Hispanic Foods Outselling American Staples
As Latino culture impacts U.S. cuisine, grocery stores are seeing increased sales onHispanic foods and beverages, according to a new report from Packaged Facts. The market for Latino foods reached almost $8.2 billion in 2012, up 3 percent from the previous year and an 8 percent gain versus the $7.5 billion total in 2009. Additionally, sales of Hispanic foods and beverages are expected to reach $10.7 billion in 2017, a 31 percent increase from the current level. Tortillas are outselling products including pasta, hamburgers and hot dog buns while salsa has nearly twice the sales of ketchup and more than twice the sales of mustard.