Brands are partnering with Hispanic celebrities to appeal to consumers
Trend - Companies in the United States are collaborating with Hispanic creators to better appeal to the large Hispanic communities in the U.S.A. These collaborations showcase catered culture-inspired products, such as drinks, dishes, or skincare, designed for Hispanic consumers.
Insight - Companies in the U.S.A are tasked with marketing to a diverse population of cultural backgrounds. Given that representation is a large contributing factor to consumers' purchasing decisions, many consumers opt for products from brands that stem from, or show respect to, consumers' diverse cultural backgrounds. Businesses are identifying this pressure, and are responding by launching curated campaigns and collaborations that identify with consumers with these cultural backgrounds.
Insight - Companies in the U.S.A are tasked with marketing to a diverse population of cultural backgrounds. Given that representation is a large contributing factor to consumers' purchasing decisions, many consumers opt for products from brands that stem from, or show respect to, consumers' diverse cultural backgrounds. Businesses are identifying this pressure, and are responding by launching curated campaigns and collaborations that identify with consumers with these cultural backgrounds.
Workshop Question - How could your brand better identify with consumers in its market via collaboration and influencer marketing?
Trend Themes
1. Hispanic Collaboration - Companies in the U.S.A are launching curated campaigns and collaborations to identify with consumers' diverse cultural backgrounds.
2. Hispanic Canned Cocktails - VMC's tequila-based canned cocktails fill a market gap for authentic, full-flavor Mexican offerings that are ready to consume.
3. Mexican Culture Kitchenwares - The JCPenney Mesa Mia collection offers affordable, Mexican-inspired kitchenwares for creating authentic cuisine at home.
Industry Implications
1. Beverage - In the beverage industry, brands can explore collaborations with Hispanic creators to develop culturally-inspired products that resonate with diverse consumer groups.
2. Alcohol - The alcohol industry can tap into the demand for ready-to-drink tequila-based canned cocktails that provide authentic Mexican flavors in a convenient format.
3. Retail - The retail industry can leverage partnerships with influential figures to create exclusive product lines that celebrate cultural heritage and provide affordable solutions for consumers.
