Top Plant Based Stocks to Consider Heading into New Year 2022

December 09, 2021 - Baystreet.ca


Plant based product demand shows no signs of slowing. In fact, right now, there are about 80 million vegans around the world. In the U.S., the number of vegans soared 600% over the last seven years, according to Deals on Health. Even more impressive, by 2026, the vegan market could be worth up to $24.3 billion. The plant based meat industry could be worth $9.43 billion by 2027. Even the vegan cosmetics market could be worth $20. 8 billion by 2025. However, that’s just the start, with no signs of slowing growth. That’s big news for companies such as

Komo Plant Based Foods (CSE:YUM)(OTCQB:KOMOF), Oatly Inc. (NASDAQ:OTLY), Else Nutrition Holdings Inc. (TSXV: BABY)(OTCQX: BABYF)(FSE:0YL), Plant Veda Foods Ltd. (CSE:MILK)(OTC:PLVFF), and Organic Garage Ltd. (TSXV:OG)(OTCQX:OGGFF).

In addition, with millions switching to plant based alternative diets, analysts at Credit Suisse say the market could grow 100-fold by 2050. In fact, they believe that a plant-based shift in global food systems in “inevitable,” as noted by The Beet.

Look at Komo Plant Based Foods (CSE:YUM)(OTCQB:KOMOF), For Example

Komo Plant Based Foods Inc., a premium plant-based food company, is pleased to announce that its plant-based hot food menu is now available in Vancouver, British Columbia on SkipTheDishes, a leading online food delivery service in Canada.

Komo recently launched its Komo Eats menu on Uber Eats through its ghost kitchen in Vancouver. The initial menu includes a selection of freshly made, hot and ready, Gourmet Plant-Based Mac & Cheeze dishes. Komo Eats has had a successful launch in the downtown Vancouver area, and is now expanding the menu. Komo will be adding a variety of wraps made with its signature wholesome ingredients. The vegan menu expansion will include: Ranch Chick’n Wrap, Bacon Ranch Chick’n Wrap, Buffalo Ranch Chick’n Wrap and Buffalo Bacon Ranch Chick’n Wrap, which will be available to order early next week. The wraps are made with Komo’s jackfruit chick’n tenders, housemade ranch sauce and tofu bacon crumbles. Komo Eats will also be expanding the beverages menu to include Wize Teas, a Canadian brand of iced teas and dry teas that are crafted with coffee leaves.

“We are looking forward to this extended reach to our customer base and adding to the quality vegan options that are currently available on Skip,” says Komo CEO William White. “Our ready-to-eat hot food delivery furthers our mission to make plant-based meals an everyday staple through innovative new product offerings.”

Komo intends to use consumer feedback from the ready-to-eat foods served through its ghost kitchen as a launchpad for product development for its frozen foods division, which is expanding rapidly.

According to McKinsey, “food delivery has become a global market worth more than $150 billion, having more than tripled since 2017.” Ghost kitchens aka “Dark Kitchens”, which have no front of house for customers, are expected to take a greater share of delivery volume over traditional restaurants, since they have lower overhead, also according to McKinsey.

Other related developments from around the markets include:

Oatly Inc., the world’s original and largest oat drink company, announced the opening of its first production facility in Ma’anshan, China, just a few months after opening its first Asian factory in Singapore in July. The new production facility is part of a wider initiative by Oatly to build factories fit for the future, with efficient use of resources and minimal negative impact on the planet. The facility is one of six facilities around the world, as Oatly expands to further its mission of growing the plant-based movement and shifting the food system toward one that’s built for planetary and human health. Oatly has previously established a new Chinese character for “plant-based milk”, creating a new category for the grocery aisle, increasing demand, and converting more milk drinkers to oat drink.

Else Nutrition Holdings Inc. announced results for its third quarter ended September 30, 2021. Management is pleased to announce it achieved significant progress executing its go-to-market plan in the US market, growing its product range to include 4 flavors of Kid Shakes, expanding online sales to include Walmart.com and Kroger-owned online platforms, and getting listed at more than 1,200 US natural food and grocery retail stores (already on-shelf at close to 1,000 of these stores).

Plant Veda Foods Ltd. announced that the Company unveiled a new product line, PlantGurt, at Planted Expo where thousands of attendees had a firsthand look at the probiotic spoonable yogurt alternative. Planted Expo, with an estimated 8,000 attendees, is an annual inclusive event in Vancouver, B.C., for anyone passionate about health and wellness. One tub of PlantGurt (spoonable yogurt) contains billions of probiotics. Recently Markets&Markets, explained “the global probiotics industry alone is estimated to be valued at US$61 billion in 2021 and is projected to reach US$91 billion by 2026.”

Organic Garage Ltd., one of Canada’s leading independent organic grocers, announced that its plant-based food company, Future of Cheese Inc. has launched the Company’s naturally ripened plant-based brie to retailers in Ontario. The brie is made using all-natural, organic, non- GMO ingredients. It is specially ripened using traditional aging processes developed by the Company’s globally recognized Mai^tre Fromager and Co-Founder, Afrim Pristine, widely acclaimed as the country’s premier cheesemaker. “With traditional cheese-making techniques and proper climate-controlled aging rooms, we have crafted an organic, all-natural ripened plant-based brie,” stated Mr. Pristine. “Every brie wheel is produced in our humidity-controlled environment for 21 days, and we are proud to expand our product line to include this world-class plant-based brie.”

Legal Disclaimer / Except for the historical information presented herein, matters discussed in this article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Winning Media is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. For making specific investment decisions, readers should seek their own advice. Komo Plant Based Foods has paid three thousand five hundred dollars for advertising and marketing services to be distributed by Winning Media. Winning Media is only compensated for its services in the form of cash-based compensation. Winning Media owns ZERO shares Komo Plant Based Foods Please click here for full disclaimer.

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