Kimchi Industry Dynamics: Market Valuation, Growth Factors, and 2032 Predictions

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Market Estimation & Definition

The Kimchi Industry is projected to grow significantly, with an estimated value of USD 3.99 billion in 2024 and anticipated to reach USD 5.98 billion by 2032, expanding at a CAGR of 5.17% during the forecast period. Kimchi, a traditional Korean fermented food, is primarily made from napa cabbage, radish, and an assortment of spices and seafood-based seasonings. Renowned for its rich nutritional profile, including probiotics, vitamins, and minerals, kimchi has transcended its cultural origins to become a globally sought-after health food.

Market Overview:

Kimchi, a traditional Korean fermented food, is the flagship food of Korea. It is considered one of the most popular and healthiest foods in Korea and is gaining popularity across the world. Kimchi is made from various vegetables, red pepper, other spices, and fermented seafood. It is rich in various vitamins, minerals, dietary fibre, and other biological components. Kimchi is typically prepared with flavouring ingredients included and does not require further processing or desalting before consumption. Consumers around the globe are seeking new and sensory products rather than regular staple food products, which is expected to fuel the growth of the global kimchi market.

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Kimchi Exports from South Korea: A Global Phenomenon

South Korea is the world's largest exporter of kimchi. In 2022, South Korea exported over 140 million US dollars’ worth of kimchi to over 100 countries around the world. The top destinations for kimchi exports from South Korea are Japan, the United States, China, and Hong Kong. Over the years, South Korean Kimchi exports have demonstrated steady growth, showcasing the global appeal of this traditional fermented delicacy. As Kimchi continues to gain recognition for its unique flavors and nutritional benefits, South Korea's exports of this beloved dish have made a significant contribution to the country's global trade landscape

Market Dynamics:

Kimchi Market dynamics are thoroughly studied and explained in the MMR report, which helps reader to understand emerging Kimchi market trends, drivers, restraints, opportunities, and challenges at global and regional level for the Kimchi Market. Some of the dynamics illustrate below:

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Segmentation Analysis

The kimchi market is segmented based on

Based on Type, in 2024, the microphones segment dominated the market with nearly 52% market share. Baechu kimchi is the most popular type of kimchi, accounting for over half of the global market share. This is due to its versatility and widespread availability. Kkakdugi is the second most popular type of kimchi, followed by nabak kimchi, yeolmu kimchi, and baek kimchi. Other types of kimchi make up a smaller share of the market.

Based on Application, the supermarkets and hypermarkets Industry segment held the highest share in 2024 and is expected to continue its dominant position during the forecast period. Consumers readily access Baechu kimchi through the extensive range of kimchi products available at supermarkets and hypermarkets, making this segment poised to maintain its dominance in the kimchi market for several compelling reasons. Parallel to the Baechu kimchi category, the growth of emerging economies significantly influences the preference for supermarkets and hypermarkets. With the progression of these economies and their urbanization, consumer inclinations favor organized retail formats. Supermarkets and hypermarkets, in response, adapt by diversifying their product offerings, which include a wide array of kimchi products.

Consumer behavior and evolving trends further bolster the prominence of the supermarkets and hypermarkets segment within the kimchi market. Busy lifestyles and the desire for convenience drive consumers to opt for shopping at these retail outlets. The allure lies in the abundant assortment of kimchi products available, featuring various flavors and packaging choices, thus solidifying supermarkets and hypermarkets as a preferred choice among consumers.

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Key Players:

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

Competitive Analysis:

Key players in Kimchi market have adopted various strategies to expand their global presence and increase their market shares. Partnerships, agreements, mergers and acquisitions, and new product developments are some of the major strategies adopted by the market players, to achieve growth in the Kimchi market. Two recent announcements from prominent kimchi manufacturers, Wildbrine and Bibigo, highlight the growing popularity of kimchi in the United States.


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