Food Product Development Notes
Food Product Development Notes
Purpose:
Innovative recepie
To increase no. Of customer
New customer
Geographic markets
Increasing profit
Alleviating brand excitement
Increasing market share
Innovation can be done by means of packaging, by fortification of products.
People involved in Product Development
Food Scientists
Food engineers
Regulatory specialist
Market experts
Purchasing guru/experts
Idea generation
Screening of idea
Feasibility report
Financial report
Regulatory report
Test marketing
Market selection
Commercialization of the product
Idea Generation:
Modification in existing products
Social media trends
Sales volume
Analyzing foreign markets
Mind storming
Analyzing the consumer demand
Society problems
Discussions