A major trend impacting the food industry is the increasing number of potential customers on vegetarian or vegan diets. In the new product development (NPD) stage, manufacturers may work to create innovative products that imitate the appearance, taste or texture of established food without using animal products. Alternatively, they may aim to replicate the effects of small-scale, artisan processes on an industrial scale.
Companies in the drinks industry are constantly undergoing R&D to explore novel ingredient combinations, develop unique flavours, and experiment with different brewing or distillation techniques to create products that stand out in a crowded market. With movements like mindful drinking gaining popularity, industry trends include low-alcohol or alcohol-free alternatives, sustainable packaging, and beverages that boast health benefits.
How We Can Help
The food & drink industry relies heavily on R&D to develop new products that satisfy evolving consumer demands. In addition to researching consumer trends and creating new products, companies in this sector may undertake R&D to address sustainability challenges, meet new government legislation, and improve production efficiency.
At Think Cloud, we understand the unique needs of the food & drink sector and have the expertise to support your business. Whether you are creating a pioneering product or service or developing new knowledge, you could be eligible to R&D funding in the form of tax relief, grants or investments.
Our team of specialists stays up to date with the latest industry developments and will work closely with you to identify eligible R&D activities, uncover potential opportunities and apply to access your entitlement.
Other Sectors
Agriculture & Farming
The agriculture and farming sector is a dynamic industry that is constantly innovating to meet the demands of an ever-growing population. Through the use of technology, sustainable farming practices, and the development of new crops, the sector is at the forefront of cutting-edge research and development.
With cutting-edge technology like automation, electric vehicles and sophisticated data analysis, the automotive and logistics industries are making significant strides towards enhancing efficiency, reducing carbon emissions and meeting ever-growing demands for convenience.
The Clothing & Textiles sector is characterised by constant change, as it adapts to evolving trends, consumer preferences, and manufacturing practices. Innovation in material science, sustainable fashion, and technology is driving the sector, revolutionising the way clothes are designed and produced.
The construction industry plays a crucial role in our dynamic world, always striving to innovate and adapt. It pioneers innovative designs, materials that promote sustainability and uses advanced construction methods to modernise the way we all live and work.
Engineers are the creative problem solvers of the modern world, working across various industries to overcome challenges and push the limits of human innovation. With their expertise in science and mathematics, engineers constantly strive to develop new technologies and improve existing ones to better serve society.
The Hospitality industry is rapidly advancing, leveraging the latest technology to enhance guest experience while promoting sustainability and environmental consciousness. With a focus on innovation, the sector continually explores new and creative ways to set new standards for customer service and guest satisfaction.
The manufacturing industry plays a critical role in our world's economy. It's continuously innovating to make things better, faster, and more sustainable. By adopting technologies like automation and artificial intelligence, the sector is revolutionising the way products are made to benefit consumers.
The Software & IT industry is a fascinating and ever-evolving field that is continuously pushing the boundaries of what is possible. It's responsible for creating the tools and technologies that revolutionise the way we live, work, and communicate, making our lives easier and more connected.
Through continuous refinement of processes and the introduction of new, innovative solutions, the Waste & Recycling sector actively contributes to humanity’s goal of mitigating climate change by reducing waste, protecting the environment and safeguarding the earth’s natural resources.
