Best Vegan Stocks of ##YEAR#: Should You Invest?

Veganism has existed for centuries, but only recently has plant-based living become a major business. What used to be a niche market is now a global industry, with startups and food giants alike rolling out animal-free products to meet rising demand. Some plant-based companies now carry multibillion-dollar valuations, reflecting how mainstream this shift has become.

For investors, vegan stocks are companies that earn a meaningful share of revenue from animal-free products, most often plant-based foods and beverages. Growth is being driven by health and wellness trends, environmental concerns, and better food technology that’s improving taste and lowering costs. With the global vegan food market projected to expand steadily through 2030, more investors are taking a closer look at this space.

The stocks below highlight different ways to invest in the rise of plant-based eating, from pure-play vegan brands to larger companies with strong exposure to the trend.

Top vegan food stocks to consider

Ticker Information Table
Name and ticker	Market cap	Dividend yield	Industry
Beyond Meat (NASDAQ:BYND)	$302.1 million	0.00%	Food Products
Oatly Group Ab (NASDAQ:OTLY)	$308.1 million	0.00%	Food Products
Calavo Growers (NASDAQ:CVGW)	$455.8 million	3.14%	Food Products
Laird Superfood (NYSEMKT:LSF)	$28.6 million	0.00%	Food Products
Local Bounti (NYSE:LOCL)	$47.2 million	0.00%	Food Products
Mission Produce (NASDAQ:AVO)	$984.0 million	0.00%	Food Products

Data as of Feb 6, 2026. Showing 6 of 6 tickers.

1. Beyond Meat

NASDAQ: BYND

Beyond Meat

Today's Change

(-6.49%) $-0.05

Current Price

$0.67

Key Data Points

Market Cap

$302M

Day's Range

$0.66 - $0.72

52wk Range

$0.50 - $7.69

Volume

70K

Avg Vol

72M

Gross Margin

5.98%

Beyond Meat (BYND -6.49%) is a leader in the plant-based meat substitute industry. Before the COVID-19 pandemic, its revenue was growing at triple-digit rates, although growth has slowed dramatically since then and has declined in recent quarters. The company's products have become ubiquitous at supermarkets and common on restaurant menus. As of December 2024, Beyond Meat reported its products were available at approximately 129,000 retail and food service locations in more than 90 countries.

Revenue

Revenue is a business’s gross income or the amount of money it brings in from regular operations before costs are considered.

Beyond Meat continues to innovate and introduce new products in the vegan meat substitute category, including its fourth generation of the Beyond Burger, Beyond Beef, and Beyond Sun Sausage. Beyond Meat has historically spent heavily -- around 10% of its revenue -- on research and development (R&D), which should enable the company to hold its leadership position over time. It excels at developing new products, advancing its technology, and making quality improvements.

However, trends in plant-based meat consumption have been challenging lately, and the company has reported several quarters of revenue declines. It continues to be unprofitable as well.

2. Oatly

NASDAQ: OTLY

Oatly Group Ab

Today's Change

(-5.31%) $-0.57

Current Price

$10.16

Key Data Points

Market Cap

$308M

Day's Range

$10.11 - $10.67

52wk Range

$6.00 - $18.84

Volume

129K

Avg Vol

71K

Gross Margin

30.61%

Oatly (OTLY -5.31%) made a splash with its initial public offering (IPO) in May 2021. The Swedish oat milk brand has shaken up the plant-based milk category, and oat milk has passed soy milk to become the second-best-selling alternative after almond milk.

While Oatly has captured attention with a bold marketing campaign and a new product category in the U.S., the company has been around since the 1990s and has been consistently developing oat-based alternative dairy products, including milk, ice cream, yogurt, cooking creams, spreads, and to-go drinks.

Oatly's products are now available in more than 65,000 stores and more than 60,000 coffee shops. Its revenue rose 5.1% to $823.7 million in 2024 compared to the previous year, although Oatly is currently unprofitable because it is spending aggressively on marketing. Its growth has also slowed significantly since its IPO, and as of the end of 2024, the company was pursuing an "asset-light" strategy, shuttering facilities to improve its cost structure, utilization, and efficiency.

Through the first three quarters of 2025, its revenue was up 3.4%, though it has narrowed its adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) loss.

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3. Calavo Growers

NASDAQ: CVGW

Calavo Growers

Today's Change

(0.24%) $0.06

Current Price

$25.52

Key Data Points

Market Cap

$456M

Day's Range

$25.43 - $25.91

52wk Range

$18.40 - $28.72

Volume

23K

Avg Vol

448K

Gross Margin

9.82%

Dividend Yield

3.14%

Avocados are a staple of the vegan diet in much of the world, and they are popular with the millennial and Gen Z generations. About half of Calavo Growers’ (CVGW +0.24%) revenue comes from avocados, and growth in the category helped the company's stock price triple between 2011 and 2020. Shares have pulled back since then amid volatility in avocado prices and falling profits as the company pursued growth in lower-margin products. Investors are hopeful that the return of former CEO Lee Cole will restore the company's earlier success.

As a commodities producer, Calavo faces stiff competition. Prices for commodities such as avocados are constantly changing. But since it takes as long as 13 years to grow an avocado tree and demand for the fruit is rising, the company should be well positioned for long-term growth. By the first quarter of 2025, prices were rising again, driving revenue growth and profits. Through the first three quarters of 2025, revenue rose 6.5% to $523.8 million, and its operating income more than doubled to $21.5 million.

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Commodities

Commodities are undifferentiated products. They are distinct from branded products like cars, watches, or smartphones, which are generally identified by the company that makes them.

4. Laird Superfood

NYSEMKT: LSF

Laird Superfood

Today's Change

(-2.91%) $-0.08

Current Price

$2.67

Key Data Points

Market Cap

$29M

Day's Range

$2.51 - $2.71

52wk Range

$1.98 - $8.08

Volume

1.8K

Avg Vol

145K

Gross Margin

38.91%

Laird Superfood (LSF -2.91%), a vegan food company founded by athletes Laird Hamilton and Gabby Reece, has risen from the dead. At one point, the company looked like it was headed for bankruptcy, but the stock soared through 2024 as its decision to shut down its manufacturing plant and move to a co-packing model has paid off, improving its cost structure.

The company has since returned to growth and is posting strong results in e-commerce, which makes up a majority of its sales. Better in-stock rates led to sales on Amazon (AMZN -4.36%) more than doubling in the third quarter of 2024. Other business improvements, like direct procurement of raw materials, have helped the business approach a break-even point. Its momentum continued into 2025 with revenue up almost 15% through the first three quarters of the year.

Laird Superfood is best known for its plant-based coffee creamers, based on coconut milk powder, healthy fats, and organic coconut sugar, but the company also sells beverages, snacks, and supplements like Performance Mushrooms. Still, almost 60% of its sales come from coffee creamers.

If Laird can maintain its recent momentum and achieve profitability, the stock should continue to climb.

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5. Local Bounti

NYSE: LOCL

Local Bounti

Today's Change

(7.11%) $0.15

Current Price

$2.26

Key Data Points

Market Cap

$47M

Day's Range

$2.15 - $2.26

52wk Range

$1.89 - $5.75

Volume

170

Avg Vol

15K

Gross Margin

-2304.80%

Local Bounti (LOCL +7.11%) is one of several “ag tech” companies that have gone public in recent years, using new technologies in the age-old agriculture industry.

Founded in 2018, Local Bounti grows lettuce and herbs and uses a patented technology it calls “Stack and Flow,” which it describes as a combination of vertical farming and hydroponic greenhouse farming. Its techniques are more environmentally sustainable than traditional agriculture, using 90% less water and 90% less land while increasing harvest efficiency, and it focuses largely on lettuce and other leafy greens.

Local Bounti has made relatively little revenue so far, and management will be well short of its earlier target of $462 million in revenue by 2025, but the company is growing. Through the first three quarters of 2025, revenue rose 28% to $35.9 million as it increased production at several facilities. It expects to achieve positive adjusted EBITDA in the third quarter of 2025. The company has partnered with retailers, including Walmart (NYSE:WMT)-owned Sam's Club and Brookshire Grocery.

Local Bounti is a high-risk stock, but after the bankruptcy of AppHarvest, it looks like the best bet in indoor agriculture, an emerging industry with advantages over traditional agriculture.

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6. Mission Produce

NASDAQ: AVO

Mission Produce

Today's Change

(1.61%) $0.22

Current Price

$13.89

Key Data Points

Market Cap

$984M

Day's Range

$13.68 - $13.95

52wk Range

$9.56 - $14.23

Volume

Avg Vol

667K

Gross Margin

11.50%

Another avocado seller to make the list, Mission Produce (AVO +1.61%), went public in 2020 and calls itself the world’s most advanced avocado network. It buys avocados from around the world, including California, Mexico, Peru, South Africa, and New Zealand, and owns more than 10,000 acres globally. The company also sells mangoes.

Like other industries, the avocado industry has been challenged at times by supply chain issues and labor shortages, though avocado prices soared through 2024.

That drove revenue up 13% to $1.39 billion through the first half of 2025, though gross profit was only up 5%, a challenge of its sourcing and distribution model. While demand for avocados should remain strong, investors should be aware that prices are volatile, so Mission's results will be sensitive to underlying commodity prices.

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Benefits and risks of investing in vegan stocks

Like other sectors, there are positives and negatives to investing in vegan food stocks. Let's take a look at a few of each.

Benefits:

Despite the challenges some vegan stocks have faced, there is still a lot of growth potential in the sector.
Vegan stocks could benefit from concerns about climate change or future regulations.
There is potential for disruption from new products as companies invest in research and development.

Risks:

Growth has been disappointing in the industry in recent years.
The general public seems to prefer animal-based foods to plant-based alternatives.
Many vegan stocks are unprofitable.

How to invest in vegan stocks

Open your brokerage app: Log in to your brokerage account where you handle your investments.
Search for the stock: Enter the ticker or company name into the search bar to bring up the stock's trading page.
Decide how many shares to buy: Consider your investment goals and how much of your portfolio you want to allocate to this stock.
Select order type: Choose between a market order to buy at the current price or a limit order to specify the maximum price you're willing to pay.
Submit your order: Confirm the details and submit your buy order.
Review your purchase: Check your portfolio to ensure your order was filled as expected and adjust your investment strategy accordingly.

FAQ

Vegan stock FAQ

About the Author

Jeremy Bowman has been a contributing Motley Fool stock market analyst, covering technology, consumer goods, and macroeconomic trends since 2011. Before The Motley Fool, Jeremy was a newspaper reporter, restaurant manager, and English teacher abroad. He holds a bachelor’s degree in English from Colorado College and a master’s degree in business administration from American University. One of his Motley Fool headlines was briefly featured on Late Night with Stephen Colbert.

TMFHobo

@TMFBowman

Jeremy Bowman has positions in Amazon, Broadcom, and Nvidia. The Motley Fool has positions in and recommends Alphabet, Amazon, Beyond Meat, and Nvidia. The Motley Fool recommends Broadcom. The Motley Fool has a disclosure policy.

Best Vegan Stocks to Buy in 2026: Are They Right For Your Portfolio?

Key Points

Top vegan food stocks to consider

1. Beyond Meat

Key Data Points

2. Oatly

Key Data Points

3. Calavo Growers

Key Data Points

4. Laird Superfood

Key Data Points

5. Local Bounti

Key Data Points

6. Mission Produce

Key Data Points

Benefits and risks of investing in vegan stocks

How to invest in vegan stocks

Related investing topics

Best Food Stocks to Buy in 2026: Are They Right For Your Portfolio?

Top Stocks to Buy and Hold in 2026

Investing in Restaurant Stocks

Top Agriculture Stocks for 2026 and How to Invest

FAQ

Vegan stock FAQ

How do you find new vegan stocks?

How do you find new vegan stocks?

Is Impossible Burger publicly traded?

Is Impossible Burger publicly traded?

Does Beyond Meat pay dividends?

Does Beyond Meat pay dividends?

What is the biggest vegan company?

What is the biggest vegan company?

Are vegan stocks a growing market?

Are vegan stocks a growing market?

Should I invest in individual vegan stocks or ETFs?

Should I invest in individual vegan stocks or ETFs?

What financial metrics should investors monitor in vegan stocks?

What financial metrics should investors monitor in vegan stocks?

About the Author

Stocks Mentioned

Beyond Meat

Local Bounti

Calavo Growers

Oatly Group Ab

Mission Produce

Laird Superfood

Amazon

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