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Article: New product activity outpacing 2004.(Mintel's Global New Products Database)
- Article from:
- The Food Institute Report
- Article date:
- November 14, 2005
CopyrightCOPYRIGHT 2005 The Food Institute. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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An impressive total of 9,074 new food/beverages products were tracked by MINTEL'S GLOBAL NEW PRODUCTS DATABASE in the first half of this year--up 12.2% from the comparable period in 2004. A look at the new food/beverage launches for the first half of 2005 finds pet food exhibiting the most explosive growth--up 160.1% over the comparable period last year, far surpassing any other category, according to the Food Institute's analysis of the data gathered from Mintel's Global New Products Database. A total of 245 new pet food products were introduced through June 2005. A trend in gourmet pet foods has surfaced as manufacturers unveil products to satisfy the increasingly ...
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