Coca-Cola Spiced is getting canceled after 7 months on the market
Or it may have gone to market too quickly. Coca-Cola’s North American marketing chief Shakir Moin told The Associated Press in February that Coca-Cola Spiced was developed in just seven weeks. It usually takes a year for Coke to come up with a new beverage.
“Consumers are moving faster. The market is moving forward faster. We’ve got to be faster than the speed of the market,” Moin said.
Coke has been exploring ways to get younger drinkers excited about its signature cola. In 2022, it launched Coca-Cola Creations, a series of eight limited-edition Coke flavors in colorful cans and bottles. Hints of coconut, strawberry, watermelon and other flavors were added to the drinks.
Last month, it launched a limited-edition Oreo-flavored Coke with special black-and-white packaging.
Atlanta-based Coke is also leaning more heavily into alcoholic drinks. The company’s first U.S. alcoholic beverage, Topo Chico Hard Seltzer, came out in 2021. Earlier this month, Coke and Bacardi Limited announced an agreement to bring a premixed rum-and-Coke cocktail to Europe and Mexico next year.