US Hispanic Marketing Trends 2015

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May 2015 US Hispanic Marketing Trends - 2015

Transcript of US Hispanic Marketing Trends 2015

Page 1: US Hispanic Marketing Trends 2015

May 2015

US Hispanic Marketing Trends - 2015

Page 2: US Hispanic Marketing Trends 2015

For more details, contact us at [email protected]

US Hispanic Demographic segment is fast growing and

considered one of the most sought after markets

55.41 million US Hispanics – Dec 2014

17.4% Of Total US Population

$1.3 trillion Purchasing power

39.2 million(78%) Hispanics Online

70% Of Hispanics are under the age of 40

Source:- Google/OTX Google/OTX US Hispanics, US Census Bureau 2014

The Hispanic American consumer marketplace is growing in

numbers, regions, and influence

Page 3: US Hispanic Marketing Trends 2015

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Hispanics are internet power-users

% of online time spent on devices

Hispanics own and use smartphones and tablets more

than other Americans

Non -Hispanics spend

21 hours monthly online

Hispanics spend 31

hours monthly online

47% more time

Source: SM Group

Page 4: US Hispanic Marketing Trends 2015

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The growing Hispanic middle class is super connected

88% of U.S. Hispanics with a HHI of $50k+ are online

41MM U.S. Hispanics have a Mobile phone (77% of the Population!)

64% -- By Age 15 Own a Mobile Phone

78% -- By age 17 Own a mobile a phone

U.S. Hispanics spend 42% more on mobile devices & 35% more on

data services than the general market

Source: Alance Media

Tech, Financial Services & Travel Advertisers should continue to invest

in reaching US Hispanic audiences in media

Page 5: US Hispanic Marketing Trends 2015

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Hispanics are frequent online shoppers

Nearly 6X More hours spent per month

shopping online

6.4 hours monthly for Hispanics

vs. 1.1 hours for non-Hispanics

Affinity for Shopping Top 5 online activities by Time Spent

Ranking Hispanic Non Hispanic

1 Shopping Web Portals and Search

2 Web Portals and Search News and Media

3 Services Career and Education

4 News and Media Services

5 Financial Services Health

Shopping - top-ranked category of online activity for Hispanics.

21% of online time spent on shopping related websites.

Inform offline purchase decisions - 73% of Hispanics

research purchases online before offline, compared to 63% of non-

Hispanics.

Source: SM Group

Page 6: US Hispanic Marketing Trends 2015

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More Hispanics research products online as compared

to Non-Hispanics

Source: Terra’s Research

Research cars/other vehicles online Research grocery / other food

products online

Hispanics

Non -

Hispanics

23%

16%

33%

20%

Page 7: US Hispanic Marketing Trends 2015

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US Hispanic Audience Shops Via Smartphones

US Hispanics spend more time in online stores, via their mobile devices,

than the general population and have over-‐indexed:

Macys.com Index of 245 (Non Hispanics Index 100)

Sears.com Index of 187

Gamestop.com Index of 159

Walmart.com Index of153

OldNavy.com Index of 140

Source: Alance Media

Page 8: US Hispanic Marketing Trends 2015

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Higher rates among Hispanics extend to all favorability

metrics across all three devices

Hispanics vs. Non-Hispanics; % often find advertisements favorable

Source: SM Group

Page 9: US Hispanic Marketing Trends 2015

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Hispanics also are highly likely to be persuaded to

purchase compared with non-Hispanics

% Likely to be persuaded to purchase after viewing

Hispanics are far more likely to be persuaded by videos, mobile apps

and sites to purchase than non-Hispanics

Source: SM Group

Page 10: US Hispanic Marketing Trends 2015

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Hispanics are more favorable towards and influenced by

advertising across all channels and devices

Influenced by Advertising

% found web ads useful % found smartphone ads useful

Hispanics

Non -

Hispanics

36%

17%

33%

20%

Source: SM Group

Page 11: US Hispanic Marketing Trends 2015

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Hispanics are more influenced by family and friends in

purchasing

% reported influenced to purchase by person(s)

Hispanics are not only more open to advertising than non-Hispanics,

they are also more receptive to feedback from friends and family when

making purchases

Hispanics lean on their spouses

when making a purchase at a

higher rate than non-Hispanics

Also, 50% reported being

influenced by their children, a

74% increase over the 28% of

Non-Hispanics

Source: SM Group

Page 12: US Hispanic Marketing Trends 2015

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