The global consumer industry experienced a 14% decline in the number of plant-based diets-related patent applications in Q1 2024 compared with the previous quarter. The total number of plant-based diets-related grants dropped by 6% in Q1 2024, according to GlobalData’s Patent Analytics. GlobalData’s databook Consumer: Patents Trends Q1 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 plant-based diets-related patent applications in the consumer industry was 911 in Q1 2024, versus 1,064 in the prior quarter.
The top five companies accounted for 7% of patenting activity
Analysis of patenting activity by companies shows that Nestle filed the most plant-based diets patents within the consumer industry in Q1 2024. The company filed 17 plant-based diets-related patents in the quarter, compared with 37 in the previous quarter. It was followed by Roquette Freres with 13 plant-based diets patent filings, Cargill (11 filings), and Amano Enzyme (10 filings) in Q1 2024.
Patenting activity was driven by China with a 52% share of total patent filings
The largest share of plant-based diets related patent filings in the consumer industry in Q1 2024 was in China with 52%, followed by the US (8%) and Japan (7%). The share represented by China was 26% higher than the 26% share it accounted for in Q4 2023.
For further understanding of GlobalData's Consumer: Patents Trends Q1 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.
