Future Innovations in Food 2001: Forward-focused NPD and Maximizing Brand Value

Business Insights
May 1, 2001
134 Pages - SKU: RET453324
Attention: There is an updated edition available for this report.
License type:
Future Innovations in Food 2001: Forward-focused NPD and Maximizing Brand Value

 
Future Innovations in Food 2001 looks at the changing trends in innovation and the effect these will have on the product launch landscape, small and large manufacturers and the food market overall. It analyzes the product life-cycle, new product launches and the opinions of executives in all the leading global food manufacturers to give an accurate picture of new product development (NPD) now and in five years. The report analyzes trends by geographic region and product market to give the most accurate picture of manufacturer activity available today. Analyzing product positioning by target audience and addressing the key positionings of health, convenience and indulgence, the report will help you to analyze the likely success of your product launching into these arenas.



Additional Information

Future Innovations in Food 2001 looks at the changing trends in innovation and the effect these will have on the product launch landscape, small and large manufacturers and the food market overall. It analyzes the product life-cycle, new product launches and the opinions of executives in all the leading global food manufacturers to give an accurate picture of new product development (NPD) now and in five years.

The report analyzes trends by geographic region and product market to give the most accurate picture of manufacturer activity available today. Analyzing product positioning by target audience and addressing the key positionings of health, convenience and indulgence, the report will help you to analyze the likely success of your product launching into these arenas.

Based on an industry survey addressing issues from the key types of NPD to price and quality positionings and retail channels both now and in the future this report is key to all those assessing NPD strategy for their product.

Some Key Findings


1. The NPD cycle will decrease, on average, from 2.1 years to 1.3 years in the next five years. This will place more pressure on many manufacturers to introduce greater efficiency into the NPD process and necessitate ingredients and packaging suppliers to play a more central role in developing new products.
2. Senior citizens are still under-represented by new product launches in all regions. Some manufacturers have achieved success through the marketing of health benefits, but there are still huge opportunities for those companies that can target senior consumers specifically on the basis of other features and benefits.
3. Unilever is rated as the most innovative food company,
followed by Nestle. US manufacturers occupy four of the top ten leading places in the table of the most innovative companies. McVitie's is ranked in the top ten, despite its reduction in NPD spend, proving that efficiency and focus, rather than straight investment provide the key to NPD success.