The global consumer industry experienced a 15% decline in the number of plant-based diets-related patent applications in Q1 2023 compared with the previous quarter. The total number of plant-based diets-related grants dropped by 22% in Q1 2023, according to GlobalData’s Patent Analytics. GlobalData’s Meat Substitutes Market research report provides an overview of the current market in terms of ingredients, manufacturer claims, labelling, and packaging. It includes a detailed regional analysis encompassing market size, key drivers, latest developments, and future challenges. Buy the report here.
Notably, the number of plant-based diets-related patent applications in the consumer industry was 213 in Q1 2023, versus 250 in the prior quarter.
The top five companies accounted for 15% of patenting activity
Analysis of patenting activity by companies shows that Nestle filed the most plant-based diets patents within the consumer industry in Q1 2023. The company filed 13 plant-based diets-related patents in the quarter, compared with 17 in the previous quarter. It was followed by CJ with 7 plant-based diets patent filings, Royal DSM (5 filings), and Technical University of Munich (4 filings) in Q1 2023.
Patenting activity was driven by China with a 43% share of total patent filings
The largest share of plant-based diets related patent filings in the consumer industry in Q1 2023 was in China with 43%, followed by South Korea (21%) and Japan (7%). The share represented by China was 10% lower than the 52% share it accounted for in Q4 2022.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Patent Analytics tracks patent filings and grants from official offices around the world. Textual analysis and official patent classifications are used to group patents into key thematic areas and link them to specific companies across the world’s largest industries.
