Best Vegan Companies to Invest In: Public and Private Stocks

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I support vegan businesses any way I can.

One of the ways you might want to do that is by finding vegan companies to invest in, and add them to your portfolio.

While you don’t have a ton of options when it comes to vegan companies that are publicly traded, I’ve put together 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 private vegan businesses/startups – These are typically smaller companies that are either just starting up, or have a bit of success. Almost all companies start here. It can be hard to find these, but there are a few ways (that I’ll go over below)These are the highest risk and reward because you’re getting in the ground floor.
  2. Invest in a public vegan company – There aren’t many vegan public companies, but there are a few that I’ll go over (Beyond Meat should also be coming soon).
  3. Invest in a public semi-vegan company – Some companies own several brands, some of which are and aren’t vegan. Not my preferred option, but you can consider it.
  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 to ride the vegan wave. These companies aren’t for or against veganism, they’re just responding to consumer demand.

Option #1: Invest in 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. If you’re interested in this option, I’d recommend checking out a service like VeganLaunch.

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.

Option #2: Publicly Traded Vegan Companies

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.

One market I’m keeping a close eye on is 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.

These are in no particular order.

1. Beyond Meat (BYND)

Stock Exchange: Nasdaq

Listing: BYND

beyond meat stock chart

Beyond Meat is the first big vegan meat 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.

2. 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).

3. 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.

4. 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.

5. 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.

6. 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.

Option #3: Semi-Vegan Publicly Traded Stocks to Invest In

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

If you’re new to investing, you’ll need to set up a trading account on a platform like Vanguard.

1. 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.

2. 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.

3. 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.

Option #4: 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.

Full disclosure: While I mentioned VeganLaunch originally without any sort of affiliate link because I think it’s a great service, at some point I’ve become an affiliate, meaning I do get a small commission if you end buying their services. I’ve tried to be as impartial as possible and laid out what they offer as clearly as possible so that you can form your own opinion.

About the author

Dale C.

Your friendly neighborhood vegan from Toronto. Chemical engineer turned semi-professional soccer player and freelance writer. Trying to do my small part in making the world better by writing about the wonderful world of veganism.

25 comments

  • Thanks for the information! Wish Tofutti wasn’t the only public vegan company.. I would love to invest in Tofurky.

    • 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.