Report Feature
Kimchi Market Trends and Forecast
The future of the global kimchi market looks promising with opportunities in the departmental stores, supermarkets/ hypermarkets, and online retail sectors. The global kimchi market is expected to grow with a CAGR of 4% to 6% from 2023 to 2028. The major drivers for this market are increasing applications in infant formulas and dietary supplements, advertising campaigns including celebrity endorsements to boost overall sales, and the emergence of prominent raw material sources provides significant opportunity.
Emerging Trends in the Kimchi Market
Emerging trends, which have a direct impact on the dynamics of the industry, include increasing preference for fermented food and beverages to improve demand of kimchi, rising demand for vegan products, and growing influence of online retailing and growing demand for plant-based diets.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Kimchi Market by Segment
The study includes a forecast for the global kimchi market by product type, distribution channel, and region, as follows:
Kimchi Market by Product Type [Value ($B) Shipment Analysis from 2017 to 2028]:
- Baechu Kimchi
- Kkakdugi
- Nabak
- Yeolmu Kimchi
- Baek
Kimchi Market by Distribution Channel [Value ($B) Shipment Analysis from 2017 to 2028]:
- Departmental Stores
- Supermarkets/ Hypermarkets
- Online Retail
- Others
Kimchi Market by Region [Value ($B) Shipment Analysis from 2017 to 2028]:
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Kimchi Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies kimchi companies cater to increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the kimchi companies profiled in this report include.
Kimchi Market Insights
- Lucintel forecasts that baechu kimchi will remain the largest segment over the forecast period due to its flavourful and versatile nature. It can be eaten fresh and is juicy and delicious when newly made and have good storage capacity.
- Supermarkets/hypermarkets are expected to remain the largest segment due to their many offerings and facilities such as distinct shelves in supermarkets and heavy discounts.
- APAC will remain the largest region due to rising demand for plant-based diets and rising consumption of healthy and nutritious products in the region.
Features of the Kimchi Market
- Market Size Estimates: Kimchi market size estimation in terms of value ($B)
- Trend and Forecast Analysis: Market trends (2017-2022) and forecast (2023-2028) by various segments and regions.
- Segmentation Analysis: Kimchi market size by various segments, such as by product type, distribution channel, and region.
- Regional Analysis: Kimchi market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
- Growth Opportunities: Analysis on growth opportunities in different by product type, distribution channel, and regions for the kimchi market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape for the kimchi market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the kimchi market size?
Answer: The global kimchi market is expected to reach an estimated $xx billion by 2028.
Q2. What is the growth forecast for kimchi market?
Answer: The global kimchi market is expected to grow with a CAGR of 4% to 6% from 2023 to 2028.
Q3. What are the major drivers influencing the growth of the kimchi market?
Answer: The major drivers for this market are increasing applications in infant formulas and dietary supplements, advertising campaigns including celebrity endorsements to boost overall sales, and the emergence of prominent raw material sources provides significant opportunity.
Q4. What are the major segments for kimchi market?
Answer: The future of the kimchi market looks promising with opportunities in the departmental stores, supermarkets/ hypermarkets, and online retail sectors.
Q5. What are the emerging trends in kimchi market?
Answer: Emerging trends, which have a direct impact on the dynamics of the industry, include increasing preference for fermented food and beverages to improve demand of kimchi, rising demand for vegan products, and growing influence of online retailing and growing demand for plant-based diets.
Q6. Who is the key kimchi companies?
Answer: Some of the key kimchi companies are as follows:
Answer: The global kimchi market is expected to reach an estimated $xx billion by 2028.
Q2. What is the growth forecast for kimchi market?
Answer: The global kimchi market is expected to grow with a CAGR of 4% to 6% from 2023 to 2028.
Q3. What are the major drivers influencing the growth of the kimchi market?
Answer: The major drivers for this market are increasing applications in infant formulas and dietary supplements, advertising campaigns including celebrity endorsements to boost overall sales, and the emergence of prominent raw material sources provides significant opportunity.
Q4. What are the major segments for kimchi market?
Answer: The future of the kimchi market looks promising with opportunities in the departmental stores, supermarkets/ hypermarkets, and online retail sectors.
Q5. What are the emerging trends in kimchi market?
Answer: Emerging trends, which have a direct impact on the dynamics of the industry, include increasing preference for fermented food and beverages to improve demand of kimchi, rising demand for vegan products, and growing influence of online retailing and growing demand for plant-based diets.
Q6. Who is the key kimchi companies?
Answer: Some of the key kimchi companies are as follows:
- Cosmos Food
- CJ CheilJedang
- Dongwon F&B
- Elaia Holdings
- Tazaki Foods
- Daesang
- Eden Foods
Q7. Which kimchi segment will be the largest in future?
Answer: Lucintel forecasts that baechu kimchi will remain the largest segment over the forecast period due to its flavourful and versatile nature. It can be eaten fresh and is juicy and delicious when newly made and have good storage capacity.
Q8. In kimchi market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region due to rising demand for plant-based diets and rising consumption of healthy and nutritious products in the region.
Q9. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.
Answer: Lucintel forecasts that baechu kimchi will remain the largest segment over the forecast period due to its flavourful and versatile nature. It can be eaten fresh and is juicy and delicious when newly made and have good storage capacity.
Q8. In kimchi market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region due to rising demand for plant-based diets and rising consumption of healthy and nutritious products in the region.
Q9. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.
