Global Kimchi Market Report and Forecast 2024-2032

Global Kimchi Market Report and Forecast 2024-2032

Market Outlook

According to the report by Expert Market Research (EMR), the global kimchi market size reached a value of around USD 4030.40 million in 2023. Aided by the increasing demand for fermented food products and the growing awareness of the health benefits associated with kimchi, the market is projected to grow at a CAGR of 5.20% between 2024 and 2032 to reach a value of nearly USD 6363.91 million by 2032.

Kimchi, a traditional Korean dish made from fermented vegetables, primarily napa cabbage and Korean radishes, is renowned for its rich nutritional profile and unique taste. This staple food is packed with vitamins, minerals, and probiotics, contributing to its popularity as a health-promoting food product globally.

The increasing consumer preference for fermented and probiotic-rich foods is driving the global kimchi market growth. With rising awareness of the health benefits associated with consuming fermented foods, such as improved digestion and enhanced immune function, there has been a significant shift towards incorporating these products into daily diets. This trend is further supported by the growing popularity of functional foods and beverages that offer added health benefits beyond basic nutrition.

The expanding applications of kimchi in various culinary traditions also play a significant role in propelling the market. As per the kimchi market analysis, kimchi's versatility as a side dish, condiment, or ingredient in soups, stews, and stir-fries makes it a valuable addition to various cuisines. Its unique flavour profile, combining sour, spicy, and umami notes, enhances the taste of numerous dishes, thereby boosting its demand in the food service industry.

Moreover, the growing trend of clean eating and the increasing preference for natural and minimally processed foods have further contributed to the kimchi market development. Consumers are increasingly seeking food products that are free from artificial additives and preservatives, leading to a surge in demand for traditionally prepared kimchi.

The market has witnessed several key developments that have significantly influenced its growth. The increasing focus on product innovation and diversification has led to the introduction of various kimchi flavours and variants, catering to different consumer preferences and dietary needs. The kimchi market outlook suggests that manufacturers are experimenting with different vegetables, spices, and fermentation techniques to create unique and appealing kimchi products.

The growing popularity of plant-based diets has also driven the market growth, with an increasing number of consumers seeking vegan and vegetarian kimchi options. Traditional kimchi often contain fish sauce or shrimp paste, but the demand for plant-based alternatives has led to the development of vegan kimchi varieties, which use plant-based ingredients to achieve the desired flavour and texture.

The influence of Korean cuisine and culture, often referred to as the "K-wave" or "Hallyu," has significantly boosted the kimchi market expansion. The widespread popularity of Korean dramas, music, and other cultural exports has increased international interest in Korean food, with kimchi being one of the most recognisable and sought-after dishes.

The North America market is driven by the increasing consumer awareness of the health benefits of fermented foods and the growing popularity of Korean cuisine. The presence of a large Asian-American population and the influence of the K-wave have further boosted the demand for kimchi in this region. Europe is a significant market for kimchi, with countries like Germany, the UK, and France leading the demand. The growing trend of health and wellness and the increasing interest in global cuisines have contributed to the growth of the kimchi market in this region.

Market Segmentation

The market can be divided based on type, nature, end use, and region.

Market Breakup by Type

• Kimchi Relish
• Cabbage Kimchi
• Cucumber Kimchi
• Red Mustard Leaf Kimchi
• Others

Market Breakup by Nature

• Organic
• Conventional

Market Breakup by End Use

• Food Service Industry
• Retail/Household

Market Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global kimchi market. Some of the major players explored in the report by Expert Market Research are as follows:

• CHOI'S KIMCHI CO.
• Daesang Corporation
• CJ CheilJedang Corp.
• Pulmuone Corporate
• TOP GOURMET Food Industries Pte Ltd.
• Sinto Gourmet
• Lucky Foods
• Tazaki Foods Ltd.
• Real Pickles
• Mama O's Premium Kimchi
• Others

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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.