Published Date: November 2024
Ethnic Food Market accounted for US$ 42.9 billion in 2022 and is estimated to be worth US$ 106.5 billion by 2032 and is anticipated to register a CAGR of 9.0 %.
Foods originating from different cultures and heritage are considered ethnic food. Ethnic food are blended with local ingredients of plants and animal sources which are nutritional and improve health. Hindu food from India, Masai food from Kenya, Mexican food from Mexico, and Maori Food from New Zealand are some examples of Ethnic foods.
People are eager to introduce their traditional and ethnic food to other countries people across the world thus, travel and tourism and import and export of food trade have made it possible to experience different regional food, which in turn has driven the Ethnic Food market growth. Further, innovation in ingredients and spices and new product launch is expected to boost the demand for Ethnic Food market growth.
Key Highlights:
- In September 2019, (India) in Assam’s Haflong “Ethnic Food Street” was launched to attract tourists with myriad delicacies of regional taste. A number of people from different tribes took part in this event and showcased their specific ethnic cuisines to introduce tourists to their tribal food.
- In September 2014, Dream Foods International LLC. provider of natural ethnic foods and organic juices acquired the “Casa Mexicana” brand from “Hispanic Specialty Brands, LLC” to join other specialty brands of Dream Foods International LLC, to expand its business in the dry grocery sector and to allow fast-growing Hispanic food trend service in the market.
Analyst View:
Functional ingredients of traditional and ethnic foods improve health and the rising adoption of a nutritional diet has driven the target market growth as it works to combat disease and strengthen the cells of body. Growing online food services and the availability of ethnic foods across the globe is expected to boost the demand for Ethnic Food market growth in coming years.
Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Ethnic Food Market, By Type (Italian, Mexican, Japanese, Chinese, and Others), By Distribution Channel (Online, Grocery Stores, Convenience Stores, Hypermarkets and Supermarkets), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2032”
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Key Market Insights from the report:
The Ethnic Food Market is segmented based on Type, Distribution Channel, and Region.
- Based on Type, the Ethnic Food Market is segmented into Italian, Mexican, Japanese, Chinese, and Others.
- Based on the Distribution Channel, the Ethnic Food Market is segmented into Online, Grocery Stores, Convenience Stores, Hypermarkets, and Supermarkets.
- By Region, the Ethnic Food Market is segmented into North America, Europe, Asia Pacific, Latin America, the Middle East & Africa.
Competitive Landscape & their Strategies of Ethnic Food Market:
The prominent players operating in the Ethnic Food Market include General Mills Inc., Conagra Brands Inc., Ajinomoto Co. Inc., Nestle, Associated British Foods PLC, The Spice Tailor, ARYZTA AG, Asli Fine Foods, Paulig Group, McCormick & Company Inc., and others.
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