In 2023, China's R&D expenditure in the manufacture of food products and beverages stood at 14.22 billion US dollars, leading globally. Norway followed with 0.13188 billion, showing a 3.24% increase. Romania, with the smallest expenditure at 0.00424 billion, experienced a 5.94% rise. Most countries displayed positive growth, except Finland, Mexico, and Estonia, with notable decreases of 0.65%, 13.73%, and 7.79%, respectively. Over the past five years, varying growth rates shaped the landscape, with each country's R&D focus influencing its trajectory.
Future trends to watch include:
- China potentially expanding its lead due to increased investment in innovation and technology.
- Upward trends in Norway, Chile, and Slovenia, possibly driven by government support and rising consumer demands.
- Continuous monitoring of negative trends in Finland, Mexico, and Estonia, focusing on strategies to reverse declines.
Top countries in Business Enterprise R&D Expenditure in Manufacture of Food Products and Beverages by Country
| # | 10 Countries | Million US Dollars PPP = 2015 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 14,220 | 2023 | +2.98% | +2.83% | View data |
| 2 | 2 Norway | 131.88 | 2023 | +2.29% | +3.24% | View data |
| 3 | 3 Finland | 59.74 | 2023 | -0.54% | -0.65% | View data |
| 4 | 4 Chile | 40.67 | 2023 | +0.75% | +1.98% | View data |
| 5 | 5 Mexico | 31.56 | 2023 | -18.41% | -13.73% | View data |
| 6 | 6 Czech Republic | 21.92 | 2023 | +0.62% | +3.96% | View data |
| 7 | 7 Slovenia | 14.65 | 2023 | +3.42% | +3.67% | View data |
| 8 | 8 Romania | 4.24 | 2023 | -6.84% | +5.94% | View data |
| 9 | 9 Latvia | 2.99 | 2023 | +4.44% | +2.91% | View data |
| 10 | 10 Estonia | 1.92 | 2023 | -13.29% | -7.79% | View data |
