Opportunities and challenges for food industries and manufacturers in developing functional food products - FoodResearchLab

1
OPPORTUNITIES AND CHALLENGES FOR FOOD
INDUSTRIES AND MANUFACTURERS IN DEVELOPING
FUNCTIONAL FOOD PRODUCTS
An Academic presentation by Dr. Nancy Agens,
Head, Technical Operations, FoodResearchLab
Group www.foodresearchlab.com Email
info_at_foodresearchlab.com
2
Today's Discussion
OUTLINE
Introduction What is Functional Food Why is
Functional Food so Important Development of
Functional Food Products Challenges for the Food
Industries in Developing Functional Food Products
Opportunities for the Food Industries in
Developing Functional Food Products Conclusion
3
Introduction
A separate research and development domain called
nutrient science was established. Later,
scientists proposed a new idea which combines
food knowledge with human health and
physiology. This new idea was simply known as
the diet system. Then, scientists were able to
distinguish what type of nutrients enhance human
growth and human health. Contd..
4
So, they developed frameworks such as RDA, RNI,
diet guidelines, food chart etc which emphasises
the daily amount of nutrients to be taken by
humans. The f ood industries came up with a
solution of developing functional food products
to deliver healthy nutritious f ood products to
consumers.
5
What is Functional Food?
The food product Development which are enriched
with
nutrition contents already in them or modified
with other complementary nutrients which possess
the advantages of physiologically effects, to
provide health benefits and to prevent from
chronic disease.
The term functional food is also known as
fortified food, tailored food etc. A proper
definition for functional food was given only in
the 17th FFCs conference in 2014, which was
jointly organized by USDA and ARS. Contd..
6
Natural or processed foods that contains known
or unknown biologically-active compounds which,
in defined, effective non-toxic amounts, provide
a clinically proven and documented health benefit
for the prevention, management, or treatment of
chronic disease.
7
Why is Functional Food so Important?
There is significant growth and rapid production
of functional food products in recent times
because of its
benefits and advantages.
Enhance early development and growth.
Prevent from nutrient deficiency Reduce the risk
of obesity chronic disease Boosts the immune
system. Complete health condition is maintained
and stabilized. Contd..
8
(No Transcript)
9
Development of Functional Food Products
Food product development companies and food
consulting
services must meticulously follow the below
cycle to introduce a new functional food product
in the market.
There are many new food product development
companies and food innovation companies focusing
on the
development of functional food. Food research
lab? is one of such food innovation companies
concentrating on new beverage product
development and new product development in food
industry. The food consulting service providers,
food consultants and research staffs play a
vital role during the developmental
phase. Contd..
10
Development of Functional Food Products
11
Despite the surplus source of raw materials in
developed and developing countries, there are
lots of other challenges faced by a food
industry.
Challenges for the Food Industries in
Developing Functional Food Products
Some of the common challenges in the food
industries are
Contd..
12
MANPOWER
REGULATORY SYSTEM

• This is one of the important aspects which plays
  a vital role for successful operation and
  performance of the company.
• So, finding skilled laborers for the work is
  always a challenging tedious task yet this is a
  high prioritized task for any owner.
• Most of the companies in food
• industries are struggling to find good skilled
  laborers, unskilled laborers, researchers,
  consultants etc.

• Most of the countries lack a proper regulatory
  system where this affects the entire performance
  and development of the company.
• The company should establish a framework or a
  system for certification, sales and
  advertisement for their respective product.
• Marketing plays a vital role between production
  and supply.

Contd..
13
RESEARCH AND DEVELOPMENT
CONSUMERS DEMAND
INVESTMENT
5
In todays commercial world, people are running
so fast and theyre always demanding only for
the best upgraded products in the market.
It is highly recommendable to seek advice from a
business expert before investing in any
business.
The demands of the customers in food industries
is quite challenging because of its diverged
class of consumers with various demands.
A wise businessman always understands the
consumers demands and market before investing
on a new product.
So, the company should ensure that they deliver
their products in the right time according to
the consumers requirements.
The role of food development
c onsultants, researchers andscientists in
delivering advanced upgraded products becomes
inevitable.
14
Food industries create multiple openings to
various sectors and there are many people
getting benefited out of these opportunities.
Opportunities for the Food Industries in
Developing Functional Food Products

• Moreover, the countries like Japan, US, Europe
  etc are highly benefited out of the n ew food
  products and new beverages developed by these
  industries.

Contd..
15
MARKETING AND SALES These food industries, new
food products etc create new opportunities in
the marketing and sale. When compared to
conventional food products, these new
functional food products are costlier with high
profit margin. So, this opens a new door for
economic opportunities across the globe.
INNOVATION AND RD The current mindset of the
people is craving only for new best quality
products. The scientists and researchers in the
food innovation company are expected to deliver
new upgraded food products. Thus, these
industries create a new window for RD and
innovation in the food industry.
AUTOMATION AND IT SECTOR Nowadays, food
manufacturers have started to develop smart
food factories to increase productivity and save
time. Even IT sector is highly benefited out of
this industry where Artificial intelligence
technology has started to replace the
conventional system.
16
Conclusion

• As quoted by the greek physician Hippocrates
  food be thy medicine and medicine be thy food
  these functional food products serve as a
  medicine by preventing us against the disease
  and providing multiple health benefits.
• Conclusively, this article summarizes the
  benefits, advantages and development of
  functional food.
• This article also illustrates the opportunities
  and challenges
• for the food industries and its future scope.

17
Contact Us
UNITED KINGDOM 44- 74248 10299 INDIA 91
9566299022 EMAIL info_at_foodresearchlab.com