Here's the Newest Plant-Based Stock to Join the 'Eat More Plants' Boom

Eat Well Investment Group, also known as 'The Company', is a Canadian plant-protein company winning in the space. The latest news on the agri-tech company.

Highlighted by the success of well-marketed plant-meat brands like Beyond Meat (BYND) -Get Beyond Meat, Inc. Report, Ingredion (INGR) -Get Ingredion Incorporated Report, Tyson Foods (TSN) -Get Tyson Foods, Inc. Class A Report, Oatly (OAT,) and Impossible Foods, the plant-based-food space has courted billions of dollars in inflows and likewise encouraged a host of entrants seeking to seize on the opportunity.

Interestingly, one of the biggest winners in the space as of late is not one of those household names, but rather Vancouver-based Eat Well Investment Group (EWGFF) -Get EAT WELL INVESTMENT GROUP INC Report CA: EWG. Thursday, the OTC stock was at $.70 per share, up 1.7% just after the market open.

“We have the total supply chain and the technology to know how to make incredible tasting and healthy food. That’s the overriding picture here,” Eat Well Chief Investment Officer Mark Coles said, helping to explain the contrasting stock trends.

"The Company", wasfounded on the principleof “how do we feed our families while honoring time-valued health and wellness traditions.”

Coles said, “Not only is it a superior product, less fat, fewer calories, etc., but it also comes with significantly more attractive margins than our competitors.”

Promising Plant-Based Trends

First and foremost, it is crucial to quantify the pace at which the opportunity in plant-based foods is progressing. Per Bloomberg Intelligence, the plant-based-foods market is expected toaccelerate to $162 billionin 2030 from $29.4 billion at present.

Source: Bloomberg Intelligence

That pace puts the market on track to easily outpace growth in its protein peers, many of which are seeing demand plateau as consumer tastes shift, environmental concerns abound, and livestock epidemics hurt supply. By the end of the decade, vegetarian options will be near par with other proteins in terms of total market size, a position few could have anticipated even just a few years ago.

Source: Eat Well Investment Group Inc.

Crowded Competitive Landscape

To be sure, the market opportunity available is no sign of assured success for individual companies. As with any major market gap, there is no shortage of firms seeking to deal with the growing demand.

Thus far, longstanding meat-based protein players like JBS SA (JBSAY), Nestle (NSRGY) -Get NSRGY Report, and Tyson Foods (TSN) -Get Tyson Foods, Inc. Class A Report have attracted adulation from analysts and investors alike for shifting to accommodate plant-based products.

Meanwhile, Beyond Meat and Impossible Foods have inked numerous high-profile partnerships, capitalizing on their marketability. In fact, Beyond Meat has even found itself on theshortlist of meme stocksthat traders have taken dearly to over the course of 2020 and 2021.