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:
This Kimchi market study looks at current and emerging industry trends and dynamics in the global Kimchi market. Kimchi Extensive market forecasting for the major market segments is carried out between 2024 and 2030. Extensive Kimchi market analysis is carried out by closely monitoring key product positions and the main competitors in the market framework. To understand the competitive landscape of the worldwide Kimchi market, key players are profiled and their strategies are thoroughly evaluated.
Market Scope:
The analysis contains a current examination of the present Kimchi market landscape, as well as the most recent trends and drivers, as well as an overview of the entire Kimchi market environment. Increased demand for Kimchi is driving the market. The Kimchi market research examines the technology, end-user, and type categories, among other things, as well as the geographical landscape.
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Segmentation:
Supermarkets and hypermarkets represented the largest share of the Application-based industry segment in 2023 and are predicted to maintain their dominant position over the forecast period. Baechu kimchi is easily accessible to consumers thanks to the wide variety of kimchi goods found in supermarkets and hypermarkets. For these and other compelling reasons, this market sector is well-positioned to continue dominating the kimchi industry. Similar to the Baechu kimchi category, the choice for supermarkets and hypermarkets is greatly influenced by the rise of new economies. As these countries grow and become more urbanized, customer preferences are shifting in favor of structured retail forms. In response, supermarkets and hypermarkets have diversified their product offerings to include a large selection of kimchi goods.
Key Players:
The market research report provides comprehensive quantitative insights that provide a clear picture of the worldwide market potential in a variety of categories, as well as country-by-country analyses in each covered topic. The analysis investigates the market’s major influencing factors, as well as complete company profiles of
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
Regional Analysis:
Individual market influencing variables and changes in market laws that impact present and future market trends are also included in the regional segment of the Kimchi market study. Data points such as downstream and upstream value chain analysis, technology trends, porter’s five forces analysis, and case studies are just a few of the indicators utilized to anticipate market scenarios for various industries. When examining projection data for the region, the existence and availability of global players, as well as the obstacles they face as a result of substantial or low to none competition from local and domestic brands, are all taken into account.
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COVID-19 Impact Analysis on Kimchi Market:
The COVID-19 epidemic has had a significant impact on the global Kimchi industry. Kimchi Production facilities were halted due to the global economic slump and a lack of manpower. The COVID-19 pandemic has led to a significant and extended drop in production utilization, and travel prohibitions and facility closures have kept personnel away from their facilities, causing the Kimchi market to decelerate in 2020. The negative impact of COVID-19 on the Kimchi market, on the other hand, is expected to be transitory, and the sector is expected to revive significantly by early 2023, owing to increased demand for Kimchi.
Key Questions Answered in the Kimchi Market Report are:
- Which segment was responsible for the largest share in the Kimchi market?
- How was the competitive scenario of the Kimchi market in 2023?
- Which are the key factors responsible for the Kimchi market growth?
- Which region held the maximum share in the Kimchi market in 2023?
