Hispanic consumers are shaping the future of CPG! Circana's report, "Hispanics’ CPG Shopping Trends", reveals what’s fueling this momentum, from unique shopping habits to holiday activations. Discover their shopping preferences, the rise of Hispanic-inspired flavors like limón and churro in mainstream aisles, and strategies for engaging these consumers with the right assortments. Learn how to activate this growing demographic: https://bit.ly/4htzB9J
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Hispanic consumers are shaping the future of CPG! Circana's report, "Hispanics’ CPG Shopping Trends", reveals what’s fueling this momentum, from unique shopping habits to holiday activations. Discover their shopping preferences, the rise of Hispanic-inspired flavors like limón and churro in mainstream aisles, and strategies for engaging these consumers with the right assortments. Learn how to activate this growing demographic: https://bit.ly/4htzB9J
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Hispanic consumers are shaping the future of CPG! Circana's report, "Hispanics’ CPG Shopping Trends", reveals what’s fueling this momentum, from unique shopping habits to holiday activations. Discover their shopping preferences, the rise of Hispanic-inspired flavors like limón and churro in mainstream aisles, and strategies for engaging these consumers with the right assortments. Learn how to activate this growing demographic: https://bit.ly/4htzB9J
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Hispanic consumers are shaping the future of CPG! Circana's report, "Hispanics’ CPG Shopping Trends", reveals what’s fueling this momentum, from unique shopping habits to holiday activations. Discover their shopping preferences, the rise of Hispanic-inspired flavors like limón and churro in mainstream aisles, and strategies for engaging these consumers with the right assortments. Learn how to activate this growing demographic: https://bit.ly/4htzB9J
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It’s fascinating to see how consumer behavior is continuously evolving, especially when it comes to grocery shopping. Private brands, which were traditionally seen as the “budget-friendly” option, have undergone a remarkable transformation. Today, these labels are no longer just about lower prices—they’re about quality, taste, and exclusivity. Major retailers like Walmart, Kroger, and Target are all stepping up their game by enhancing their store brands to compete with, and even surpass, national brands in some categories. 💡Whoever what’s interesting is the growing appeal of these brands to younger demographics like Gen Z and Millennials, who prioritize experience over brand allegiance. It’s not just a trend driven by inflation anymore; it’s a shift in preference! As private labels carve out their own niche, it’s clear that the competition between them and national brands will only get fiercer. With innovations like new product lines, better packaging, and unique offerings, these private labels are becoming more than just an alternative—they’re turning into the preferred choice for many shoppers. So, what do you think? Are private brands here to stay as a major player, or will they recede once inflation stabilizes? Let’s discuss in the comments! #customer #grocery #shopping #business #growth
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14% of U.S. households are Hispanic households, and these consumers are more likely to shop in-store than online. Highlights: Hispanic households tend to be multigenerational and larger than the national average. Hispanic consumers favor local Hispanic or family-owned retailers but will shop mainstream retailers with the right assortments. Traditional flavors like limón, churro, and horchata, and brands like Fabuloso, Modelo, and LaLa, are gaining mainstream appeal across food and beverage. Using country-of-origin and descriptive menus, restaurants have unique opportunities to target specific groups. Retailers should align Hispanic social and digital media messaging with preferred apps, such as WhatsApp, TikTok, and Snapchat.
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Hispanic consumers are shaping the future of CPG! Our latest report reveals what’s fueling this momentum, from unique shopping habits to holiday activations. Discover: 🏠 The shopping needs of larger, multigenerational Hispanic households 🍋 The rise of Hispanic-inspired flavors like limón and churro in mainstream aisles 🛒 Strategies for engaging these consumers with the right assortments Learn how to activate this growing demographic: https://bit.ly/4htzB9J #CPG #CPGTrends #ConsumerInsights
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Doing some prep work for an upcoming interview and came across these intriguing 2024 McKinsey & Company consumer trends. 📊 - Middle-income consumers seem less inclined to delay purchases during economically tough times compared to wealthier consumers. 💸 - Seniors are diving into experiential categories like travel, with higher intent to splurge than even millennials. 🌍 - Loyalty is the key risk for CPG post-pandemic, with around half of consumers switching brands due to supply chain disruptions. 🛒 What shifts are you noticing in your business, and how are you optimizing your brand strategy in light of these insights? 🤔 #shopperinsights #data #markettrends #cpg #retail https://lnkd.in/eGcrM85m
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10 years from now, consumers are expected to be more diverse and economically disparate than today's population leaving brands and retailers with many open-ended questions. Yet, by leveraging current grocery insights and purchase signals, which offer a peek into future consumer preferences, you can be well-prepared to sustain growth. Learn how different age groups are shopping today to better curate their experiences of tomorrow, by downloading this infostory: http://bit.ly/3WW0R99 #8451Proud #ConsumerBehavior #ShopperInsights #GroceryTrends #PurchaseSignals
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🛒 Curious about the latest trends in Hispanic shopping habits? Since Q1 2021, the Grocery Department has seen a remarkable 30% surge in sales from Hispanic consumers! 📈 Discover the insights and dynamics shaping this market with our latest snapshot. Download below! #HispanicConsumerInsights #RetailTrends #GroceryIndustry
Hispanic Shopping Dynamics in the Grocery Department
nielseniq.com
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Part 3: Consumer Behavior and Preferences Consumer behavior and preferences play a crucial role in the evolution of the retail landscape. Recent surveys have shed light on the increasing popularity of private label brands among shoppers, with approximately 36% actively seeking out these products. This shift in consumer behavior can be attributed to several factors that influence preferences for private labels over national brands. One key factor driving the preference for private label brands is the perceived value for money. Private label products are often priced lower than their national brand counterparts, making them an attractive option for budget-conscious consumers. Additionally, private label brands are increasingly focusing on product quality and innovation, challenging the traditional perception that national brands offer superior quality. Another factor influencing consumer preferences for private labels is the growing demand for unique and exclusive products. Private label brands have the flexibility to cater to niche markets and offer a wider range of product options, appealing to consumers looking for something different from the mainstream offerings of national brands. Demographic analysis of private label shoppers has revealed interesting insights into the profile of this consumer segment. Millennials and Gen Z consumers are more likely to purchase private label brands, as they prioritize value and authenticity in their purchasing decisions. Additionally, middle to upper-income households are increasingly turning to private label brands as a way to save money without compromising on quality. In conclusion, consumer behavior and preferences are constantly evolving, shaping the retail landscape in new and exciting ways. The rise of private label brands highlights the growing importance of value, uniqueness, and quality in consumer purchasing decisions. As retailers continue to adapt to changing consumer preferences, understanding the factors driving these preferences will be crucial for staying ahead in the competitive market. 🛒📊 #ConsumerBehavior #PrivateLabel #RetailTrends #DemographicAnalysis
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