Data from the Survey on Innovation in the Food Processing Industry indicate that nearly three in five businesses (58.2%) in the food manufacturing subsector spent on average up to 5% of their total expenditures on innovation activities in the last three fiscal years (2021, 2022 and 2023). Such activities comprise four types: product, process, organizational and marketing innovation.
Slightly more than two in three food manufacturing businesses (67.7%) introduced at least one innovation from 2021 to 2023, down from 72.1% from 2016 to 2018. The proportion of innovating businesses declined across all four types of innovation. However, process innovation declined the most, with fewer than two in five businesses (38.5%) reporting introducing it in fiscal years 2021 to 2023 compared with nearly half (48.4%) doing so in fiscal years 2016 to 2018.
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