Kimchi Market size is expected to reach USD 5.41 Bn by 2030, as per Maximize Market Research

Global Kimchi Market size was valued at USD 3.80 Bn. in 2023 and the total Kimchi Market revenue is expected to grow by 5.17% from 2024 to 2030, reaching nearly USD 5.41 Bn.

Kimchi Market Overview

Kimchi is a traditional Korean cuisine, known for its healthy nature and specific flavor profile. Prepared with vegetables, red pepper, other spices, and fermented seafood, the Kimchi provides various vitamins, minerals, dietary fibre, and other biological components. As the flavoring ingredient in included in the preparation further processing is not required for Kimchi.

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Kimchi Market dynamics

Kimchi is rich in vitamins, mineral, fiber, and probiotics making it a health promoting food. With global awareness of gut health and the recent demand for natural and fermented food is helping with the Kimchi popularity.

Kimchi Market Growth

The supposed growth of Korean culture globally denoted as "Korean Wave" has introduced Kimchi on a global market. With ongoing cultural exchange and acceptance of cross-cultural values the demand for Kimchi has increased worldwide. South Korea has become world's largest exporter of Kimchi, exporting over $140 million worth to 100+ countries in 2023. These importers include Japan, the United States, China, and Hong Kong.

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Kimchi Market Segmentation

Kimchi made from napa cabbage also known as Baechu kimchi is the popular variety currently. Supermarket and hypermarkets dominate the distribution channel in the Kimchi market.

Kimchi Market Regional insights

The Asia-pacific holds the leading position in the Kimchi Market with over 70% market share in 2023. Korea shows highest demand for kimchi in a global scale. South Asean community favours the unique flavor of Kimchi which is reminiscent of Chinese cuisine, and is expected to show a posiive impact on the kimchi market in the near future.

Recent News about market

8/11/2024 At the Korean culinary workshop at Manorama Hortus, Hyeonju Park charms the attendees with deft hand...
16/8/2024 Effects of kimchi consumption on body fat and intestinal microbiota in overweight participants: A randomized, double-blind, placebo-controlled, single-center clinical trial

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Kimchi Market Segmentation

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

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Kimchi Market Key Players

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
11. Sunja's Kimchi
12. King's Asian Gourmet
13. Pulmuone Foods USA
14. Elaia Holdings
15. Tazaki Foods Limited
16. CHOI'S KIMCHI CO

Key questions answered in the Kimchi Market are:

• What was the Market size in 2023?
• What is the projected demand for the Market?
• Which are the factors expected to drive the Market growth?
• What is the future projection for the Market?

Key Offerings:

• Past Kimchi Market Size and Competitive Landscape (2018 to 2022)
• Past Pricing and price curve by region (2018 to 2022)
• Market Size, Share, Size & Forecast by Different Segment | 2024-2030
• Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by Region
• Market Segmentation - A detailed analysis by segment with their sub-segments and Region
• Competitive Landscape - Profiles of selected key players by region from a strategic perspective
o § Competitive landscape -Market Leaders, Market Followers, Regional player
o § 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

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About Maximize

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