Hispanic consumers drive the US population and economic growth. Brands must go beyond marketing strategies to capture the hearts of Hispanic consumers by designing product and service offerings with their needs and wants in mind.
The Hispanic consumer segment in the US is growing, engaged, passionate, curious, and trusting. Winning this vast market requires brands to think first about what Hispanic consumers want in product design and offerings before they can be engaged through marketing.
Key Question:How can brands broaden their reach with Hispanic consumers?
KEY STAT: Hispanic consumers command an expanding share of US buying power. Their spending growth is projected to outpace other groups by nearly 10 percentage points by 2025.
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Table of Contents
Executive Summary
Hispanic Consumers Drive US Population and Spending Growth
Multiculturalism Should Not Be an Afterthought for Marketing
Engaging With Hispanic Consumers Requires Both Short- and Long-Term Strategies
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