This should be the first special issue on the innovation activities of the food manufacturing industry in the Journal of Science Policy and Research Management. Recent years have seen a rapid change on the innovation activities of the industry, especially in EU. A large number of countries have promoted their competitiveness of food industries, which once focused on the domestic demands. However, as the domestic markets of industrially advanced nations seemed to be saturated, many large companies enhanced their international strategies to the world including developing country markets. As a natural consequence, innovation activities have been intensified worldwide. On the other hand, profitability from the innovation activities is still not stabilized and there are many issues left on the innovation models. Then, this special issue focuses on the value creation and the business models of the food manufacturing industry.