Ethnic Food Market to Rise at 7.43% CAGR over 2025 to 2032; Nestle Extends Life Cuisine Meals Lineup to Strengthen Industry Foothold

The global ethnic food market size was valued at USD 86.90 billion in 2024. The market is projected to grow from USD 92.76 billion in 2025 to USD 153.21 billion by 2032, exhibiting a CAGR of 7.43% during the forecast period. The expansion is driven by growing innovation in the frozen and packaged foods sector. Additional factor fueling industry expansion is the rising development of new products by industry players. Fortune Business Insights™ presents this information in its report titled “Ethnic Food Market Size, Share & Industry Analysis, By Cuisine Type (Asian, Italian, Mexican, and Others), By Food Type (Veg and Non-Veg), By Distribution Channel (Hypermarkets/Supermarkets, Convenience Stores, Grocery Stores, and Online Sales Channels), and Regional Forecast, 2025 – 2032”.

COVID-19 Pandemic Impacted Industry Expansion Driven by Production Halt

The pandemic period recorded an impact on the export and production of ethnic food in the Asia Pacific region. The crisis resulted in a halt on production activities, impacting production levels to a considerable extent. Furthermore, there was a change in consumer preference for healthy food options.

Nestle Expands Life Cuisine Meals Lineup to Secure Competitive Edge

In April 2021, Nestle SA shared plans for the expansion of its Life Cuisine Meals lineup. The solutions were designed for catering to various dietary lifestyles.

The Life Cuisine brand was first launched by Nestle in April 2020. Some of the products launched then included egg bites, frozen bowls, and pizzas catering to four preferences, including meatless, low-carb, high-protein, and gluten-free.

Industry Value to Rise Driven by Increase in Online Sales

The ethnic food market growth is being propelled by the spread of online sales channels and increasing online purchases. Besides, there is a soaring demand for Asian food products such as Indian, Chinese, Thai, and Vietnamese cuisine.

However, the rising demand for completely natural products from consumers may hamper industry expansion to a considerable extent.

To get a detailed report summary and research scope of this market, click here:

https://www.fortunebusinessinsights.com/ethnic-foods-market-102264

Pivotal Players Strike Partnership Deals to Strengthen Industry Footing

Leading industry players are depicting an active interest in research activities and the development of new products. Besides, many companies are entering partnership deals, collaborations, and partnership agreements for strengthening the positions of their businesses. Other initiatives comprise escalating participation in trade conferences.

Key Players Profiled:

• Ajinomoto Co. Inc. (Japan)
• Associated British Foods PLC (U.K.)
• McCormick & Company Inc. (U.S.)
• MTR Foods (India)
• Nestle S.A. (Switzerland)
• General Mills (U.S.)
• Conagra Brands Inc. (U.S.)
• Tasty Bite Edibles Pvt. Ltd. (India)
• Taco Bell (U.S.)
• B&G Foods (U.S.)

Notable Industry Development

• February 2023 – Nestle announced plans for exhibiting its products at the Natural Products Expo West 2023. At the Anaheim-held event, the company intended to showcase over 35 products.

Further Report Findings

•  The Asia Pacific ethnic food market share is anticipated to grow at a considerable pace over the projected period. The growth is impelled by the increasing adoption of ethnic ingredients in the cuisine of various countries.
• The Europe market is poised to register substantial expansion over the study period. The expansion is being propelled by the steady demand for various ethnic products in the region.
• By cuisine type, the market for ethnic food is subdivided into Mexican, Asian, Italian, and others. The Asian segment is slated to exhibit lucrative growth over the anticipated period. The rise is driven by the escalating adoption of the product in various countries.
• Based on food type, the market is segmented into veg and non-veg. The non-veg segment is anticipated to register substantial expansion throughout the study period. The surge is due to the increasing product demand in European, North American, South American, Chinese, and Middle Eastern households. 

 Table of Segmentation