Ethnic Foods Market Size to Grow by USD 22.02 billion, Offline to be Largest Revenue-generating Distribution Channel Segment - Technavio

NEW YORK, Oct. 3, 2022 /PRNewswire/ -- According to the report "Ethnic Foods Market by Distribution Channel and Geography - Forecast and Analysis 2022-2026", the market will witness a YOY growth of 8.78% in 2022 and a CAGR of 10.15% during the forecast period. The market is segmented by distribution channel (offline and online) and geography (APAC, North America, Europe, the Middle East and Africa, and South America).

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By distribution channel, the offline segment will be the largest contributor to market growth during the forecast period. With the rise in disposable incomes rise and rapid urbanization, consumers are shifting from small convenience stores to supermarkets and hypermarkets.

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APAC will provide maximum growth opportunities in the ethnic foods market during the forecast period. According to our research, the region will contribute 40% of the global market growth. China and Japan are the two major countries in the ethnic foods market in APAC. The growth of the market in the region is attributed to factors such as the expansion of food retail businesses in emerging economies.

The ethnic foods market is fragmented, and the vendors are deploying organic and inorganic growth strategies to compete in the market. The report analyzes the market's competitive landscape and offers information on several market vendors, including:

• AJINOMOTO FOODS NORTH AMERICA INC.
• Aryzta AG
• Asli Fine Foods
• Associated British Foods Plc
• B and G Foods Inc.
• Beyond Meat Inc.
• Conagra Brands Inc.
• General Mills Inc.
• McCormick and Co. Inc.
• Mizkan Holdings Co. Ltd.
• Nestle SA
• Orkla ASA
• Pataks
• Paulig
• Surya Foods Online
• Tasty Bite Eatables Ltd.
• The Giggly Pig Co.
• The Spice Tailor Ltd.
• TRS Group UK Ltd.
• YUM Brands Inc.

View our FREE PDF Sample Report to find additional highlights on the growth strategies adopted by vendors and their product offerings

The increasing popularity of Italian cuisine is driving the ethnic foods market growth. The popularity of Italian dishes such as pasta and pizza is increasing among consumers. Moreover, some consumers make these dishes at home, which is increasing the sales of Italian sauces. These factors, in turn, will propel the growth of the market during the forecast period.

The fluctuating price of raw materials is challenging the ethnic foods market growth. Some of these raw materials include spices, herbs, olive oil, and other ingredients. The average global price of garlic increased in 2020 when compared to 2019. Similarly, the price of olive oil rose by 67.3% in 2021 when compared to 2020. Thus, fluctuating prices of raw materials are expected to influence the growth of the global ethnic foods market negatively during the forecast period.

Technavio has identified key trends, drivers, and challenges in the market, which will help vendors improve their strategies to stay ahead of their competitors. View our FREE PDF Sample Report

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1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Distribution Channel
• Exhibit 06: Executive Summary – Chart on Incremental Growth
• Exhibit 07: Executive Summary – Data Table on Incremental Growth
• Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 09: Parent market
• Exhibit 10: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 11: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 12: Market segments

• 3.3 Market size 2021

• 3.4 Market outlook: Forecast for 2021-2026 
• Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
• Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

• 4.1 Five forces summary 
• Exhibit 17: Five forces analysis - Comparison between 2021 and 2026

• 4.2 Bargaining power of buyers 
• Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

• 4.3 Bargaining power of suppliers 
• Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

• 4.4 Threat of new entrants 
• Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

• 4.5 Threat of substitutes 
• Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

• 4.6 Threat of rivalry 
• Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

• 4.7 Market condition 
• Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Distribution Channel

• 5.1 Market segments 
• Exhibit 24: Chart on Distribution Channel - Market share 2021-2026 (%)
• Exhibit 25: Data Table on Distribution Channel - Market share 2021-2026 (%)

• 5.2 Comparison by Distribution Channel 
• Exhibit 26: Chart on Comparison by Distribution Channel
• Exhibit 27: Data Table on Comparison by Distribution Channel

• 5.3 Offline - Market size and forecast 2021-2026 
• Exhibit 28: Chart on Offline - Market size and forecast 2021-2026 ($ million)
• Exhibit 29: Data Table on Offline - Market size and forecast 2021-2026 ($ million)
• Exhibit 30: Chart on Offline - Year-over-year growth 2021-2026 (%)
• Exhibit 31: Data Table on Offline - Year-over-year growth 2021-2026 (%)

• 5.4 Online - Market size and forecast 2021-2026
• Exhibit 32: Chart on Online - Market size and forecast 2021-2026 ($ million)
• Exhibit 33: Data Table on Online - Market size and forecast 2021-2026 ($ million)
• Exhibit 34: Chart on Online - Year-over-year growth 2021-2026 (%)
• Exhibit 35: Data Table on Online - Year-over-year growth 2021-2026 (%)

• 5.5 Market opportunity by Distribution Channel
• Exhibit 36: Market opportunity by Distribution Channel ($ million)

6 Customer Landscape

• 6.1 Customer landscape overview 
• Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

• 7.1 Geographic segmentation 
• Exhibit 38: Chart on Market share by geography 2021-2026 (%)
• Exhibit 39: Data Table on Market share by geography 2021-2026 (%)

• 7.2 Geographic comparison 
• Exhibit 40: Chart on Geographic comparison
• Exhibit 41: Data Table on Geographic comparison

• 7.3 APAC - Market size and forecast 2021-2026
• Exhibit 42: Chart on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 43: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 44: Chart on APAC - Year-over-year growth 2021-2026 (%)
• Exhibit 45: Data Table on APAC - Year-over-year growth 2021-2026 (%)

• 7.4 North America - Market size and forecast 2021-2026
• Exhibit 46: Chart on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 47: Data Table on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 48: Chart on North America - Year-over-year growth 2021-2026 (%)
• Exhibit 49: Data Table on North America - Year-over-year growth 2021-2026 (%)

• 7.5 Europe - Market size and forecast 2021-2026 
• Exhibit 50: Chart on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 51: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 52: Chart on Europe - Year-over-year growth 2021-2026 (%)
• Exhibit 53: Data Table on Europe - Year-over-year growth 2021-2026 (%)

• 7.6 Middle East and Africa - Market size and forecast 2021-2026 
• Exhibit 54: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 55: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 56: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
• Exhibit 57: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

• 7.7 South America - Market size and forecast 2021-2026
• Exhibit 58: Chart on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 59: Data Table on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 60: Chart on South America - Year-over-year growth 2021-2026 (%)
• Exhibit 61: Data Table on South America - Year-over-year growth 2021-2026 (%)

• 7.8 US - Market size and forecast 2021-2026
• Exhibit 62: Chart on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 63: Data Table on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
• Exhibit 65: Data Table on US - Year-over-year growth 2021-2026 (%)

• 7.9 China - Market size and forecast 2021-2026
• Exhibit 66: Chart on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 67: Data Table on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 68: Chart on China - Year-over-year growth 2021-2026 (%)
• Exhibit 69: Data Table on China - Year-over-year growth 2021-2026 (%)

• 7.10 Japan - Market size and forecast 2021-2026
• Exhibit 70: Chart on Japan - Market size and forecast 2021-2026 ($ million)
• Exhibit 71: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
• Exhibit 72: Chart on Japan - Year-over-year growth 2021-2026 (%)
• Exhibit 73: Data Table on Japan - Year-over-year growth 2021-2026 (%)

• 7.11 UK - Market size and forecast 2021-2026
• Exhibit 74: Chart on UK - Market size and forecast 2021-2026 ($ million)
• Exhibit 75: Data Table on UK - Market size and forecast 2021-2026 ($ million)
• Exhibit 76: Chart on UK - Year-over-year growth 2021-2026 (%)
• Exhibit 77: Data Table on UK - Year-over-year growth 2021-2026 (%)

• 7.12 Germany - Market size and forecast 2021-2026
• Exhibit 78: Chart on Germany - Market size and forecast 2021-2026 ($ million)
• Exhibit 79: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
• Exhibit 80: Chart on Germany - Year-over-year growth 2021-2026 (%)
• Exhibit 81: Data Table on Germany - Year-over-year growth 2021-2026 (%)

• 7.13 Market opportunity by geography 
• Exhibit 82: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

• 8.1 Market drivers

• 8.2 Market challenges

• 8.3 Impact of drivers and challenges 
• Exhibit 83: Impact of drivers and challenges in 2021 and 2026

• 8.4 Market trends

9 Vendor Landscape

• 9.1 Overview

• 9.2 Vendor landscape 
• Exhibit 84: Overview on Criticality of inputs and Factors of differentiation

• 9.3 Landscape disruption 
• Exhibit 85: Overview on factors of disruption

• 9.4 Industry risks 
• Exhibit 86: Impact of key risks on business

10 Vendor Analysis

• 10.1 Vendors covered 
• Exhibit 87: Vendors covered

• 10.2 Market positioning of vendors 
• Exhibit 88: Matrix on vendor position and classification

• 10.3 AJINOMOTO FOODS NORTH AMERICA INC. 
• Exhibit 89: AJINOMOTO FOODS NORTH AMERICA INC. - Overview
• Exhibit 90: AJINOMOTO FOODS NORTH AMERICA INC. - Product / Service
• Exhibit 91: AJINOMOTO FOODS NORTH AMERICA INC. - Key offerings

• 10.4 Aryzta AG 
• Exhibit 92: Aryzta AG - Overview
• Exhibit 93: Aryzta AG - Business segments
• Exhibit 94: Aryzta AG - Key offerings
• Exhibit 95: Aryzta AG - Segment focus

• 10.5 Asli Fine Foods 
• Exhibit 96: Asli Fine Foods - Overview
• Exhibit 97: Asli Fine Foods - Product / Service
• Exhibit 98: Asli Fine Foods - Key offerings

• 10.6 Associated British Foods Plc 
• Exhibit 99: Associated British Foods Plc - Overview
• Exhibit 100: Associated British Foods Plc - Business segments
• Exhibit 101: Associated British Foods Plc - Key offerings
• Exhibit 102: Associated British Foods Plc - Segment focus

• 10.7 Conagra Brands Inc. 
• Exhibit 103: Conagra Brands Inc. - Overview
• Exhibit 104: Conagra Brands Inc. - Business segments
• Exhibit 105: Conagra Brands Inc. - Key news
• Exhibit 106: Conagra Brands Inc. - Key offerings
• Exhibit 107: Conagra Brands Inc. - Segment focus

• 10.8 General Mills Inc. 
• Exhibit 108: General Mills Inc. - Overview
• Exhibit 109: General Mills Inc. - Business segments
• Exhibit 110: General Mills Inc. - Key news
• Exhibit 111: General Mills Inc. - Key offerings
• Exhibit 112: General Mills Inc. - Segment focus

• 10.9 McCormick and Co. Inc. 
• Exhibit 113: McCormick and Co. Inc. - Overview
• Exhibit 114: McCormick and Co. Inc. - Business segments
• Exhibit 115: McCormick and Co. Inc. - Key offerings
• Exhibit 116: McCormick and Co. Inc. - Segment focus

• 10.10 Orkla ASA 
• Exhibit 117: Orkla ASA - Overview
• Exhibit 118: Orkla ASA - Business segments
• Exhibit 119: Orkla ASA - Key news
• Exhibit 120: Orkla ASA - Key offerings
• Exhibit 121: Orkla ASA - Segment focus

• 10.11 Paulig 
• Exhibit 122: Paulig - Overview
• Exhibit 123: Paulig - Product / Service
• Exhibit 124: Paulig - Key offerings

• 10.12 The Spice Tailor Ltd. 
• Exhibit 125: The Spice Tailor Ltd. - Overview
• Exhibit 126: The Spice Tailor Ltd. - Product / Service
• Exhibit 127: The Spice Tailor Ltd. - Key offerings

11 Appendix

• 11.1 Scope of the report

• 11.2 Inclusions and exclusions checklist 
• Exhibit 128: Inclusions checklist
• Exhibit 129: Exclusions checklist

• 11.3 Currency conversion rates for US$ 
• Exhibit 130: Currency conversion rates for US$

• 11.4 Research methodology 
• Exhibit 131: Research methodology
• Exhibit 132: Validation techniques employed for market sizing
• Exhibit 133: Information sources

• 11.5 List of abbreviations 
• Exhibit 134: List of abbreviations

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. 

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SOURCE Technavio