The new Market Research Expert Report titled “Global Ethnic food market Price, Trends, Growth, Outlook, Report and Forecast 2021-2026 ‘, gives an in-depth analysis of the global ethnic foods market, assessing the market on the basis of its segments like culture, type, Distribution canals and major regions. The report follows the latest industry trends and studies their impact on the overall market. It also assesses market dynamics, covering key demand and price indicators, as well as market analysis based on Porter’s SWOT and Five Forces models.

Note 1: For an overview of primary and secondary market data (2016-2026), along with business strategies and detailed market segmentation, please click on sample demand report. The sample report will be delivered to you within 24 hours.

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The main highlights of the report include:

Market Overview (2016-2026)

• Forecast CAGR (2021-2026): 12%

The global ethnic food market is driven by the growth of the young population, coupled with a rapid tendency to eat out and regularly experiment with different dietary patterns between states and between countries, which has created a multitude of growth opportunities for ethnic food services.

During the forecast period, consumers increasingly use social media to share their culinary experiences, which allows them to explore new food choices based on shared comments. Consumers are deeply interested in learning on new culinary experiences, authentic regional and global cuisines will also have a positive impact on the growth of global demand for ethnic food.

Definition of the industry and main segments

Ethnic food refers to foods whose ingredients or preparation methods are influenced by the cultures of different countries. Ethnic food is derived from a particular group of people who then made their way onto the plates of society outside of where traditional food originates. for example, Thai sauce will be considered an ethnic food in the United States.

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By Culture, Global Ethnic Food Market Can Be Divided Into:

• American

• Chinese

• Japanese

• Mexican

• Italian

• Others

Depending on the type, the ethnic food market can be divided into:

• Food service

• Ready to eat

On the basis of distribution channels, the market can be divided into:

• Restaurants

• Stores

• Hypermarkets / Supermarkets

• Convenience stores

• Online stores

• Others

Market trends

Many processors are now placing more emphasis on the convenience factor, food quality, variations in cooking, and different packaging formats for environmentally friendly products. Due to increased capital investment in production organic, ethnic foods and increasing customer demand for nutritious ethnic foods, the market is expected to gain momentum during the forecast period. According to a study published by the Pew Research Center in 2017, there were 20 million Asian Americans in the United States in 2017, a 72% increase since 2000, making the Asian population the fastest growing in North America. Americans are eating more Asian food than ever, thanks to growing numbers of Asian Americans grocery chain stores. In 2017, iFresh, a Chinese supermarket chain in the United States, opened its tenth national location and its first Texas location in Houston, meeting the demand for ethnic food products from the country’s rapidly growing Asian population and the nation. Vietnamese community established.

Key market players

The main players in the market are Ajinomoto Co. Inc., McCormick & Company, Associated British Foods PLC, General Mills, Inc., Paulig Group and others. The report covers market shares, capacities, plant rotations, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.

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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are continuously monitoring the impact of this rapidly changing situation on markets and consumer buying behaviors. Thus, our latest estimates and analyzes on current market trends and forecasts will comprehensively reflect the effects of this emerging pandemic.

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