Advertising
budgets are sometimes the quickest cuts during economic recession, but advertisers can't long ignore the nation’s fastest-growing demographic groups. By
2009, for example, Kellogg had gone from supporting nine of its brands with
Hispanic-targeted advertising to supporting just one. But Kellogg and other companies have quickly
redirected. Kellogg indicated to Wall Street analysts that it has reversed course and is now increasing
its Hispanic-oriented advertising investment, as seen in recent commercials for
Frosted Mini Wheats, Eggo and Fiber One.
Food retailers have also catered to the
country’s demographic shifts, with chains such as
Pathmark and Schnucks redesigning stores, bolstering product lineups, and adding
bilingual staff.
And food manufacturers continue to innovate to attract both
the growing Hispanic population as well as mainstream consumers who have become
more adventurous with the Hispanic cuisine they eat.
New products have been launched by companies such as McCormick (Hispanic rice mixes), PepsiCo (Dole Sensation’s Aguas Frescas line), Campbell Soup (V8 Original with a Hint of Lime) and General Mills (Dulce de Leche Cheerios).
Traditional Hispanic food manufacturers have also expanded their product lines. Companies have hawked Jalapeno and Chipotle flavored baked beans (Goya), taco salad trays (Ole Mexican Foods), fresh tortillas in paper wrapping (Guerrero Tradicionales from Gruma Corp.), and Mini Tacos (for Ruiz’s El Monterey Mexican Snack bag line).
New products have been launched by companies such as McCormick (Hispanic rice mixes), PepsiCo (Dole Sensation’s Aguas Frescas line), Campbell Soup (V8 Original with a Hint of Lime) and General Mills (Dulce de Leche Cheerios).
Traditional Hispanic food manufacturers have also expanded their product lines. Companies have hawked Jalapeno and Chipotle flavored baked beans (Goya), taco salad trays (Ole Mexican Foods), fresh tortillas in paper wrapping (Guerrero Tradicionales from Gruma Corp.), and Mini Tacos (for Ruiz’s El Monterey Mexican Snack bag line).
All this activity has created a dynamic atmosphere for
Hispanic food and beverages and points to healthy, and flavorful, market growth for years
to come.
Tortillas already outsell many
American staples, including as spaghetti/macaroni/pasta, hamburgers and hot dog
buns, all other fresh rolls/buns/croissants, and bagels/bialys. Salsa, for its
part, has almost twice the dollar sales of ketchup and more than twice the sales of
mustard.
The Hispanic food and beverage market--defined in terms of traditionally Mexican or Hispanic-style product categories such tortillas or taco kits or Mexican-style sauces and salsas--is expected to embark on a more aggressive growth pattern over the upcoming five-year period. Packaged Facts projects that sales of Hispanic foods and beverages will approach $10.7 billion in 2017, up 31% from present levels.
For more information about Hispanic Foods and Beverages in the U.S., please visit: http://www.packagedfacts.com/Hispanic-Foods-Beverages-7228662/
Thanks, to sharing the information about U.S food marketers. Each country has it's own food types but every type of food taste is must essential. Because peoples are purchase those food, which taste is better. Also food must be a healthy and flavourful. We are providing some food market reports , that's also beneficial for you.
ReplyDeleteWe need to acknowledge that what really issues isn't purchasing more and more customer products, but members of the family, buddies, and realizing that we are doing some thing beneficial with our lifestyles. Assisting to decrease the terrible repercussions of globe hardship should be part of that reassessment. Consumer Goods
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