Ethnic Foods Market by Culture (Chinese, Japanese, Mexican, Thai, Others) and Application (Restaurant and Household): Global Opportunity Analysis and Industry Forecast
PORTLAND, OR, USA, December 30, 2021 /EINPresswire.com/ – Ethnic food is traditionally prepared without adulterants, colors or flavors. Ethnic foods are used to classify foods based on different national cultures and local presence of food. It offers customers the satisfaction of eating specific foods from their own country while living in another country. These cuisines are demanded and preferred by the majority of the world’s population, thus increasing the market base. In different countries, consumers have adequate knowledge of foods and their benefits, and they are encouraged to have foods that are highly nutritious and have the desired taste and texture. Due to the development and innovation of taste among people, restaurant chains serving ethnic foods are increasingly diversifying their catering facilities by preparing different types of ethnic cuisine.
Ajinomoto Foods, Aryzta AG, Associated British Foods PLC, MTR Foods, Natco Foods, Santa Maria UK Ltd., Wanis International Food, Asli Fine Foods, TRS Ltd. and Tasty Bites.
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COVID-19 scenario analysis
The outbreak of the COVID-19 pandemic has dramatically reduced demand for ethnic food, due to the closure of all restaurants.
The increasing demand for ready-to-eat food products by consumers is positively impacting the growth of the ethnic food market.
In many countries, industries are closed, thus, the production of ethnic food products has declined considerably, due to the imposed restriction on the movement of labor and the unavailability of raw materials.
The supply chain of the ethnic food market has been disrupted due to trade barriers.
Main impact factors: analysis of market scenarios, trends, drivers and impact analysis
The use of wood pulp in the manufacture of furniture and the production of soft parts used in the residential sector has given a boost to the growth of the market.
Rising global demand for tissue paper, which is mainly used in kitchens, toilets and households, is expected to drive the growth of the wood pulp market during the forecast period.
Strict environmental regulations regarding tree planting globally, however, could affect the growth of the wood pulp market in the years to come. In the short term, the growth of the wood pulp market may also be constrained in terms of deforestation and increased energy and transportation costs.
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Global market trends are as follows:
Many leading fast food chains serve items containing wood pulp. In grated cheese, fish fillet patties, sausages, tortillas, onion rings, pancakes and even milkshakes, wood pulp additives are often present. Cellulose adds texture, thickens and stabilizes foods with complementary chemicals, and is safe for human consumption. Without it, the ice cream would melt faster.
Some bath towels are made from a wood pulp byproduct known as rayon. Rayon is very absorbent, soft and comfortable on the skin but does not isolate body heat – ideal for use in hot and humid climates. Wet wipes are also frequently made with rayon, as it allows each sheet to contain a liquid disinfectant while retaining its texture and shape.
The growing demand for wood pulp packaging is believed to be putting significant pressure on the pulp industry supply chains. In addition, the growing backlash against plastic consumption has put wood pulp packaging in the spotlight where products such as paper and cardboard have a major stake in the global pulp market.
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Canada is the largest producer of wood pulp in the world due to the presence of coniferous forests which provide the raw material for the paper industry. Due to rising production costs and increased competition from pulp and paper producers, few Canadian paper mills have faced challenges, leading to conversions and pulp and paper mill closures.
Main advantages of the report
This study presents the analytical description of the ethnic food industry along with current trends and future estimates to determine impending pockets of investment.
The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the Ethnic Foods market share.
The current market is quantitatively analyzed from 2020 to 2027 to highlight the global growth scenario of ethnic food.
Porter’s Five Forces Analysis illustrates the power of buyers and suppliers in the marketplace.
The report provides a detailed analysis of the market based on the competitive intensity and how the competition will shape in the coming years.
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