New food product development
Food companies large and small introduce thousands and thousands of new food products each year. The time spent developing new food products ranges from 6 months to 5 years. The development of new food products is a wonderfully complex endeavor that utilizes the skills, patience, assets and commitment of an entire company.
Larger companies rely on a product development team that includes food scientists, food engineers, regulatory specialists, marketing experts, and purchasing gurus, while smaller companies may not even have a researcher and development department.
It was suggested that there are four stages:
*Product strategy development
*Product design and process development
*Product commercialization
*Product launching and evaluation
Product design and process development stage is important because a unique product is a key element in product development success. A new product is one that not has been presented before in any market-place anywhere. This is a rare occurrence.
A food product may be new to a company that has not sold it before but is not necessary new to a marketplace: other companies elsewhere might have sold it or product conceptuality similar to it before.
New food product development