What Are the Hottest Plant-Based Food Stocks Right Now? 3 Top Picks.

Industry Overview - Plant-based food stocks are showing strong future growth potential, particularly among younger generations like Generation Z, which has seen a five percentage-point increase in adoption since 2021 [1] - The global plant-based market is projected to grow from $23.73 billion today to approximately $55.84 billion by 2033 [2] Company Analysis: Oatly (OTLY) - Oatly reported an earnings per share loss of five cents, beating estimates by two cents, with revenue of $202.2 million, reflecting a 3.2% year-over-year increase [4] - The company raised its full-year revenue growth outlook to a range of 6% to 10% from a previous range of 5% to 10% [4] - U.S. retail sales of plant-based drinks, including oat milk, increased to $695 million, representing a 28% growth [5] Company Analysis: Ingredion (INGR) - Ingredion has been expanding its plant-based offerings and reported an EPS of $2.87, beating estimates by 38 cents, although revenue of $1.88 billion missed by $100 million [7] - The company raised its full-year EPS guidance to a range of $10.20 to $10.70 and plans to invest in organic growth, dividends, and share buybacks [7] - Ingredion offers a dividend yield of 2.43% [6] Company Analysis: Bunge (BG) - Bunge's stock has recently pulled back from about $115 to a low of $96, presenting a potential buying opportunity [9] - The company is not a pure plant-based play but provides ingredients for meat and dairy alternatives, with a dividend yield of 2.84% [10] - Bunge has faced challenges, including a downgrade on biofuels and a delay in its $8.2 billion acquisition of Viterra [10]