Global Ethnic Foods Market to Reach US$ 110.4 Billion by 2032, Propelled by the Growing Multiculturism and Globalization

May 18, 2023 | Food & Beverages

The latest report by IMARC Group, titled "Ethnic Foods Market Report by Cuisine Type (American, Chinese, Japanese, Mexican, Italian, and Others), Food Type (Vegetarian, Non-Vegetarian), Distribution Channel (Food Services, Retail Stores), and Region 2024-2032," finds that the global ethnic foods market size reached US$ 54.0 Billion in 2023. Ethnic foods refer to culinary traditions, recipes, and dishes that are associated with a specific cultural or regional group. They embody the unique flavors, ingredients, and cooking techniques that are characteristic of a particular ethnic community or country. Ethnic foods often reflect the cultural heritage, history, and geographical influences of a specific group. These foods may include traditional dishes, street food, snacks, beverages, and desserts that are passed down through generations, maintaining their distinct cultural identity. They can range from the spicy and aromatic curries of India, the savory and umami-rich sushi of Japan, the bold and tangy flavors of Mexican cuisine, to the intricate and diverse dishes of Mediterranean cuisine. Restaurants, food trucks, and international food markets often specialize in serving authentic ethnic foods, providing a platform for people to savor traditional dishes from various cultures. In recent years, with the rise of globalization and international trade, it has become easier to access ethnic ingredients and spices, allowing individuals to recreate authentic ethnic dishes in their own kitchens.

Global Ethnic Foods Market Trends:

One of the primary factors driving the market is the growing multiculturalism and globalization. Nowadays, Individuals have become more open to exploring diverse flavors and culinary traditions, thus escalating the demand for ethnic foods. Additionally, there has been a rising popularity of ethnic foods among immigrants and diaspora communities. These communities create a demand for authentic ethnic ingredients and dishes, leading to the establishment of specialized grocery stores, restaurants, and food markets catering to their needs. Other than this, culinary tourism has gained momentum, with travelers seeking authentic food experiences as part of their trips. Due to this, exploring the local cuisine and trying ethnic foods have become integral to the travel experience, thus creating a positive market outlook. Other than this, ethnic foods often incorporate a wide variety of fresh ingredients, herbs, spices, and diverse cooking techniques, resulting in flavorful and nutritious meals. As a result, health-conscious consumers prefer ethnic cuisines as they are perceived to incorporate nutritious ingredients, such as whole grains, legumes, vegetables, and lean proteins, into their diets. Furthermore, the rising number of social media and food influencers has encouraged food enthusiasts and influencers share their culinary experiences, recipes, and recommendations, generating interest and curiosity in trying different ethnic foods. Moreover, the emergence of fusion cuisine that blend culinary traditions and flavors of two or more countries is accelerating product sales. Looking forward, IMARC Group expects the market to reach US$ 110.4 Billion by 2032, exhibiting a growth rate (CAGR) of 8.02% during 2024-2032.

Market Summary:

  • On the basis of the cuisine type, the market has been segmented into American, Chines, Japanese, Mexican, Italian, and others. Chinese currently represents the most popular cuisine type.
  • Based on the food type, the market has been classified into vegetarian and non-vegetarian. Currently, non-vegetarian holds the largest market share.
  • On the basis of the distribution channel, the market has been bifurcated into food services and retail stores. At present, retail stores account for the majority of market share.
  • Region-wise, Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others) exhibits a clear dominance in the market. Other major regions include North America (the United States and Canada), Europe (Germany, France, the United Kingdom, Italy, Russia, Spain, and others), Latin America (Brazil, Mexico, and others), and the Middle East and Africa.
  • The competitive landscape of the market has been examined in the report, with some of the key players being 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), and TRS Ltd.

Report Coverage:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Cuisine Types Covered American, Chinese, Japanese, Mexican, Italian, Others
Food Types Covered Vegetarian, Non-vegetarian
Distribution Channels Covered Food Services, Retail Stores
Regions Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered 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.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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Global Ethnic Foods Market to Reach US$ 110.4 Billion by 2032, Propelled by the Growing Multiculturism and Globalization
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