Environmental, social and governance (ESG) investments have become increasingly popular over the past few years. This is great news for ESG stocks as a whole. But as a key part of this growing conscientiousness, plant-based food stocks in particular stand to benefit.
While vegetarian options have been around for decades, plant-based meat and plant-based dairy alternatives have started to gain popularity. Companies like Beyond Meat (NASDAQ:BYND), Oatly (NASDAQ:OTLY) and Tyson Foods (NYSE:TSN) continue to churn out new-and-improved products. In fact, the vegan food market is growing rapidly, with estimates indicating it will reach $31.4