The World Health Organization named red meat including beef, veal, and lamb, a Group 2 carcinogen, indicating that it most likely causes cancer in humans.
Red meat has been closely linked to colorectal cancer, pancreatic cancer, and prostate cancer, and processed meat has been linked to both colorectal and stomach cancer according to the World Health Organization.
Plant-based diets are creeping into American’s diet as a result, 25% of Americans are already eating a plant-based meal once a week and higher in other parts of the world.
Leading that trend is Gen Z, of which an amazing 75% are consuming a plant-based diet at least once a week.
More than 50,000 grocery stores and restaurants are now serving some variation of plant-based “meat.” It’s a $12 billion market and is poised to grow exponentially
Companies like Beyond Meat (NASDAQ: BYND) and Impossible Foods have created a lot of noise but have performed erratically in the market.
#1. Gen Z Favorite: The Very Good Food Company
The Very Good Food Company Inc. (OTCMKTS: VRYYF) is making noise of its own by producing one of the best tasting plant-based alternate meats on the market.
The company was founded in 2016 in Victoria, British Columbia Canada, and has a strong regional presence there.
In 2020 sales increased by 200% and the company has leveraged that growth by building a 10,000 square foot facility in Canada and a 25,000 square foot facility in California.
The increased capacity will enable the company to expand both in the U.S. and Canada and ride the exploding market expansion.
#2. Gen Z Favorite: Else Nutrition
Another small company based in Tel Aviv, Israel is Else Nutrition Holdings Inc. (OTCMKTS: BABYF) poised to grow exponentially.
Else produces the first and only plant-based toddler milk formula available in the U.S., and plans to soon introduce the first plant-based formula for babies and children under a year old.
Else Nutrition will be fueled by Gen Z and others as they grow their families and embrace a more plant-based diet in the next five years.
As the leader in the market, their growth potential is enormous as they stand to benefit the most as consumers seek out healthy, environmentally conscious products to assist in raising their children.
Bottom Line: Both of these stocks a set to grow with the plant-based market as it continues to grow in its early stage. The potential for huge gains appears to be possible as they are both positioned well in their markets and are very reasonably priced now. As of today, Very Good Food was selling at $3.04 a share, and Else Nutrition was selling for $2.65 a share.
The BLI Staff