New Products, Already
Forget 2009. Really. I know it’s February, but the bad news — in the form of studies, annual reports and the like — just keep rolling in.
Case in point: The international product intelligence firm, Mintel, found that last year was dismal for new product introductions in the United States, down 30% from 2008.
“In the last decade, [Mintel] has only tracked occasional, small declines in new product introductions for the U.S. market, never a decline as strong as this,” notes Lynn Dornblaser, the firm’s leading new product expert.
The stats were just as grim in health and wellness. Natural and organic products, which saw large increases in 2008, took a few steps back in 2009 due to their higher price points. Food and drink introductions with an all-natural claim decreased from 15% of all launches in 2008 to 13% in 2009. Organic claims showed a similar decline of 12% to 10% in the same timeframe, according to Mintel.
Well, folks, I am happy to say that 2010 (and this is the part I want to write about) is already shaping up to be interesting, with large and small companies introducing new products or services in the wellness channel. If the first weeks of this year are any indication, I think we’re in pretty good shape.
FOOD: Snyder’s of Hanover, the snack food company, has introduced a line of whole grain, gluten-free, fiber-rich all-natural snacks that also promote the company’s contributions to The Nature Conservancy. There are seven products in the line, called Eatsmart. The products are also available in 100-calorie packs. more…






