Tuesday, May 31, 2011

Kraft Targeting Hispanic Market with Kool-Aid

This year, Kraft says it will triple spending on the Hispanic market. For the first time, Kraft will allocate a majority of its 2011 marketing budget to reach Hispanics in an effort to grow its Kool-Aid brand.

Almost 20 percent of Kool-Aid drinkers are Hispanic, while slightly more than 20 percent are African-American, according to the brand. Sales are split about evenly between powdered mixes and ready-to-drink versions.

The Kool-Aid campaign looks to help drive home the message that a fresh approach is needed to reach the powerful Hispanic market.