Red velvet donuts have a unique and delightful taste that differentiates them from other donut varieties. They offer a balance of sweet and tart flavors, with a hint of chocolate from the cocoa powder. Despite their vibrant red color, they don't have a strong 'red' taste, as the food coloring is mainly for aesthetics. These donuts are indulgent with their moist, dense texture and slightly buttery flavor. The result is a complex and perfectly harmonious flavor profile when paired with a tangy cream cheese glaze.