The past decade has seen a dramatic increase in the number of Hispanic pet owners in the United States. Between 2007 and 2016 the number of Latinos with pets in their homes skyrocketed from 11.4 million to 20.4 million as the pet ownership rate among Hispanics grew from 40% to 55%.
January 3, 2017Marketers and retailers have long recognized the exceptional role Hispanic consumers play in their growth strategies. Sheer numbers are one reason. Yet, Hispanics embody far more than just an extraordinarily fast-growing population segment of the American population. They now represent a market with outsize spending power that will only continue to grow in the future.
November 28, 2016The boom in Hispanic influence extends beyond population growth and rising affluence to also include noticeable gains in the popularity of Hispanic cuisine. Today, National Taco Day, corresponds with the recent release of a new Packaged Facts report packed with essential insights and trends related to Hispanic foods and beverages--including tacos!
October 4, 2016This blog is based on the Packaged Facts reports Dairy and Dairy Alternative Beverage Trends in the U.S., 3rd Edition and Hispanic Food Shoppers in the U.S. Purchase your copies for more insights. Over the last couple of years the big story in the dairy milk vs. plant milk competition is the extraordinary growth of almond milk. Dollar, volume, and unit sales of almond milk have all increased at double-digit rates the expense of dairy milk as well as by taking sales away from soy milk, which no...
June 23, 2015