, APAC
197 views
Photo by Polina Tankilevitch via Pexels

Classic flavours dominate new product launches in packaged foods

Chocolate leads in staying power.

Nearly three in five businesses are focusing on expanding through their existing product lines, according to Euromonitor International’s Voice of the Industry Survey 2023.

Despite a wave of new flavour innovations, classic tastes like chocolate, vanilla, and strawberry remain top choices in packaged foods.

“Amidst an ever-growing array of flavour experiments driven by R&D, aimed at capturing the attention of increasingly distracted and busy consumers, certain classic flavours consistently stand out,” the report noted.

Based on Euromonitor’s AI-led Innovation dataset, these flavors were featured in 33% of new product launches from January 2022 to May 2024.

Chocolate stands out with over 71% of its new introductions still available for purchase online as of May 2024, surpassing vanilla and strawberry.

The enduring popularity of chocolate can be attributed to its broad appeal and perceived health benefits, supported by cocoa's flavonoids and flavanols.

Whilst chocolate dominates overall, flavors like strawberry and vanilla excel in specific segments such as snack bars. 

Moreover, the dataset emphasises the importance of sub-category analysis in understanding flavor performance. Whilst chocolate excels across packaged foods, strawberry and vanilla exhibit stronger staying power within specific segments like snack bars.

Follow the link for more news on

Join Retail Asia community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Exclusives

Hong Kong’s K11 MUSEA bridges art, culture, and retail
Visitors find top-tier brands and museum-grade art pieces at the cultural-retail landmark.
Meta is investing big in business messaging
Companies can boost sales by reaching more customers on Messenger, Instagram and WhatsApp.
MINISO opens biggest global store in Jakarta
The Chinese retailer aims to hit 1,000 stores in the next five years from about 300 now.