Compound annual growth rate

Compound Annual Growth Rate

Global Ethnic Food Market To Grow At A 10.3% CAGR By 2028

The Ethnic Food Market size is projected to reach USD 99.1 Billion by 2028 from an estimated USD 49.9 Billion in 2021 growing at a CAGR of 10.3% globally. Ethnic cuisine is traditionally prepared without...

With a Compound Annual Growth Rate (CAGR) of 10.3%, the Global Ethnic Food Market is set to experience significant growth by 2028. This market is expected to reach a size of USD 99.1 Billion, doubling from its estimated value in 2021. The rise in demand for ethnic foods is driving this growth, as consumers seek diverse and authentic culinary experiences.

As the Ethnic Food Market continues to expand, companies in the food industry have the opportunity to capitalize on this trend. By understanding and leveraging the Compound Annual Growth Rate, businesses can strategically position themselves to meet the evolving needs and preferences of consumers worldwide.