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Global Ethnic Foods Market: By Culture: American, Chinese, Japanese, Mexican, Italian, Others; By Type: Food Service, Ready-to-eat; By Distribution Channel, Restaurants, Stores; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics; Competitive Landscape; Industry Events and Developments
Global Ethnic Foods Market Outlook
The global ethnic foods market is expected to grow at a CAGR of 12% in the forecast period of 2021-2026.
Asia Pacific to Witness the Fastest Growing Region for Ethnic Food Market
The Asia Pacific region is anticipated to have the fastest growth rate in the ethnic food industry because of the increasing population and urbanization. The young generation has increasing disposable income and has to immigrate for better employment opportunities. This leads to a surge in the demand for their ethnic food cuisines. The westernization in nations such as India is changing the food habits of customers with many looking for different tastes. North America is also experiencing a substantial growth because of the strong demand for ethnic products like Asian sauce. The United States has witnessed a rise in the Asian population and many Asian cuisines such as Thai and Indians have captured the tastebuds of people.
Ethnic Foods: Industry Definition and Segmentation
Ethnic food is the term generally used for food where the ingredients or cooking techniques are based on different nation’s culture. The ethnic food is sourced from a particular group of people which later reached the plates of society outside the one where the particular traditional food originated. Thai sauce will hence be an ethnic food in the United States.
Based on the culture, ethnic foods are classified into:
- American
- Chinese
- Japanese
- Mexican
- Italian
- Others
On the basis of type, the industry is segmented into:
- Food Service
- Ready-to-eat
Based on the distribution channel, the market is segmented into:
- Restaurants
- Stores
The stores are further segmented into hypermarkets/supermarkets, convenience stores, and online stores, among others.
The regional markets for ethnic foods industry can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Growing Immigration is Boosting the Ethnic Foods Market
Globalization has brought the world closer. The increasing global employment opportunities have led to rising immigration across the world. The ethnic food market has capitalised on the huge demand generated by these immigrants who are looking for their local specialty. The social media has allowed consumers to share their different personal experiences. The trend of sharing the exotic food has augmented the demand for ethnic foods. The westernization has also changed the food experience of developing regions. People have started searching for new and innovative cuisines. This is providing impetus to the growth of ethnic foods industry.
Key Industry Players in the Ethnic Foods Market
The report gives a detailed analysis of the following key players in the ethnic foods market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Ajinomoto Co. Inc.
- McCormick & Company, Incorporated
- Associated British Foods PLC
- General Mills, Inc.
- Paulig Group
- Others
The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Ethnic Foods Market Analysis
8.1 Key Industry Highlights
8.2 Global Ethnic Foods Historical Market (2016-2020)
8.3 Global Ethnic Foods Market Forecast (2021-2026)
8.4 Global Ethnic Foods Market by Culture
8.4.1 American
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2016-2020)
8.4.1.3 Forecast Trend (2021-2026)
8.4.2 Chinese
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2016-2020)
8.4.2.3 Forecast Trend (2021-2026)
8.4.3 Japanese
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2016-2020)
8.4.3.3 Forecast Trend (2021-2026)
8.4.4 Mexican
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2016-2020)
8.4.4.3 Forecast Trend (2021-2026)
8.4.5 Italian
8.4.5.1 Market Share
8.4.5.2 Historical Trend (2016-2020)
8.4.5.3 Forecast Trend (2021-2026)
8.4.6 Others
8.5 Global Ethnic Foods Market by Type
8.5.1 Food Service
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2016-2020)
8.5.1.3 Forecast Trend (2021-2026)
8.5.2 Ready-to-eat
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2016-2020)
8.5.2.3 Forecast Trend (2021-2026)
8.6 Global Ethnic Foods Market by Distribution Channel
8.6.1 Restaurants
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2016-2020)
8.6.1.3 Forecast Trend (2021-2026)
8.6.2 Stores
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2016-2020)
8.6.2.3 Forecast Trend (2021-2026)
8.6.2.4 By Type
8.6.2.4.1 Hypermarkets/Supermarkets
8.6.2.4.1.1 Market Share
8.6.2.4.1.2 Historical Trend (2016-2020)
8.6.2.4.1.3 Forecast Trend (2021-2026)
8.6.2.4.2 Convenience Stores
8.6.2.4.2.1 Market Share
8.6.2.4.2.2 Historical Trend (2016-2020)
8.6.2.4.2.3 Forecast Trend (2021-2026)
8.6.2.4.3 Online Stores
8.6.2.4.3.1 Market Share
8.6.2.4.3.2 Historical Trend (2016-2020)
8.6.2.4.3.3 Forecast Trend (2021-2026)
8.6.2.4.4 Others
8.7 Global Ethnic Foods Market by Region
8.7.1 Market Share
8.7.1.1 North America
8.7.1.2 Europe
8.7.1.3 Asia Pacific
8.7.1.4 Latin America
8.7.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2016-2020)
9.1.2 Forecast Trend (2021-2026)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2016-2020)
9.2.2 Forecast Trend (2021-2026)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2016-2020)
9.3.2 Forecast Trend (2021-2026)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2016-2020)
9.4.2 Forecast Trend (2021-2026)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2016-2020)
9.5.2 Forecast Trend (2021-2026)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 EMR’s Key Indicators for Demand
10.4 EMR’s Key Indicators for Price
11 Competitive Landscape
11.1 Market Structure
11.2 Company Profiles
11.2.1 Ajinomoto Co. Inc.
11.2.1.1 Company Overview
11.2.1.2 Product Portfolio
11.2.1.3 Demographic Reach and Achievements
11.2.1.4 Certifications
11.2.2 McCormick & Company, Incorporated
11.2.2.1 Company Overview
11.2.2.2 Product Portfolio
11.2.2.3 Demographic Reach and Achievements
11.2.2.4 Certifications
11.2.3 Associated British Foods PLC
11.2.3.1 Company Overview
11.2.3.2 Product Portfolio
11.2.3.3 Demographic Reach and Achievements
11.2.3.4 Certifications
11.2.4 General Mills, Inc.
11.2.4.1 Company Overview
11.2.4.2 Product Portfolio
11.2.4.3 Demographic Reach and Achievements
11.2.4.4 Certifications
11.2.5 Paulig Group
11.2.5.1 Company Overview
11.2.5.2 Product Portfolio
11.2.5.3 Demographic Reach and Achievements
11.2.5.4 Certifications
11.2.6 Others
12 Industry Events and Developments
List of Figures and Tables
1. Global Ethnic Foods Market: Key Industry Highlights, 2016 and 2026
2. Global Ethnic Foods Historical Market: Breakup by Culture (USD Billion), 2016-2020
3. Global Ethnic Foods Market Forecast: Breakup by Culture (USD Billion), 2021-2026
4. Global Ethnic Foods Historical Market: Breakup by Type (USD Billion), 2016-2020
5. Global Ethnic Foods Market Forecast: Breakup by Type (USD Billion), 2021-2026
6. Global Ethnic Foods Historical Market: Breakup by Distribution Channel (USD Billion), 2016-2020
7. Global Ethnic Foods Market Forecast: Breakup by Distribution Channel (USD Billion), 2021-2026
8. Global Ethnic Foods Historical Market: Breakup by Region (USD Billion), 2016-2020
9. Global Ethnic Foods Market Forecast: Breakup by Region (USD Billion), 2021-2026
10. North America Ethnic Foods Historical Market: Breakup by Country (USD Billion), 2016-2020
11. North America Ethnic Foods Market Forecast: Breakup by Country (USD Billion), 2021-2026
12. Europe Ethnic Foods Historical Market: Breakup by Country (USD Billion), 2016-2020
13. Europe Ethnic Foods Market Forecast: Breakup by Country (USD Billion), 2021-2026
14. Asia Pacific Ethnic Foods Historical Market: Breakup by Country (USD Billion), 2016-2020
15. Asia Pacific Ethnic Foods Market Forecast: Breakup by Country (USD Billion), 2021-2026
16. Latin America Ethnic Foods Historical Market: Breakup by Country (USD Billion), 2016-2020
17. Latin America Ethnic Foods Market Forecast: Breakup by Country (USD Billion), 2021-2026
18. Middle East and Africa Ethnic Foods Historical Market: Breakup by Country (USD Billion), 2016-2020
19. Middle East and Africa Ethnic Foods Market Forecast: Breakup by Country (USD Billion), 2021-2026
20. Global Ethnic Foods Market Structure
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