Classic flavours dominate new product launches in packaged foods | Asian Business Review
, APAC
203 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 Asian Business Review 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!

Top News

10 capabilities driving delivery predictability according to McKinsey
Agile funding, product management, and iterative controls are top capabilities driving effectiveness.
Global coal demand to plateau through 2027
Consumption is projected to level off in major market China.
Low carbon energy amongst trends to watch in 2025
Battery and solar markets are projected to remain oversupplied.

Exclusives

Hyper-personalised shopping rules in Southeast Asia
Data and analytics allow brands to optimise customer experience both online and in-store.
Citibank expects increased funding for Indonesia’s infra, energy sectors
President Prabowo’s infrastructure projects present opportunities for investors and banks.
Trump 2.0 could thump India's solar ambition
Its solar companies may need to set up manufacturing plants in the US to bypass tariffs.