The global foodservice industry experienced a 44% decline in the number of digitalization-related patent applications in Q3 2024 compared with the previous quarter. The total number of digitalization-related grants rose by 3% in Q3 2024, according to GlobalData’s Patent Analytics. GlobalData’s databook Foodservice: Patents Trends Q3 2024 offers comprehensive insights into patenting trends, major players’ strategies, and geographical focus in the sector over the last three years. Buy the databook here.
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Notably, the number of digitalization-related patent applications in the foodservice industry was 51 in Q3 2024, versus 91 in the prior quarter.
The top five companies accounted for 27% of patenting activity
Analysis of patenting activity by companies shows that Starbucks filed the most digitalization patents within the foodservice industry in Q3 2024. The company filed 4 digitalization-related patents in the quarter, compared with 5 in the previous quarter. It was followed by Alphabet with 4 digitalization patent filings, Block (2 filings), and Municipal Parking Services (2 filings) in Q3 2024.
Patenting activity was driven by the US with a 55% share of total patent filings
The largest share of digitalization related patent filings in the foodservice industry in Q3 2024 was in the US with 55%, followed by China (8%) and Japan (6%). The share represented by the US was 12% higher than the 43% share it accounted for in Q2 2024.
For further understanding of GlobalData's Foodservice: Patents Trends Q3 2024, buy the databook 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.
