The global consumer industry experienced a 37% decline in the number of plant-based diets-related patent applications in Q2 2023 compared with the previous quarter. The total number of plant-based diets-related grants dropped by 54% in Q2 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 126 in Q2 2023, versus 200 in the prior quarter.
The top five companies accounted for 21% of patenting activity
Analysis of patenting activity by companies shows that Nestle filed the most plant-based diets patents within the consumer industry in Q2 2023. The company filed 14 plant-based diets-related patents in the quarter, compared with 15 in the previous quarter. It was followed by Dalian University of Technology with 5 plant-based diets patent filings, Kangnam University (4 filings), and Coca-Cola (2 filings) in Q2 2023.
Patenting activity was driven by China with a 49% share of total patent filings
The largest share of plant-based diets related patent filings in the consumer industry in Q2 2023 was in China with 49%, followed by the US (13%) and Japan (6%). The share represented by China was 13% higher than the 37% share it accounted for in Q1 2023.
For further understanding of GlobalData's Meat Substitutes Market Size, Competitive Landscape, Country Analysis, Distribution Channel, Packaging Formats and Forecast, 2016-2026 buy the report here.
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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.
