PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1372052
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1372052
According to Stratistics MRC, the Global Ethnic Food Market is accounted for $83.69 billion in 2023 and is expected to reach $153.7 billion by 2030 growing at a CAGR of 9.1% during the forecast period. Ethnic dishes are defined as meals made with materials from local plants and animals that reflect an ethnic group's customs and way of life. The ethnic dish comes from a certain population that was later consumed by individuals living in societies other than the one from which it initially came. The diverse tastes and preferences of different cultures are reflected in the great variety of flavors, ingredients, cooking methods, and presentation styles that they use.
According to the World Economic Forum, there are an estimated 272 million international migrants, which makes up to 3.5% of the world's population.
Rising cultural variety and globalization are two major factors driving the market for ethnic foods globally. People are exposed to more international cuisines as civilizations become more connected through travel, immigration, and digital communication. Increased appreciation for the authenticity and distinctiveness of ethnic foods results from this exposure. A more adventurous and responsive approach to food has emerged from the globalization of tastes, which has considerably fuelled the growth of the market for ethnic dishes.
Consumers are becoming more aware of the benefits of eating natural foods. Food products from ethnic groups usually travel from one country to another, necessitating the use of some edible chemical preservatives. However, as the use of natural ingredients in food products becomes increasingly common, ethnic categories may run into difficulties when trying to preserve their products for a longer period of time. Additionally, it takes time for the goods to arrive at their destination because the sea is the primary mode of transportation globally. In these circumstances, it might not always be feasible to employ natural ingredients to maintain the products' long shelf lives. Local manufacturers must collaborate with some international companies to get over these obstacles. It might be challenging to switch from chemical chemicals to natural ingredients given the number of small and local businesses, which could hinder the growth of the worldwide market.
Ethnic cuisine offers opportunities for culinary education and professional development. Numerous institutes and culinary schools provide specialized programs and courses centered on particular ethnic cuisines. With these classes, aspiring cooks and food enthusiasts can discover and perfect the methods and flavors used to prepare different ethnic meals. The emphasis on fresh, whole ingredients, herbs, and spices in many ethnic cuisines is recognized as offering delicious and nutritious meals. With the growing emphasis on health and wellness, ethnic cuisine can offer a chance to experiment with and implement healthier eating practices. A healthy and diverse diet can benefit from including ingredients like legumes, grains, vegetables, and herbs that frequently appear in ethnic cuisines.
The risk of cultural appropriation is one of the biggest concerns for ethnic cuisine. When elements from a minority culture are introduced into the dominant culture without due understanding, respect, or acknowledgment, this is referred to as cultural appropriation. As a result, traditional foods, ingredients, or cooking methods may be altered or distorted, which is hurtful and disrespectful to the group from which they originate. Ethnic cuisine may include unusual ingredients, unusual ways of cooking, and traditional cooking methods that require skill, knowledge, and adherence to strict guidelines for food safety and sanitation. The improper handling, storage, or cooking of several ethnic foods can result in illnesses caused by food. To reduce these risks, it is essential to ensure enough training and education in food safety.
People who had previously enjoyed dining out had to stay at home for their safety during the epidemic. But because of the pandemic's rising need for low-fat and low-calorie foods, customer tastes for healthy options have shifted. As a result, after the COVID-19 epidemic, there is a greater demand for ethnic food, and producers have seized the opportunity to introduce new items to the market.
The Chinese segment is estimated to hold the largest share. Chinese food is a favorite among diners looking for elegant and cozy eating experiences since it is perceived as both delicious and calming. Its appeal can be attributed to the umami-rich flavors, a variety of cooking techniques, and a vast range of meals, from dim sum to Sichuan hotpot. The desire for Chinese cuisine, which frequently features an abundance of vegetable-based meals, has also been fueled by the increasing acceptance of vegetarian and plant-based diets. Additionally, the rise in Chinese restaurants and culinary products across the world has also been attributed to the Chinese diaspora and the increasing acceptance of authentic Chinese cuisines abroad, which has increased demand.
The non-vegetarian segment is anticipated to have lucrative growth during the forecast period. The rich and varied flavors that exist in non-vegetarian dishes, such as the savoury spices in Indian curries or the succulent meats in Middle Eastern kebabs, offer a unique and decadent taste experience that appeals to customers seeking bold and satisfying flavors. This is what drives the demand for non-vegetarian ethnic foods. Additionally, there has been a rise in consumption as a result of the emphasis on protein-rich diets and the idea that non-vegetarian choices are a good source of high-quality protein. In addition, consumer interest in trying new and authentic meat-based dishes from around the world, as well as the influence of travel and food media contributes to the rise in demand for non-vegetarian ethnic foods.
Asia Pacific commanded the largest market share during the extrapolated period owing to the increasing population and urbanization. The younger generation must immigrate for greater career possibilities, as they have greater financial freedom. The demand for their ethnic foods soars as a result. Customers' eating habits are evolving as a result of the westernization of countries like India, where numerous individuals are seeking out new flavors. Due to the high demand for ethnic products like Asian sauce, North America is also seeing significant growth. The Asian population in the United States has increased, and multiple Asian cuisines, including Thai and Indian, have captured people's appetites.
North America is expected to witness profitable growth over the projection period, due to increased tourism and immigration pollution this area will grow rapidly over the course of the forecast period. Markets like those in the United States and Canada are very interested in ethnic meals. Mexican food is the most commonly eaten ethnic cuisine in the US. The demand for Mexican ethnic food is increasing due to the growing Mexican population and increased interest in Mexican cuisine. The marketplace in this region is growing as a result of shifting eating patterns and escalating demand for foods with healthful, ethnic, and uncommon flavors.
Some of the key players in the Ethnic Food Market include: Paulig Group, General Mills, Inc., McCormick & Company, Incorporated, Associated British Foods PLC, Associated British Foods PLC, Ajinomoto Co. Inc., Charlie Bigham, Asli Fine Foods, Conagra Brands Inc., Aryzta AG, YUM Brands Inc., Capital Foods, Giggly Pig Co., Spice Tailor Ltd., Tasty Bite Eatables Ltd., Surya Foods Online and Nestle SA.
In August 2023, General Mills announced the launch of the DJ Carmella Creeper, adding to the Monsters Cereals lineup, with a "Monster Mash Remix" song and limited-edition merchandise ahead of Halloween.
In April 2023, Paulig PRO introduced Santa Maria Snack Bases, innovative pellets that expand when cooked to create crispy Corn Cones and Lentil Waves, allowing establishments to offer customizable, signature snacks in less than a minute to cater to the growing demand for out-of-home snacking experiences.
In January 2023, Santa Maria, a Paulig-owned brand, relaunched and expanded its spice blends range, introducing new flavors like Korean BBQ, Sriracha, Curry Red, Wok spice, and Five spice to simplify and diversify everyday cooking, catering to consumers seeking new taste experiences.