“marketing to muslims food, fashion and faith” as featured in the economist summarized by kylie...

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“Marketing to Muslims Food, Fashion and Faith” As featured in The Economist Summarized by Kylie Millender and Ryan Ashbaugh

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Page 1: “Marketing to Muslims Food, Fashion and Faith” As featured in The Economist Summarized by Kylie Millender and Ryan Ashbaugh

“Marketing to Muslims Food, Fashion and Faith”

As featured in The Economist

Summarized by Kylie Millender and Ryan Ashbaugh

Page 2: “Marketing to Muslims Food, Fashion and Faith” As featured in The Economist Summarized by Kylie Millender and Ryan Ashbaugh

Western Perceptions

• Tend to tiptoe around Muslims as a distinct market segment

• Why? Fits nicely with Christianity and Judaism

• Cultural divide just seems to be too wide

Page 3: “Marketing to Muslims Food, Fashion and Faith” As featured in The Economist Summarized by Kylie Millender and Ryan Ashbaugh

Facts

• America’s Muslim population (6 million) are richer and better educated

• 2/3s of Muslim households make over $50,000 while 1/4 earn over $100,000

• 2/3s have a degree compared to less than half the general population

• Muslim families tend to have more children

Page 4: “Marketing to Muslims Food, Fashion and Faith” As featured in The Economist Summarized by Kylie Millender and Ryan Ashbaugh

Needs

• Food, finance and packaged goods are most affected by Islamic law

• Halal market is worth $580b annually

• 16% of U.S. kosher industry comes from halal options

Page 5: “Marketing to Muslims Food, Fashion and Faith” As featured in The Economist Summarized by Kylie Millender and Ryan Ashbaugh

Reaching Out

McDonald’s serves halal McNuggs, but advertising is restricted to the store

Coca-Cola runs ads focused on charity during Ramadan

Page 6: “Marketing to Muslims Food, Fashion and Faith” As featured in The Economist Summarized by Kylie Millender and Ryan Ashbaugh

Recently

Florida-based, family values organization called for advertising to be pulled from TLC’s All American Muslim

Firms included were: Lowe’s, Bank of America, Cambell’s, Dell, GM, McDonalds, Sears, and Wal-Mart

Page 7: “Marketing to Muslims Food, Fashion and Faith” As featured in The Economist Summarized by Kylie Millender and Ryan Ashbaugh

Your Perceptions as a Marketer

• More than a decade after 9/11 this segment is still treated differently than Hispanics, African Americans or Asians

• What would you do?