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How Can Innovation Enhance Food Product Develop...

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How Can Innovation Enhance Food Product Development?


New Insights on Consumer Led Food Product Development in India! It is very interesting to note how the consumer science segment in the Indian economy has evolved. The segment was actually initially a small one. But today it is one of the core components of the Indian economy. If there is anything that defines the new Indian economy it is the emerging consumer science and technology sectors.


A fresh set of issues is being considered in the context of the development of consumer science in India. One such issue pertains to the fact that there are several challenges that the industry has to face. The paper builds upon the themes of the previous series of New Insights into Consumer Led Food Product Development in India. Here we have a look at some new perspectives on Indian innovation management literature.


The second part of the new insights into consumer-led food product development in India looks into the emerging challenges posed by the commercialization of science and technology. Science has come to replace economics as a key driver of development in the third world. In many cases, the transformation has been incomplete and there has been minimal integration of the technology. Thus there are gaps that the paper addresses by drawing attention to the various shortcomings of the commercialization of science and technology in India.


The paper also looks at some new issues arising in the context of innovation policy. One major criticism has been the slow adoption of policy in the sector. It takes too long for the regulation and licensing to drive innovation in the field of consumer-led food product development in India. Policy changes could be made but the time taken for implementation is insufficient.


A flexible and open policy can be formulated to encourage innovation in the field of food industry. New policies and rules can be framed to respond to new developments that emerge in the market. This requires sustained effort from the government as well as private sectors. An increase in the research and development budget can help drive a greater focus on the ramped in the food industry. These changes can reduce the cost of processing raw ingredients and can make processing cheaper. Processing costs can be reduced because of advances in transportation technology.


There is also a need for greater flexibility in the licensing policies in the European food industries. There are many examples in the United Kingdom and the United States, where the rules have been severely limited for new products. These barriers have prevented small companies from innovating. However, this problem can be addressed through the creation of a European food safety authority. Such an authority would pool together the interests of all manufacturers and processors in the food industry and allow truly new products to come to the market.


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