Kimchi Market Projected to Reach USD 7.33 Billion by 2034, Growing at a CAGR of 5.9%

Polaris Market Research has released its latest report on the global Kimchi Market, offering key insights into growth drivers, trends, and market forecasts. The report also covers market size, segmentation, and profiles of leading players.

Market Overview:

The global kimchi market, valued at USD 4.19 billion in 2024, is forecast to grow to USD 7.33 billion by 2034, with a robust CAGR of 5.9% from 2025 to 2034.

Kimchi is a traditional Korean dish formed from fermented vegetables, primarily radishes and napa cabbage, flavored with chili pepper, garlic, ginger, and other seasonings. It is a staple in Korean cuisine, known for its tangy, spicy, and umami-rich taste. The fermentation process not only enhances its flavor but also makes kimchi a probiotic-rich food, beneficial for gut health.

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Key Highlights from the Report:

● The market growth is fueled by the increasing demand for fermented foods and a growing awareness of their nutritional benefits.
● According to type analysis, the baechu kimchi sector is expected to grow at a CAGR of 6.4% during the forecast period, while the dongchimi segment is projected to reach USD 1.25 billion by 2034.
● Based on distribution channel analysis, the supermarkets/hypermarkets sector held a 38.91% market share in 2024. The departmental stores segment is also projected to reach USD 2.12 billion by 2034.
● In 2024, the Asia Pacific market held a dominant share of 71.54% of the global market, driven by deep cultural roots, growing health awareness, and rapid innovations in production.
● The kimchi market in North America is expected to reach USD 835.83 million by 2034, driven by health-conscious consumers, cultural influences, and the emergence of innovative product offerings.

Major Factors Driving the Market:

Increasing Popularity of Korean Cuisine:
The global rise of Korean cuisine is being propelled by the cultural influence of K-pop, K-dramas, and the visually captivating way Korean dishes are shared across social media platforms. This rise in interest aligns with growing consumer preferences for fermented, probiotic-rich foods that support gut health, making kimchi both a trendy and health-conscious choice in today's modern diets.

Rising Demand for Functional Foods:
As more consumers prioritize natural and functional foods with proven health benefits, kimchi is gaining global traction for its reputation as a probiotic-rich, nutrient-dense option. Its expanding presence in major international retail chains and health-focused food outlets continues to grow kimchi market demand.

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Competitive Landscape:
The market remains highly competitive due to the presence of numerous established players. Leading companies in the industry include:
• Bombucha
• Choi's Kimchi
• CJ CheilJedang Corp
• Cleveland Kitchen
• Cosmos Food Co.
• Daesang Corporation
• Dongwon F&B Co Ltd
• Eden Foods
• Mama O'S Premium Kimchi, Inc.
• Narichan
• Pulmuone Foods
• Real Pickles
• Sinto Gourmet
• Sunja's Kimchi
• Tazaki Foods

Kimchi Market Industry Developments
• November 2024: Narichan unveiled a new ready-to-drink (RTD) kimchi beverage, marking its entry into the functional beverage segment and aiming to boost export opportunities beyond traditional kimchi products.

• May 2024: Dongwon F&B introduced a new range of ready-to-eat bibimbap meals under its Yangban brand. The lineup features three varieties of steamed rice with toppings: bulgogi (grilled marinated beef), tuna with kimchi, and jjajang (black bean sauce), catering to the growing demand for convenient, pre-cooked meal options.

• September 2023: Daesang Corp. launched a pop-up store for its Jongga kimchi brand in London, UK, as part of its strategy to expand international operations and brand presence.

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Market Segmentation:

By Type Outlook
● Baechu Kimchi
● Dongchimi
● Kkakdugi
● Pa Kimchi
● Oi Sobagi
● Others

By Distribution Channel Outlook
● Departmental stores
● Supermarkets/ Hypermarkets
● Online Retail
● Others

By Regional Outlook

● North America
○ US
○ Canada
○ Mexico

● Europe
○ Germany
○ France
○ UK
○ Italy
○ Spain
○ Netherlands
○ Russia
○ Rest of Europe

● Asia Pacific
○ China
○ Japan
○ India
○ Malaysia
○ South Korea
○ Indonesia
○ Australia
○ Vietnam
○ Rest of Asia Pacific

● Middle East & Africa
○ Saudi Arabia
○ UAE
○ Israel
○ South Africa
○ Rest of Middle East & Africa

● Latin America
○ Brazil
○ Argentina
○ Rest of Latin America

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