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Global Ethnic Food Market to reach USD 132.45 billion by the end of 2030

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

Product Code: OIRFB-53871258
Publish Date: 15-11-2023
Page: 200

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
Paulig Group
The Spice Tailor Limited

Recent Developments in the Market:
Ø 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.
Ø 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.
Ø 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.
Ø 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.
Ø 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:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Cuisine Type, Food Type, Distribution Channel, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

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:

By Food Type:

By Distribution Channel:
Convenience Store
Grocery Store
Online Sales Channel

By Region:

North America


Asia Pacific
South Korea

Latin America

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

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Ethnic Food Market, by Region, 2020-2030 (USD Billion)
1.2.2. Ethnic Food Market, by Cuisine Type, 2020-2030 (USD Billion)
1.2.3. Ethnic Food Market, by Food Type, 2020-2030 (USD Billion)
1.2.4. Ethnic Food Market, by Distribution Channel, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Ethnic Food Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Ethnic Food Market Dynamics
3.1. Ethnic Food Market Impact Analysis (2020-2030)
3.1.1. Market Drivers Availability and accessibility of ethnic food items Increasing migration of people
3.1.2. Market Challenges High import and export tariffs Rising Health and Nutrition-Concerned population
3.1.3. Market Opportunities Changing Lifestyles of People Rising digital apps and technological improvements
Chapter 4. Global Ethnic Food Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Ethnic Food Market, by Cuisine Type
5.1. Market Snapshot
5.2. Global Ethnic Food Market by Cuisine Type, Performance – Potential Analysis
5.3. Global Ethnic Food Market Estimates & Forecasts by Cuisine Type 2020-2030 (USD Billion)
5.4. Ethnic Food Market, Sub Segment Analysis
5.4.1. Asian
5.4.2. Italian
5.4.3. Mexican
5.4.4. Others
Chapter 6. Global Ethnic Food Market, by Food Type
6.1. Market Snapshot
6.2. Global Ethnic Food Market by Food Type, Performance – Potential Analysis
6.3. Global Ethnic Food Market Estimates & Forecasts by Food Type 2020-2030 (USD Billion)
6.4. Ethnic Food Market, Sub Segment Analysis
6.4.1. Veg
6.4.2. Non-Veg
Chapter 7. Global Ethnic Food Market, by Distribution Channel
7.1. Market Snapshot
7.2. Global Ethnic Food Market by Distribution Channel, Performance – Potential Analysis
7.3. Global Ethnic Food Market Estimates & Forecasts by Distribution Channel 2020-2030 (USD Billion)
7.4. Ethnic Food Market, Sub Segment Analysis
7.4.1. Hypermarkets/Supermarkets
7.4.2. Convenience Store
7.4.3. Grocery Store
7.4.4. Online Sales Channel
Chapter 8. Global Ethnic Food Market, Regional Analysis
8.1. Top Leading Countries
8.2. Top Emerging Countries
8.3. Ethnic Food Market, Regional Market Snapshot
8.4. North America Ethnic Food Market
8.4.1. U.S. Ethnic Food Market Cuisine Type breakdown estimates & forecasts, 2020-2030 Food Type breakdown estimates & forecasts, 2020-2030 Distribution Channel breakdown estimates & forecasts, 2020-2030
8.4.2. Canada Ethnic Food Market
8.5. Europe Ethnic Food Market Snapshot
8.5.1. U.K. Ethnic Food Market
8.5.2. Germany Ethnic Food Market
8.5.3. France Ethnic Food Market
8.5.4. Spain Ethnic Food Market
8.5.5. Italy Ethnic Food Market
8.5.6. Rest of Europe Ethnic Food Market
8.6. Asia-Pacific Ethnic Food Market Snapshot
8.6.1. China Ethnic Food Market
8.6.2. India Ethnic Food Market
8.6.3. Japan Ethnic Food Market
8.6.4. Australia Ethnic Food Market
8.6.5. South Korea Ethnic Food Market
8.6.6. Rest of Asia Pacific Ethnic Food Market
8.7. Latin America Ethnic Food Market Snapshot
8.7.1. Brazil Ethnic Food Market
8.7.2. Mexico Ethnic Food Market
8.8. Middle East & Africa Ethnic Food Market
8.8.1. Saudi Arabia Ethnic Food Market
8.8.2. South Africa Ethnic Food Market
8.8.3. Rest of Middle East & Africa Ethnic Food Market

Chapter 9. Competitive Intelligence
9.1. Key Company SWOT Analysis
9.1.1. Company 1
9.1.2. Company 2
9.1.3. Company 3
9.2. Top Market Strategies
9.3. Company Profiles
9.3.1. Nestle S.A Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
9.3.2. Associated British Foods PLC
9.3.3. General Mills, Inc.
9.3.4. Ajinomoto Co. Inc.
9.3.5. McCormick & Company Inc.
9.3.6. General Mills, Inc.
9.3.7. Taco Bell IP Holder, LLC
9.3.8. ARYZTA AG
9.3.9. Paulig Group
9.3.10. The Spice Tailor Limited
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

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Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
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Technological advancements and projected developments in the market
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