In 2024, business enterprise R&D expenditure in China’s food products and beverages sector is forecasted to reach $14.84 billion PPP, following a value of $14.50 billion in 2023. The projected year-on-year growth rates reveal an upward trend: 2.7% for 2024-2025, 2.6% for 2025-2026, 2.5% for 2026-2027, and 2.4% for 2027-2028. Over the 2024-2028 period, the compound annual growth rate (CAGR) is expected to average 2.5%.
Future trends to watch involve increased innovation in food technology, sustainability practices, and regulatory changes which may impact R&D expenditure in the long term. Monitoring global market demands and health trends will be crucial for strategic R&D investments.
