Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Ethnic Food Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
What Is the Projected Market Size of the Ethnic Food Industry in 2024 and 2025?
The ethnic food market size has grown strongly in recent years. It will grow from $57.62 billion in 2024 to $62.94 billion in 2025 at a compound annual growth rate (CAGR) of 9.2%. The growth in the historic period can be attributed to cultural diversity and migration, urbanization and lifestyle changes, social media and food trends, restaurant and street food culture, health and wellness awareness, culinary education and exposure.
What Is the Projected Market Size of the Ethnic Food Market in 2029?
The Ethnic Food Global Market is expected to reach a market size of $96.15 billion in 2029, with a forecasted compound annual growth rate (CAGR) of 11.2%.
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What Are the Key Drivers of Ethnic Food Market Growth?
The key drivers in the ethnic food market are:
• Surge in global immigration rates
• Increased demand for homeland food by immigrants
• Immigration for various reasons such as job opportunities and education
• Escaping from violent conflicts leading to immigration
What Are the Primary Segmentation Categories in the Ethnic Food Market?
The ethnic foodmarket covered in this report is segmented –
1) By Food Type: Veg, Non-Veg
2) By Culture: American, Chinese, Japanese, Mexican, Italian, Other Cultures
3) By Distribution: Supermarkets Or Hypermarkets, Convenience Stores, Online Retail Channels, Other Distribution Channels
4) By Application: Restaurant, Household
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What Are the Major Trends Shaping the Ethnic Food Market in 2025 and Beyond?
The key trends in the ethnic food market are:
• Business expansion through the introduction of new products and into new markets is emerging as a key trend in the ethnic food market.
• Companies in the ethnic food market are increasingly opting for diversification to expand their business opportunities.
• There is a growing trend of increasing revenue streams by launching new product developments in the ethnic food market.
• Enhancing brand position by emphasizing authenticity and cultural heritage is gaining popularity in the ethnic food market.
Who Are the Emerging Players in the Ethnic Food Market?
Major players in the ethnic food market are:
• Nestlé S.A.
• Associated British Foods plc
• General Mills Inc.
• Taco Bell Corp.
• Conagra Brands Inc.
• Ajinomoto Co. Inc.
• ITC Limited
• McCormick & Company Incorporated
• MTR Foods Pvt Ltd
• Kikkoman Corporation
• House Foods Group Inc.
• Aryzta AG
• B&G Foods Holdings Corp.
• Haldiram Manufacturing Co. Pvt. Ltd.
• Goya Foods Inc.
• GraceKennedy Group
• S&B Foods Inc.
• Amy's Kitchen Inc.
• Santa Maria AB
• East End Foods plc
• Surya Foods Ltd.
• Leathams Limited
• Kawan Food Manufacturing Sdn Bhd
• Tasty Bite Eatables Ltd.
• Tilda Limited
• TRS Foods Ltd.
• Natco Foods Ltd.
• Wanis International Foods Limited
• Frontera Foods Inc.
• Asli Fine Foods Limited
Which Regions Are Leading the Growth in the Global Ethnic Food Market?
Asia-Pacific was the largest region in the ethnic food market in 2024
