The latest report by IMARC Group, titled “Ethnic Foods Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 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.
Ethnic foods include culinary traditions and dishes from numerous cultural and regional backgrounds. These foods are often rooted in the cultural heritage of a specific group of individuals and have unique flavors, ingredients, and cooking techniques associated with them. They include Chinese dim sum, Italian pasta, Mexican tacos, Indian curry, and Japanese sushi. These dishes often reflect the geography, history, and traditions of the communities that create them. They use numerous ingredients such as spices, herbs, grains, meats, and vegetables to create a rich tapestry of flavors and textures. Additionally, ethnic foods are gaining popularity among restaurants and food festivals dedicated to showcasing the richness of ethnic cuisines across the globe.
For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/ethnic-foods-market/requestsample
Ethnic Foods Market Trends and Drivers:
The ethnic foods market is primarily driven by the increasing cultural diversity in many countries. In addition, societies are becoming more multicultural, where individuals are exposed to numerous cuisines and new flavors and dishes, thus escalating the demand for numerous dining experiences. Moreover, the widespread adoption of ethnic foods due to their authenticity and bold, unique flavors represents another major growth-inducing factor. Along with this, consumers seek genuine and memorable dining experiences, and ethnic restaurants and food products offer a change from standardized fare, thus propelling market growth. Besides this, ethnic cuisines often cater to various dietary preferences and restrictions, including vegan, vegetarian, gluten-free, or dairy-free options, accelerating the product adoption rate. Furthermore, the fusion of ethnic flavors with local ingredients and cooking techniques is gaining immense popularity, providing a unique and exciting dining experience that attracts adventurous eaters, thus creating a positive market outlook.
Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Cuisine Type:
- American
- Chinese
- Japanese
- Mexican
- Italian
- Others
Breakup by Food Type:
- Vegetarian
- Non-Vegetarian
Breakup by Distribution Channel:
- Food Services
- Retail 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
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.
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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