How far will plant-based foods go?
(Note: companies that could be impacted by the content of this article are listed at the base of the story (desktop version). This article uses third-party references to provide a bullish, bearish and balanced point of view; sources listed in the “Balanced” section)
Veganism has been an increasing trend within the past few years. Plant based food alternatives had over 3 billion in sales in 2018, with even higher sales projected in 2019. Plant-based met alternatives, like Beyond Meat, is one of the fastest growing food companies in the United States. With its first trade at $46, the company is now trading at nearly $200 per share. However, is plant-based really just a trend, or is it here to stay?