
Kimchi Market Size, Analysis, Growth, Growing CAGR, Key Drivers, Demand, Revenue and Future Opportunities Till 2034: SPER Market Research
Category :
Food & Beverages
Published: Feb-2025
Author: SPER Analysis Team
Kimchi Market Size, Analysis, Growth, Growing CAGR, Key Drivers, Demand, Revenue and Future Opportunities Till 2034: SPER Market Research
Global Kimchi Market is projected to be worth 8596.48 million by 2034 and is anticipated to surge at a CAGR of 5.16%.
Kimchi is a classic Korean fermented vegetable dish traditionally made from Napa cabbage and radish, seasoned with fish sauce, garlic, ginger, chili pepper, and other spices. Lactic acid fermentation gives it a rich, umami-flavored, and tangy taste. As a side dish or in soups, stews, and fried rice, kimchi is a mainstay of Korean cooking. Its abundance of probiotics, vitamins, and antioxidants helps to strengthen immunity and support gastrointestinal health. With various ingredients and fermentation techniques, kimchi comes in a wide range of seasonal and regional variations. Its strong Flavor and health advantages make it a well-liked meal all over the world.
Drivers: Growing consumer knowledge of the health advantages of kimchi, such as probiotics for immunological and digestive health, is propelling the global market for the product. The growing global appeal of Korean cuisine and growing interest in fermented foods both contribute to the demand. The market is growing due in part to urbanization and shifting eating patterns, particularly among millennial and health-conscious customers. Enhancing accessibility also involves growing distribution channels, such as e-commerce and niche shops. Initiatives from the government to promote South Korea's traditional food exports also help the sector. A wide range of customers are drawn to plant-based alternatives, tastes, and innovative packaging.
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Challenges: The kimchi market can face certain hurdles when it comes to sourcing and importing Korean ingredients. Quality ingredients are necessary to make real kimchi, and they might not always be easily accessible in different regions of the world. As a result, this presents logistical difficulties with regard to transportation, appropriate storage, and the creation of reliable supply chains. Businesses in the kimchi market need to build strong and long-lasting relationships with Korean suppliers in order to ensure a steady supply of ingredients.
Market Trends: The advantages and adaptability of kimchi were being vigorously promoted by kimchi manufacturers and South Korean culinary associations through advertising campaigns, cooking demonstrations, and food festivals. As kimchi exports increased, adherence to food safety and hygiene regulations became more crucial to preserving consumer confidence. Some customers expressed a preference for artisanal and locally produced kimchi, appreciating traditional cooking techniques and helping out small-scale producers. Online marketplaces and direct-to-consumer sales of kimchi were becoming more prevalent, giving customers’ access to a wider range of kimchi goods. As convenience-driven packaging became more popular, kimchi became easier to use and store thanks to features like resealable pouches and reduced quantity sizes.
Global Kimchi Market Key Players:
Daesang Corporation, CJ CheilJedang Corp, Pulmuone U.S.A, Lucky Foods, Weifang Jiahe Food Co., Ltd, Sinto Gourmet, JONGGA, Chois Kimchi LLC, NONGSHIM CO., LTD, and Cosmos Food Co., Inc are just a few of the major market players that are thoroughly examined in this market study along with revenue analysis, market segments, and competitive landscape data.
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Global Kimchi Market Segmentation:
By Product: Based on the Product, Global Kimchi Market is segmented as; Baechu Kimchi, Kkakdugi Kimchi, Chonggak Kimchi.
By Distributional Channel: Based on the Distributional Channel, Global Kimchi Market is segmented as; B2C, B2B.
By End User: Based on the End User, Global Kimchi Market is segmented as; Households/Retail, Food Service.
By Region: This research also includes data for North America, Latin America, Asia-Pacific, Europe and Middle East & Africa.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.
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