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BtoB

ANA releases multicultural marketing survey

Published on .

San Francisco--Seventy-two percent of companies market to multicultural audiences, according to a new study released by the Association of National Advertisers.

The study, which was released at the ANA's Multicultural Marketing Conference this week, found that on average, marketers spend $4 million on multicultural advertising, which is 8% of their total ad budget.

More than half (54%) of respondents expected future increases in their multicultural advertising budgets. One-quarter (26%) expected them to remain the same, and only 6% anticipated reductions.

The predominant segments targeted included Hispanic (70%), African American (59%) and Asian American (27%).

To handle their multicultural marketing needs, 76% of respondents use boutique agencies. Forty-six percent of respondents said mainstream agencies were not capable of creating effective multicultural advertising.

The survey was based on responses from 100 ANA members.

--Kate Maddox

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