Market Trends: Hispanic-Americans and Food

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Published Jun 1, 2003 | 75 Pages | Pub ID: LA867128

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Market Trends: Hispanic Americans and Food
Bigger families. More money spent, on average, on food shopping. A higher propensity for buying fresh meats, produce and dairy products. Greater emphasis on “cooking from scratch.” All these factors - plus an estimated collective budget of $55 billion for food spending - make Hispanic-American families a highly sought-after audience for food and beverage marketers and retailers. Many large, mainstream companies (such as Kraft, PepsiCo. and Sara Lee) have made concerted efforts to attract Hispanic consumers through Latino-influenced product offerings, bilingual packaging and targeted promotional efforts. Retailers, too, have gotten in on the act, dedicating more and more shelf and aisle space to authentic and inspired foods and beverages.

Market Trends: Hispanic Americans and Food, a new report from Packaged Facts, offers marketers and retailers alike an in-depth look at the eating and shopping habits and patterns among Hispanic Americans. It discusses new products and product strategies by “authentic” and “mainstream” marketers, examines population and immigration trends among Hispanic Americans and how they influence food consumption, delves into the attitudes and perceptions Hispanics have regarding food purchases and preparation, and addresses marketing strategies that food marketers and retailers have adopted to attract Hispanics, who are now the largest minority group in the country .

Introducing Market Trends
Market Trends is the latest product line from Packaged Facts. These timely, compact reports offer insight and analysis into new product trends, demographic shifts, and consumer behaviors that affect the food, beverage and consumer goods industries.

Report Methodology
The information in Market Trends: Hispanic Americans and Food is based on both primary and secondary research. Primary research involved on-site examination of the retail milieu, interviews with marketing, public relations and industry analysts within the food and beverage market and consultants to the industry. Secondary research entailed data-gathering from relevant trade, business, and government sources, including company literature. Packaged Facts has derived mass merchandiser sales figures from Information Resources, Inc. (IRI) InfoScan sales-tracking data. The analysis of consumer demographics derives from Simmons Market Research Bureau survey data for fall 2002. New product information is gathered via literature research, personal interviews and data compiled by ProductScan, a service of Marketing Intelligence Service Ltd.

What You’ll Get in this Report
Market Trends: Hispanic Americans and Food offers unique perspective on the lucrative market for foods and beverages that appeal to Hispanic Americans. No other market research report provides the data, analysis and trends coverage that Market Trends: Hispanic Americans and Food offers. The report addresses the following segments:

  • Hispanic Population Trends - including immigration patterns, geographical concentrations and insights into country of origin affects taste and food preferences.
  • Hispanic Food Shopping Patterns - including data on food category spending and shopping profiles.
  • Hispanic Eating Patterns - including foods and flavors favored, attitudes about packaged and frozen foods and the impact of acculturation.
  • Food Marketing Strategies - what mainstream and niche food marketing companies are doing to develop and reposition products that have appeal to Hispanic consumers.
  • Food Retailing Strategies - what supermarkets and specialty retailers are doing to lure and keep Hispanic shoppers in their stores.
  • Trends and Opportunities

Plus, you’ll benefit from extensive data, presented in easy-to-read and practical charts, tables and graphs.

Scroll down to see a more detailed outline of the contents of this report.

How You Will Benefit from this Report
If your company is already targeting Hispanic consumers or is considering making the leap into the business, you will find this report invaluable, as it provides a comprehensive package of information and insight not offered in any other single source. You will gain a thorough understanding of the factors that influence food and beverage purchasing decisions among Hispanic Americans,

This report will help:

  • Marketing Managers identify market opportunities and develop targeted promotion plans for foods and beverages of appeal to Hispanic Americans
  • Research and development professionals stay on top of competitor initiatives and explore demand for foods and beverages for this demographic group.
  • Advertising agencies working with clients in food and beverage industries to help understand the product buyer to develop messages and images that compel Hispanic consumers to purchase these products.
  • Business development executives understand the dynamics of the market and identify possible partnerships.
  • Information and research center librarians provide market researchers, brand and product managers and other colleagues with the vital information they need to do their jobs more effectively.
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