What's trending, specifically? The flavor currently leading in cereal products (breakfast cereals and cereal & energy bars) is milk chocolate, but other flavors are on the rise. Innova reported in a press release that, over 2016-2020:
- Cake, cookie, and pie flavors increased by a 9% CAGR.
- Brown flavors including chocolate, caramel, and peanut butter increased 6%.
- Cookie flavors increased by 30%.
- Brownie flavor increased by 26%.
By pulling out trends in bakery, Innova suggests, companies can generate flavor and inclusion ideas that can be applied locally or to global concepts. Another opportunity: premiumization through special and indulgent-sounding flavors and tastes.