IRI Examines New Product Purchasing Habits of U.S. Hispanic Shoppers

07-Jun-2018 - USA

IRI Digs Deeper into New Product Pacesetters and Reveals Most Successful New product launches for Hispanics; Top New Brands Bring Nature, Diversity and Excitement for Hispanic Shoppers.

The Hispanic community is the fastest-growing ethnic group in the nation and spends more than $94.7 billion on CPG products annually. Because Hispanics are one of the most sought-after ethnic groups in the retail grocery market, IRI is diving deeper into last year’s most successful CPG launches to better understand Hispanics and New Product Pacesetters. CPG marketers have a great opportunity to capture more shopping dollars from Hispanic consumers, especially if they understand some key nuances in their attitudes and preferences regarding new products, compared to those of the general consumer population.

“By 2020, Hispanics will account for over half of the population growth in the United States, and their spending power will also increase significantly,” said Susan Viamari, vice president of Thought Leadership for IRI. “Unfortunately, most marketers don’t have easy access to detailed information on what Hispanic shoppers are buying, including in key CPG categories. This significantly limits new growth opportunities for brands, so we examined what Hispanics are buying, and even why they are buying products, to help marketers engage with these very important consumers.”

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While Hispanic buying power is concentrated in select markets, including New Mexico, Texas, California, Florida, Nevada, Colorado, New Jersey, New York and Illinois, their interest in new products is spread across retail departments. Among those consumers who consider themselves avid new product adopters, there is a particular interest in the following departments (English-speaking Hispanics, bilingual Hispanics, Spanish-speaking Hispanics and non-Hispanics):


--	Food:	26%,	29%,	25%,	23%
--	Beverage:	19%,	20%,	13%,	16%
--	Beauty/Personal Care:	19%,	24%,	29%,	12%
--	Home Care:	13%,	20%,	29%,	11%
--	Health Care:	10%,	13%,	20%,	9%
--	Pet Care:	9%,	8%,	9%,	6%

Top-Selling Food and Beverage Launches

Based on the most successful CPG launches in the 2017 New Product Pacesetters report, IRI uncovered the top-selling food and beverage products for Hispanic consumers:


2017 New Product Pacesetters: Hispanic Top 10 Food and Beverage Brands
Dollars per Buyer Index: Hispanic vs. Non-Hispanic Consumers
(Average = 100)
1. Halo Top^®		93
2. Hillshire^® Snacking		117
3. Chobani^® Drinks		102
4. GOOD THiNS^®		111
5. Oscar Mayer^® Natural^™		116
6. Dunkin' Donuts^® Iced Coffee		72
7. Cracker Barrel^® Macaroni & Cheese		143
8. Birds Eye^® Steamfresh^® Veggie Made^™		97
9. SMARTMADE^™ by Smart Ones^®		119
10. POWERADE^® X ION4^®		83

Source: IRI Consumer and Shopper Insights Advantage^™/Hispanic Specialty Panel

The mix of healthy and indulgent products found in the top-10 ranking truly reflects Hispanics’ attitudes toward eating. For instance, 36 percent of Hispanics say they eat healthy half of the time and eat whatever they want the other half. An additional 36 percent of Hispanic consumers say they eat healthy 80 percent of the time and allow for indulgences 20 percent of the time. So, moderation is the key for most Hispanics.

The top healthy eating considerations vary significantly across Hispanic sectors (English-speaking Hispanics, bilingual Hispanics, Spanish-speaking Hispanics and non-Hispanics):


--	Avoiding processed foods:	58%,	54%,	31%,	56%
--	The right mix of different types of food:	44%,	36%,	36%,	42%
--	Natural foods:	30%,	41%,	24%,	23%
--	Organic foods:	20%,	19%,	40%,	15%
--	Include higher-calorie treats in moderation:	10%,	6%,	21%,	11%

“Hispanics are a highly diverse group, based on factors such as age, income, media preferences and language preference — English-preferred, bilingual or Spanish-preferred,” said Staci Covkin, principal of Consumer and Shopper Marketing for IRI. “Attracting Hispanics requires an understanding of these language preferences, along with their digital and social preferences, to quickly see a huge opportunity for CPG across food, beauty, home and health care brands. Aligning a new product launch with the needs of Hispanic shoppers is rapidly becoming a critical success factor for sustained CPG and retail growth, so improved insights and activation of these shoppers can result in significant sales and market share uplift.”

In the box on the right side you will find the complete analysis on Hispanics and New Product Trends.

https://www.yumda.com/en/news/1155575/iri-examines-new-product-purchasing-habits-of-u-s-hispanic-shoppers.html