The global consumer industry experienced a 125% rise in the number of plant-based diets-related patent applications in Q3 2023 compared with the previous quarter. The total number of plant-based diets-related grants rose by 114% in Q3 2023, according to GlobalDataâ€™s Patent Analytics. GlobalData’s databook Consumer: Patents Trends Q3 2023 offers comprehensive insights into patenting trends, major players’ strategies, and geographical focus in the sector over the last three years. Buy the databook here.
Notably, the number of plant-based diets-related patent applications in the consumer industry was 678 in Q3 2023, versus 301 in the prior quarter.
The top five companies accounted for 9% of patenting activity
Analysis of patenting activity by companies shows that Nestle filed the most plant-based diets patents within the consumer industry in Q3 2023. The company filed 34 plant-based diets-related patents in the quarter, compared with 32 in the previous quarter. It was followed by Amano Enzyme with 8 plant-based diets patent filings, Ingredion (6 filings), and Northeast Agricultural University (6 filings) in Q3 2023.
Patenting activity was driven by China with a 42% share of total patent filings
The largest share of plant-based diets related patent filings in the consumer industry in Q3 2023 was in China with 42%, followed by South Korea (16%) and the US (10%). The share represented by China was 9% higher than the 33% share it accounted for in Q2 2023.
For further understanding of GlobalData's Consumer: Patents Trends Q3 2023, buy the databook here.