I can’t stand the reformulated sweetened drinks. The flavour profile and aftertaste is completely different. I wasn’t a huge consumer of soft drinks to start with, but now I consume absolutely zero.
They brought out "half-sugar" sodas about 20 years ago (Coke C2), but they hit the market with a thud. I suspect that the recent "Zero Sugar" brands are intended to fill the same spot. Notice how the branding is much closer to the sugared brand than the diet brands, and TBF, they're a lot more comparable taste-wise to the sugared versions than Tab or Diet Coke ever were.
There's little case for introducing these products if it's primarily going to cannibalize their existing brands and consume already limited shelf space, unless there's some long-term appeal in it. But if there's a sugar tax, or some dramatic economic fallout that makes sugar ahistorically expensive, watch as the default position on the vending machine suddenly switches to suddenly Coke Zero.
In 2018, the British government introduced a tax on soft drinks with a sugar content of more than 50g per litre. The tax isn't particularly onerous, at 18p or 24p (22¢ or 29¢) per litre depending on the sugar content. The industry response was immediate - the majority of drinks were reformulated to reduce their sugar content to below the threshold, which is precisely what the government intended. Although initially controversial, the levy is now regarded as a clear victory for public health, with no significant economic impact on industry.
Even if the purchasing habits of consumers are price-inelastic, the decisions of manufacturers most certainly aren't.
https://www.instituteforgovernment.org.uk/explainer/sugar-ta...