The business enterprise R&D expenditure in Italy for the manufacture of food products, beverages, and tobacco products is expected to show a steady increase from 2024 to 2028, with forecasted values rising from approximately $571.2 million in 2024 to around $660.69 million in 2028. In 2023, actual R&D expenditure was lower than the 2024 forecast. The year-on-year growth rates expected are fairly consistent, reflecting a positive trend.
Future trends to watch for include:
- Innovation in sustainability and eco-friendly production methods.
- Integration of advanced technologies like AI and automation in the production process.
- Expansion of R&D to meet changing consumer preferences and regulatory requirements.