Global Kimchi
Market Report
2024
The global Kimchi market will be USD 3.6 billion in 2023 and expand at a compound annual growth rate (CAGR) of 5.80% from 2023 to 2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global Kimchi market will be USD 3.6 billion in 2023 and expand at a compound annual growth rate (CAGR) of 5.80% from 2023 to 2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Kimchi Market Sales Revenue 2023 | $ 3.6 Billion |
Global Kimchi Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 5.8% |
North America Kimchi Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 5% |
Europe Kimchi Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 5.2% |
Asia Pacific Kimchi Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 7.3% |
South America Kimchi Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 6% |
Middle East and Africa Kimchi Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 5.7% |
Market Split by Product Type |
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Market Split by End-User |
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Market Split by Nature |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Kimchi Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
growing popularity of Korean cuisine globally, increasing awareness of health-conscious consumers, rising influence of Korean culture, rise in ethnic food consumption, rise in availability Kimchi in mainstream supermarkets and online platforms, rising different tastes and preferences of consumers, rising popularity of fermented foods, increased globalization and cultural exchange, rising innovations in kimchi products and government initiatives and trade agreements are the major factors driving the growth of Kimchi market.
(Source:www.foodbev.com/news/bottlebrush-ferments-launches-kimchi-for-gut-health/)
The rising trend of veganism in the Kimchi market drives the growth. As more consumers embrace plant-based diets for ethical, environmental, and health reasons, the demand for vegetarian and vegan-friendly options like Kimchi is rising. Kimchi, traditionally made with fermented vegetables, is adapting to cater to this growing demographic. Manufacturers are innovating by creating plant-based kimchi varieties that align with the principles of veganism, tapping into a burgeoning market segment. This shift not only broadens the consumer base of Kimchi but also reflects the industry's responsiveness to evolving dietary preferences and lifestyles.
For instance, in July 2020, America's tofu brand, Nasoya, expanded its line of Kimchi with the launch of Vegan Kimchi Relish, a new kimchi-based product.
The new product launches have significantly impacted the kimchi market. Manufacturers are continually introducing innovative kimchi variants, catering to diverse consumer preferences and expanding the market reach. These new offerings often incorporate unique flavours, ingredients, or preparation methods, attracting a broader customer base. The dynamic landscape of the kimchi market is driven by a commitment to culinary creativity and responding to evolving consumer tastes. As consumers seek novel gastronomic experiences, introducing new kimchi products is a key driver, fostering growth and competitiveness within the global market.
For instance, on October 19th, 2020 Pulmuone, a fresh food company with global businesses of Korean-made original Kimchi, launched a new type Kimchi that reinterpreted the spicy Korean side dish.
(Source:www.pulmuone.co.kr/en/newsroom/viewPulmuoneNews.do?id=1063)
The presence of substitute products constrains the growth of the market. Products such as sauerkraut or other pickled vegetables may serve as substitutes, offering similar tangy and fermented flavours. Additionally, evolving consumer preferences for diverse and innovative culinary experiences contribute to the challenge, as individuals explore alternative fermented foods. To thrive in this competitive landscape, the kimchi market must address these substitute products by highlighting their unique cultural appeal, health benefits, and distinct taste profile to maintain consumer loyalty.
The global kimchi market faced challenges due to the COVID-19 pandemic, experiencing disruptions in the supply chain, production, and distribution. The restrictions and lockdowns affected restaurant demand, impacting kimchi consumption. Despite initial setbacks, the market adapted with an increased focus on online sales and home cooking. Consumer awareness of fermented foods' health benefits boosted demand, but economic uncertainties restrained overall growth. As the world navigated the pandemic, the kimchi market showcased resilience through innovation and adaptability, setting the stage for recovery and potential future expansion.
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The major players focus on product innovation, strategic partnerships, and geographical expansion to gain a competitive edge. Rising consumer demand for Korean cuisine and increasing awareness of the health benefits of fermented foods further drive market competition. Additionally, regional players play a significant role, contributing to the global kimchi market's diverse and dynamic competitive landscape.
(Source:www.foodbusinessnews.net/articles/14688-nasoya-debuts-new-and-reformulated-plant-based-products)
Top Companies Market Share in Kimchi Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
According to Cognitive Market Research, North America dominated the market in 2023. It accounted for around 38% of the global revenue, owing to the rising popularity of Korean cuisine and increasing consumer awareness of fermented foods' health benefits. The region's diverse demographic and culinary trends contribute to Kimchi's expanding presence. Major players in the North American market are introducing innovative kimchi variants to cater to evolving consumer preferences. The demand for authentic and high-quality Kimchi is driving market growth, with consumers appreciating the product's unique flavours and probiotic content. Additionally, the growing interest in plant-based and probiotic-rich diets further boosts kimchi consumption in North America, positioning it as a staple in the region's culinary landscape.
Europe is the fastest-growing category as the region's evolving food culture and the demand for healthy, fermented foods contribute to Kimchi's appeal. South Korean cuisine, including Kimchi, has witnessed a surge in popularity, driven by a growing interest in global flavours. Importantly, health-conscious consumers appreciate Kimchi for its probiotic properties and nutritional benefits. As a result, European markets are witnessing an increased availability of Kimchi in grocery stores and restaurants. The trend is expected to continue, with Kimchi becoming a staple in the eclectic European culinary landscape, reflecting the region's openness to diverse and flavorful food choices.
The current report Scope analyzes Kimchi Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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According to Cognitive Market Research, North America held the major market share in 2023 and accounted for more than 38% and a CAGR of 5.0% of the global revenue due to the increasing popularity of Korean cuisine, rising awareness of fermented foods' health benefits, and growing demand for unique flavours contribute to the market's expansion. North American consumers are embracing Kimchi for its probiotic-rich content and bold taste, fueling the market's growth. This trend is further accelerated by a cultural shift toward diverse and adventurous food choices, making Kimchi a sought-after culinary delight in the North American market. Kimchi, a traditional Korean dish made from fermented vegetables, has gained popularity for its health benefits and unique flavours. In North America, a growing awareness of diverse cuisines and a focus on wellness contribute to the expanding market. Various segments, including vegan and orgKimchi, are gaining traction as consumers seek healthier and sustainable food options, driving innovation and market diversification.
According to Cognitive Market Research, the European Kimchi market accounted for approximately 30% and a CAGR of 5.2% of the global revenue due to the growing consumer awareness of the health benefits associated with fermented foods, which is fueling the demand for Kimchi in the region. The rich probiotic content of Kimchi particularly appeals to health-conscious consumers, driving its popularity. As global culinary trends continue to evolve, the unique and diverse flavour Kimchi is gaining widespread acceptance, contributing to the market's expansion, especially in the European market. The region's increasing interest in diverse cuisines has driven demand for traditional Korean fermented vegetables, Kimchi. Consumer preferences for healthy and flavorful food options have further propelled market expansion. Within Europe, various segments, such as ready-to-eat and home kimchi, are gaining traction. This trend indicates a broader shift towards global culinary diversity, influencing the thriving kimchi market in the European region.
According to Cognitive Market Research, Asia Pacific held a considerable market share in 2023, accounting for more than 24% and a CAGR of 7.3% of the global revenue due to the rising demand for fermented and probiotic-rich foods. Kimchi's popularity is attributed to its unique flavour, nutritional benefits, and association with traditional Korean cuisine. Increased consumer awareness of health-conscious choices, coupled with the growing trend of incorporating diverse flavours in global cuisine, is a significant driver for the market. As a staple in Asian diets and an expanding presence in the international culinary landscape, Kimchi's market growth is poised to continue its upward trajectory. Kimchi's popularity extends beyond its South Korean origins, with increasing demand in diverse international markets. Asia-Pacific, as the epicentre of production and consumption, plays a pivotal role in shaping the market landscape, with evolving consumer preferences and a growing appreciation for fermented foods driving the industry's trajectory
According to Cognitive Market Research, Latin America accounted for more than 5% and a CAGR of 6.0% of the global Kimchi revenue in 2023 due to the increasing consumer awareness of its health benefits and unique flavour. The growing interest in diverse cuisines and a rising trend of incorporating fermented foods in diets fuel the market's expansion. Additionally, the popularity of Korean culture and cuisine contributes to the demand for Kimchi in the region. As consumers seek novel and nutritious food experiences, the global kimchi market in Latin America is expected to witness sustained growth. Spicy and non-spicy kimchi varieties are gaining popularity, appealing to diverse taste preferences. Local preferences for fermented and probiotic-rich foods contribute to the market growth. Key players strategically focus on product innovation and collaborations to capture a larger market share. This dynamic market in Latin America reflects a growing appreciation for the unique flavours and health benefits, presenting opportunities for further expansion and market development
According to Cognitive Market Research, the Middle East and Africa accounted for more than 3.00% and a CAGR of 5.7% of the global revenue in 2023 due to increasing consumer awareness of the dish's health benefits and unique flavour profile. Growing demand for fermented foods and a rising interest in Korean cuisine propel market growth. Kimchi's rich probiotic content and versatile use in culinary applications further contribute to its popularity. As regional preferences diversify, the Middle East and Africa embrace Kimchi as a flavorful and nutritious addition to their culinary landscape, fostering a robust market presence. Traditional and innovative kimchi variants cater to the evolving taste preferences of consumers in the Middle East and Africa. This growth is driven by a rising awareness of Korean cuisine, health-conscious choices, and a desire for flavorful, fermented foods. The market segmentation reflects a dynamic landscape, offering options that appeal to a broad range of consumer preferences.
Global Kimchi Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Kimchi Industry growth. Kimchi market has been segmented with the help of its Product Type, End-User Nature , and others. Kimchi market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to Cognitive Market Research, kimchi relish holds a prominent market share. It is a versatile variant often used as a condiment or topping, adding flavour to various dishes. Its popularity lies in its adaptability to diverse culinary applications, making it a sought-after choice for consumers seeking a convenient and flavourful option.
Cabbage Kimchi are the fastest-growing category over the forecast period. It is a traditional and widely consumed form that involves fermented Napa cabbage seasoned with ingredients like chilli pepper, garlic, ginger, and more. This classic variant offers a rich, tangy, and spicy taste, appealing to those who appreciate the authentic and time-honoured preparation method.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Kimchi Industry. Request a Free Sample PDF!
According to Cognitive Market Research, the food service industry holds a prominent market share. It serves as a popular and versatile ingredient, contributing to the diverse flavours in restaurant menus and catering services. Its inclusion in various dishes enhances the culinary experience, catering to the growing demand for Korean cuisine worldwide.
The retail/household is the fastest-growing category over the forecast period. It represents consumers who purchase Kimchi for personal consumption at home. This segment has witnessed a surge in demand as consumers increasingly recognize Kimchi's health benefits and unique flavour. The convenience of packaged kimchi products in retail outlets further facilitates its integration into home-cooked meals, contributing to the expanding global appeal of this traditional Korean dish.
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According to Cognitive Market Research, organic is the dominating segment of the Global Kimchi market due to increasing consumer awareness of health and environmental concerns. Organic Kimchi is produced without synthetic pesticides, fertilizers, or genetically modified organisms (GMOs), aligning with the growing demand for clean and sustainable food choices. Health-conscious consumers appreciate the absence of chemical residues in organic Kimchi, contributing to its appeal.
Conventional is the fastest-growing category over the forecast period due to accessibility and often lower cost. While organic options cater to a niche market seeking healthier alternatives, conventional Kimchi maintains a broad consumer base. The nature-based segmentation in the kimchi market reflects the diverse preferences and priorities of consumers seeking both traditional and modern qualities in this Korean staple.
Research Analyst at Cognitive Market Research
I am a well-organized, conscientious, and professional Research Analyst with two plus years of experience. In my current role, I conduct in-depth secondary research, data mining, competitive analysis, DRO's, PR, and Collateral writing. Whilst I enjoy working as part of a team, researching information, analyzing data, and producing results that help my organization to achieve its commercial and financial objectives.
Nisha Deore is a highly skilled Research Analyst with over three years of experience specializing in the agriculture and food & beverage sectors. Her expertise encompasses secondary research, data mining, competitive analysis, and the development of detailed collateral and PR materials. Known for her meticulous approach, Nisha designs robust research methodologies and delivers actionable insights that support her organization’s commercial and financial objectives.
In her current role, Nisha manages research for both the agriculture and food & beverage categories, leading initiatives to uncover market opportunities and enhance competitive positioning. Her strong analytical skills and ability to provide clear, impactful findings have been crucial to her team’s success. With a deep passion for both sectors and a commitment to continuous professional development, Nisha remains an invaluable asset in the dynamic landscape of market research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Kimchi Market is witnessing significant growth in the near future.
In 2023, the Kimchi Relish segment accounted for noticeable share of global Kimchi Market and is projected to experience significant growth in the near future.
The Foodservice Industry segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies CHOI'S KIMCHI CO. , DAESANG Sinto Gourmet and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Product Type | Kimchi Relish, Cabbage Kimchi, Cucumber Kimchi, Red Mustard Leaf Kimchi, Others |
End-User | Foodservice Industry, Retail/Household, Business to Business, Business to Consumer |
Nature | Organic, Conventional |
List of Competitors | CHOI'S KIMCHI CO., Kimchi Culture, DAESANG Sinto Gourmet, Cosmos Food Co. Inc., Real Pickles, Mama O's Premium Kimchi, Dongwon Group, CJ CHEILJEDANG CORP, Lucky Foods, TOP GOURMET Food Industries Pte Ltd., Sunja's Kimchi, King's Asian Gourmet, Pulmuone Foods USA, Elaia Holdings, Tazaki Foods Limited |
This chapter will help you gain GLOBAL Market Analysis of Kimchi. Further deep in this chapter, you will be able to review Global Kimchi Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
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Qualitative Analysis for the North America Market: North America Kimchi Market Trends North America Kimchi Technological Road Map North America Kimchi Market Drivers North America Kimchi Market Restraints North America Kimchi Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
You can purchase only the Executive Summary North America Market (2019 vs 2024 vs 2031)
Chapter 3 Europe Market Analysis
You can purchase only the Executive Summary Europe Market (2019 vs 2024 vs 2031)
Chapter 4 Asia-Pacific Market Analysis
You can purchase only the Executive Summary Asia Pacific Market (2019 vs 2024 vs 2031)
Chapter 5 South America Market Analysis
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Chapter 6 Middle East and Africa Market Analysis
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Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Product Type Analysis 2019 -2031, will provide market size split by Product Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Product Type Analysis 2019 -2031
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Chapter 11 Market Split by End-User Analysis 2019 -2031
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Chapter 12 Market Split by Nature Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Kimchi market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Kimchi Relish have a significant impact on Kimchi market? |
What are the key factors affecting the Kimchi Relish and Cabbage Kimchi of Kimchi Market? |
What is the CAGR/Growth Rate of Foodservice Industry during the forecast period? |
By type, which segment accounted for largest share of the global Kimchi Market? |
Which region is expected to dominate the global Kimchi Market within the forecast period? |
Segmentation Level Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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