The global foodservice industry experienced a 19% decline in patent filings in Q2 2023 compared with the previous quarter. The total number of grants rose by 4%, resulting in overall patent publications decreasing by 19.9%, according to GlobalData’s Patent Analytics. GlobalData’s Foodservice Market analysis report provides an in-depth evaluation of the global foodservice market, including the key profit and cost sector metrics and issues impacting the market. Buy the report here.
Notably, the number of patent applications in the foodservice industry was 197 in Q2 2023, versus 246 in the prior quarter. Filings were down 46% year-on-year and decrease 19% quarter-on-quarter. This compares to a 46% year-on-year decrease in patent grants and 19% decline in quarter-on-quarter.
Most patenting activity has been in the BPM Solutions sector, where the number of patents filed Q1 2023 was 46, a drop of 29% versus the previous quarter. The second-largest patent count was in e-commerce (37, down 26%) and then IT Services in third (29, down 22%).
The top five companies accounted for 15% of patenting activity
Analysis of patenting activity by companies shows that the largest number of patents filed over the last quarter was by Anheuser-Busch InBev with 7, followed by Starbucks with 6 and maxingvest with 6.
Patenting activity was driven by the US with a 53% share of total patent filings
The largest share of patent filings in the foodservice industry in Q2 2023 was in the US with 53%, followed by South Korea (8%) and China (8%). The share represented by the US was 7% higher than the 46% share it accounted for in Q1 2023.
For further understanding of GlobalData's Foodservice Market, 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.
