Global Kimchi Market, Trends & Growth Opportunity, By Kimchi Type (Cabbage, Radish, Green Onion, Stuffed Cucumber, Red Mustard Leaf, Others), By End Use (Personal, Commercial), By Region and Forecast till 2030.
Global Kimchi Market
The Global Kimchi Market was valued at USD 3.53 Bn in 2022 and is expected to expand to USD 6.06 Bn by 2030 at a CAGR of 5.32% during the forecast period of 2023-2030.
Kimchi is a fermented dish and traditional food from Korea. Kimchi is usually prepared with Chinese Cabbage, salt, red chili paste, and other flavorful ingredients. There are several variations of Kimchi available, such as those prepared with Radish, Green onions, cucumbers, etc. Kimchi is consumed as a condiment and is eaten along with a main dish. There are several dishes, such as soups, fried rice, and pancakes, that use kimchi as the main ingredient. Kimchi is a probiotic food and is attributed to several health benefits.
Market Drivers
The key driver of the global Kimchi market is the acceptance and intermingling of cultures. In recent years, the world has witnessed a boom in Korean culture. Korean cuisine and entertainment have found their way into people’s lives across the world. More and more people are tuning into Korean culture. This has helped boost the market for Korean foods, Kimchi, being the most traditional cuisine from Korea, is usually the most tried and tasted food. The Kimchi market is, thus, driven by people who are open to trying different cuisines and are particularly interested in Korean cuisine.
Market Restraints
The awareness of Kimchi is still quite low among a large segment of people. This is a significant hindrance to the growth of the Kimchi market. A large part of the world is still unaware of Korean cuisine and thus is not open to consuming Kimchi. Moreover, the market may also be hindered by people who may not enjoy the taste of Kimchi, as well as the availability of local fermented foods, such as Sauerkraut or pickles.
Market Segmentation
The global kimchi market is segmented into kimchi types, such as cabbage, radish, green onion, stuffed cucumber, red mustard leaf, and others. The market is further segmented based on end use, such as personal and commercial.
Regional Analysis
The Asia Pacific has historically led the market for Kimchi products, and the trend is expected to continue during the forecast period. This is primarily due to South Korea, which is the major consumer and producer of Kimchi products. The popularity of Korean cuisine in neighboring countries, such as Japan, the Philippines, Malaysia, India, etc. has also enabled the local population to try Kimchi.
North America is expected to register significant growth during the forecast period. North America, being a globalized region, is open to several cultures and cuisines. The emergence of the local Korean food business will support the growth of the Kimchi market in the region.
Key Players
Daesang Corporation, Choi’s Kimchi, CJ Cheiljedang, Neo Kimchi, Sinto Gourmet, Sunja’s Kimchi, Elaia Holdings, King's Asian Gourmet, Mama O's Premium Kimchi, Dongwon Group, Cosmos Food Co Inc, Urban Platter, Tazaki Foods, Top Gourmet Food Industries.
Market Taxonomy
By Kimchi Type
• Cabbage
• Radish
• Green Onion
• Stuffed Cucumber
• Red Mustard Leaf
• Others
By End Use
• Personal
• Commercial
By Region
• North America (USA, Canada, Mexico)
• Europe (Germany, France, UK, Rest of Europe)
• Asia Pacific (China, India, Japan, Rest of Asia Pacific)
• Latin America (Brazil, Rest of Latin America)
• Middle East & Africa (Saudi Arabia, UAE, Egypt, Kuwait, South Africa)
Global Kimchi Market
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Kimchi Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Cumulative Impact due to recent Energy Crisis
4.2.5 Cumulative Impact due to nearing Economic Downturn
4.2.6 Post Covid-19 World Supply and Demand Conditions
4.2.7 Cumulative Impact of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Kimchi Market, By Kimchi Type
5.1 Y-o-Y Growth Comparison, By Kimchi Type
5.2 Global Kimchi Market Share Analysis, By Kimchi Type
5.3 Global Kimchi Market Size and Forecast, By Kimchi Type
5.3.1 Cabbage
5.3.2 Radish
5.3.3 Green Onion
5.3.4 Stuffed Cucumber
5.3.5 Red Mustard Leaf
5.3.6 Others
6 Global Kimchi Market, By End Use
6.1 Y-o-Y Growth Comparison, By End Use
6.2 Global Kimchi Market Share Analysis, By End Use
6.3 Global Kimchi Market Size and Forecast, By End Use
6.3.1 Personal
6.3.2 Commercial
7 Global Kimchi Market, By Region
7.1 Global Kimchi Market Share Analysis, By Region
7.2 Global Kimchi Market Size and Forecast, By Region
8 North America Kimchi Market Analysis and Forecast (2023-2030)
8.1 Introduction
8.2 North America Kimchi Market Share Analysis, By Kimchi Type
8.3 North America Kimchi Market Size and Forecast, By End Use
8.4 North America Kimchi Market Size and Forecast, By Country
8.4.1 U.S.
8.4.2 Canada
8.4.3 Mexico
9 Europe Kimchi Market Analysis and Forecast (2023-2030)
9.1 Introduction
9.2 Europe Kimchi Market Share Analysis, By Kimchi Type
9.3 Europe Kimchi Market Size and Forecast, By End Use
9.4 Europe Kimchi Market Size and Forecast, By Country
9.4.1 Germany
9.4.2 France
9.4.3 UK
9.4.4 Rest of Europe
10 Asia Pacific Kimchi Market Analysis and Forecast (2023-2030)
10.1 Introduction
10.2 Asia Pacific Kimchi Market Share Analysis, By Kimchi Type
10.3 Asia Pacific Kimchi Market Size and Forecast, By End Use
10.4 Asia Pacific Kimchi Market Size and Forecast, By Country
10.4.1 China
10.4.2 Japan
10.4.3 India
10.4.4 Rest of Asia
11 Latin America Kimchi Market Analysis and Forecast (2023-2030)
11.1 Introduction
11.2 Latin America Kimchi Market Share Analysis, By Kimchi Type
11.3 Latin America Kimchi Market Size and Forecast, By End Use
11.4 Latin America Kimchi Market Size and Forecast, By Country
11.4.1 Brazil
11.4.2 Rest of Latin America
12 Middle East Kimchi Market Analysis and Forecast (2023-2030)
12.1 Introduction
12.2 Middle East Kimchi Market Share Analysis, By Kimchi Type
12.3 Middle East Kimchi Market Size and Forecast, By End Use
12.4 Middle East Kimchi Market Size and Forecast, By Country
12.4.1 Saudi Arabia
12.4.2 UAE
12.4.3 Egypt
15.4.4 Kuwait
12.4.5 South Africa
13 Competitive Analysis
13.1 Competition Dashboard
13.2 Market share Analysis of Top Vendors
13.3 Key Development Strategies
14 Company Profiles
14.1 Daesang Corporation
14.1.1 Overview
14.1.2 Offerings
14.1.3 Key Financials
14.1.4 Business Segment & Geographic Overview
14.1.5 Key Market Developments
14.1.6 Key Strategies
14.2 Choi’s Kimchi
14.2.1 Overview
14.2.2 Offerings
14.2.3 Key Financials
14.2.4 Business Segment & Geographic Overview
14.2.5 Key Market Developments
14.2.6 Key Strategies
14.3 CJ Cheiljedang
14.3.1 Overview
14.3.2 Offerings
14.3.3 Key Financials
14.3.4 Business Segment & Geographic Overview
14.3.5 Key Market Developments
14.3.6 Key Strategies
14.4 Neo Kimchi
14.4.1 Overview
14.4.2 Offerings
14.4.3 Key Financials
14.4.4 Business Segment & Geographic Overview
14.4.5 Key Market Developments
14.4.6 Key Strategies
14.5 Sinto Gourmet
14.5.1 Overview
14.5.2 Offerings
14.5.3 Key Financials
14.5.4 Business Segment & Geographic Overview
14.5.5 Key Market Developments
14.5.6 Key Strategies
14.6 Sunja’s Kimchi
14.6.1 Overview
14.6.2 Offerings
14.6.3 Key Financials
14.6.4 Business Segment & Geographic Overview
14.6.5 Key Market Developments
14.6.6 Key Strategies
14.7 Elaia Holdings
14.7.1 Overview
14.7.2 Offerings
14.7.3 Key Financials
14.7.4 Business Segment & Geographic Overview
14.7.5 Key Market Developments
14.7.6 Key Strategies
14.8 King's Asian Gourmet
14.8.1 Overview
14.8.2 Offerings
14.8.3 Key Financials
14.8.4 Business Segment & Geographic Overview
14.8.5 Key Market Developments
14.8.6 Key Strategies
14.9 Mama O's Premium Kimchi
14.9.1 Overview
14.9.2 Offerings
14.9.3 Key Financials
14.9.4 Business Segment & Geographic Overview
14.9.5 Key Market Developments
14.9.6 Key Strategies
14.10 Dongwon Group
14.10.1 Overview
14.10.2 Offerings
14.10.3 Key Financials
14.10.4 Business Segment & Geographic Overview
14.10.5 Key Market Developments
14.10.6 Key Strategies
14.11 Cosmos Food Co Inc
14.11.1 Overview
14.11.2 Offerings
14.11.3 Key Financials
14.11.4 Business Segment & Geographic Overview
14.11.5 Key Market Developments
14.11.6 Key Strategies
14.12 Urban Platter
14.12.1 Overview
14.12.2 Offerings
14.12.3 Key Financials
14.12.4 Business Segment & Geographic Overview
14.12.5 Key Market Developments
14.12.6 Key Strategies
14.13 Tazaki Foods
14.13.1 Overview
14.13.2 Offerings
14.13.3 Key Financials
14.13.4 Business Segment & Geographic Overview
14.13.5 Key Market Developments
14.13.6 Key Strategies
14.14 Top Gourmet Food Industries
14.14.1 Overview
14.14.2 Offerings
14.14.3 Key Financials
14.14.4 Business Segment & Geographic Overview
14.14.5 Key Market Developments
14.14.6 Key Strategies
