Companies typically introduce new food products several times a year, with estimates suggesting that around 15,000 new food products enter the market annually. Unfortunately, the failure rate looms at about 90%, with the average time spent on developing new foods being about two years. Larger companies rely on a product development team that includes food scientists, food engineers and marketing experts. The following are the new foods being introduced this month.
New Food Products Being Introduced
Companies typically introduce new food products several times a year, with estimates suggesting that around 15,000 new food products enter the market annually. Unfortunately, the failure rate looms at about 90%, with the average time spent on developing new foods being about two years. Larger companies rely on a product development team that includes food scientists, food engineers and marketing experts. The following are the new foods being introduced this month.