What are the important points while developing a new product, especially a food rawmaterial?

 important points while developing a new product are KnowledgePlanning of Cost of installation of machinery equipments, man hours and other prime deductions.

There are seven major stages for new product development:

1. Idea
2. Preliminary assessment  
3. Concept
4. Development
5. Testing
6. Trail
7. Launch

for food products

 Raw materials (ingredients, processing aids, and packaging materials) are the foundation of finished food products. As such, they must meet regulatory requirements (safe and legal for your intended use)

most imporatent points are quality, normal reaction of raw material with time, verity, cost of instillation, revenue and consumption of the product

The most important points while developing a new product are:-

1. Knowledge of the demand among the customers

2. Sales forecast of the related or similar products.

3. Supply of the raw materials (if any) to produce new product. Knowledge of its cost and availability.

4. Planning of Cost of installation of machinery equipments, man hours and other prime deductions.

5. Analyzing the other risks involved in gaining profit.

I am not gonna go into the process im sure u hav done it many time all i would say its a value game the important bit is what value u r offering before market test make sure ur VALUE must be bigger or equal to the VALUE ur getting in exchange