Press release
Kimchi Market Trend, Size, Share, Development And Forecast To 2032: Cosmos Food, Volcano Kimchi, King's Kimchi, New York Kimchi
Kimchi Market size was valued at USD 3377.43 Million in 2021 and is projected to reach USD 5302.40 Million by 2030, growing at a CAGR of 5.1% from 2023 to 2030.Kimchi market revenue is anticipated to increase at a strong CAGR, driven by millennials' phenomenal demand and the demand from new economies. Key growth drivers in the kimchi market are technological advancements that enable efficient production, an expanded product portfolio, upscale design and packaging, effective operational maintenance, and sales monitoring. Kimchi market restraints over the forecast period, however, include having to adhere to strict regulations and different standards around the world, increasing competition, inflation estimated to stay above the upper band during the short term in important nations, and fluctuating raw material prices.
The market for kimchi is primarily driven by a number of factors, including the growing demand for organic foods and drinks, expanding health consciousness, increasing disposable income, the prevalence of diseases like cholesterol and cardiovascular disease, as well as growing environmental concerns. Kimchi's market demand is also increased by the anti-oxidants it contains, which stop cell oxidation and skin ageing. Due to an increase in customer preference for nutritious foods, plant-based diets are gaining in popularity all over the world. Some market vendors are launching new varieties of plant-based kimchi in response to consumers' increasing demand for plant-based diets. The global consumption of kimchi is rising as a result of all these health advantages.
The need for fresh and cutting-edge food and beverage goods is increasing as a result of innovation in the food and beverage sector, which has become a crucial factor for manufacturers in the global food and beverage business. Asian food is consistently regarded as a cutting-edge food product. Since kimchi is used more often in households, businesses, and other sectors of society, the market for it is expanding globally. The market for kimchi is growing as a result of numerous such health advantages that encourage more individuals to consume it. Also, as individuals in western nations show greater interest in international cuisine cultures and adopt a sharing culture, kimchi is becoming more and more popular.
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The report's nation section also includes individual market affecting elements and changes in market regulation that affect the market's current and future developments. Downstream and upstream value chain analysis, technological trends and porter's five forces analysis, and case studies are some of the data points used to anticipate the market scenario for different countries. Also, the presence and availability of global brands, as well as the issues they face due to big or scarce competition from local and domestic brands, are taken into account when giving forecast analysis of nation data.
Global Kimchi Market: Major Players
Choi's Kimchi Co.
Cosmos Food
Volcano Kimchi
King's Kimchi
New York Kimchi
Sunja's Kimchi
Tobagi
Pulmuone
Sinto Gourmet
Garnish&Gathe
Global Kimchi Market: By Types
Baechu Kimchi (Cabbage Kimchi)
Dongchimi (Radish Water Kimchi)
Kkakdugi (Cubed Radish Kimchi)
Pa Kimchi (Green Onion Kimchi)
Oi Sobagi (Stuffed Cucumber Kimchi)
Others
Global Kimchi Market: By Applications
Households
Commercial
Global Kimchi Market: Regional Analysis
The countries covered in the regional analysis of the Global Kimchi market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, 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), and Argentina, Brazil, and Rest of South America as part of South America.
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Scope of the Market Report:
● Research report analyses to profile the top manufacturers, with price, sales, revenue, and global market share.
● The competitive situation, sales, revenue, and global market share of top manufacturers are analysed emphatically by landscape contrast.
● The breakdown data are shown at the regional level, to show the sales, revenue, and growth by region.
● The research report breaks the sales data at the country level, with sales, revenue, and market share for key countries in the world.
● The market segments the sales by type and application, with sales market share and growth rate by type, and application.
● The research report describes sales channels, distributors, customers, research findings and conclusion, appendix, and data source.
Reasons to Purchase this Report:
● Analyzing the outlook of the market with the recent trends and SWOT analysis.
● Market dynamics scenario, along with growth opportunities of the market in the years to come.
● Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects.
● Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
● Market value (USD Million) and volume (Units Million) data for each segment and sub-segment
● Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past years.
● Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players.
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