In 2023, Italy led European R&D expenditure in food, beverages, and tobacco manufacturing, followed closely by Germany and Spain. Portugal, Finland, and the Baltic states had significantly lower investment levels. Year-on-year, Italy had a 4.1% increase, while Germany and Spain saw modest gains. The Baltic states experienced substantial growth, notably Latvia with a 16.73% rise. Conversely, Finland's expenditure slightly declined.
Future trends to watch include the potential for increased investment from Eastern European countries as they close the innovation gap. Sustainability and health-related research are also poised to drive growth in the R&D sector across Europe.
Top countries in Business Enterprise R&D Expenditure in Manufacture of Food Products; Beverages and Tobacco Products by Country
| # | 8 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 355.5 | 2023 | +3.84% | +4.1% | View data |
| 2 | 2 Germany | 336.42 | 2023 | +0.59% | +0.84% | View data |
| 3 | 3 Spain | 267.43 | 2023 | -0.25% | +0.56% | View data |
| 4 | 4 Portugal | 67.9 | 2023 | +1.93% | +0.12% | View data |
| 5 | 5 Finland | 56.92 | 2023 | -0.75% | -0.062% | View data |
| 6 | 6 Lithuania | 6.93 | 2023 | +5.79% | +14.24% | View data |
| 7 | 7 Latvia | 3.01 | 2023 | +6.13% | +16.73% | View data |
| 8 | 8 Estonia | 2.92 | 2023 | +0.76% | +11.39% | View data |
