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Hispanic Food Market

Global Hispanic Food Market Size, Share, Growth, Analysis, Trends, Forecast: By Food Type: Tex-Mex Cuisine, Refried Beans, Burritos, Tacos, Salsa, Tortilla, Chilaquiles, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; Key Trends and Developments in the Market; 2024-2032

Global Hispanic Food Market Outlook

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.

 

Key Trends in the Market

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.

 

Global Hispanic Food Market

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  • The consumption of Hispanic foods is rising due to the growing knowledge about the various health benefits offered by the Hispanic dishes. Many of the food products are good sources of vitamins and minerals, proteins, soluble fibre, and capsaicin, among others.
  • The key Hispanic food market trends include growing requirement for convenient and easy to cook meal solutions due to hectic work schedules. The popularity of Hispanic foods is therefore increasing as various Hispanic dishes are relatively easy to cook and do not require much preparation.
  • Increasing popularity of Hispanic foods on social media platforms such as TikTok and Instagram is also expected to boost the Hispanic food market growth over the forecast period. Food bloggers and influencers are increasingly becoming interested in the cuisine due to its highly flavourful dishes.

 

Hispanic Food Market Analysis

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.

 

Global Hispanic Food Market

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  • 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)
  • PepsiCo, Inc.
  • Others

 

Global Hispanic Food Market Share by Type

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.

 

Global Hispanic Food Market Share by Region

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.

 

Global Hispanic Food Market

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Competitive Landscape

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.

 

Key Highlights of the Report

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:

  • Food Type
  • Region
Breakup by Food Type
  • Tex-Mex Cuisine
  • Refried Beans
  • Burritos
  • Tacos
  • Salsa
  • Tortilla
  • Chilaquiles
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • 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)
  • PepsiCo, Inc.
  • Others

 

*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

Key Questions Answered in the Report

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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