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Future Innovations in Food and Drinks to 2006: Forward-focused NPD and consumer trends

Published by: Business Insights

Published: Sep. 1, 2004 - 116 Pages


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Future Innovations in Food and Drinks
Forward-focused NPD and consumer trends
Executive Summary 
NPD sources and drivers 
The marketing mix 
The next big thing… 
Innovation industry opinion survey 
Chapter 1 Introduction 
Chapter 2 NPD Sources and Drivers
Summary
Introduction 
Where do the best NPD and innovation ideas come from? 
Case study: fizzy fruit
Inspiring new product development ideas: ears to the ground and eyes on the
trash can
Macro trends now and in the near future 
Convenience 
Health and wellbeing 
Indulgence/luxury 
Obesity and the GI diet 
What other world trends should you be aware of when considering your
NPD and innovation programmes? 
Case study: Qibla Cola
An ever more discerning youth market
A growing grey market with more spending power 
Single person households 
The dance of the pink pound 
Ethnicity and gender 
Nutrogenomics 
Functional foods
Ethical trading 
NPD constantly in the making and innovation that takes years to come to
fruition 
The U.S. does not always lead NPD 
Case study: growing popularity of barbeque products 
Case study: a cut above the rest
Chapter 3 The Marketing Mix 
Summary 
Introduction
The retail environment and consumer expectations 
Consumers shop smarter and become more demanding
Masstige - a new concept 
Price versus quality; the competition continues 
Mess with colour-shape at your peril 
Packaging of the future could have a mind if its own
Sachet marketing
Radio Frequency Identification Devices (RFIDs)
Case study: packaging starts to feel the heat 
Category analysis 
Dairy
Milk 
Cheese 
Yoghurt and butter
Butter and dairy spreads
Case study: Bowland Fresh Milk
Case study: Night time milk 
Confectionery
The ebb and flow of liquid innovation
Wine drinkers’ sophistication prompts innovation
Case study: the beer to dine for 
Bread 
Bread is the staple part of many diets around the globe
Key innovative trends in alcoholic drinks 
Snacking
Case study: Magnum 7 Deadly Sins and Cornetto Love Potions
Soft drinks 
Case study: Vitsmart 
Case study: Tiger White 
Chapter 4 The Next Big Thing…
Summary 
Identifying the key trends that could be the next big thing for food and
drinks
Chapter 5 Innovation Industry Opinion
Survey 
Summary
Introduction 
NPD is the crucial building block for creating a strong competitive position
The key drivers of NPD
Getting to know your consumers is the most vital source of NPD inspiration
Seeking inspiration within the company
The winning formula: NPD platforms 
The average NPD cycle 
Eyeing up the premium and super-premium market 
Insight into the trends to consider to 2006
Consumers love affair with all things organic 
Convenience and portability 
Individuality 
Thinking outside of the box
The first consideration - who to target and who to avoid first
Retail channels for your new product 
What drives consumers to purchase a product they have never seen before? 
Chapter 6 Conclusions 
Actionable recommendations for NPD executives 
Index 
List of Figures
Figure 2.1: Qibla Cola
Figure 2.2: Jones Soda’s individual style of packaging 
Figure 3.3: Beer to dine for 
Figure 3.4: 7 UP Plus
Figure 3.5: Vitsmart 
Figure 5.6: How important are the following in building a strong competitive position? 
Figure 5.7: How important are the following drivers of NPD? 
Figure 5.8: How important are the following in building a strong competitive position? 
Figure 5.9: How important are the following in building a strong competitive position?
Figure 5.10: How significant are the following NPD platforms? 
Figure 5.11: How long is the average NPD cycle for new products in your company (perhaps take
the latest product as the average)? 
Figure 5.12: Where do you believe the majority of NPD is currently focused in the food and drinks
industry? 
Figure 5.13: How important will the following trends be in NPD over the next 18 to 24 months?
Figure 5.14: Which one of the following do you think will be the most important pack size in NPD
over the next 18 to 24 months? 
Figure 5.15: Which consumer group do you think will be the most attractive for food and drink
NPD executives over the next 18 to 24 months? 
Figure 5.16: How important will the following retail channels be in launching new products or line
extensions?
Figure 5.17: What do you think is the major reason consumers purchase a new product they've
never seen or bought before?
List of Tables
Table 5.1: How important are the following in building a strong competitive position? 
Table 5.2: How important are the following drivers of NPD? 
Table 5.3: How important are the following sources of innovation for NPD? 
Table 5.4: How important are the following in building a strong competitive position? 
Table 5.5: How significant are the following NPD platforms?
Table 5.6: How long is the average NPD cycle for new products in your company (perhaps take
the latest product as the average)? 
Table 5.7: Where do you believe the majority of NPD is currently focused in the food and drinks
industry?
Table 5.8: How important will the following trends be in NPD over the next 18 to 24 months?
Table 5.9: Which one of the following do you think will be the most important pack size in NPD
over the next 18 to 24 months? 
Table 5.10: Which consumer group do you think will be the most attractive for food and drink
NPD executives over the next 18 to 24 months? 
Table 5.11: How important will the following retail channels be in launching new products or line
extensions?
Table 5.12: What do you think is the major reason consumers purchase a new product they've
never seen or bought before? 

Abstract

It is well documented that more than 90% of all new product development (NPD) in the food and beverages industry fails - some claim the figure is in fact closer to 98%, a sobering thought if ever there was one. But the 2% that is successful accounts for billions of pounds, dollars, yen and Euros worth of business everyday, which begs the question: Is the risk a worthy one? The aim of this report is to demystify some of the techniques behind successful NPD and innovation. It pulls together research into consumer trends from around the world and interprets those trends as opportunities for food and drinks companies to convert into successful NPD.



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