In the last few years, several companies have entered the plant-based meat vertical, and for good reason. According to a report from Research and Markets, the vegan food market is forecast to rise to $31.4 billion by 2026, up from $14.2 billion in 2018, indicating an annual growth rate of 10.5%.
An expanding addressable market makes vegan stocks such as Beyond Meat (BYND) and Oatly (OTLY) top bets for long-term investors. The ongoing pullback in these stocks may also provide you with an attractive buying opportunity.
