African
American Market
African
Americans have been in the U.S. for over 500 years and have developed
a strong, unique cultural identity in American society. This segment
has been increasingly on the leading edge for shaping major cultural
trends in the U.S. mainstream marketplace.
African
Americans comprise more
than 13 percent of the total U.S. population--or, approximately
38.7 million people.
African American consumers possess the largest
aggregate purchasing power among all ethnic groups at $761 billion
per annum in 2005.
There are distinct generational differences between
older African American consumers who came of age during the civil-rights
era and today’s younger hip-hop influenced trendsetters.
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