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Global Kimchi Market – Industry Trends and Forecast to 2029

  • Food & Beverage
  • Upcoming Report
  • Jun 2022
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Kimchi Market, By Type (BAECHU KIMCHI (Cabbage Kimchi), DONGCHIMI (Radish Water Kimchi), KKAKDUGI (Cubed Radish Kimchi), Pa Kimchi (Green Onion Kimchi), Oi Sobagi (Stuffed Cucumber Kimchi)), Application (Households, Commercial), Product (Conventional Kimchi, Organic Kimchi), – Industry Trends and Forecast to 2029

 

Kimchi Market

Market Analysis and Size

Consumers around the world are looking for new and sensory products rather than traditional staple foods, which is expected to fuel the growth of the global kimchi market.

Data Bridge Market Research analyses that the kimchi market was valued at USD 3323 million in 2021 and is expected to reach the value of USD 4909.58 million by 2029, at a CAGR of 5.00% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and consumer behaviour.

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2022 to 2029

Base Year

2021

Historic Years

2020 (Customizable to 2014 - 2019)

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

Type (BAECHU KIMCHI (Cabbage Kimchi), DONGCHIMI (Radish Water Kimchi), KKAKDUGI (Cubed Radish Kimchi), Pa Kimchi (Green Onion Kimchi), Oi Sobagi (Stuffed Cucumber Kimchi)), Application (Households, Commercial), Product (Conventional Kimchi, Organic Kimchi)

Countries Covered

U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America

Market Players Covered

CHOI'S KIMCHI CO. (US), Kimchi Culture (US), DAESANG (South Korea), Sinto Gourmet (US), Cosmos Food Co., Inc. (US), Real Pickles (US), Mama O's Premium Kimchi (US), Dongwon Group (Seoul), CJ CHEILJEDANG CORP (South Korea), Lucky Foods (US), TOP GOURMET Food Industries Pte Ltd (Singapore), Sunja's Kimchi (US), King's Asian Gourmet (US), Pulmuone Foods USA (US), Elaia Holdings (HongKong), Tazaki Foods Limited (UK), CHOI'S KIMCHI CO (US)

Opportunities

  • Increasing applications in infant formulas and dietary supplements
  • Advertising campaigns, including celebrity endorsements, to boost overall sales
  • The emergence of prominent raw material sources provides significant opportunity

Market Definition

Kimchi is a popular fermented food in Korean cuisine. It is a common side dish made from salted and fermented vegetables, most commonly cabbage and Korean radishes, with a variety of seasonings such as chilli powder, scallions, garlic, ginger, and others. Kimchi was traditionally stored underground in jars to keep cool during the summer and unfrozen during the winter, when it was a critical vegetable supply.

Kimchi Market Dynamics

Drivers

  • Globalisation in food and beverage industry as well as growing trend of international cuisines

The food and beverage industry's globalisation is increasing demand for new and innovative food and beverage products. Consumers all over the world are becoming more interested in foreign food cultures and are adopting the sharing culture. Local cuisines and products from small countries are gaining popularity on global platforms due to their taste, flavour, and nutritional value. Kimchi is a Korean food that has multiple health benefits due to its nutritional richness, taste, and sensory flavour, which is driving the global kimchi market growth.

  • Growing demand for kimchi ingredients in personal care industry as well as expansion of retail market.

The kimchi market is primarily driven by the rising popularity of organic food and beverages, rising health awareness, rising disposable income, rising diseases such as cholesterol, cardiovascular disease, and so on, and rising environmental concerns. Furthermore, the presence of anti-oxidants in kimchi prevents skin ageing and cell oxidation, which increases its market demand.

Plant-based diets are becoming more popular around the world, owing to a growing consumer preference for healthy foods. Consumers' growing preference for plant-based diets is prompting some vendors in the market to introduce new varieties of plant-based kimchi. All of these health benefits are increasing global consumption of kimchi.

Opportunity

On the other hand, with the increasing number of product developments, packaging innovations, and technological advancements, kimchi refrigerators are becoming more widely used to store kimchi, which will further contribute by generating immense opportunities that will lead to the growth of the kimchi market in the above-mentioned forecast period.

Restraints

The growing number of distribution issues coupled with less awareness about the benefits of consuming kimchi will almost certainly act as a market restraint factor for kimchi growth over the forecasted period.

This Kimchi market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the Kimchi market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Kimchi Market

The current COVID-19 outbreak, which has disrupted global trade and industry, is expected to choke the kimchi industry. Producers have suffered as a result of the drop in demand. Aside from demand, the COVID-19 outbreak has wreaked havoc on the supply chain, with businesses experiencing significant delays in obtaining the raw materials they require. For producers, this has made inventory management extremely difficult. The COVID-19 lockdown limits, combined with a staffing constraint, resulted in a decrease in kimchi output and sales.

Global Kimchi Market Scope

The kimchi market is segmented on the basis of type, application and product. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

  • BAECHU KIMCHI (Cabbage Kimchi)
  • DONGCHIMI (Radish Water Kimchi)
  • KKAKDUGI (Cubed Radish Kimchi)
  • Pa Kimchi (Green Onion Kimchi)
  • Oi Sobagi (Stuffed Cucumber Kimchi)

Application

  • Household
  • Commercial

Product

  • Organic kimchi
  • Conventional kimchi

Kimchi Market Regional Analysis/Insights

The kimchi market is analysed and market size insights and trends are provided by country, type, application and product as referenced above.

The countries covered in the kimchi market report are U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Asia-Pacific is expected to grow in the kimchi market from 2022 to 2029, owing to rising demand for plant-based diets and rising consumption of healthy and nutritious products in the region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Kimchi Market Share Analysis

The kimchi market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to kimchi market.

Some of the major players operating in the kimchi market are:

  • CHOI'S KIMCHI CO. (US)
  • Kimchi Culture (US)
  • DAESANG (South Korea)
  • Sinto Gourmet (US)
  • Cosmos Food Co., Inc. (US)
  • Real Pickles (US)
  • Mama O's Premium Kimchi (US)
  • Dongwon Group (Seoul)
  • CJ CHEILJEDANG CORP (South Korea)
  • Lucky Foods (US)
  • TOP GOURMET Food Industries Pte Ltd (Singapore)
  • Sunja's Kimchi (US)
  • King's Asian Gourmet (US)
  • Pulmuone Foods USA (US)
  • Elaia Holdings (HongKong)
  • Tazaki Foods Limited (UK)
  • CHOI'S KIMCHI CO (US)

Research Methodology: Global Kimchi Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The stage includes the obtainment of market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analyzed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Customization Available

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.


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Frequently Asked Questions

The Kimchi Market value is expected USD 4909.58 million by 2029.
The Kimchi Market is to grow at a CAGR of 5.00% during the forecast by 2029.
On the basis of product, the Kimchi Market is segmented into Conventional Kimchi, & Organic Kimchi.
On the basis of application, the Kimchi Market is segmented into Households, and Commercial.