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Innovative Formulation Approaches and Consumer Insights to Mitigate High Ingredient Costs

 

As ingredient costs increase, food and beverage manufacturers are being challenged to mitigate the impact of rising costs while still providing label acceptance and consumer eating experience. The consumer’s eating experience is a critical aspect of product development and acceptance, regardless of formulation. Food scientists and product developers are therefore often severely challenged to mitigate costs without sacrificing taste, texture, product quality and most importantly - the consumer’s eating experience. 

This webcast first analyzes the topical issues affecting ingredient commodity markets and the effect these issues have on product development. It helps food scientists and product developers acquire an understanding of the current ingredient commodity market, identify relevant trends and potential headwinds that cause challenges in their product development and formulation projects.

Furthermore, the webcast highlights consumer perceptions of product labels to help food and beverage marketers better research true consumer needs and better understand the difference between what consumer say (perception) and what consumers do (behavior) when it comes to product ingredients. Mintel consumer research and Nielsen shopper data is presented to demonstrate there is no link between consumer perception of certain label components and actual consumer purchase behavior. 

Lastly, the webcast focuses on using specialty grain-based ingredient and sweetener solutions to help manufacturers mitigate rising formulation costs, while retaining product eating quality. It will underscore approaches to cost optimization like reduction of costly ingredients, capital avoidance, and energy cost savings.

Learning Objectives:


Intended Audience(s): Product Developers, Company Management, Sales & Marketing Personnel, Plant Production Personnel, Quality Assurance Managers and Supervisors, Food Safety Specialists, Product manufacturers, Research Staff, Regulators, Academics, Students
Learning Level(s): Intermediate
Non-Member Registration Fee: $119
Member Registration Fee: $79
Student Registration Fee: $45
Presentation Date: 06/18/13 12:00 PM
Duration: 90 Minutes

Faculty:

Ron Sterk
Senior Editor, Markets
Sosland Publishing

Himanshu Shah
Technical Service Manager
Ingredion, Inc.

Martin J. Concannon
Managing Director
Lafayette Associates

Dr Elena Mirzoeva

Ingredion, Inc.

Donna Berry
Editor
Dairy & Food Communications Inc