Ethnic Foods Market, By Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Online Retail Channels, Other Distribution Channels), By Region (North America, Latin America, Europe, Asia Pacific, Middle East, Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030
Ethnic foods include Japanese, African, Middle Eastern, Indian, Greek, and Cajun cuisines. However, consumers are increasingly looking for regional variations, and analysts predict that the next wave of popular foods may come from countries like the Philippines, Korea, and Afghanistan. Ethnic food trends are becoming more popular, thanks to globalization and increasing immigrant populations.
Market Dynamics:
Growing globalization and increasing demand for convenience food product due to hectic lifestyle of consumers are driving growth of the ethnic food market. Increasing launch of new products by key players and expanding e-commerce industry are again fostering market growth. For instance, in December 2021, Mother’s Recipe announced the launch of the ‘Ready to Eat’ combo meals for the Indian Railway Catering and Tourism Corporation (IRCTC).
On the other hand, concerns associated with packaging food safety is expected to restrict the market growth.
Key features of the study:
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook