Technavio predicts that the Ethnic Foods Market will expand by USD 26.45 billion during the period from 2023 to 2028, reflecting a robust CAGR of 9.53%. The rising demand for ethnic foods can be attributed to evolving consumer tastes, particularly the growing preference for Western and international cuisines. Grocery stores, supermarkets, and convenience stores are crucial in driving market growth, providing consumers with easy access to a variety of ethnic food options. Mexican cuisine continues to gain popularity, particularly in the UK, where urbanization and immigration trends have boosted demand for ethnic food products. Additionally, while European ethnic foods such as Italian, Spanish, and French are already well-established, they continue to enjoy consistent demand. The ethnic foods market is thriving as consumers seek convenient and diverse meal options. Technavio's analysis indicates that these trends will fuel sustained growth in the market over the next several years, making it a promising sector for investment and innovation.

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