine their financial aspirations with their ethical values.

The global shift towards plant-based living, driven by health, environmental, and animal welfare concerns, has ushered in an era of exciting investment prospects. Companies like Beyond Meat, Oatly, Tattooed Chef, Calavo Growers, and Local Bounti are just a few notable contenders making significant strides in the vegan market.

These companies are innovating and capitalizing on the growing demand for plant-based products, and their potential for growth remains compelling. As the world continues to embrace conscious and sustainable living, investors have the opportunity to be at the forefront of a transformational movement, simultaneously advancing their financial goals and supporting a more ethical and eco-friendly future.

However, while these vegan stocks hold promise, investors need to conduct thorough research, stay informed about market trends, and consider their financial objectives and risk tolerance when making investment decisions in this dynamic and evolving space.

Also read: 10 Best Halal Investment Options in UAE


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