Global Ethnic Food Market Size, Forecasts, And Opportunities – Includes Ethnic Food Market Growth
Learn about the global ethnic food market through The Business Research Company, which provides information on ethnic food market size, ethnic food market drivers and restraints, ethnic food market players, the COVID-19 impact on the ethnic food market, and more.
The global ethnic food market is expected to grow from $43.35 billion in 2021 to $47.35 billion in 2022 at a compound annual growth rate (CAGR) of 9.22%. The global ethnic foods market size is expected to grow to $67.42 billion in 2026 at a compound annual growth rate (CAGR) of 9.24%.
Growing immigration rates are the key factor driving the growth of the ethnic food market.
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The ethnic food market consists of sales of ethnic foods by entities (organizations, partnerships, and sole proprietors) that refer to a food that is eaten outside the geographical area of its origin. The term “ethnic food” refers to food that is unique to a certain region or community. Non-dominant culture cuisines such as Indian, Korean, Italian, Peruvian, Moroccan, Mexican, Brazilian, Argentina, or Chinese cuisines are all regarded as ethnic and distinct from standard western cuisine.
Global Ethnic Food Market Segments Include:
By Food Type: Veg, Non-Veg
By Culture: American, Chinese, Japanese, Mexican, Italian, Others
By Distribution: Supermarkets or Hypermarkets, Convenience Stores, Online Retail Channels, Others
By Application: Restaurant, Household
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia-Pacific is the largest region in the global ethnic food market in 2021.
Business expansion is a key trend gaining popularity in the ethnic food market. Business expansion is done through the introduction of new products, expansion into new markets, market penetration, diversification, and other types. Major companies operating in the ethnic food market are focused on business expansion through new product developments to expand business opportunities, increase revenue streams, and enhance their position.
TBRC’s Ethnic Food Market Report Covers:
Major Market Players: Ajinomoto Foods, McCormick & Company Incorporated, Associated British Foods PLC, Aryzta AG, MTR Foods, Natco Foods, TRS Ltd, Tasty Bites, General Mills Inc, Wanis International Foods, Santa Maria UK Ltd, Asli Fine Foods, Nestle SA, Conagra Brands Inc, Taco Bell, B&G Foods, and Paulig Group.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)
The Ethnic Food Global Market Report 2022 is one of a series of new reports from The Business Research Company that provides ethnic food market overviews, analyzes and forecasts market size, share, ethnic food market players, ethnic food market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s ethnic food market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Here Is A List Of Similar Reports From The Business Research Company:
Superfoods Global Market Report 2022
Processed Meat Global Market Report 2022
Halal Food Global Market Report 2022
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