Kimchi Market Share, Size, Trends, Industry Analysis Report, By Type (Baechu Kimchi, Dongchimi, Kkakdugi, Pa Kimchi, Oi Sobagi, and Others); By Distribution Channel; By Region; Segment Forecast, 2023 - 2032

Kimchi Market Share, Size, Trends, Industry Analysis Report, By Type (Baechu Kimchi, Dongchimi, Kkakdugi, Pa Kimchi, Oi Sobagi, and Others); By Distribution Channel; By Region; Segment Forecast, 2023 - 2032

The global kimchi market size is expected to reach USD 5,571.16 million by 2032, according to a new study by Polaris Market Research. The report “Kimchi Market Share, Size, Trends, Industry Analysis Report, By Type (Baechu Kimchi, Dongchimi, Kkakdugi, Pa Kimchi, Oi Sobagi, and Others); By Distribution Channel; By Region; Segment Forecast, 2023 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The rising trend of veganism is the foremost factor augmenting the growth of the global market. Many people are turning to a vegan diet for health reasons. Studies have shown that a plant-based diet can reduce the risk of chronic diseases such as heart disease, type 2 diabetes, and some cancers. As a result, many businesses are investing in the market. For example, in July 2020, America’s tofu brand, Nasoya, expanded its line of vegan kimchi with the launch of Vegan Kimchi Relish, a new kimchi-based product. Likewise, many other brands contribute to the market to improve global revenue and expand their businesses. This is further escalating the market.

Expanding preferences for plant-based diets, rising consumer demand for wholesome and nourishing goods, and the straightforward accessibility of the product through various distribution channels are some of the significant and crucial factors that would probably promote the expansion of the kimchi market. As a result of the packaging innovations, kimchi refrigerators are now being frequently used to store kimchi. Such developments contribute by creating enormous opportunities that will fuel the market’s growth.

Growing preference for fermented foods and drinks is propelling the market’s growth. The preference for fermented foods and drinks, combined with the health benefits, taste, convenience, and cultural influence of kimchi, have contributed to the growth of the kimchi market. Fermented foods & beverages represent a noteworthy proportion of ethnic diets globally, normally around 1/3 of the food intake. However, kimchi is a versatile ingredient that can be used in various dishes and is available in pre-packaged jars or cans, making it a convenient and easy-to-use product for consumers. As a result, kimchi has gained huge popularity across many regions worldwide. Consequently, this factor is fueling the growth of the global market.

Kimchi Market Report Highlights

Baechu Kimchi segment accounts for the largest share of the global market. This is due to its beneficial aspects such as its flavorful and versatility as well as the growing consumption of this type of kimchi

Supermarket/ hypermarkets segment held the largest share of the global market. This is linked to various offerings and facilities like their distinct shelves in supermarkets, and heavy discounts

Asia Pacific held the largest share of 2022 due to huge consumption of kimchi products, growing health concerns among various countries, and the availability of kimchi in the region

The global players include CJ CHEILJEDANG, Lucky Foods, TOP GOURMET Food, Sunja's Kimchi, King's Asian Gourmet, Pulmuone Foods, Elaia Holdings, Tazaki Foods, and CHOI'S KIMCHI.

Polaris Market Research has segmented the Kimchi market report based on type, distribution channel, and region:

Kimchi, Type Outlook (Revenue - USD Million, 2019 - 2032)

Baechu Kimchi

Dongchimi

Kkakdugi

Pa Kimchi

Oi Sobagi

Others

Kimchi, By Distribution Channel Outlook (Revenue - USD Million, 2019 - 2032)

Departmental stores

Supermarkets/ Hypermarkets

Online Retail

Others

Kimchi, Regional Outlook (Revenue - USD Million, 2019 - 2032)

North America

U.S.

Canada

Europe

Germany

UK

France

Italy

Spain

Russia

Netherlands

Asia Pacific

China

India

Japan

South Korea

Indonesia

Malaysia

Latin America

Argentina

Brazil

Mexico

Middle East & Africa

UAE

Saudi Arabia

Israel

South Africa