A recent McKinsey and Company report highlighted the enormous growth trajectory of the global middle class by 2030. They projected that an additional 3 billion people will be considered middle-class consumers by that time.
One stock I'm betting on to profit from this trend is consumer goods titan Unilever (NYSE:UL). While it can be difficult to anticipate which specific trends or products will resonate with consumers in another two decades, you can rest assured that they will demand many of the same everyday essentials that consumers in developed nations today expect.
I prefer Unilever over Procter & Gamble (NYSE:PG) right now because of its superior track record in emerging markets. While Procter & Gamble is a tremendous company, recent weakness has caused it to refocus on high-margin domestic markets, leaving many emerging markets as Unilever's territory, which should carry well into the future.
Unilever is just one way to play this unstoppable trend, but there are many equally compelling strategies out there. Our free report 3 American Companies Set to Dominate the World shows you how. Click here to get your free copy before it’s gone.
Austin Smith owns shares of Unilever. The Motley Fool has no positions in the stocks mentioned above. Motley Fool newsletter services recommend The Procter & Gamble Company and Unilever. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.