In 2023, Switzerland led European business expenditure on R&D in food, beverages, and tobacco products, relative to GDP, with Belgium and Sweden following. Significant year-on-year growth was observed in Sweden at over 30%, indicating a burgeoning investment trend. Poland and Italy also showed notable increases. Conversely, Malta and Slovakia saw declines, with Malta experiencing a significant reduction. Over five years, substantial variability was evident, with some countries like Belgium and Sweden showing robust growth while others like Portugal and Finland faced declines.
Future trends to watch include the sustained growth potential in Sweden and Belgium, given their recent investments, and the possibility of a recovery in countries currently facing decreasing R&D expenditures, such as Malta and Slovakia, especially with the increasing importance of innovation in sustainable food production.
Top countries in Business Expenditure on R&D in Food, Beverages and Tobacco Products Manufacturing by Country
| # | 10 Countries | Percent of GDP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Switzerland | 0.14 | 2023 | +0.72% | +0.58% | View data |
| 2 | 2 Belgium | 0.074 | 2023 | +4.23% | +3.6% | View data |
| 3 | 3 Sweden | 0.062 | 2023 | +24% | +30.31% | View data |
| 4 | 4 Portugal | 0.032 | 2023 | 0% | -0.61% | View data |
| 5 | 5 Poland | 0.03 | 2023 | +20% | +10.76% | View data |
| 6 | 6 Italy | 0.03 | 2023 | +7.14% | +3.71% | View data |
| 7 | 7 Hungary | 0.026 | 2021 | View data | ||
| 8 | 8 Spain | 0.025 | 2021 | View data | ||
| 9 | 9 Finland | 0.025 | 2023 | -3.85% | -2.24% | View data |
| 10 | 10 Croatia | 0.011 | 2023 | -8.33% | View data |
