Global Ethnic Food Market Size Study & Forecast, by Cuisine Type (Asian, Italian, Mexican, Others), by Food Type (Veg, Non-Veg), by Distribution Channel (Hypermarkets/Supermarkets, Convenience Store, Grocery Store, Online Sales Channel) and Regional Anal

Global Ethnic Food Market Size Study & Forecast, by Cuisine Type (Asian, Italian, Mexican, Others), by Food Type (Veg, Non-Veg), by Distribution Channel (Hypermarkets/Supermarkets, Convenience Store, Grocery Store, Online Sales Channel) and Regional Analysis, 2023-2030

Global Ethnic Food Market is valued at approximately USD 76.63 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 7.08% over the forecast period 2023-2030. Ethnic foods are defined as foods that come from a specific ethnic group's heritage, culture and utilize local ingredients. The market for these foods is expanding due to the availability and accessibility of ethnic food items via specialized supermarket chains. However, in certain regions, high import and export tariffs hinder market growth.

The increasing number of Asian people migrating to developed countries is contributing to the growth of the market. According to the World Economic Forum estimates in the year 2020, 272 million international migrants make up 3.5% of the world's population. Most migrants that come from India; the United States is their major destination. The United States is the primary destination for migrants, while the UAE has the largest migrant contingent. The changing lifestyle of urban people presents an opportunity for this market over the forecasted period. Furthermore, rising digital apps and technological advancements is likely to create huge potential opportunities through online distribution channels worldwide. However, the growing population's increasing concern for health and nutrition challenges the market growth during the forecast period of 2023-2030.

The key regions considered for the Global Ethnic Food Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. The Asia Pacific region dominated the market in 2022, due to the growing adoption rate of ethnic food and ingredients in traditional cuisines of various countries such as the US, Italy, Germany, China, Japan, India, Australia, and the UAE. North America is expected to experience significant growth over the forecast period, owing to the growing demand for Asian cuisine such as Thai, caused by the growth in the relocation of Asian consumers in the region. Moreover, the increasing popularity of frozen foods and regional food products from smaller countries such as Thailand, Vietnam, and the Philippines has attracted consumers to this food sector.


Major market player included in this report are:
Nestle S.A.
Associated British Foods PLC
General Mills, Inc.
Ajinomoto Co. Inc.
McCormick & Company Inc.
General Mills, Inc.
Taco Bell IP Holder, LLC
ARYZTA AG
Paulig Group
The Spice Tailor Limited


Recent Developments in the Market:
 In February 2022, Patak launched its ""Patak's Makes Perfect"" TV advertisement collaborating with creative advertising agency BMB, aiming to strengthen its market presence in the ethnic foods retail space.
 In February 2022, Aryzta acquired the bakery, equipment, and corresponding land of co-manufacturer De-Luxe Food Services from Envictus International Holdings Limited, strengthening its relevant position in bakery products in Malaysia.
 In October 2021, General Mills expanded its Old El Paso range by introducing new flavored taco shells in collaboration with crisp brand Takis in the United States. Its latest product is inspired by Takis ‘Fuego’ crisp flavor and was named ‘Hot Chili Pepper and Lime-Flavored Stand’N Stuff Taco Shells,’ which was available through Walmart stores.
 In June 2022, O'Food launched its first frozen food, Mandu, which is a classic Korean dumpling that comes in two different flavors: kimchi and plant-based. This will provide new flavor options for their customer base.
 In December 2021, Mother's Recipe launched healthy 'ready-to-eat' combo meals for Indian Railways and Tourism Corporation. Its meals are being served in all A+ Class trains covering the North, West and South Zones of India.

Global Ethnic Food Market Report Scope:
 Historical Data – 2020 - 2021
 Base Year for Estimation – 2022
 Forecast period - 2023-2030
 Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
 Segments Covered - Cuisine Type, Food Type, Distribution Channel, Region
 Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa


The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Cuisine Type:
Asian
Italian
Mexican
Others

By Food Type:
Veg
Non-Veg

By Distribution Channel:
Hypermarkets/Supermarkets
Convenience Store
Grocery Store
Online Sales Channel

By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Companies Mentioned
Nestle S.A.
Associated British Foods PLC
General Mills, Inc.
Ajinomoto Co. Inc.
McCormick & Company Inc.
General Mills, Inc.
Taco Bell IP Holder, LLC
ARYZTA AG
Paulig Group
The Spice Tailor Limited

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