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Furthermore, the demand for environmentally-friendly food products is boosting the industry’s growth. According to a Market Research Future report, the Plant-Based Food Market is estimated to reach $37.98 billion by 2027, growing at a 10.2% CAGR. Investors’ interest in food stocks is evident in the Invesco Dynamic Food & Beverage ETF’s (PBJ) 3.3% returns over the past month.
So, we think it could be wise to bet now on quality food stocks Danone S.A. (DANOY), Sysco Corporation (NYSE:SYY), Tyson Foods , Inc. (NYSE:TSN), and Darling Ingredients Inc. (DAR). They are well-positioned to gain from the rising food prices.
