Hispanics are at the forefront of the evolving American demographic, representing nearly a fifth of the U.S. population and wielding an estimated $3.2 trillion in buying power1 that continues to grow. As the primary drivers of U.S. population growth since 2010, Hispanics, the majority of which are U.S.-born, are showcasing significant cultural and economic influence.
Fresh bakery desserts play a huge role in Hispanic households – enjoyed at the center of every celebration, as well as everyday conversation, and as after-dinner delights. From decorated cakes and ice cream cakes to cheesecakes and elevated desserts, Hispanic families purchase more than their fair share of desserts from in-store bakeries – totaling 20% of all ISB purchases.3 Staying in tune with the needs of Hispanic shoppers is vital to maximizing growth opportunities.
The dynamic of the Hispanic American consumer is deeply bicultural and spans across generations, seamlessly navigating between their heritage and American culture. This fluid identity is especially pronounced in food consumption behaviors, where a majority of Hispanics say their cultural heritage influences their purchasing decisions.
Hispanic flavors, loved by many, invite everyone to the table. In fact, Caucasians and Hispanics make up roughly equal households purchasing Tres Leches Cakes, and that number skews more toward Caucasians when looking at smaller-sized cakes.2
Rich’s portfolio of Hispanic desserts and baked goods translates culture to cuisine. Delicious no matter where your taste buds come from, our solutions offer scratch-made authenticity, born from Hispanic traditions and infused with satisfaction that unites. We’re here to help ISBs capture the critical opportunities Hispanic shoppers represent while easing your time and labor challenges with fully finished and speed-scratch solutions.
1Pew Census Reporter, 2023 2Kantar Monitor Data 2023 385.41 Straturn Data ‘Bakery Products Purchased All HHs vs Hispanic,’ Latest 52 weeks ending 3-30-2024. 4NIG Latest 52 Weeks Ending 6/17/23 5 Datassential Desserts Keynote, 2023 6 Nation’s Restaurant News, 2022 7Datassentials World Bites Blobal Desserts 2023 8 Collage Group, Holidays & Occasions Survey, Fielded March 2023