Ethnic Foods Market, By Cuisine Type, By Food Type, By Distribution Channel, By Geography

Description

The global ethnic foods market is estimated to be valued at USD 87.46 Bn in 2024 and is expected to reach USD 142.30 Bn by 2031, growing at a compound annual growth rate (CAGR) of 7.2% from 2024 to 2031.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2024:	US$ 87.46 Bn
Historical Data for:	2019 To 2023	Forecast Period:	2024 To 2031
Forecast Period 2024 to 2031 CAGR:	7.20%	2031 Value Projection:	US$ 142.30 Bn

Figure. Ethnic Foods Market Share (%), By Region, 2024

The global ethnic foods market has been gaining significant traction over the past few years due to the rising cultural and culinary influences worldwide. The increasing exploration of different cuisines has propelled the demand for authentic ethnic products among consumers. Moreover, the growing health-consciousness and preference for natural and organic ingredients is augmenting the ethnic foods industry. Various macro and micro factors are contributing to the growth of this market, including rapid urbanization, rising disposable incomes, increasing immigrant population, and expanding online retail platforms. However, stringent safety and quality regulations pose challenges. Overall, the global ethnic foods market has promising growth prospects riding on the growing popularity of ethnic cuisines.

Market Dynamics:

Rapid urbanization and rising health-consciousness among consumers have boosted the demand for ethnic foods significantly across major regions. Growing immigrant population and their influence on local tastes is another important driver. In addition, expanding retail channels such as supermarkets and online platforms are making ethnic products more accessible to people. On the other hand, strict food safety, and quality regulations pose a challenge for market players by increasing compliance costs. Furthermore, high prices of specialty ethnic ingredients could restrain the market growth to a certain extent. However, growing popularity of fusion cuisine and food tourism are opening up new opportunities. Innovation in product offerings catering to regional consumer demands is another key area offering opportunities.

Key Features of the Study:

This report provides an in-depth analysis of the global ethnic foods market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year.
It elucidates potential revenue growth 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 approvals, market trends, regional outlook, and competitive strategies adopted by key players.
It profiles key players in the global ethnic foods 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 Nestle SA, Kikkoman Corporation , Mars Inc. , General Mills Inc, Ajinomoto Co., Inc. , ConAgra Brands Inc., Tyson Foods Inc. , Hormel Foods Corporation , Indofood Sukses Makmur Tbk , Tingyi (Cayman Islands) Holding Corp. , Jinmailang Foods Co. Ltd. , San Miguel Pure Foods Company Inc. , Nissin Foods Holdings Co. Ltd. , McCain Foods Limited , Campbell Soup Company, JFC International Inc., Quality Ethnic Foods Inc., and The Spice Tailor Limited.
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 foods 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 foods market.

Market Segmentation

By Cuisine Type:
- Asian
- Italian
- Mexican
- Others
By Food Type:
- Veg
- Non-Veg
By Distribution Channel:
- Hypermarkets/Supermarkets
- Convenience Stores
- Grocery Stores
- Online Sales Channels
- Others
By Regional:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Company Profiles:
- Nestle SA
- Kikkoman Corporation
- Mars Inc.
- General Mills Inc
- Ajinomoto Co., Inc.
- ConAgra Brands Inc.
- Tyson Foods Inc.
- Hormel Foods Corporation
- Indofood Sukses Makmur Tbk
- Tingyi (Cayman Islands) Holding Corp.
- Jinmailang Foods Co. Ltd.
- San Miguel Pure Foods Company Inc.
- Nissin Foods Holdings Co. Ltd.
- McCain Foods Limited
- Campbell Soup Company
- JFC International Inc.
- Quality Ethnic Foods Inc.
- The Spice Tailor Limited

Product Code: CMI5054

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Cuisine Type
- Market Snippet, By Food Type
- Market Snippet, By Distribution Channel
- Market Snippet, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
- Restraints
PEST Analysis
PORTER's Five Forces Analysis
Market Opportunities
Regulatory Scenario
Key Developments
Food Type Trend

4. Global Ethnic Foods Market - Impact of Coronavirus (COVID-19) Pandemic

Overview
Factors Affecting the Global Ethnic Foods Market - COVID-19
Impact Analysis

5. Global Ethnic Foods Market, By Cuisine Type, 2019-2031 (US$ Bn)

Introduction
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Asian
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Italian
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Mexican
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Others
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends

6. Global Ethnic Foods Market, By Food Type, 2019-2031 (US$ Bn)

Introduction
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Veg
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Non-Veg
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends

7. Global Ethnic Foods Market, By Distribution Channel, 2019-2031 (US$ Bn)

Introduction
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Hypermarkets/Supermarkets
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Convenience Stores
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Grocery Stores
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Online Sales Channels
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Others
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends

8. Global Ethnic Foods Market, By Region, 2019-2031 (US$ Bn)

Introduction
- Market Share Analysis, By Region, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
North America
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Country, 2020 - 2031
- Market Size and Forecast, By Cuisine Type, 2019- 2031 (US$ Bn)
- Market Size and Forecast, By Food Type, 2019- 2031 (US$ Bn)
- Market Size and Forecast, By Distribution Channel, 2019- 2031 (US$ Bn)
- Countries
  - U.S.
  - Canada
  - Latin America
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Country, 2020 - 2031
- Market Size and Forecast, By Cuisine Type, 2019- 2031 (US$ Bn)
- Market Size and Forecast, By Food Type, 2019- 2031 (US$ Bn)
- Market Size and Forecast, By Distribution Channel, 2019- 2031 (US$ Bn)
- Countries
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
  - Europe
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Country, 2020 - 2031
- Market Size and Forecast, By Cuisine Type, 2019- 2031 (US$ Bn)
- Market Size and Forecast, By Food Type, 2019- 2031 (US$ Bn)
- Market Size and Forecast, By Distribution Channel, 2019- 2031 (US$ Bn)
- Countries
  - U.K.
  - Germany
  - Italy
  - France
  - Spain
  - Russia
  - Rest of Europe
  - Asia Pacific
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Country, 2020 - 2031
- Market Size and Forecast, By Cuisine Type, 2019- 2031 (US$ Bn)
- Market Size and Forecast, By Food Type, 2019- 2031 (US$ Bn)
- Market Size and Forecast, By Distribution Channel, 2019- 2031 (US$ Bn)
- Countries
  - China
  - India
  - Japan
  - ASEAN
  - Australia
  - South Korea
  - Rest of Asia Pacific
  - Middle East & Africa
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Country, 2020 - 2031
- Market Size and Forecast, By Cuisine Type, 2019- 2031 (US$ Bn)
- Market Size and Forecast, By Food Type, 2019- 2031 (US$ Bn)
- Market Size and Forecast, By Distribution Channel, 2019- 2031 (US$ Bn)
- Sub-regions/Countries
  - GCC Countries
  - Israel
  - Rest of Middle East & Africa

9. Competitive Landscape

Heat Map Analysis
Market Share Analysis (3x3 Matrix)
Company Profiles
- Nestle SA
  - Company Overview
  - Cuisine Type Portfolio
  - Recent Developments/Updates
- Kikkoman Corporation
  - Company Overview
  - Cuisine Type Portfolio
  - Recent Developments/Updates
- Mars Inc.
  - Company Overview
  - Cuisine Type Portfolio
  - Recent Developments/Updates
- General Mills Inc
  - Company Overview
  - Cuisine Type Portfolio
  - Recent Developments/Updates
- Ajinomoto Co., Inc.
  - Company Overview
  - Cuisine Type Portfolio
  - Recent Developments/Updates
- ConAgra Brands Inc.
  - Company Overview
  - Cuisine Type Portfolio
  - Recent Developments/Updates
- Tyson Foods Inc.
  - Company Overview
  - Cuisine Type Portfolio
  - Recent Developments/Updates
- Hormel Foods Corporation
  - Company Overview
  - Cuisine Type Portfolio
  - Recent Developments/Updates
- Indofood Sukses Makmur Tbk
  - Company Overview
  - Cuisine Type Portfolio
  - Recent Developments/Updates
- Tingyi (Cayman Islands) Holding Corp.
  - Company Overview
  - Cuisine Type Portfolio
  - Recent Developments/Updates
- Jinmailang Foods Co. Ltd.
  - Company Overview
  - Cuisine Type Portfolio
  - Recent Developments/Updates
- San Miguel Pure Foods Company Inc.
  - Company Overview
  - Cuisine Type Portfolio
  - Recent Developments/Updates
- Nissin Foods Holdings Co. Ltd.
  - Company Overview
  - Cuisine Type Portfolio
  - Recent Developments/Updates
- McCain Foods Limited
  - Company Overview
  - Cuisine Type Portfolio
  - Recent Developments/Updates
- Campbell Soup Company
  - Company Overview
  - Cuisine Type Portfolio
  - Recent Developments/Updates
- JFC International Inc.
  - Company Overview
  - Cuisine Type Portfolio
  - Recent Developments/Updates
- Quality Ethnic Foods Inc.
  - Company Overview
  - Cuisine Type Portfolio
  - Recent Developments/Updates
- The Spice Tailor Limited
  - Company Overview
  - Cuisine Type Portfolio
  - Recent Developments/Updates

10. Analyst Recommendation

Wheel of Fortune
Analyst View
Coherent Opportunity Map

11. Section

References
Research Methodology
About Us and Sales Contact
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