The Kimchi Market is being driven by Product launches
The Kimchi Market is expected to grow at a CAGR of 5.1% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 1235.8 million. Kimchi, the traditional Korean fermented dish, is expanding its market reach through various retail channels. These channels include both online platforms and traditional brick-and-mortar stores. Notably, supermarkets, hypermarkets, and grocery stores are significantly increasing their presence by opening new retail outlets. This expansion allows kimchi to penetrate new geographic areas and demographics, enhancing its accessibility to a broader consumer base. By extending their reach into urban, suburban, and rural areas, retailers are making kimchi available to consumers who previously had limited access to this authentic Korean delicacy. This growth in retail channels not only offers greater convenience for consumers but also boosts the overall market potential for kimchi.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
227 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.1% |
Market growth 2025-2029 |
USD 1235.8 million |
Market structure |
market_structure.ucfirst |
YoY growth 2024-2025(%) |
4.8 |
Key countries |
South Korea, China, US, Japan, India, Canada, Germany, UK, France, and Italy |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Discover the vibrant world of Kimchi, a staple in Korean culture and cuisine. Explore traditional Kimchi making methods and its rich history. Delve into various Kimchi recipes, from spicy to vegan and vegetarian options. Uncover the benefits of this probiotic food for gut health and food preservation. Join the cultural exchange through food bloggers and influencers, showcasing diverse flavors and food styling. Subscribe to authentic Korean Kimchi and learn about its fermentation process, ingredients, and nutritional values. Embrace the trend of healthy fermented foods and expand your Asian food palate with sustainable and exotic options.
The Kimchi Market, a segment of the global packaged foods and meats industry, encompasses vendors specializing in the production of traditional Korean fermented dishes such as Napa cabbage Kimchi and Kkakdugi Kimchi. These unique, probiotic-rich foods offer consumers a refreshing, crunchy texture and diverse array of flavors, aligning with the growing trend towards home cooking and diverse dining experiences. The market's growth is driven by the health benefits associated with the consumption of minimally processed foods, including the rich nutrient content of vegetables, such as potassium, dietary fiber, folate, vitamin A, and vitamin C. Technavio projects the global packaged foods and meats market to grow, with the Kimchi Market contributing significantly due to its unique offerings and health advantages.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
Jesse Maida
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