The global foodservice industry experienced a 13% decline in patent filings in Q2 2024 compared with the previous quarter. The total number of grants dropped by 9%, resulting in overall patent publications decreasing by 13.9%, according to GlobalData’s Patent Analytics. GlobalData’s databook Foodservice: Patents Trends Q2 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 patent applications in the foodservice industry was 192 in Q2 2024, versus 223 in the prior quarter. Filings were down 40% year-on-year and decrease 13% quarter-on-quarter. This compares to a 40% year-on-year decrease in patent grants and 13% decline in quarter-on-quarter.
The top five companies accounted for 23% of patenting activity
Analysis of patenting activity by companies shows that the largest number of patents filed over the last quarter was by Starbucks with 17, followed by Anheuser-Busch InBev with 8 and Insight Enterprises with 7.
Patenting activity was driven by the US with a 54% share of total patent filings
The largest share of patent filings in the foodservice industry in Q2 2024 was in the US with 54%, followed by Australia (4%) and the UK (3%). The share represented by the US was 8% higher than the 45% share it accounted for in Q1 2024.
For further understanding of GlobalData's Foodservice: Patents Trends Q2 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.
