New Food Products (Emerging Industry Overview)

This paper provides an overview of the new food products industry, primarily in the United States. This industry includes convenience foods, functional foods and nutraceuticals, organic and genetically modified foods.

Emerging Industry Overview: New Food Products

Industry Snapshot

The cozy scene of families gathered around the table each evening to share a home-cooked, made-from-scratch meal has been vanishing from the American dining horizon for some time. The reality of meal preparation is in flux. At the end of the twentieth century, almost one half of all U.S. food expenditures went for meals prepared outside the home and only one third of meals included at least one dish made the old-fashioned way. Americans don't want to invest more than 15 minutes in preparing their food, according to a Food Marketing Institute...

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