Research & Development in the Food & Beverage industry
Latest R&D trends in this sector include plant-based foods, waste reduction and shelf life extension, non-GMO products, green & innovative packaging, and more.
Most food & beverage companies are unaware that their day-to-day operations could qualify for the Research & Development (R&D) Tax Credit, which rewards eligible companies with dollar-for-dollar tax savings on their income and/or payroll tax liability.
Examples of R&D activity in Food & Beverage
- Improving texture or nutritional content of food product formulations
- Integrating a new ingredient to a recipe
- Improving machinery and equipment to ensure safe handling of food, improve productivity, and cost-efficiency
- Creating new packaging to improve shelf life, durability, and product integrity
- Developing innovative and/or environmentally friendly packaging material
- Incorporating new or improved equipment into production lines
- Experimental recipe development, including seasonal foods and drinks