The data for 2024 shows that Slovenia stands out with the highest R&D expenditure in the food products and beverages sector among the listed countries, valued at 9.17 million Euros. Lithuania follows at 5.73 million Euros, while Slovakia, Latvia, and Estonia report significantly lower figures. The year 2023 saw a notable increase in Lithuania's R&D spending compared to 2022, with a rise of approximately 9.98%, while Estonia and Slovakia experienced declines. Latvia and Slovenia showed moderate growth in that year.
For future trends, expect Eastern European countries to continue enhancing their R&D investments due to potential EU fund allocations. Key drivers for this growth include an increased focus on innovation and competitive product differentiation in the food and beverages market. Monitoring the impact of digital transformation and sustainability initiatives on R&D expenditures will be crucial for forecasting future changes in this sector.
Top countries in Business Enterprise R&D Expenditure in Manufacture of Food Products and Beverages by Country
| # | 5 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Slovenia | 9.17 | 2023 | +3.62% | +3.79% | View data |
| 2 | 2 Lithuania | 5.73 | 2023 | +3.49% | +9.98% | View data |
| 3 | 3 Slovakia | 2.14 | 2023 | +3.79% | -0.92% | View data |
| 4 | 4 Latvia | 1.61 | 2023 | +4.61% | +2.98% | View data |
| 5 | 5 Estonia | 1.45 | 2023 | -7.01% | -3.18% | View data |
