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  • Published In : Jun 2022
  • Code : CMI5054
  • Pages : 120
  • Formats :
      Excel and PDF
  • Industry : Food and Beverages
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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:

  • This report provides in-depth analysis of the global ethnic food market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2021–2028), considering 2020 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the global ethnic food market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
  • Key companies covered as a part of this study include Ajinomoto Co. Inc., McCormick & Company Inc., Associated British Foods PLC, General Mills Inc., Orkla ASA, Aryzta AG, Paulig Ltd, Asli Fine Foods, Capital Foods Pvt. Ltd, Bigham’s Limited, The Spice Tailor Limited, and Quality Ethnic Foods Inc.
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
  • The global ethnic food market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global ethnic food market

Detailed Segmentation:

  • Global Ethnic Foods Market, By Distribution Channel
    • Supermarkets/Hypermarkets
    • Convenience Stores
    • Online Retail Channels
    • Other Distribution Channels
  • Global Ethnic Foods Market, By Geography
    • North America
    • Europe
    • Asia-Pacific
    • Rest of the World

Detailed Segmentation:

  • Global Ethnic Foods Market, By Distribution Channel
    • Supermarkets/Hypermarkets
    • Convenience Stores
    • Online Retail Channels
    • Other Distribution Channels
  • Global Ethnic Foods Market, By Geography
    • North America
    • Europe
    • Asia-Pacific
    • Rest of the World

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