Kimchi Market Expected to Reach Globally USD 5.41 Billion by 2030 Say's Maximize Market Research Report Forecasts 2024-2030

𝐌𝐚𝐱𝐢𝐦𝐢𝐳𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡, has published market intelligence and competitive landscape report on the "𝐊𝐢𝐦𝐜𝐡𝐢 𝐌𝐚𝐫𝐤𝐞𝐭" published in January 2024. The Kimchi Market size was valued at USD 3.80 Bn. in 2023 and the total revenue is expected to grow at a CAGR of 5.17 percent from 2024 to 2030, reaching nearly USD 5.41 Bn. by 2030.

Kimchi is a traditional Korean fermented food, is the lead food of Korea. It is considered one of the most popular and healthiest foods in Korea and is gaining popularity across the world. South Korea is the world's largest exporter of kimchi. In 2023, South Korea exported over 140 million US dollars' worth of kimchi to over 100 countries around the world. The top destinations for kimchi exports from South Korea are Japan, the United States, China, and Hong Kong. Over the years, South Korean Kimchi exports have demonstrated steady growth, showcasing the global appeal of this traditional fermented delicacy.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐚 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐨𝐟 𝐎𝐮𝐫 𝐋𝐚𝐭𝐞𝐬𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰: https://www.maximizemarketresearch.com/request-sample/216541/

Globalization refers to the increasing interconnectedness and interdependence of the world's economies, cultures, and populations. In recent years, there has been a growing awareness of the health benefits associated with kimchi consumption. This has led to a surge in the popularity of this traditional Korean fermented food. Kimchi manufacturers can expand their reach by collaborating with social media influencers with a large following and a focus on food and culinary trends.

Asia-Pacific accounted for the largest market share above 70% in 2023 owing to growing demand for Kimchi in Korea. Kimchi boasts a flavor profile reminiscent of Chinese cuisine, and given the popularity of both Korean and Chinese food products among South Asian consumers, this is expected to have a positive impact on the growth of the kimchi market.

In 2018, the production value of kimchi in South Korea was estimated at approximately 1.1 trillion South Korean won. As Koreans increasingly prefer purchasing ready-made kimchi items rather than producing them themselves, kimchi production has steadily increased.

𝐖𝐢𝐥𝐝𝐛𝐫𝐢𝐧𝐞: Expanded production in California in 2022 to meet rising demand and establish market leadership.

𝐁𝐢𝐛𝐢𝐠𝐨: Partnered with Costco in 2021 to enhance distribution and increase kimchi's accessibility across the U.S.

𝐆𝐞𝐭 𝐘𝐨𝐮𝐫 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐟𝐨𝐫 𝐈𝐦𝐦𝐞𝐝𝐢𝐚𝐭𝐞 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬: https://www.maximizemarketresearch.com/request-sample/216541/

𝐊𝐢𝐦𝐜𝐡𝐢 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐜𝐨𝐩𝐞:
Market Size in 2023 USD 3.80 Bn.
Market Size in 2030 USD 5.41 Bn.
CAGR 5.17% (2024-2030)
Forecast Period 2024-2030
Base Year 2023
Number of Pages 285
No. of Tables 115
No. of Charts and Figures 110
Segment Covered by Type, Product, and Distribution Channel
Regional Scope North America, Europe, Asia Pacific, Middle East and Africa, South America
Report Coverage Kimchi Market Share, Size & Forecast by Revenue | 2024-2030, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, MMR Competition Matrix, Competitive Leadership Mapping, Global Key Players' Market Ranking Analysis.

𝐊𝐢𝐦𝐜𝐡𝐢 𝐌𝐚𝐫𝐤𝐞𝐭 𝐜𝐨𝐯𝐞𝐫𝐞𝐝 𝐭𝐡𝐞 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐬:

𝐁𝐲 𝐓𝐲𝐩𝐞

Baechu Kimchi
Kkakdugi
Nabak
Yeolmu Kimchi
Baek
Other Types

𝐁𝐲 𝐏𝐫𝐨𝐝𝐮𝐜𝐭

Conventional kimchi
Organic kimchi

𝐁𝐲 𝐃𝐢𝐬𝐭𝐫𝐢𝐛𝐮𝐭𝐢𝐨𝐧 𝐂𝐡𝐚𝐧𝐧𝐞𝐥

Departmental stores
Supermarkets/Hypermarkets
Online Retail
Other Distribution Channels

𝐒𝐨𝐦𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐜𝐮𝐫𝐫𝐞𝐧𝐭 𝐩𝐥𝐚𝐲𝐞𝐫𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐊𝐢𝐦𝐜𝐡𝐢 𝐌𝐚𝐫𝐤𝐞𝐭 𝐚𝐫𝐞:

1. Kimchi Culture
2. DAESANG
3. Sinto Gourmet
4. Cosmos Food Co.Inc.
5. Real Pickles
6. Mama O's Premium Kimchi
7. Dongwon Group
8. CJ CHEILJEDANG CORP
9. Lucky Foods
10. TOP GOURMET Food Industries Pte Ltd

𝐂𝐥𝐢𝐜𝐤 𝐇𝐞𝐫𝐞 𝐭𝐨 𝐆𝐚𝐢𝐧 𝐃𝐞𝐞𝐩𝐞𝐫 𝐔𝐧𝐝𝐞𝐫𝐬𝐭𝐚𝐧𝐝𝐢𝐧𝐠 + 𝐆𝐫𝐚𝐩𝐡𝐬: https://www.maximizemarketresearch.com/market-report/kimchi-market/216541/

𝐊𝐞𝐲 𝐪𝐮𝐞𝐬𝐭𝐢𝐨𝐧𝐬 𝐚𝐧𝐬𝐰𝐞𝐫𝐞𝐝 𝐢𝐧 𝐭𝐡𝐞 𝐊𝐢𝐦𝐜𝐡𝐢 𝐌𝐚𝐫𝐤𝐞𝐭 𝐚𝐫𝐞:

What segments are covered in the Global Kimchi Market report?
Which region is expected to hold the highest share in the Global Kimchi Market during the forecast period?
What is the market size of the Global Kimchi Market by 2030?
What is the forecast period for the Global Kimchi Market?
Which are the major players attributed in the Global Kimchi Market?

𝐊𝐞𝐲 𝐎𝐟𝐟𝐞𝐫𝐢𝐧𝐠𝐬:

Past Market Size and Competitive Landscape
Kimchi Market Size, Share, Size & Forecast by different segment
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Kimchi Market Segmentation - A detailed analysis by Product
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations

𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐨𝐮𝐫 𝐭𝐨𝐩-𝐩𝐞𝐫𝐟𝐨𝐫𝐦𝐢𝐧𝐠 𝐫𝐞𝐩𝐨𝐫𝐭𝐬 𝐨𝐧 𝐭𝐡𝐞 𝐥𝐚𝐭𝐞𝐬𝐭 𝐭𝐫𝐞𝐧𝐝𝐬:

The Fresh Vegetables Market size was valued at USD 669.93 Billion in 2023 and revenue is expected to grow at a CAGR of 3.02% from 2024 to 2030, reaching nearly USD 825.06 Billion by 2030.

𝐓𝐡𝐞 𝐅𝐫𝐞𝐬𝐡 𝐕𝐞𝐠𝐞𝐭𝐚𝐛𝐥𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 https://www.maximizemarketresearch.com/market-report/fresh-vegetables-market/221531/

Global Hot Sauce Market size was valued at USD 3.45 Bn in 2023 and is expected to reach USD 5.12 Bn by 2030, at a CAGR of 6.2 % from the forecast period (2024 to 2030).

𝐆𝐥𝐨𝐛𝐚𝐥 𝐇𝐨𝐭 𝐒𝐚𝐮𝐜𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 https://www.maximizemarketresearch.com/market-report/hot-sauce-market/199437/

𝐎𝐮𝐫 𝐀𝐝𝐝𝐫𝐞𝐬𝐬:

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𝐀𝐛𝐨𝐮𝐭 𝐌𝐚𝐱𝐢𝐦𝐢𝐳𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

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