Why fresh ideas are key to ongoing success of Irish food sector
This is one of the most important and respected industries in the country, supporting over 60,000 high-quality jobs and generating strong exports each year. But consumer expectations are changing fast. People want food that's healthier, more sustainable, and more transparent – and the companies that thrive in the years ahead will be those that respond quickly and innovatively to those demands.
Innovation isn't a luxury – it's a necessity. And the sector is responding. New data released at the summit showed that Enterprise Ireland-supported food and drink companies invested €166m in research and development in 2024, with 113 firms each investing more than €100,000. That's a strong step forward.
But we know it needs to go farther. Food Vision 2030 sets out a target for privately funded R&D to reach 1pc of turnover across the agri-food sector. That's a bold and important ambition – and meeting it will be essential if we're to remain globally competitive.
What stood out most at this year's summit was the power of collaboration. Across the day, we heard from start-ups, scale-ups, researchers, and established brands, all working with agencies like Bord Bia, Teagasc, BIM, FSAI, and our Food Technology Gateways. That joined-up effort is one of Ireland's biggest strengths.
We also saw how technology is reshaping food – from AI and precision fermentation to breakthroughs in personalised nutrition, smart manufacturing and sustainable packaging. These aren't just trends; they're real opportunities for Irish companies to lead and grow.
And it's not just about technology – it's about mindset. Businesses that build innovation into how they think, hire, plan and invest are the ones best placed to adapt. That point came through clearly in case studies from firms like Keogh's, Lily O'Brien's, Kepak, and West Cork Distillers.
At Enterprise Ireland, we're committed to supporting that journey –by funding innovation, connecting companies to research expertise, and helping them scale internationally. The ambition is already there. Now we need to back it with urgency and action.
This summit was about momentum – and ensuring that today's challenges become tomorrow's opportunities. With the right investment and collaboration, Ireland can continue to lead in producing high-value, sustainable food for the world.
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