Compound annual growth rate

Compound Annual Growth Rate

Compound Annual Growth Rate (CAGR) is a measure of the rate of return on an investment over a specific period of time. It is calculated by taking the ending value of the investment and dividing it by the beginning value, then taking the nth root of the result, where n is the number of years in the period. CAGR is important because it provides a more accurate representation of investment performance than simple annual returns.

The Ethnic Food Market

The Ethnic Food Market is projected to grow at a CAGR of 10.3% globally, reaching a size of USD 99.1 billion by 2028. This growth is driven by increasing demand for ethnic cuisine, which is traditionally prepared without the use of artificial additives or preservatives. The market is also being fueled by the rise of e-commerce, which has made it easier for consumers to access a wider variety of ethnic foods.

Growth and Trends

The Ethnic Food Market is expected to continue growing in the coming years, with a focus on healthy and sustainable options. Consumers are increasingly seeking out foods that are not only delicious, but also good for their health and the environment. This has led to a rise in plant-based and organic options, as well as a greater emphasis on locally-sourced ingredients. As the market continues to evolve, it will be important for companies to stay ahead of these trends in order to remain competitive.