CompaniesandMarkets.com has released its 2010 Hispanic Food and Beverages in the U.S.: Market and Consumer Trends in Latino Cuisine, 4th Edition.
The report details how the expanding appetite for Hispanic food and drink among non-Hispanic Americans combined with the rapid increase in the Hispanic population is driving sales of Mainstream Mexican products along with Authentic Hispanic and Nuevo Latino foods. Expanding distribution channels, the rise of the “foodie” and other key trends affecting the marketplace are described along with the changing demographics and other factors driving growth. In addition, the report profiles major marketers, both in the manufacturing and foodservice arenas.
With Hispanic foods and beverages achieving such prominence, its no wonder that sales were close to $7 billion in 2009, according to the recent report “Hispanic Food and Beverages in the U.S.: Market and Consumer Trends in Latino Cuisine, 4th Edition.” This represented an increase of 28.7% from $5.4 billion in 2005. In addition, we predict continued aggressive growth through 2014, with sales projected to top $9.5 billion in 2014.
The report can be accessed at www.companiesandmarkets.com.