Press release
Ethnic Food Global Market By Type, By Distribution Channel, By Cuisine Type, By Food Type, By Region And Segment Forecast 2023-2032 | Ajinomoto Foods, Santa Maria UK Ltd., MTR Foods, Natco Foods, General Mills Inc.
As per the ethnic food market report by The Business Research Company, 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 global ethnic food market size grew from $47.75 billion in 2022 to $52.56 billion in 2023 at a compound annual growth rate (CAGR) of 10.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The ethnic food market size is expected to grow to $77.55 billion in 2027 at a CAGR of 10.2%.
Read More On The Ethnic Food Market Report Here:
https://www.thebusinessresearchcompany.com/report/ethnic-food-global-market-report
Major competitors in the ethnic food market include 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.
The ethnic food market is segmented -
• By Food Type: Veg, Non-Veg
• By Culture: American, Chinese, Japanese, Mexican, Italian, Other Cultures
• By Distribution: Supermarkets/Hypermarkets, Convenience Stores, Online Retail Channels, Other Distribution Channels
• By Application: Restaurant, Household
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. Asia-Pacific was the largest region in the ethnic food market.
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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.
The Table of Content for The Ethnic Food Market Include:
1. Executive Summary
2. Ethnic Food Market Characteristics
3. Ethnic Food Market Trends And Strategies
4. Ethnic Food - Macro Economic Scenario
5. Ethnic Food Market Size And Growth
.....
26. Africa Ethnic Food Market
27. Ethnic Food Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Ethnic Food Market
29. Ethnic Food Market Future Outlook and Potential Analysis
30. Appendix
The "Global Ethnic Food Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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