Ethnic Food Market is estimated to be US$ 106.5 billion by 2032; Growing Travel and Tourism to Fuel Market Growth

Published Date: March 2024

Foods originating from different culture and heritage is considered as ethnic food. Ethnic food are blend with local ingredients of plants and animal sources which are nutritional and improves 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 export of food trade has 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.

The report 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”

 Key Highlights:

  • In September 2019, (India) in Assam’s Haflong “Ethnic Food Street” was launched to attract tourist with myriad delicacies of regional taste. Number of people from different tribes took part in this event and showcased their specific ethnic cuisines to introduce tourists about their tribal food.
  • In September 2014, Dream Foods International LLC. provider of natural ethnic foods and organic juices acquired “Casa Mexicana” brand from “Hispanic Specialty Brands, LLC” for joining other specialty brands of Dream Foods International LLC, to expand its business in dry grocery sector and to allow fast growing Hispanic food trend service in market.

Analyst View:

Functional ingredients of traditional and ethnic foods improves health and rising adoption of 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 availability of ethnic foods across 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”

Key Market Insights from the report:

Ethnic Food Market accounted for US$ 42.9 billion in 2022 and is estimated to be US$ 106.5 billion by 2032 and is anticipated to register a CAGR of 9.0 %. The Ethnic Food Market is segmented based on Type, Distribution Channel and Region.

  • Based on Type, Ethnic Food Market is segmented into Italian, Mexican, Japanese, Chinese and Others.
  • Based on Distribution Channel, 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, Middle East & Africa.

Competitive Landscape & their strategies of Ethnic Food Market:

The prominent players operating in the Ethnic Food Market includes, 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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