Tag: ethnic foods

Ethnic Food Market Boosted by Younger Consumers, Those with Children

Young Americans and those with children are the most likely to prepare ethnic foods at home. Some nine in 10 adults aged 25-to-34-years-old say they prepared ethnic food at home in the past month versus only 68% of those 65+, according to new research by Mintel. The ethnic food market is forecast to grow by 20.3% from 2012–17, likely driven by continued consumer interest and more focused product development.

Ethnic Foods Becoming Increasingly More Popular, New Products Driving Sales

With an expanding ethnic population calling the US ‘home', a new Mintel report shows sales of ethnic foods have climbed steadily since 2004, set to reach a record high of $2.2 billion in 2009. In addition, Mintel forecasts solid growth of nearly 20% from 2010–14. Mexican/Hispanic foods represent the largest segment of the ethnic foods market with nearly two-thirds (62%) of sales. However, it's the Asian and Indian food segments that are driving the market's growth, with 11% and 35% growth, respectively, from 2006-08. A resurgence in cooking and product innovation are helping to drive sales.