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The global hispanic food market size reached a value of approximately USD 241.46 billion in 2023. The market is further expected to grow at a CAGR of 7.6% between 2024 and 2032, reaching a value of USD 467.14 billion by 2032.
Hispanic food refers to the cuisine and food dishes from Spanish-speaking nations in South America, Central America, and the Caribbean, including Puerto Rico, Mexico, and Spain. They encompass unique regional recipes and are growing in popularity worldwide, with a variety of flavours and textures used for vegetarian and non-vegetarian preparations.
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On the basis of type, the market is divided into Tex-Mex cuisine, refried beans, burritos, tacos, salsa, tortilla, and chilaquiles, among others. Based on region, the market is segmented into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter’s five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global Hispanic food market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
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Tacos are anticipated to account for a significant portion of the market for Hispanic foods over the forecast period. This is due to the versatile nature of the tacos that allows the consumer to opt for their preferred type of filling. Tacos can be filled with meat and seafood as well as with vegetarian and vegan fillings such as potatoes, beans, and rice, among others, keeping in line according to the various dietary restrictions. Furthermore, tacos are relatively simple to prepare, and flavours can be adjusted to suit the consumer.
North America is projected to witness significant growth in the market for Hispanic food over the upcoming years, this growth can be attributed to immigration from Hispanic regions and widespread likeability of the food. Many of the Hispanic dishes can be cooked on a budget with affordable ingredients, this in turn is booting the Hispanic food market in North America. Additionally, Hispanic dishes offer various health advantages such as lower glucose and blood cholesterol levels, are excellent sources of unsaturated fats, and help in relieving and managing congestion of allergies and the common cold.
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AmigoFoods is one of the world’s largest online grocery stores offering a wide range of freshly grown and hard to find foods and beverages. They were founded in 1912 and are headquartered in Florida, United States.
Campbell Soup Company is a food and beverage company that was established in 1869 and is based in New Jersey, United States. This brand powerhouse focuses on two major divisions; snacks, and meals and beverages.
B&G Foods Inc. is a food and beverage services company that was founded in 1889 and is headquartered in New Jersey, United States. Their diverse family of brands includes a wide range of products, from snacks to spices.
Other market players include Conagra Brands Inc., Taco Bell IP Holder, LLC, Patron Mexican Bar and Grill, The Kraft Heinz Co., YUM Brands Inc, Food Concepts International (Abuelo), and PepsiCo, Inc., among others.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Food Type |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
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 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Hispanic Food Market Analysis
8.1 Key Industry Highlights
8.2 Global Hispanic Food Historical Market (2018-2023)
8.3 Global Hispanic Food Market Forecast (2024-2032)
8.4 Global Hispanic Food Market by Food Type
8.4.1 Tex-Mex Cuisine
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2023)
8.4.1.3 Forecast Trend (2024-2032)
8.4.2 Refried Beans
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2023)
8.4.2.3 Forecast Trend (2024-2032)
8.4.3 Burritos
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2023)
8.4.3.3 Forecast Trend (2024-2032)
8.4.4 Tacos
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2018-2023)
8.4.4.3 Forecast Trend (2024-2032)
8.4.5 Salsa
8.4.5.1 Market Share
8.4.5.2 Historical Trend (2018-2023)
8.4.5.3 Forecast Trend (2024-2032)
8.4.6 Tortilla
8.4.6.1 Market Share
8.4.6.2 Historical Trend (2018-2023)
8.4.6.3 Forecast Trend (2024-2032)
8.4.7 Chilaquiles
8.4.7.1 Market Share
8.4.7.2 Historical Trend (2018-2023)
8.4.7.3 Forecast Trend (2024-2032)
8.4.8 Others
8.5 Global Hispanic Food Market by Region
8.5.1 North America
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2023)
8.5.1.3 Forecast Trend (2024-2032)
8.5.2 Europe
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2023)
8.5.2.3 Forecast Trend (2024-2032)
8.5.3 Asia Pacific
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2023)
8.5.3.3 Forecast Trend (2024-2032)
8.5.4 Latin America
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2023)
8.5.4.3 Forecast Trend (2024-2032)
8.5.5 Middle East and Africa
8.5.5.1 Market Share
8.5.5.2 Historical Trend (2018-2023)
8.5.5.3 Forecast Trend (2024-2032)
9 North America Hispanic Food Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2023)
9.1.3 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2023)
9.2.3 Forecast Trend (2024-2032)
10 Europe Hispanic Food Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2023)
10.1.3 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2023)
10.2.3 Forecast Trend (2024-2032)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2023)
10.3.3 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2023)
10.4.3 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Hispanic Food Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2023)
11.1.3 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2023)
11.2.3 Forecast Trend (2024-2032)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2023)
11.3.3 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2023)
11.4.3 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2023)
11.5.3 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Hispanic Food Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2023)
12.1.3 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2023)
12.2.3 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2023)
12.3.3 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Hispanic Food Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2023)
13.1.3 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2023)
13.2.3 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2023)
13.3.3 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2023)
13.4.3 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 AmigoFoods
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Campbell Soup Company
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 B&G Foods Inc.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Conagra Brands Inc.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Taco Bell IP Holder, LLC
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Patron Mexican Bar and Grill
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 The Kraft Heinz Co.
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 YUM Brands Inc
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Food Concepts International (Abuelo)
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 PepsiCo, Inc.
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Hispanic Food Market: Key Industry Highlights, 2018 and 2032
2. Global Hispanic Food Historical Market: Breakup by Food Type (USD Million), 2018-2023
3. Global Hispanic Food Market Forecast: Breakup by Food Type (USD Million), 2024-2032
4. Global Hispanic Food Historical Market: Breakup by Region (USD Million), 2018-2023
5. Global Hispanic Food Market Forecast: Breakup by Region (USD Million), 2024-2032
6. North America Hispanic Food Historical Market: Breakup by Country (USD Million), 2018-2023
7. North America Hispanic Food Market Forecast: Breakup by Country (USD Million), 2024-2032
8. Europe Hispanic Food Historical Market: Breakup by Country (USD Million), 2018-2023
9. Europe Hispanic Food Market Forecast: Breakup by Country (USD Million), 2024-2032
10. Asia Pacific Hispanic Food Historical Market: Breakup by Country (USD Million), 2018-2023
11. Asia Pacific Hispanic Food Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Latin America Hispanic Food Historical Market: Breakup by Country (USD Million), 2018-2023
13. Latin America Hispanic Food Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Middle East and Africa Hispanic Food Historical Market: Breakup by Country (USD Million), 2018-2023
15. Middle East and Africa Hispanic Food Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Global Hispanic Food Market Structure
The market size reached a value of approximately USD 241.46 billion in 2023.
The market is expected to grow at a CAGR of 7.6% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 467.14 billion by 2032.
The major market drivers include growing popularity of ethnic fusion, various nutritional benefits offered by the Hispanic dishes, and expansion of Hispanic food fast food chains.
The key trends fuelling the growth of the market include growing demand for convenient and easy to cook meals and increasing popularity of Hispanic foods on social media.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Hispanic dishes contain some of the most unique and delicious flavours and are spice dominated with various kinds of chillies.
The key players in the Hispanic food market are AmigoFoods, Campbell Soup Company, B&G Foods Inc., Conagra Brands Inc., Taco Bell IP Holder, LLC, Patron Mexican Bar and Grill, The Kraft Heinz Co., YUM Brands Inc, Food Concepts International (Abuelo), and PepsiCo, Inc., among others.
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