Ethnic Food Market Overview
Ethnic Food Market was valued at US$ 42.9 billion in 2022 and is projected to grow at a CAGR of 9.0 % to reach US$ 106.5 billion by 2032.
Ethnic food is multiple cuisine originated from heritage and culture of particular ethnic groups. Italian, Chinese, Japanese, Mexican and others are different types of Ethnic Foods consists of different flavors, spices and taste.
Rising disposable income has become the major contribution in target market growth. Growing travel and tourism and increase in trend of experiencing ethnic food items has further, facilitated the target market growth. Growing employment opportunities in different regions and rising consumption for their local regional foods is expected to fruitful the demand for Ethnic Food Market growth in coming years.
Ethnic Food Market Dynamics
Growing economic status and demand for intercontinental and frozen foods
Growing economic status and rising demand for intercontinental and frozen packaged foods have become major factors in target market growth. Growing economic status in developing countries has allowed individuals to purchase frozen packaged foods and to try out international food items. People are opting for outing fast food items and are interested in trying out different regional cuisines such as Indian, Thai dishes, Mexican, Chinese, Japanese, and others. Social advertising of ethnic foods and the availability of multi-cuisines across the globe have attracted consumers towards ethnic food products, which in turn has boosted the demand for ethnic food market growth.
For instance, in September 2022, according to The Economic Times, India’s first plant-based protein product, GREENEST," will ship from Gujarat to the United States of America. This 5,000 kg plant-based meat export consists of momos, mini samosas, grilled patties, vegan products, spicy strips, nuggets, and spring rolls.
Growth in migration in various regions
Growing migration of people in various regions has also become a major contribution to target market growth. Rising disposable income has allowed an individual to spend on higher educational studies in other countries. Further, employment opportunities across the regions and growing travel and tourism have led to the migration of people in various regions. Migration of people has given rise to a demand for consumption of their local, regional food products due to their easy availability.
For instance, according to the IOM World Migration Report 2020 (The International Organization for Migration) in June 2019, the number of international migrants was determined to be around 272 million globally, more than double the 51 million in 2010. In 2019, approximately 31% of international migrants across the globe resided in Asia, around 26% in America, 30% in Europe, 10% in Africa, and around 3% in Oceania.
Restrains:
However, growing demand from consumers for natural food products has restrained target market growth. As ethnic food items are transported from one country to another, chemical preservatives are added to food items for increasing their shelf life, which in turn has hindered the target market's growth. High import and export duties on food products and stringent rules and regulations have further hampered the Ethnic Food Market growth.
Ethnic Food Market Segmentation
Ethnic Food Market is segmented based on Type, Distribution Channel and Region.
Type Insight
On the basis of Type Ethnic Food Market is segmented into Italian, Mexican, Japanese, Chinese and Others. Chinese type of ethnic food is expected to dominate the target market growth due to growing demand for Chinese cuisine across the world. Migration of Chinese students in North-American and European countries owing to tourism, high education studies and employment opportunities has given rise in consumption of home country cuisines.
Distribution Channel Insights
On the basis of Distribution Channel Ethnic Food Market is segmented into Online, Grocery Stores, Convenience Stores, Hypermarkets and Supermarkets. Hypermarkets and Supermarkets are expected to dominate the target market growth due to high disposable income and smart city projects in developing countries. Rising metro cities and availability of safe and authentic food in hypermarkets and supermarkets is expected to fuel market segment growth.
Regional Insights:
On region the Ethnic Food Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Europe market is estimated to witness a significantly high revenue share over the forecast period. Moreover, presence of high number of immigrants due to higher education and employment opportunities, high disposable income, growing online food services is anticipated to increase demand for Ethnic Food in the region.
Asia Pacific is estimated to witness fastest growing share due to rising disposable income, travel and tourism activities, expansion of malls and supermarkets, growing demand and trend for experiencing ethnic cuisine. Growing multi-cuisine restaurant chains with innovation of technology for preparation of food products in India and China is expected to boost the demand for Ethnic Food market in the region.
Report Scope:
|
Attribute |
Details |
|
Base year for estimation |
2023 |
|
Forecast period |
2022 – 2032 |
|
Market representation |
Revenue in USD Billion & CAGR from 2022 to 2032 |
|
Market Segmentation |
By Type - Italian, Mexican, Japanese, Chinese and Others By Distribution Channel - Online, Grocery Stores, Convenience Stores, Hypermarkets and Supermarkets |
|
Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
|
Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2022 to 2032. For the purpose of this study, has segmented the Ethnic Food Market report based on Type, Distribution Channel and Region:
Ethnic Food Market, By Type:
- Italian
- Mexican
- Japanese
- Chinese
- Others
Ethnic Food Market, By Distribution Channel:
- Online
- Grocery Stores
- Convenience Stores
- Hypermarkets
- Supermarkets
Ethnic Food Market, By Region:
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-
- North America
-
- U.S.
- Canada
-
- Europe
-
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
-
- Asia Pacific
-
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
-
- Latin America
-
- Brazil
- Mexico
- Rest of Latin America
-
- Middle East & Africa
-
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
-
- North America
-
Ethnic Food Market Key Players
The key players operating 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.
Ethnic Food Market Company Profile
- General Mills Inc.*
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Conagra Brands Inc.
- Ajinomoto Co. Inc.
- Nestle
- Associated British Foods PLC
- The Spice Tailor
- ARYZTA AG
- Asli Fine Foods
- Paulig Group
- McCormick & Company Inc.
“*” marked represents similar segmentation in other categories in the respective section
Recent Development:
- In April 2023, Domino’s launched new Mexico-inspired pizza and wedges. New launched pizza, “Ultimate Chicken Mexicana” featured with Mexican ingredients such as, jalapenos, spiced pulled chicken, green & red peppers, onions, tomatoes with drizzle of spicy mayo. The company also launched Chicken Mexicana loaded wedges with mozzarella toppings and new spiced chicken drizzle with jalapenos and spiced mayo.
- In March 2022, Nala Robotics launched new “Nala Marketplace” network of customizable multi-cuisine robotic chefs which allows aspiring restaurateurs to fast-food chains for easily opening of proprietary cloud-based kitchen within 24 hours. New launched network of AI chefs cooks various types of ethnic foods including Indian, Italian, Chinese, Mexican, Thai, Portugese and American food items such as soups, burgers, salads and more items.
- In December 2022, (India), Assam: Guwahati Foodie promoted new ethnic cuisine with food photography contest. Guwahati Foodie hosted this food photography competition to highlight rich heritage and culture of ethnic cuisine from state and North-east region.
In April 2022, Foo Foods a traditional and ethnic food product brand launched ready to fry Kallumakkaya nirachath. The company use best innovative technologies in processing of food to evade preservatives and provides food product through online retail stores.
Ethnic Food Market Table of Contents
- Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years Considered for the study
- Assumptions
- Abbreviations
- Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Sources
- Key Thickness Insights
- Secondary Data
- Major Secondary Sources
- Secondary Sources
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
- Market Preview
- Executive Summary
- Key Findings—Global Outlook for medical carts Strategies
- Key Questions this Study will Answer
- Market Snippet, By Type
- Market Snippet, By Distribution Channel
- Market Snippet, By Region
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restrains
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
- Market Dynamics
- Ethnic Food Market, By Type
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
- Y-o-Y Growth Analysis (%), 2022 – 2032
- Segment Trends
- Italian
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Mexican
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Japanese
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Chinese
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Others
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Overview
- Ethnic Food Market, By Distribution Channel, 2022 – 2032, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
- Y-o-Y Growth Analysis (%), 2022 – 2032
- Segment Trends
- Online
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Grocery Stores
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Convenience Stores
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Hypermarkets
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Supermarkets
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Overview
- Ethnic Food Market, By Region, 2022 – 2032, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
- Y-o-Y Growth Analysis (%), 2022 – 2032
- Regional Trends
- North America
- Market Size and Forecast (US$ Bn), By Type, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Distribution Channel, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Bn), By Type, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Distribution Channel, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
- UK
- France
- Germany
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Bn), By Type, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Distribution Channel, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
- India
- Japan
- South Korea
- China
- Rest of Asia Pacific
- Overview
-
- Latin America
- Market Size and Forecast (US$ Bn), By Type, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Distribution Channel, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
- Latin America
-
-
-
- Brazil
- Mexico
- Rest of Latin America
-
- Middle East & Africa
- Market Size and Forecast (US$ Bn), By Type, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Distribution Channel, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
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-
-
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- GCC
- Israel
- South Africa
- Rest of Middle East
-
-
- Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
- Company Profiles
- General Mills Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Conagra Brands Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Ajinomoto Co. Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Nestle
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Associated British Foods PLC
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- The Spice Tailor
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- ARYZTA AG
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Asli Fine Foods
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Paulig Group
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- McCormick & Company Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- The Last Word
- Future Impact
- About Us
- Contact
FAQs
The Ethnic Food Market is segmented into Type, Distribution Channel and Region.
By region, the Ethnic Food market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Europe market is estimated to witness a significantly high revenue share over the forecast period.
Ethnic Food Market is driven by factors like growing economic status and rising demand for intercontinental and frozen foods and growing migration of people in various regions.
The key players operating 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