The latest report by IMARC Group, titled “Ethnic Foods Market Report by Cuisine Type (American, Chinese, Japanese, Mexican, Italian, and Others), Food Type (Vegetarian, Non-Vegetarian), Distribution Channel (Food Services, Retail Stores), and Region 2024-2032“, The global ethnic foods market size reached US$ 54.0 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 110.4 Billion by 2032, exhibiting a growth rate (CAGR) of 8.02% during 2024-2032.
Factors Affecting the Growth of the Global Ethnic Foods Industry:
- Increasing Globalization:
The globalization of economies and the increased cultural exchange between nations have significantly fueled the growth of the ethnic foods market. As people travel more and experience different cultures, there’s a growing interest in exploring those cultures through cuisine. This curiosity leads to a surge in demand for authentic ethnic foods in various parts of the world. Additionally, the rise in immigrant populations globally brings a piece of their native culinary traditions to new regions, further enriching and diversifying the local food landscape. As a result, supermarkets and restaurants increasingly offer a wider variety of ethnic foods to cater to this expanding palate.
- Health and Wellness Trends:
In recent years, there has been a significant shift toward health and wellness, which has notably impacted the ethnic foods market. Many ethnic cuisines, such as Mediterranean, Japanese, and certain regional Indian diets, are perceived as healthier options due to their emphasis on fresh vegetables, lean meats, and beneficial spices. This perception aligns well with the growing consumer preference for foods that are not only flavorful but also nutritious and beneficial for long-term health. The trend is driven by increasing health consciousness among consumers, who are more informed and aware of the nutritional value of different cuisines. Consequently, there is an increased demand for ethnic foods that are organic, gluten-free, or have low-fat content, as they align with the health goals of a wide range of consumers.
- Technological Advancements:
Technological advancements have dramatically influenced the distribution and marketing of ethnic foods. The rise of e-commerce platforms and food delivery apps has made it easier for consumers to access a diverse range of ethnic foods from the comfort of their homes. Online grocery shopping and delivery services have expanded the reach of ethnic food products beyond local specialty stores to a broader audience. Additionally, digital marketing strategies, including social media marketing, have played a crucial role in promoting ethnic cuisines. These platforms allow for targeted advertising and influencer partnerships, which help in creating awareness and educating potential customers about various ethnic foods. This increased accessibility and awareness have substantially contributed to the growth of the ethnic foods market.
Competitive Landscape with Key Player:
- Ajinomoto Co. Inc.
- Asli Fine Foods
- McCormick & Company Inc.
- MTR Foods Pvt. Ltd. (Orkla ASA)
- Natco Foods Ltd.
- Old El Paso (General Mills)
- Santa Maria UK Ltd. (Paulig Group)
- TRS Ltd.
For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/ethnic-foods-market/requestsample
Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Cuisine Type:
- American
- Chinese
- Japanese
- Mexican
- Italian
- Others
Chinese dominates the market due to the increasing international appeal of authentic Chinese flavors.
Breakup by Food Type:
- Vegetarian
- Non-Vegetarian
Non-vegetarian holds the largest market share due to rich and diverse flavors associated with non-vegetarian dishes.
Breakup by Distribution Channel:
- Food Services
- Retail Stores
Retail stores dominate the market due to the increasing availability and variety of ethnic food products in these stores.
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Asia Pacific leads the market due to the region’s diverse and rich culinary heritage, including cuisines from countries like China, Japan, Thailand, India, and Vietnam, has garnered widespread global popularity.
Ethnic Foods Market Trends:
Consumers are increasingly curious and open to exploring a wide range of ethnic cuisines. This trend is driven by a desire for new flavors and experiences, leading to the growth of restaurants and packaged products that offer authentic ethnic dishes. Besides, the demand for healthier options within ethnic cuisines is rising. Consumers are looking for lower-fat, lower-sodium, and organic alternatives while still enjoying the flavors and spices associated with ethnic foods. Moreover, the popularity of plant-based diets has led to the development of vegan and vegetarian versions of traditional ethnic dishes. Plant-based protein sources like tofu, tempeh, and jackfruit are used as meat substitutes in dishes from various cuisines.
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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