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MM8 ASSIGNMENT 1 SEMESTER 1 2025

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MM8 ASSIGNMENT 1 SEMESTER 1 2025











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Uploaded on
March 27, 2025
Number of pages
19
Written in
2024/2025
Type
Essay
Professor(s)
Unknown
Grade
A+

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Educating the world for a better change

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THIS DOCUMENT IN WRITING THEIR ASSIGNMENTS




Educating the world for a better change

, Start here

Question 1 (25 Marks)

Discuss the impact of evolving consumer preferences on Coca-Cola's decision to
introduce Coca-Cola Spiced. In your answer, analyse how trends such as increasing
demand for spicier snacks and beverages influence product development and
marketing strategies. Use relevant marketing theories and examples to support your
analysis.

Introduction

Consumer preferences are constantly evolving with the coming into play of changes
in culture, health-conscious activities, and flavour experimentation (Kotler & Keller,
2016). There has been a significant uptrend in demand for spicier and bolder flavours
for snacks and beverages in the last few years, which can be seen in products such
as Flamin' Hot Cheetos and Sweet Heat Starburst. In recognition of this trend, Coca-
Cola launched Coca-Cola Spiced, its first permanent new flavour in North America in
three years. This essay investigates how changing consumer preferences have
influenced Coca-Cola's product development and marketing strategies. Among others,
it discusses the upsurge in demand for spicier flavours, the prevailing status of market
research, and Coca-Cola's shift toward the young segment. The application of relevant
marketing theories, such as consumer behaviour, product innovation, and sensory
marketing, will then help succinctly explain the strategic actions undertaken by the
company concerned.

i. The Rise of Spicy and Bold Flavors in Consumer Preferences

Changing Taste Palates and Market Trends

The case study highlights that consumers’ taste preferences have evolved, with an
increasing demand for spicier, bolder, and more complex flavours. This shift is
evident in the success of snacks like Flamin’ Hot Cheetos and Sweet Heat
Starburst, which combine sweetness with heat.




Educating the world for a better change

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