Coca-Cola targets Malaysia’s health-conscious drinkers with Sprite NPD
Malaysia is the third major regional market for the product, which Coca-Cola has launched in Thailand and in the Philippines in the last 12 months.
Soft-drinks giant The Coca-Cola Co. has Malaysian demand for healthier options in its sights.
The company’s local subsidiary has added a new product to the range of Sprite drinks on sale in the south-east Asian country that should appeal to consumers looking for lower-sugar and functional beverages.
Sprite Lemon+ is a zero-sugar variant that also contains vitamin B3. Malaysia is the third major regional market for the product, which Coca-Cola has launched in Thailand and in the Philippines in the last 12 months.
Drinks such as Sprite Lemon+ are positioned as guilt-free indulgences that can tap into consumer demand for healthier options than conventional drinks without having to compromise on their craving for CSDs.
As restrictions on mobility after Covid eased, CSD sales in Malaysia grew by 11.1% in value terms in 2022, helped by a 5.7% rise in volumes. The category is forecast to grow by 8.8% in value terms this year.
However, the low-calorie segment is forecast to post a double-digit CAGR in volume terms between 2022 and 2027 in Malaysia, suggesting stronger demand for healthier options.
That trend is, in part, driven by younger, health-conscious consumers in Asia-Pacific markets searching for ‘better-for-you’ options when buying soft drinks.
Related news
Coca-Cola, Grab strengthen partnership to engage hybrid shoppers in SEA
It includes regional campaigns across both online and offline channels.…
Read more >Coca-Cola Launches Initiative To Bolster Retailers In India
Coca-Cola India has announced a new support programme for small…
Read more >Best Global Brands: the most valuable brands in 2024
This autumn global brand consultancy Interbrand unveiled its Best Global…
Read more >Related news
The latest issue of Trade magazine is out now!
This time the digital version has been extended to 192…
Read more >After a subdued year, the holiday season is strong
74% of online shoppers, around 3.1 million people, are preparing…
Read more >Lidl has published its 3rd sustainability report
Lidl Hungary’s sustainability report for the 2022/2023 business years has…
Read more >