Vegan Stocks to Invest In: Public Companies [UPDATED LIST]

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Whether you want to support vegan companies, or you’d just like to get involved in a rapidly growing market, investing in vegan stocks is a good way to do it.

There aren’t a ton of publicly traded vegan companies, but I’ve created a comprehensive list of your options.

You basically have 4 options to invest in vegan businesses, based on your budget, and level of risk/reward that you’re after.

  1. Invest in a public vegan company – There are some vegan companies with public stocks. I’ve listed several on this page.
  2. Invest in a public semi-vegan company – Some companies with public stock own several brands, some of which are and aren’t vegan. Not my preferred option, but you can consider it.
  3. Invest in private vegan businesses/startups (for advanced investors) – Investing in private vegan businesses is an option, but these are not typical stocks that you can buy and sell whenever you want. I’ll go over your options to find these in this post. These are the highest risk and reward because you’re getting in the ground floor.
  4. Consider investing in companies starting to support veganism. They sure aren’t vegan, and it’s not an option I love, but many dairy or animal agriculture companies are starting to invest in plant-based alternatives as consumer demand for them rises.

Publicly Traded Vegan Stocks

This is probably my preferred option for investing, but there’s also a limited amount of companies that fall into this category.

The companies below aren’t necessarily outspokenly vegan, but they only sell vegan products as far as I can tell, and are listed on a public stock market.

A few markets and companies I’m keeping my eye on:

  • Natural Order Acquisition Corp. (NOACU on Nasdaq) – A relatively new company which exists to acquire plant-based food companies. It’s planning to raise 250 million from its IPO, but hasn’t announced a date. It won’t be anytime soon, but I’ll update this page as details become available.
  • Pea protein. Right now, there are no pea protein companies on public stock markets (unfortunately, Beyond Meat’s pea protein supplier – Roquette – is family owned), but that will likely change in the future.
  • Egg alternatives. The most well-known vegan egg maker – JUST – has announced that they are looking to go public. However, they want to become profitable first, so this could be a year or two away. I’ll add any updates to this page.
  • Laird has filed for a proposed IPO, from what I can see, all their products are vegan. It typically takes 1-2 years from this stage to get to the actual IPO, but you might want to keep your eye on it.

These are in no particular order.

Beyond Meat (BYND)

Stock Exchange: Nasdaq

Listing: BYND

beyond meat stock chart

Beyond Meat is the first big plant based meat alternative company that has gone public. 

It offered its IPO at the beginning of May 2019, and got off to a strong start before hitting a rough patch.

It’s hard to know whether or not this meatless meat company is a good investment. On one hand, it looks like Beyond Meat is only going to continue to grow at a rapid pace. But on the other hand, many experts have been quick to point out that the share price is quite high for its current earnings.

The Very Good Food Company Inc.

Stock Exchange: CSE (Canadian Securities Exchange)

Listing: VERY

very good butcher stock graph

The Very Good Butchers is a Canadian company that makes a variety of plant meats.

They went public in 2020 on a Canadian stock exchange, after growing rapidly over their first 3 years of business.

With plans of expanding into the U.S. market, there’s a lot of room to grow.

Ingredion Incorporated

Stock Exchange: NYSE

Listing: INGR

ingredion stock

Ingredion doesn’t make food products directly, but they are a massive company that supplies certain ingredients to food manufacturers.

This includes, oils, sweeteners, starches, and grains, among other things.

Most importantly, all their products are plant-based. It’s tough to find specifics, but I believe they don’t use any animal products either.

The company was also named as one of the 2019 World’s Most Ethical Companies by Ethisphere (and for the 6 years before as well).

Bunge Limited

Stock Exchange: NYSE

Listing: BG

bunge limited

Bunge owns several brands which sell oilseeds, grains, and sugarcane across the globe. They all appear to be vegan-friendly as far as I can tell.

They seem pretty transparent and focused on the environment and sustainable practices.

However, note that Bunge does sell “animal feed”, so even though Bunge’s products themselves are vegan, they are tangentially involved in animal agriculture. It’s not a huge deal to me, but it is an issue for some, so be aware of it.

AAK

Stock Exchange: STO (Stockholm Stock Exchange)

Listing: AAK

aak stock

It’s a bit hard to tell from their website, which is loaded with nonsense buzzwords, but AAK sells oils and fats.

Their products do appear to be vegan, but I’m not super confident about that. They likely are, but I’m not 100% sure.

They do focus on sustainable and responsible sourcing, which are very much in line with vegan principles.

Note that AAK is on the STO. If you live in North America or somewhere beyond Europe, you can still invest in it if you want, but only certain investing platforms will let you. A quick call to whatever bank you use is the easiest way to find out.

SenzaGen

Stock Exchange: STO (Stockholm Stock Exchange)

Listing: SENZA

senzagen stock

This is the coolest company in terms of what they do in my opinion.

SenzaGen’s purpose is to make it possible to eliminate animal testing for allergenic tests. They make a big difference in the cosmetic, dyes, and pharmaceutical industries.

It’s another one listed on the STO, so you might need to contact your investing bank and find out if you’re able to buy stock.

SIMRIS

Stock Exchange: STO (Stockholm Stock Exchange)

Listing: SIMRIS ALG

simris stock

Again, Europe is leading the way in plant-based foods.

Simris makes vegan omega 3 supplement from algae, which is the best plant source of omega 3s. They make a few other algae-based products.

Their packaging and branding is beautiful, so hopefully they will do well in the future.

Else Nutrition

Stock Exchange: TSX Venture Exchange (Canada)

Listing: BABY

else nutrition stock

Else Nutrition makes plant-based infant and toddler formula. This is probably the closest you’ll find to a vegan penny stock.

While their products aren’t clearly labelled as vegan, there are some mentions of their products all being “vegan” on their website and a few news articles that I found.

There are no obvious animal products in the ingredients they use, but some like “l-carnitine” that could technically come from plant or animal sources.

U.S. Vegan Climate ETF

Stock Exchange: NYSE

Listing: VEGN

This is a relatively new ETF (here’s a brief intro to ETFs if you’re not familiar with them).

Their goal is to invest in companies not actively hurting animals or the environment:

The Index screens 500 of the largest US listed companies to exclude companies that derive more than 2% of their revenues from products or services directly related to prohibited activities

Key note: While they do have shares in vegan companies like Beyond Meat, this ETF also has holdings like Facebook and Apple. I guess they’re technically “vegan” companies, but they sure aren’t what you think about first. Just be aware of this.

Total Produce PLC

Stock Exchange: LSE

Listing: TOT

Total Produce is one of those companies that don’t have a vegan philosophy, but only sell vegan products.

They sell a variety of fruits and vegetables.

It’s also listed on the Irish Stock Exchange in addition to the London Stock Exchange.

Archer Daniels Midland

Stock Exchange: NYSE

Listing: ADM

archer daniels midland stock

Archer Daniels Midland is another agriculture company, similar to Bunge (listed above).

They make and sell a wide variety of plants (i.e. crops) like soy, wheat, nuts, oils, etc.

While all their products are vegan, it’s not exactly a “vegan company,” in the sense that they sell food directly to farms that support animal agriculture .

Semi-Vegan Publicly Traded Stocks to Invest In

Again, there aren’t many vegan options in the stock market, but here they are.

Tofutti Brands Inc. (TOFB)

tofutti stock price

Tofutti makes soy-based, dairy-free frozen desserts.

Note that while most of their products are vegan, not all of them are.

It’s an over the counter stock, so you can buy shares in it, but as you can see from the chart above, they haven’t done so great in recent years.

Hain Celestial Group (HAIN)

The Hain Celestial Group owns several “natural” and organic food companies. You might recognize a few:

  • Celestial seasonings
  • Earth’s Best
  • Health Valley
  • Hain Pure Foods
  • FreeBird chickens
  • Plainville Farms (Turkey)

HAIN owns several vegan companies, but also own companies who slaughter chickens and other animals. So you’re not strictly supporting vegan companies if you invest in HAIN, but I’ll leave the decision to you.

Conagra (CAG)

conagra stock chart

Unfortunately, there’s no Gardein stock symbol.

However, Gardein was purchased by Pinnacle foods, which was then acquired by Conagra, which owns a ton of food brands (some vegan, some not).

As you can see there are plenty of non-vegan brands that they own as well like Duncan Hines and Mrs. Pauls.

That’s really it for even vaguely vegan-related public companies right now. Unfortunately, investing and veganism are more or less mutually exclusive for now.

Private Vegan Companies and Startups

investing in private vegan businesses

It’s tricky to invest in private companies (not listed on the stock market).

Startups and small businesses need money to launch or grow, but can’t go public. So they either turn to angel investors and venture capitalists (which are typically millionaires), or to crowdfunding platforms.

Investing in these companies is an option, but most investors don’t know about it.

On crowdfunding platforms like Wefunder (which is awesome), you can invest in any (reasonable) size and buy equity of vegan companies you like (note that not all companies there are vegan). This method is time consuming, and there are limited opportunities to invest, but there are some.

A few people have launched startups to connect vegan businesses that need investments to vegan investors (that don’t need to have a ton of money to invest) in the hope of finding the next Beyond Meat before it gets big.

One option I’ll be keeping a close eye on is lab grown meat companies (a bit controversial on if lab grown meat is vegan or not right now though). If I spot any interesting opportunities, I’ll add them to this page.

Buy Stocks in Companies Who Are Starting to Support Veganism

If you’re okay with the idea of investing in Hain Celestial because a large portion of their business is vegan, you might be able to apply similar logic to other businesses.

Here are some companies on the public stock market who are ramping up their investment in vegan-friendly products:

  • Danone – Known for their non-vegan yogurt, but has invested large amounts into plant-based facilities recently.
  • Tyson – Has made a significant investment in Beyond Meat, and has created a $150 million capital fund to invest in plant-based startups. As I write this it seems strange to really consider Tyson (one of the largest chicken slaughterers) as anyway related to veganism.
  • Campbell’s – Joined the Plant Based Foods Association, and has launched new vegan products.
  • Unilever – Parent company of Ben & Jerry’s, who has recently launched several vegan ice cream products.
  • Cargill – They produce pretty much everything agriculture related. This includes pea protein, but unfortunately also includes poultry and other animal products.

None are vegan, lets be clear about that, but clearly see that the future is plant-based and will hopefully transition more and more of their business to vegan-friendly activity.

Summary of Vegan Investment Options

I’m far from an expert investor, but I’ve spent quite a few hours doing research for this post to make sure it covers all your options.

Personally, I feel that investing in smaller, private companies that truly embody vegan ethics is the way to go (for now at least). Maybe even go to local vegan businesses and ask about investment opportunities if you have the motivation.

Frequently Asked Questions About Vegan Investing

Here are some questions I often get emailed about. If you have any other questions that I might be able to help you with, feel free to get in touch or leave a comment below on this page.

How do you find out about new vegan stocks?

The best way to track new vegan stocks is to use Google Alerts. I have a few alerts with different variations of “vegan stocks” and “vegan IPO” that I monitor.

New vegan stocks don’t come along often, so don’t expect to get many alerts. However, I update this page when they do.

Is Impossible Burger publicly traded?

Currently, Impossible Foods (which manufactures the Impossible Burger) is a private company. However, the demand for their products continues to grow fast, so it may go public in the future.

Will Impossible Foods ever go public?

Impossible Foods has raised over a billion dollars over several rounds of funding so far.

While there’s no guarantee, it’s highly likely that Impossible Foods will go public at some point, just like Beyond Meat.

How do vegans invest?

There aren’t too many options for vegan investors. You can either invest in individual companies (like the ones on this page), or stick your money in a vegan ETF (not many to choose from at the moment).

Who owns vegan brands?

Many vegan brands are owned by larger food brands (that aren’t vegan). This includes companies like Conagra (owns Gardein) and Hain Celestial (owns Yves).

About the author

Dale Cudmore

Your friendly neighborhood vegan from Toronto. Chemical engineer turned semi-professional soccer player and freelance nutrition writer. I've been vegan for years and try to make life easier for others by sharing what I've learned.

44 comments

    • Me too! Tofurky has always been a family-owned business with no shareholders. Given how patient they’ve been over 30+ years while growing, I wouldn’t expect that to change.

    • Yeah it’s too bad there’s not many options. But I think we’ll see a slew of companies pop up over the next few years, and they’ll likely be really great investment opportunities.

    • It does look interesting, but seems like an unproven investment given the stage they’re at. Could be something to keep an eye on, thanks for letting me know about it.

    • Hi Pelle, did you contribute to the crown funding campaign?

      Personally I decided against it after checking the companies that Kale United supports. Not to be negative, but from an investment point of view I did not see them to be offering a product or service that is original or has an advantage over other non-vegan companies.

      This being said, I wish success to every vegan company 🙂

  • AWESOME! I really enjoyed reading this article. It is definitely uplifting to see such caring genuine and selfless energy being generated and spread around the world! This is not only beneficial information for individual investors but for well-being supporters all over the globe! I feel inspired that change is absolutely here! 🙂 Thank you for this read Dale!

    • It seems like there’s a lot of great projects being created these days. No doubt that many will turn into great investment opportunities as well.

      Thanks for the comment Alyssa.

  • Thanks for another interesting read, Dale.

    I knew of Simris before as I was wondering whether to invest or not like an year ago. I remember an issue that Simris had to deal with was the fact that there was no standard for eco algae. Yes, they are that much ahead of their time : ) The stock has fallen a bit but I hope they will find their way up eventually!

    I have not heard of Senzagen before and I will definitely check them out.

    There are some amazing Swedish vegan companies but unfortunately they are staying private (for now). Oatly (https://www.oatly.com/se/) is one of them. The specialize in oat based drinks and plant-based milk and are very popular in Sweden and growing fast internationally. China is investing in Oatly 🙂 Maybe, they will go public one day.

    There is another company that caught my attention – Anamma , they sell soy based meats on the Swedish market and got bought by Orkla few years ago (a giant company with dozens of mostly non vegan food products under its belt).
    Like you wrote, it is difficult to find vegan companies that are public because very often they are bought by bigger non-vegan companies or they are not advertised as “vegan” in the first place. There is a risk that if one waits for companies to go public under the banner “vegan” or even plant-based, one might miss some great opportunities. This said, I am very excited about Beyond Meat going public.

  • hi dale I own Nu-market ltd in Canada I manufacture a food supplement drink mix . I am just about to start selling shares private . how would you start off at 20.00 or 1.00 per this market is growing at a rate of 7-9 % each year for the past 5 years. usa and Canada market value is 1 billion now . look forward to your reply .

  • Hi Dale. Wow this was so informative, and honestly I just stumbled upon this online researching investors from the business end. What if I fell into the category of private vegan business startups and was looking for a potential investor. Do you have any info on what the criteria would be required at this stage to qualify for an investor? Would love to learn more. – Nia.

    • Hi Nia. Well it depends on what you’re looking for, you have a few different options:

      1. The traditional route would be pitching angel/VC investors. If you’re looking to raise a lot, this is probably your best bet.
      2. You can crowdfund using any of the large crowdfunding platforms, with Wefunder probably being the best option.
      3. You can get in contact with people running services like Vegan Launch (mentioned in the post), who will vet your business, and potentially give their members a chance to invest.
  • One company that could be added to the list of publicly traded vegan stocks in this article is “else nutrition”, which is selling plant-based toddler nutrition (https://elsenutrition.com).

    A remark regarding tofutti: it is not completely vegan, quoting their FAQ “Not all Tofutti products are vegan. Although all of Tofutti frozen dessert and cheese products are completely vegan, our Mintz’s Blintzes are not. Mintz’s Blintzes use egg whites in the crepes.”

  • Hi – I like the concepts here and I’m fully supportive of investing in plant-based/vegan enterprises. Did want to point out that some of these companies do sell their plant products as animal feed. Bunge, for example, is one of the largest suppliers of soy as animal feed for meat products. So even though the company only sells plan products, their distribution chain may not. I had initially wanted to invest in Bunge as well but further research showed that a lot of seed/grain companies do sell a large part of their outputs for animal feed. Do hope more plant-based companies become public who have a vegan philosophy across all aspects of their business. Think it’s very hard so probably will be limited but one can dream – especially if there is more demand from the public!

  • I so appreciate the information I have garnered from this site. I was wondering if you have any information about the green company VIOLIFE? They make excellent vegan cheese products and I would love to invest in their company but cannot find out how to do that. Thanks in advance for your reply. Keep up the good work.
    Vegan For Life

    • Hi Resheda,

      So Violife is a messy one…

      Violife itself is a private company, you can’t invest in them directly.

      Violife is owned by Arriva Group, which was recently bought by Upfield, which is owned by Kohlberg Kravis Roberts (KKR on NYSE): https://finance.yahoo.com/quote/KKR

      So you can kind of indirectly invest in it.

  • Thank you for the above: Helpful! There are more (listed) companies that make and sometimes advertise a big vegan effort or have gone entirely vegan. Cosmetics, clothing, alcohol … think some red wine producers, Heineken (on the Amsterdam stock exchange AEX), or – although I believe not all their products are vegan at least for now (but I prefer their vegan products to Heineken’s) – Asahi (maker of Grolsch, Asahi, and other beers as well as stronger stuff). Absolutely missing from your list is Canadian daiya (https://daiyafoods.com) which is owned by Otsuka Holdings that, like Asahi, can be bought on the Tokyo stock exchange. It’s a shame, though, that so many good companies are private … Pulled Oats producing Gold&Green, that Swiss company (and I cannot remember its name) which makes the best vegan burgers I’ve ever tasted, and Haldiram’s (which also makes some meat products but, it being an Indian company, mostly produces at least vegetarian and often vegan … http://www.haldiram.com/namkeen-and-savories/namkeens/dal-biji). A comment about Unilever: They also have other vegetarian / vegan products. E.g., the Vegetarische Slager (the Vegetarian Butcher) range. Which includes vegan products. Two other food producers – among others – I’d mention are Koninklijke Ahold Delhaize (plenty of own vegan products – from burgers to fish – that are healthy as well as tasty — Amsterdam AEX) and Iglo owned by, I believe, Nomad Foods Limited (NOMD): Their Green Cuisine range as well as other products like ‘Alpro Cream Spinach.’ Keep up the good work. All the very best, Dennis

  • PPS (:-): Beware: Nestle advertises some of its Garden Gourmet vegetarian range as vegan. (E.g., the ‘vegan burger’.) But: ‘May contain egg.’ So not really a vegan investment, is it? All the very best, Dennis

  • Why can’t I find a ticket on td ameritrade to buy Sweet Earth Foods? It’s a California company bought by Nestle.

    • I believe for the reason you stated – it’s owned by Nestle and there aren’t public shares of Sweet Earth Foods itself. You’ll have to invest in Nestle if that’s your goal.

  • Hello all. I did a little more digging and found out that PG is (largely?) vegan. In particular, Ariel, Lenor, Dreft, and Head and Shoulders (which are specific products I asked about) all are. Also see https://us.pg.com/cruelty-free. Another listed (in Frankfurt, Germany) producer our shampoos, etc. is Paul Hartmann which owns Kneipp (https://www.kneipp.com/us_en/products). Finally, it was confirmed to me by the company that all of Etos’ (owned by Ahold Delhaize which I wrote about earlier) with the exception of some medicines (and 1 of their 2 types of paracetamol in particular) are at least vegetarian and mostly vegan.

    • Hmm, I’m seeing quite a bit of information suggesting that Head and Shoulders is not vegan.

      Thanks for sharing though, might be of interest to others who come across this page.

  • Hi Dale, how about companies that grow fresh produce? Limoneira Company (LMNR on Nasdaq) grow and pack lemons and other fruit. If you can access the New Zealand exchange there are a number of such companies including Seeka (SEK on the NZX) who grow kiwifruit avocado and other fruit, and T&G Global (TGG on the NZX) who grow apples and other fresh fruit and vegetables. I’m sure there must be many on other exchanges too.

  • I think FMCI who will merge with Tattooed Chef mid october is a good addition to the semi vegan list. Then there has been an announcement this week that NOVS will merge with Appharvest, which might also qualify even for the vegan list.

    Both companies are atm SPACs and it might be interesting to look out for vegan reverse mergers with SPACs in addition to traditional IPOs as it is becoming a more popular option. The very big names like impossible or oatly will very likely go the traditional IPO route though.