What is the present valuation and projected CAGR of the ethnic food market?
The ethnic food market size has grown rapidly in recent years. It will grow from $57.62 billion in 2024 to $63.42 billion in 2025 at a compound annual growth rate (CAGR) of 10.1%. The growth in the historic period can be attributed to cultural diversity and migration, urbanization and lifestyle changes, social media and food trends, restaurant and street food culture, health and wellness awareness, culinary education and exposure.
The ethnic food market size is expected to see rapid growth in the next few years. It will grow to $97.34 billion in 2029 at a compound annual growth rate (CAGR) of 11.3%. The growth in the forecast period can be attributed to culinary fusion and innovation, health-conscious ethnic options, e-commerce and meal kits, sustainable and locally sourced ingredients, authenticity and cultural representation. Major trends in the forecast period include digital platforms and food discovery, authenticity and regional varieties, plant-based and vegetarian options, online food delivery and takeout, fusion cuisine.
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How has the ethnic food market evolved, and what factors have shaped its growth?
Growing immigration rates is the key factor driving the growth of the ethnic food market. Immigration is increasing because of several reasons such as employment opportunities, environmental factors, educational purposes, reuniting with family, or escaping a violent conflict. The immigrants prefer the food of their homeland and that increases the demand for ethnic food. For instance, according to the American Community Survey (ACS), an annual demographics survey program conducted by the United States Census Bureau, the number of immigrants living in the United States increased by 3.6% from 2022 to 2023. Hence, the growing immigration rates are expected to drive the ethnic food market.
What are the major segments of the ethnic food market?
The ethnic food market covered in this report is segmented –
1) By Food Type: Veg, Non-Veg
2) By Culture: American, Chinese, Japanese, Mexican, Italian, Other Cultures
3) By Distribution: Super markets Or Hyper markets, Convenience Stores, Online Retail Channels, Other Distribution Channels
4) By Application: Restaurant, Household
Subsegments:
1) By Veg: Vegetarian Meals, Plant-Based Dishes, Ethnic Vegetarian Snacks
2) By Non-Veg: Meat-Based Dishes, Poultry Dishes, Seafood Options
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Which companies dominate the ethnic food market?
Major companies operating in the ethnic food market include Nestlé S.A., Associated British Foods plc, General Mills Inc., Taco Bell Corp., Conagra Brands Inc., Ajinomoto Co. Inc., ITC Limited, McCormick & Company Incorporated, MTR Foods Pvt Ltd, Kikkoman Corporation, House Foods Group Inc., Aryzta AG, B&G Foods Holdings Corp., Haldiram Manufacturing Co. Pvt. Ltd., Goya Foods Inc., GraceKennedy Group, S&B Foods Inc., Amy’s Kitchen Inc., Santa Maria AB, East End Foods plc, Surya Foods Ltd., Leathams Limited, Kawan Food Manufacturing Sdn Bhd, Tasty Bite Eatables Ltd., Tilda Limited, TRS Foods Ltd., Natco Foods Ltd., Wanis International Foods Limited, Frontera Foods Inc., Asli Fine Foods Limited
How will evolving trends contribute to the growth of the ethnic food market?
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 expansions through new product developments to expand business opportunities, increase revenue streams and enhance their position. For instance, in March 2024, Truly Indian, an Indian brand focused on promoting authentic Indian food products, officially launched in the U.S. at the Natural Products Expo West 2024. This event is recognized as a premier trade show for natural and organic products, providing a platform for emerging brands to showcase their offerings. The launch aims to connect U.S. consumers with high-quality Indian foods, emphasizing the brand’s commitment to authenticity and cultural heritage.
What are the key regional dynamics of the ethnic food market, and which region leads in market share?
The countries covered in the ethnic food market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
What Does The Ethnic Food Market Report 2025 Offer?
The ethnic food market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Ethnic food refers 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.
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