A classic Korean meal called kimchi is created of fermented vegetables, usually Korean radishes and Napa cabbage, along with a variety of condiments. Though there are vegan and vegetarian options, the main components are seasoned with a combination of salt, garlic, ginger, scallions, chilli peppers, and frequently fish sauce or fermented seafood. Beneficial bacteria proliferate in the combination during fermenting, giving kimchi its unique sour flavour and enhancing its status as a diet high in probiotics. A mainstay of Korean cooking, kimchi is praised for its nutritional value, adaptability as a side dish, and use as an ingredient in many other cuisines.
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Data Bridge Market Research analyzes that the Kimchi Market is growing with a CAGR of 5.5% in the forecast period of 2024 to 2031 and is expected to reach USD 725,817.68 thousand by 2031 from USD 475,231.72 thousand in 2023.
Key Findings of the Study
Increasing Health Benefits Associated with Kimchi
The fermentation process of kimchi causes probiotics, or good bacteria, to proliferate. Probiotic-rich foods such as kimchi are in greater demand as consumers realise how important gut health is. Minerals such as calcium and iron, and important vitamins A, B, and C, are all found in abundance in kimchi. Its nutritional value and low calorie content make it appealing to consumers who are health concerned and looking for food high in nutrients. As people around the world become more and more interested in functional foods with high nutritional value and flavour, kimchi's popularity as a delicious and nutrient-dense substitute has led to its inclusion in a variety of cuisines and diets, which has fueled the expansion of the global kimchi market. This growing recognition of kimchi's health advantages is driving the product's appeal to a wide range of customers who want to choose food that will both satisfy their palates and improve their overall wellness. Thus, the increasing health benefits associated with kimchi is expected to act as a driver for the market growth.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2024 to 2031
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Base Year
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2023
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Historic Year
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2022 (Customizable to 2016–2021)
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Quantitative Units
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Revenue in USD Thousand
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Segments Covered
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Type (Baechu Kimchi, Kkadugi Kimchi, Nabak Kimchi, Oi Sobagi, Chonggak Kimchi, Yeolmu Kimchi, Dongchimi Kimchi, Gat Kimchi, and Others), Category (Organic and Conventional), Pricing (Regular and Premium), Packaging (Bottles and Jars, Pouches, Cans, Boxes, Tubs and Trays, and Others), End User (Food Service Sector and Retail/Household), Distribution Channel (Store Based Retailers and Non-Store Based Retailers)
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Countries Covered
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U.S., Canada, Mexico, Germany, Italy, U.K., France, Switzerland, Spain, Russia, Turkey, Belgium, Netherlands, Sweden, Poland, Denmark, Rest of Europe, China, India, South Korea, Japan, Vietnam, Thailand, Australia, New Zealand, Singapore, Indonesia, Malaysia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, and Rest of Middle East and Africa
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Market Players Covered
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DAESANG (South Korea), CJ CheilJedang Corp (South kora), Cosmos Food Co., Inc. (U.S.), The Cultured Food Company (Ireland), Mother-in- Law's (U.S.), South Coast kimchi (Australia), Mama O's Premium Kimchi (U.S.), The Kimchi Company (Australia), TRUE KIMCHI LLC (U.S.), MadgesFood (U.S.), ALCHEMY PICKLE COMPANY (Canada), Volcano Kimchi (U.S.), YOON GLOBAL LTD (U.K.), and CHOI'S KIMCHI CO. (U.S.), HEX Ferments (U.S.), Hosta Hills (U.K.), and Midori Farm LLC (U.S.) among others
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand
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Segment Analysis
Global kimchi market is segmented into six notable segments based on type, category, pricing, packaging, end user, and distribution channel.
- On the basis of type, the market is segmented into baechu kimchi, kkakdugi kimchi, nabak kimchi, oi sobagi, chonggak kimchi, yeolmu kimchi, dongchimi kimchi, gat kimchi, and others
In 2024, the baechu kimchi segment is expected to dominate the market
In 2024, the baechu kimchi segment is expected to dominate the market with a market share of 42.80% as it is mostly preffered among the population also it is easy to prepare.
- On the basis of category, the market is segmented into organic and conventional
In 2024, the conventional segment is expected to dominate the market
In 2024, the conventional segment is expected to dominate the market with a market share of 70.67% due to the authenticity and traditional preparation of kimchi.
- On the basis of pricing, the market is segmented into regular and premium. In 2024, the regular segment is expected to dominate the market with a market share of 70.14%
- On the basis of packaging, the market is segmented into bottles and jars, pouches, cans, boxes, tubs and trays, and others. In 2024, the boottles and jars segment is expected to dominate the market with a market share of 48.16%
- On the basis of end user, the market is segmented into food service sector and retail/household. In 2024, the food service sector segment is expected to dominate the market with a market share of 61.25%
- On the basis of distribution channel, the market is segmented into store based retailers and non-store based retailers. In 2024, the food service sector segment is expected to dominate the market with a market share of 86.00%
Major Players
Data Bridge Market Research analyzes DAESANG (South Korea), CJ CheilJedang Corp (South kora), The Kimchi Company (Australia), YOON GLOBAL LTD (U.K.), and MadgesFood (U.S.) as the major market players operating in the global kimchi market.
Market Developments
- In August 2023, CJ CheilJedang takes innovation to the next level with the launch of Inno Play, an internal venture development space designed to propel the company into future-oriented sectors such as food and bio. This dynamic workspace features an open office zone, a community lounge for startup collaboration and investor engagement, and a innovative'kitchen lab' dedicated to new product R&D. This has helped the company to get involved in research activities showcasing their resource talents
- In September 2022, DAESANG declared that "JONGGA," a kimchi brand, and "Baekga," a singer, will launch a new product together. Last month, Jongga House changed both its brand name and BI to JONGGA. Two varieties of outdoor kimchi, each with packaging designed by singer Baekga, are the first new items of the new Jongga. There are two varieties available, "Jongga wrapped kimchi" and "Jongga grilled kimchi." This has helped the company to expand their product line
- In 2022, HEX Ferments, known for its expertise in traditional fermentation and culinary innovation, is expanding its culinary section featuring with introduction of 'Sarah's Paleo Pizza.' This new venture showcased the company's commitment to utilizing locally sourced, organic ingredients to create unique and nourishing foods
Regional Analysis
Geographically, the countries covered in the global kimchi market report are the U.S., Canada, Mexico, Germany, Italy, U.K., France, Switzerland, Spain, Russia, Turkey, Belgium, Netherlands, Sweden, Poland, Denmark, rest of Europe, China, India, South Korea, Japan, Vietnam, Thailand, Australia, New Zealand, Singapore, Indonesia, Malaysia, Philippines, rest of Asia-Pacific, Brazil, Argentina, rest of South America, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, and rest of Middle East and Africa.
As per Data Bridge Market Research analysis:
Asia-Pacific is the dominant region in the global kimchi market
Asia-Pacific is expected to dominate the market owing to the higher level of investments by the manufacturers and the increasing experiments in the food preparations. This is due to the growing demand and adoption of kimchi as it is proven as healthy food.
North America is the fastest-growing region in the global kimchi market
North America is the fastest-growing region in the market due to the heavy consumption of fermented food among the population. In addition, the manufacturers starts their food outlet in the region with the help of social media influencers helping them in expanding the business.
For more detailed information about the global kimchi market report, click here – https://www.databridgemarketresearch.com/ko/reports/global-kimchi-market
