IMARC Group, a leading market research company, has recently releases report titled, Ethnic Foods Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028, The study provides a detailed analysis of the industry, including theglobalethnic foods market size, share, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights

How big is the ethnic foods market?

What is ethnic foods?

Ethnic foods encompass a diverse range of traditional cuisines that originate from various ethnic groups, religions, or countries, representing their unique heritage and culture. These cuisines include Mexican, Indian, American, Italian, Greek, Chinese, Ethiopian, Cambodian, Japanese, Thai, Korean, and more. Prepared with locally sourced natural ingredients, they refrain from added adulterants, flavors, or colors. Ethnic foods are known for their health benefits, providing a balanced diet, improving overall health, strengthening the immune system, detoxifying the body, and reducing the risk of diabetes, obesity, and cardiovascular diseases (CVDs). With their cultural diversity and nutritional value, ethnic foods are gaining widespread popularity across the globe.

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What are the growth prospects and trends in the ethnic foods industry?

The growth of the global ethnic foods market is primarily fueled by the shifting consumer preferences towards exploring new and exotic cuisines that offer diverse cultural experiences. These ethnic foods are not only known for their delicious flavors but also for their health benefits and nutritional value. The increasing trend of dining out, culinary experimentation, and the desire to discover new flavors are driving the markets expansion. Moreover, the growing demand for convenient food options like ready-to-eat, ready-to-cook, and frozen ethnic foods, which provide longer shelf life and easy preparation, is boosting market growth. The establishment of specialized ethnic food supermarkets, hypermarkets, and retail stores is also playing a significant role in the markets development. Additionally, factors such as evolving dietary preferences, the accessibility of ethnic food products through e-commerce platforms, and the growing focus on health and wellness are expected to further propel the markets growth.

What is included in market segmentation?

The report has segmented the market into the following categories:

Cuisine Type Insights:

• American
• Chinese
• Japanese
• Mexican
• Italian
• Others

Food Type Insights:

• Vegetarian
• Non-Vegetarian

Distribution Channel Insights:

• Food Services
• Retail Stores

Breakup by Region:

• North America
• Asia-Pacific
• Europe
• Latin America
• Middle East and Africa

Who are the key players operating in the industry?

The report covers the major market players including:

• Ajinomoto Co. Inc.
• Asli Fine Foods
• McCormick Company Inc.
• MTR Foods Pvt. Ltd. (Orkla ASA)
• Natco Foods Ltd.
• Old El Paso (General Mills)
• Santa Maria UK Ltd. (Paulig Group)
• TRS Ltd., etc.

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