10 Best Food Stocks To Buy Now
In this article we discuss the 10 best food stocks to buy now. The food industry remains ripe for further growth amid a surging demand and changing consumer trends. You can skip our investment thesis for the food industry and click here to read
Food remains one of the thriving industries worldwide, given its essential business nature and a strong connection to consumers. In 2020, global food industry revenue jumped by a record 20% year over year to reach $8.2 trillion, driven by a huge demand increase amid the coronavirus outbreak. As the pandemic disrupted global food supply chains, consumers flocked to convenience stores to load up their carts, resulting in a 76% rise in convenience food sales. Food industry in the U.S. is extremely diverse, with a variety of subsectors. Moody’s said in an October 2020 report that it expects a slight decline in sales and earnings in the packaged food industry in 2021 when compared to 2020, but the industry will r