--- title: "3 Vegan Stocks to Buy Now: Q3 Edition" description: "Vegan stocks are gaining popularity as people become more concerned about the environment and healthier lifestyles. The global vegan food market is projected to rise from $40.1 billion in 2022 to $91." type: "news" locale: "en" url: "https://longbridge.com/en/news/209390557.md" published_at: "2024-07-20T10:50:00.000Z" --- # 3 Vegan Stocks to Buy Now: Q3 Edition > Vegan stocks are gaining popularity as people become more concerned about the environment and healthier lifestyles. The global vegan food market is projected to rise from $40.1 billion in 2022 to $91.9 billion by 2027, with an annual growth rate of 18.1%. Three top vegan stock options for Q3 of 2024 are Ingredion (INGR), Laird Superfood (LSF), and Bunge Global (BG). These companies are prioritizing sustainability, cruelty-free practices, and innovative plant-based products. If you’re looking for vegan stocks to buy now, these picks are solid bets. Vegan stocks are all the rage in recent years as people become more concerned about the environment, animal welfare and healthier lifestyles. More folks are paying more attention to climate change and the benefits of plant-based diets. This has led to more investors jumping on the bandwagon of food companies prioritizing sustainability, cruelty-free practices and innovative plant-based products. CEO of VegTech Invest Elysabeth Alfano said recently the growth of plant-based proteins is set to become a major financial opportunity for businesses and investors in the coming years. And the data bears it out. In 2021, the global vegan food market was worth $35.6 billion and was projected to rise from $40.1 billion in 2022 to $91.9 billion by 2027. That’s an annual growth rate of 18.1%. Here are the three best vegan stock options to buy for Q3 of 2024. ## Ingredion (INGR) Source: JHVEPhoto / Shutterstock.com The **Ingredion** (NYSE:**INGR**) company’s specialty for a long time has been sweeteners, starches, nutritional ingredients and biomaterials that go to food, beverages, paper and pharmaceuticals. But it has also recently forayed into a fully-fledged vegan line of products, especially meat alternatives made out of plant-based proteins. Ingredion has several strengths going for it that make it one of the best vegan stocks to buy now. Though it posted below expectations for its revenue last quarter, it topped analyst forecasts of $2.03 and registered earnings per share of $2.08. Also, Ingredion’s share price has returned over 10% this year, pointing to a positive market sentiment. Though those performances alone may not make a particularly strong thesis to invest in the firm, investors looking for more reasons to stake their money in Ingredion will be happy to know analysts have a positive outlook on the company’s future prospects. ## Laird Superfood (LSF) Source: David Tonelson / Shutterstock.com **Laird Superfood** (NYSEAMERICAN:**LSF**) opened the year trading at around $0.95. Shares for the plant-based foods company are now changing hands for an average of $4 — marking a jump of over 300% year-to-date (YTD). The company owes this performance to its last quarter’s earnings report. The company’s metrics painted the picture of a company with particularly strong fundamentals. For instance, its net sales increased by 22%, with net loss improving by $3.1 million. The company also raised its full-year guidance to $38-$42 million and projected a gross margin of 37%-41%. Its balance sheet is also strong, with zero debt. Though it doesn’t seem to be on the radar for a lot of investment firms, Laird Superfood nevertheless has received a Strong Buy rating for the two recommendations it has on MarketWatch. It’s hands-down one of the best picks you can make for vegan stocks to buy now. ## Bunge Global (BG) Source: JHVEPhoto/ShutterStock.com Although it’s not a purely vegan food company, **Bunge Global** (NYSE:**BG**), an agribusiness and food processing company, has been making a play in the vegan industry. Last year, the company rolled out a $500 million soybean processing facility that will be ready by 2025 and will process an extra 4.5 million bushels of soybeans. And this February, the company launched Beleaf PlantBetter — a plant-based alternative to traditional butter, expanding on its vegan foods portfolio. Despite falling short of expectations by posting a smaller-than-expected drop in first-quarter profits and maintaining its 2024 outlook for annual adjusted earnings at $9 per share, down from $13.66 last year, the company’s share price still surged by over 11% YTD. Also, Bunge has favorable analyst ratings, which is telling of its near future potential. Out of 11 analysts, 6 rated it a Buy, with 2 and 3 giving it Overweight and Hold recommendations, respectively. It’s definitely one of the most promising choices for vegan stocks to buy now. *On the date of publication, Hope Mutie did not have (either directly or indirectly) any positions in the stocks mentioned in this article. The opinions expressed in this article are those of the writer, subject to InvestorPlace.com’s* *Publishing Guidelines.* *On the date of publication, the responsible editor did not have (either directly or indirectly) any positions in the securities mentioned in this article.* Hope Mutie is a writer who’s enthusiastic about finance and crypto. At InvestorPlace, she keeps her finger on the pulse of the stock and crypto markets to create insightful and info-rich content to help investors navigate the market with confidence. ### Related Stocks - [LSF.US - Laird Superfood](https://longbridge.com/en/quote/LSF.US.md) - [INGR.US - Ingredion](https://longbridge.com/en/quote/INGR.US.md) ## Related News & Research | Title | Description | URL | |-------|-------------|-----| | 宜瑞安｜10-K：2025 財年營收 72.19 億美元不及預期 | | [Link](https://longbridge.com/en/news/276171037.md) | | 西非原油——三月貨物因運費上漲面臨壓力 | 西非原油 3 月份裝船貨物的差價受到高運費和充足供應的壓力。大約有 10 個安哥拉和 20 個尼日利亞的貨物可供選擇，安哥拉的 Nemba 報價為布倫特原油減去 2.50 美元，顯著低於之前的報價。西非原油運輸的運費處於多年高位，導致運往亞 | [Link](https://longbridge.com/en/news/276469474.md) | | 洞察 - 石油公司爭相爭奪項目以快速提升委內瑞拉的產量；真正的挑戰在前方等待 | 石油公司，尤其是雪佛龍，正在爭奪項目以提升委內瑞拉的石油產量，儘管面臨重大挑戰。阿盧拉鑽井平台的到來標誌着一個罕見的事件，但基礎設施問題和法律不確定性依然存在。美國的制裁已經放寬，這為潛在的產量增加提供了可能，預計在六個月內將增加 50 萬 | [Link](https://longbridge.com/en/news/276323886.md) | | 瑞幸咖啡的第 30,000 家 Origin 旗艦店是否正在重新構建瑞幸咖啡（LKNC.Y）的投資邏輯？ | 瑞幸咖啡（Luckin Coffee Inc.）已在深圳開設了第 30,000 家門店，這是首家 “原產地旗艦店”，專注於高端咖啡體驗和可持續發展。這一轉變強調了質量而非單純擴張，可能會重塑其在中國咖啡市場的競爭地位。投資者被建議關注即將發 | [Link](https://longbridge.com/en/news/276367783.md) | | 08:31 ET 西德克薩斯的冠軍安哥拉牧場近百年來首次掛牌出售 | 位於德克薩斯州西部的冠軍安哥拉牧場首次上市，售價為 9,760,000 美元。該牧場佔地 4,795 英畝，擁有歷史悠久的卡薩皮埃德拉大廈，這是一座 7,000 平方英尺的維多利亞風格住宅。曾經是一個著名的安哥拉山羊養殖帝國的總部，該物業現 | [Link](https://longbridge.com/en/news/276338535.md) | --- > **Disclaimer**: This article is for reference only and does not constitute any investment advice.