[ad_1] The post 5 Top Vegan Stocks For a Sustainable Future appeared first on Millennial Money. There’s an unusual shift happening among American eating habits: More of us than ever before are open to the idea of eating less meat. A 2020 Gallup poll said that 23% of Americans cut back on their meat consumption over the past year. The top two reasons for doing so? Health and the environment. Of course, veganism entails far more than just cutting back on the occasional steak; you also have to cut out all animal-based products. But the point is that a large portion of the average population is starting to change their thinking about food from animals. And, despite what you might think about the vegan lifestyle, you don’t have to make your clothes out of hemp or be a member of a drum circle to incorporate more plant-based foods into your diet. In fact, many fast-food chains in the United States—including KFC, Burger King, Pizza Hut, and more—have tested or added vegan options to their menus. So, why are these companies jumping on the vegan gravy train? For one, the vegan market is expanding rapidly and is expected to more than double in size from 2018 to 2026. And then there’s the sustainability angle that is drawing in both companies and individuals. Raising animals for meat consumption generates a lot of greenhouse gases and, generally speaking, vegan alternatives can be produced with less harm to the environment. For example, a study conducted by Quantis found that 1kg of plant-based meat made by Impossible Meat required 96% less land, contributed 89% less greenhouse gas emissions, and used 87% less water than 1kg of beef. For investors who care about environmental sustainability and want to tap into the fast-growing vegan market, you’re in luck. Below are three companies diving headfirst into the vegan lifestyle and two that are expanding their operations to add vegan options. 5 Vegan Stocks for a Sustainable Future These are the top 5 vegan stocks to invest in this year. Beyond Meat Tattooed Chef Oatly Group The Hain Celestial Group United Natural Foods Beyond Meat (Nasdaq: BYND) Beyond Meat, Inc. (NASDAQ:BYND) Price: $95.8 (as of close Oct 21, 2021) Market Cap: $6.871B document.addEventListener(“DOMContentLoaded”, function(event) { Highcharts.stockChart(“stockChart-df2bf68637550e3bf9f49c6ee54c9f11”,{rangeSelector:{selected:1},title:{text:”Beyond Meat, Inc. 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That’s because the company has expanded rapidly across the globe and its products can be found in more than 112,000 grocery stores and restaurants across the United States. Beyond Meat started with its plant-based burger but has since expanded to meatballs, sausage, and even “chicken.” The company is a major success story in the vegan market. Consider that in the second quarter of 2021, sales increased 32% compared to 2020 (which was a particularly bad year thanks to the pandemic). Comparing second-quarter 2021 sales to 2019 shows a more complete picture, in which revenue skyrocketed 122% over the two-year period. Beyond Meat went public in mid-2019, and despite the stock’s volatility, its share price has still gained 57% since its IPO, outpacing the S&P 500’s 49% gain over the same period. And when it comes to creating a more sustainable future for food production, Beyond Meat is putting up some very impressive numbers in that category as well. The company’s plant-based Beyond Burger generates 90% less greenhouse gas emissions, requires 46% less energy and has 93% less impact on land use than a ¼ pound of U.S. beef, according to a University of Michigan study. Tattooed Chef (Nasdaq: TTCF) Tattooed Chef, Inc. (NASDAQ:TTCF) Price: $17.56 (as of close Oct 21, 2021) Market Cap: $1.485B document.addEventListener(“DOMContentLoaded”, function(event) { Highcharts.stockChart(“stockChart-9fe62bf318163e098af9ebe5773d2f00”,{rangeSelector:{selected:1},title:{text:”Tattooed Chef, Inc. 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Instead, the company makes frozen, ready-to-cook vegan products, including cauliflower macaroni and cheese bowls, pizza crusts, acai bowls, and plant-based burgers. The company says that it uses “sustainably sourced ingredients” and plants to grow and produce all of its own food. By controlling the entire food production process, from its farming locations in Italy and California, the company is in control of the entire system leading right up to when customers buy its products. Tattooed Chef is young, having started in 2018, and its shares have only been publicly listed for less than two years. The Tattooed Chef went public through a special purpose acquisition company (SPAC) merger in June 2020 and since then its share price has jumped nearly 50%. In the second quarter of 2021, the company said it acquired Foods of New Mexico, giving it additional non-frozen products and expanding the company’s food production capacity. Additionally, the Tattooed Chef said that by the end of the third quarter its products will be in 12,000 retail stores, surpassing its previous goal of 10,000 locations. Like some other vegan stocks—and newly publicly traded companies—the Tattooed Chef’s share price has been pretty volatile since it went public. Potential investors may want to keep tabs on how the company’s recent expansion translates into additional sales and, hopefully, expands its bottom line. 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