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HISPANIC MARKET RESEARCH FOR ADVERTISING & MARKETING
Latino Marketing Research - Hispanic Marketing research
 
 

Hispanic population now accounts for 13.7 percent of the total U.S. population – this community's new dynamics hinge on emerging second and third generations, native- and foreign-born differences, and broad geographic growth. In such an evolving environment, corporate strategies targeting increasingly affluent, second-generation Hispanics are emerging as critical to securing growth and remaining competitive.


As this population grows and matures, its structure is changing in almost every way, from educational levels and labor force composition to household characteristics and accumulation of wealth. It is these evolving factors that drive the increasing influence of Hispanics in U.S. consumer markets.

Hispanic Community

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hispanic tv

Why are Hispanic consumers important to your business?

  • By 2010 nearly one person out of every six in the United States will be of Hispanic origin
  • Hispanic purchasing power reached $736 billion in 2005
  • Hispanic purchasing power is projected to reach $1 trillion by 2010 or 9.2 percent of all US buying power
  • The Hispanic population in the United States is expected to have increased by 118.9 percent between 1990 and 2010
Hispanic population projections


Top 10 Hispanic/Latino Markets for 2006

  Place Hispanic/Latino
Population (millions)
Percent of
Area's Population
Primary Country of
Origin by Market
1. Los Angeles 8.4 46.7% Mexico 80%
2. New York 4.3 20.7% Puerto Rico 31%
3. Miami 2.1 48.6% Cuba 46%
4. Chicago 1.9 19.5% Mexico 81%
5. Houston 1.9 33.6% Mexico 81%
6. San Francisco 1.7 23.7% Mexico 76%
7. Dallas/Fort Worth 1.6 24.5% Mexico 88%
8. Phoenix 1.2 26.6% Mexico 93%
9. San Antonio 1.2 53.8% Mexico 91%
10. Rio Grande Valley 1.1 NA Mexico 96%



Hispanic-American Consumers
Accept More E-Mail

More time online and tolerant inboxes.

Tolerance for e-mail marketing varies for different demographic groups, according to new Mintel Comperemedia data cited by MediaPost.

Mintel said that Hispanic consumers accepted 11 such e-mails monthly, versus 7.4 for non-Hispanic consumers—nearly 50% more. "This population is certainly more receptive to marketing and offers," said Carmen Curran, senior e-mail analyst at Mintel Comperemedia.


chart

This does not mean e-mail marketers should start queueing up e-mails for every offer under the sun. Even when a relationship with a company was established, about 15% of Hispanic consumers said they never wanted to get new offer notifications, special rewards and incentive opportunities or newsletters.

Still, that was more tolerant than non-Hispanic consumers. About one-quarter of non-Hispanics said they never wanted to receive such e-mails, even from companies with whom they had a relationship.

chart2

Notably, Hispanic consumers' tolerance for e-mail marketing is not based higher e-mail penetration than other demographic groups. A greater percentage of non-Hispanic whites actually read and write e-mail.

Ms. Curran of Mintel suggested that the tendency to accept more e-mail, or at least not to reject it outright, was related to time spent online.

"Hispanics tend to spend more time online while at home than the general population (9.2 hours per week versus 8.5 hours), so receiving information and offers through e-mail makes sense to them," she said.

chart3

 

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