Can This Stock Bring Fresh Returns to Your Portfolio?
There are more than 328 million people in the United States, and many of them are overweight or obese. Consumers need healthier foods now, more than ever. Selling plant-based frozen foods, Tattooed Chef (NASDAQ: TTCF) is trying to be part of the solution after going public in October 2020 via SPAC. Here is why Tattooed Chef could be a rewarding long-term stock for investors.
Obesity is a bigger problem in the United States than at any point in history; an estimated 42% of the population is now considered obese. Things are getting worse, not better -- in 2012, no state in the country had a rate higher than 35%.
Fortunately, consumer tastes are beginning to change, as populations that grew up on processed foods and high sugar drinks are beginning to age. Younger demographics such as millennials and Gen Z show interest in plant-based foods as part of a normal diet; a study showed that 79% of these groups eat plant-based foods at least one to two times per week.
Source Fool.com
