Product Development Portfolio

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This document is a product development portfolio that discusses the importance of ready-to-eat meals. It covers market trend research, unique selling points, food safety measures, preferred sensory characteristic maximization, and scalability. The document also includes a questionnaire, costing, nutritional label, packaging ideas, and a recipe. The target market for this product is officials and business professionals.
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Product development portfolio
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Table of Contents
INTRODUCTION......................................................................................................................3
Market trend research.............................................................................................................3
Unique selling point...............................................................................................................6
Food safety measured.............................................................................................................7
Preferred sensory characteristic maximization......................................................................8
Scalability...............................................................................................................................8
CONCLUSION..........................................................................................................................9
REFERENCES.........................................................................................................................10
Appendix..................................................................................................................................11
Questionnaire.......................................................................................................................11
Costing.................................................................................................................................11
Nutritional label...................................................................................................................12
Packaging ideas....................................................................................................................12
Recipe (10 portion) with CCP highlighted...........................................................................12
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INTRODUCTION
The present study is based upon the product development in which ready to ready-to-
eat dish will be consumed which is cold or reheated. The main purpose of this portfolio is to
let the people understand about the importance of dish (ready to eat meal). For that the study
will consider the 5 key areas such as market trend research, unique selling point, food safety
measured, preferred sensory characteristic maximization and scalability.
Market trend research
From the market research it is analyzed that the ready to eat meals is projected to
grow at a CAGR of 4.3%. Therefore, it is consider as a closest alternative to regular food that
can be consumed by any time.
Figure 1: Statista: Forecast adjusted for expected impact of COVID-19, June 2020
From the chart it is analysed that the growth of ready to eat meal is increases and the
consumer preference is also changing in order to meet the demand. From the study it is also
analysed that in Europe the majority of population is in between 18-35 years and they all
prefer to ready to eat food products because it is more convenient (Thienhirun and Chung,
2018). On the other side, in US North America is occupy the largest market share of ready to
eat food in which people prefer this food. In addition to this, it is also analysed that the
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packaging trend is also consider under market trend research in which people are attracted
towards the materials which are offered by the company in order to attract the visitors. As
ready to eat meals are more convenient and the dishes are presented in colour theme then it
will attract range of customers. Hence, it is stated that consumer behaviour driven are focused
upon the packaging material which in turn increase the demand in market.
For benchmarking visit, primary research has been done in which 20 people are
selected who preferred ready to eat meals and have to be answer the questions asked during
survey and the results are as mention below:
Theme 1: Majority of them prefer ready to eat meals
Yes No
0
2
4
6
8
10
12
14
16
15
5
Theme 2: Most of the factors are consider by the people while purchasing the products
2
4
3
11
Price Quality Packaging All of these
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Theme 3: They preferred both cold and reheated products
5
5
10
Cold Reheated Both
Theme 4: Company comply with different food safety measures
Yes No
17
3
Theme 5: Hygienic factor is also consider by the company
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19
1
Yes No
Discussion: From the primary research it has been interpreted that most of the employees
preferred to both cold and reheated products in ready to eat meal and that is why, the new
product should also be consider this as a unique selling point. Moreover, it is analysed that
customer consider price, quality, packaging and hygienic factor while purchasing the
products. Hence, the benchmarking visit clearly reflected that while developing ready to eat
meal products, make sure to comply with such factors because it encourage people in order to
purchase the products and also eat nutritious products as well.
Unique selling point
The dishes (ready to eat meals) are unique because it assist to gain competitive
advantages in market. Such that this offered dish concept for their ‘Free from’ range is unique
in market. Hence, it offered nutritious products to the customers which in turn attract range of
customers towards it. Also, the packaging material used to wrap the dish is also eco-friendly
and do not cause any negative impact upon the environment (Aviles and et.al., 2020). In
addition to this, the price of the dish is minimal such that it uses penetration pricing in which
low cost of product is offered to the customers as compared to other cafes and restaurants.
In addition to this, it is also analyzed the ready to eat dish offered new flavors and
taste to their customers or target market (business professionals and office). Also, this dish
are offered to the selected market because professionals do not have enough time to prepare
the food and that is why, this unique concept will help them to gain nutritious product.
Further this is more convenience for the target market and it also offered the cold and
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reheated product to their customers with an aim to increase the customer base. So, this unique
selling point assist to increase the market and keep grab attention of many customers towards
it.
Food safety measured
In order to provide ready to eat meal products to the customers, it is necessary to
provide proper instruction to them regarding the shelf life i.e. it is last for 3 days and that is
why, do not put the food after such days. In addition to this, there is a need to ensure that
food is eliminate from the bacteria and microbes and for that different techniques should be
adopted. Such that in order to remove bacteria, make sure that proper temperature
management for storage is used that in turn reduce the microbe growth (4 primary food safety
hazard and preventing foodborne illness, 2019). Also, an effective sanitation practices
through distribution chain should be performed which in turn reduce cross contamination of
food products.
In addition to this, to protect the food from chemical hazard there is a need to provide
effective training system to their employees which in turn improve the results. Further limit
the use of generally recognized as safe (GRAS) and also ensure that chemical are stored in
proper areas apart from food storage area. The biggest issue is physical hazard and to prevent
the same, proper inspection should be done and strict adherence to food safety regulation is
performed i.e. Hazard Analysis Critical Control Point in which all the specific guidelines are
provided to employees in order to protect food from any hazard.
Food processing is that technique which is used to convert the raw food items into
well-cooked as well as preserved eatables. Thus different techniques are as mention below:
Freezing: Modern way that helps to preserve the food for long lasting in both
commercial as well as domestic manner. It is a wide range of product that assist to
store the products in refrigerators.
Drying: One of the oldest method which is used by ready to eat meal product which is
used by human to preserve the products. It reduce the water content in a product that
reduce likelihood of bacterial growth (5 common method of food preservation, 2020).
Pickling: With the help of this method, food is cooked in chemicals that further
destroy micro-organism. This method include brine, vinegar, vegetable oil that assist
to attain maximum efficiency and preservation.
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Dehydration: Another technique in which food can be preserved for indefinite period
because it assist to extract moisture and also reduce the growth of micro-organism.
Thus, it is the oldest method and used by people in order to sun-drying foods.
Preferred sensory characteristic maximization
Sensory characteristic includes the texture, color and smell that helps to attract the
customers towards it. In the same way, for this unique concept these all plays an important
role in the success of food development. Such that if the taste of the product is delicious then
it will assist to improve the results and mouthfeel texture and smell are important to the
overall eating experience (Baskaran and et.al., 2017). Hence, it is analyzed that food must
smell fresh and ripe, also the shape and size will grab the attention of many customers. In the
same way, ready to eat meal should also be packed in an attractive manner so that it will
assist to provide better eating experience to their customers. The texture of the offered
product is eye catching and this in turn grab attention of many customers towards it.
However, there are different packaging techniques which are used in order to present
the food that catch eye of consumers. Such that for ready to eat products, dish are available
and the entire food is covered with multilayer plastic films, which are made of heat- resistant
plastics that helps to maintain the temperature (Fajardo, Alonso-Aperte and Varela-Moreiras,
2017). This type of packaging material is heat sealable and also has a good barrier properties
too. In this type of packaging, medium and low moisture food are preserved because their
temperature is bearable. Hence, this in turn helps to protect the food from any microbes and
bacteria. Moreover, the oil used for the making the food products is also edible oil and this in
turn control the cholesterol level and that is why, preferred by business professionals and
offices.
Scalability
In order to invest in such a unique concept, it is quite necessary to determine the
source of raw material. For that, the company should contact and hence uses outsourcing in
which raw material are provided by the third party. This in turn assist to save the time and as
the dish offered the nutritional product and that is why, all the ingredient should be high in
quality so that range of customers are attracted. In addition to this, human intervention is also
used for capital investment such that personal saving is used which in turn assist to scaled up
the bench up product concept (Bhuyan and Govindasamy, 2020). Also, to develop this unique
concept, there may be chances of financial risk such that the demand of the product is keep
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fluctuating and that is why, there is a need to make sure that nutritional food is offered which
in turn assist to attract the customers towards it.
In this modern era, every process become easy by using technologies and in the same
way, for booking purpose, the current concept will uses online booking process which in turn
assist to improve the results. This process is cost effective and also assist to let most of the
customer know about this unique concept. As the ready to eat meal market is fluctuating and
to meet the demand of customers, there is a need to examine the results and keep providing
unique product to their customers as well (Sennati and et.al., 2017). Hence, it is analyzed that
the dish concept will attract the range of customers and this in turn improve the financial risk
because in this busy schedule, most of the people will prefer to ready to eat products. So in
the same way, current dish concept is also assist to improve the results and keep attracting the
range of customers towards it.
CONCLUSION
By summing up above report it has been concluded that this new concept is attracted
the range of customers and it also uses eco-friendly product to packaging the food product so
that it will not cause any negative impact upon business. Also study concluded that human
resource are used which in turn promote the new product in better manner. Hence, the target
market of the new product is officials and business professional who invested their money to
purchase the product.
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REFERENCES
Books and Journals
Thienhirun, S. and Chung, S., 2018. Consumer attitudes and preferences toward cross-
cultural ready-to-eat (RTE) food. Journal of Food Products Marketing. 24(1). pp.56-79.
Aviles, M.V. and et.al., 2020. Effect Of Familiarity Of Ready-To-Eat Animal-Based Meals
On Consumers' Perception And Consumption Motivation. International Journal of
Gastronomy and Food Science, p.100225.
Baskaran, S. and et.al., 2017. Understanding purchase intention of ready-to-eat food among
Malaysian urbanites: A proposed framework. Int. J. Acad. Res. Bus. Soc. Sci, 7, pp.566-
579.
Bhuyan, S. and Govindasamy, R., 2020. Factors Affecting Consumption of RTE (Ready-To-
Eat) International Food in The United States. International Journal of Food and
Agricultural Economics (IJFAEC). 8(1128-2020-1531), pp.257-269.
Sennati, S. and et.al., 2017. Citrobacter braakii carrying plasmid-borne mcr-1 colistin
resistance gene from ready-to-eat food from a market in the Chaco region of
Bolivia. Journal of Antimicrobial Chemotherapy. 72(7). pp.2127-2129.
Fajardo, V., Alonso-Aperte, E. and Varela-Moreiras, G., 2017. Total folate content in ready-
to-eat vegetable meals from the Spanish market. Journal of Food Composition and
Analysis. 64. pp.223-231.
Finten, G. and et.al., 2017. Irradiated ready-to-eat spinach leaves: How information
influences awareness towards irradiation treatment and consumer's purchase
intention. Radiation Physics and Chemistry. 130. pp.247-251.
Online
5 common method of food preservation. 2020. [Online]. Available through: <
http://blog.equinoxlab.com/5-most-common-methods-used-in-food-processing/ >.
4 primary food safety hazard and preventing foodborne illness. 2019. [Online]. Available
through: < https://blog.smartsense.co/food-safety-education-month-hazards-prevention
>.
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Appendix
Questionnaire
1. Do you ever use ready to eat meals?
Yes
No
2. Which of the following factor you consider while purchase ready to eat product?
Price
Quality
Packaging
All of these
3. Which type of dished you preferred?
Cold
Reheated
Both
4. Do you think that ready to eat meal companies are comply with food safety measures?
Yes
No
5. Do you think that ready to eat meal products maintain hygiene?
Yes
No
Costing
Particulars Amount (£)
meat 3.15
Smoked fish 5.1
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Nutritional label
The nutrition facts label assist to determine what food a candidate is easting and it
also helps to determine the healthy and balanced die. Therefore, every packaged or processed
should be label and tis in turn helps to present the nutrition facts information which is
available during the product. In this, the % of the carbohydrates, fats, saturated fat,
cholesterol are properly defined which in turn let people know about the percentage of
calories.
Packaging ideas
In order to promote the product at high level, it is suggested to use the packaging
material which recyclable and eco-friendly in nature so that it will not cause any
damage to the environment and this in turn attract the customers.
Recipe (10 portion) with CCP highlighted
For preparing the fresh meat, it is required to have a raw material and then cut it down
in the pieces in order to generate the best outcome.
Cook the food at 160 degree F and make sure that it is not over or under the
temperature (CCP). Hence, it is analyzed that this if the food is overcooked then it
will lose its actual performance and this in turn create negative impact upon
customers.
After cooked, present the meat in a better manner so that it looks delicious and serve
the same in front of customers that attract them.
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