The Kimchi Market to grow at a CAGR of 5.49% from 2022 to 2027|The growing demand for plant-based diets is a major trend - Technavio

NEW YORK, Aug. 7, 2023 /PRNewswire/ -- The kimchi market is to grow by USD 1,215.96 million between 2022 and 2027, and register a CAGR of 5.49%, according to Technavio's latest market research report estimates. With a focus on identifying dominant industry influencers, Technavio's reports present a detailed study by way of synthesis, and summation of data from multiple sources. This report offers an up-to-date analysis of the current market scenario, the latest trends and drivers, and the overall market environment. The report is segmented by Distribution Channel, Product, and Geography. APAC is estimated to contribute 81% to the growth of the global market during the forecast period. South Korea is one of the world's leading kimchi producers, exporters, and consumers. Other countries in the region such as Japan, China, and Taiwan also have strong demand for kimchi. In addition, major kimchi suppliers in the region are CJ CheilJedang, Daesang, Dongwon F&B, Elair Holdings, and Plum One. Therefore, these factors are expected to drive market growth in the region during the forecast period. Read our Sample Report

The report also covers the following areas:

• Kimchi Market size
• Kimchi Market trends
• Kimchi Market industry analysis

Kimchi Market 2023-2027: Segmentation

• Distribution Channel
• Offline
• Online
• Product 
• Conventional Kimchi
• Organic Kimchi
• Geography 
• APAC
• North America
• Europe
• Middle East and Africa
• South America

The market share growth by the offline segment will be significant during the forecast period. Physical stores like supermarkets, hypermarkets, convenience stores, and specialty stores are included in offline distribution channels for kimchi. Customers prefer these channels to inspect and buy kimchi due to its perishable nature. Offline channels continue to dominate as consumers want to see products before they buy. Therefore, these factors are expected to drive segment growth in the market during the forecast period.

Kimchi Market 2023-2027: Company Analysis and Scope

Some of the major companies of the kimchi market include Bombucha, Chois Kimchi LLC, CJ CheilJedang Corp., Cosmos Food Co. Inc., Daesang Corp., Dongwon Group, Eden Foods Inc., Gold Mine Natural Food Co., Kehoes Kitchen Pty Ltd., Kimchi Club Pty Ltd., Kings Asian Gourmet, Lucky Foods, MILKimchi Inc., Pulmuone Foods USA, Real Pickles, Sinto Gourmet LLC, Sunjas Oriental Foods Inc., T BROTHERS FOOD and TRADING LTD., Tazaki Foods Ltd., and VOLCANO KIMCHI. To help businesses improve their market position, Technavio's report provides a detailed analysis of around 15+ companies operating in the market.

Company Offering

• Chois Kimchi LLC - The company offers kimchi solutions such as canned kimchi tuna, kimchi ramyun noodle soup, and oolongmen kimchi cup.
• CJ CheilJedang Corp - The company offers kimchi under the brand name of Hasunjung namely Hasunjung Kimchi.
• Eden Foods Inc. - The company offers kimchi namely Sauerkraut Kimchi Organic 18 oz.

What's New?

• Special coverage on the Russia-Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession 
• Global competitiveness and key competitor positions 
• Market presence across multiple geographical footprints - Strong/Active/Niche/Trivial - buy the report!

Kimchi Market 2023-2027: Market Dynamics

Key Drivers

Product launches are the key factors driving market growth. Companies are actively working to diversify their product lines and gain a competitive edge in the market by introducing new kimchi flavors. Some companies are experimenting with additional ingredients to offer kimchi variations that offer health benefits to consumers. Pulmuone, for example, launched 100% plant-based kimchi under the Nasoya brand. It's cholesterol-free, vegan, free of artificial flavors and preservatives, and targets health-conscious consumers. Hence, these factors are expected to drive market growth during the forecast period.

Major Trends

The growing demand for plant-based diets is a major trend in the market. The growing popularity of plant-based diets is driven by growing consumer interest in healthy eating. Concern about the health risks of eating meat and an emphasis on animal welfare have led people to adopt a plant-based diet. Plant-based foods contain important nutrients such as fiber, antioxidants, vitamins, and beneficial plant compounds. As countries face rising rates of obesity, more and more people are moving to plant-based diets to prevent health problems. Hence, increasing demand for plant-based diets is expected to drive market growth during the forecast period.

Significant Challenges

Product recalls are a significant challenge restricting market growth. Kimchi manufacturers around the world rely on third-party suppliers for ingredients such as cabbage, radishes, onions, chili peppers, garlic, and ginger. Improper handling of these raw materials can affect the quality of kimchi. If kimchi poses a risk to consumer safety, regulators could act, including store closures and product recalls. For example, the FDA recalled cabbage kimchi due to possible Listeria contamination. Thus, the possible occurrence of product recalls is expected to restrict market growth during the forecast period.

Drivers, Trends, and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report!

Kimchi Market 2023-2027: Key Highlights

• CAGR of the market during the forecast period 2023-2027
• Detailed information on factors that will assist kimchi market growth during the next five years.
• Estimation of the kimchi market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the kimchi market
• Analysis of the market's competitive landscape and detailed information on companies
• Comprehensive details of factors that will challenge the growth of kimchi market companies.

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Table of Contents

1 Executive Summary

• 1.1 Market Overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Distribution Channel
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Product
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Company Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 12: Offerings of companies included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global kimchi market 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on global kimchi market 2017 - 2021 ($ million)

• 4.2 Distribution Channel Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – Distribution Channel Segment 2017 - 2021 ($ million)

• 4.3 Product Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – Product Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Distribution Channel

• 6.1 Market segments
• Exhibit 30: Chart on Distribution Channel - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Distribution Channel - Market share 2022-2027 (%)

• 6.2 Comparison by Distribution Channel 
• Exhibit 32: Chart on Comparison by Distribution Channel
• Exhibit 33: Data Table on Comparison by Distribution Channel

• 6.3 Offline - Market size and forecast 2022-2027 
• Exhibit 34: Chart on Offline - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Offline - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Offline - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Offline - Year-over-year growth 2022-2027 (%)

• 6.4 Online - Market size and forecast 2022-2027 
• Exhibit 38: Chart on Online - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Online - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Online - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Online - Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by Distribution Channel 
• Exhibit 42: Market opportunity by Distribution Channel ($ million)
• Exhibit 43: Data Table on Market opportunity by Distribution Channel ($ million)

7 Market Segmentation by Product

• 7.1 Market segments
• Exhibit 44: Chart on Product - Market share 2022-2027 (%)
• Exhibit 45: Data Table on Product - Market share 2022-2027 (%)

• 7.2 Comparison by Product 
• Exhibit 46: Chart on Comparison by Product
• Exhibit 47: Data Table on Comparison by Product

• 7.3 Conventional kimchi - Market size and forecast 2022-2027 
• Exhibit 48: Chart on Conventional kimchi - Market size and forecast 2022-2027 ($ million)
• Exhibit 49: Data Table on Conventional kimchi - Market size and forecast 2022-2027 ($ million)
• Exhibit 50: Chart on Conventional kimchi - Year-over-year growth 2022-2027 (%)
• Exhibit 51: Data Table on Conventional kimchi - Year-over-year growth 2022-2027 (%)

• 7.4 Organic kimchi - Market size and forecast 2022-2027 
• Exhibit 52: Chart on Organic kimchi - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Data Table on Organic kimchi - Market size and forecast 2022-2027 ($ million)
• Exhibit 54: Chart on Organic kimchi - Year-over-year growth 2022-2027 (%)
• Exhibit 55: Data Table on Organic kimchi - Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Product 
• Exhibit 56: Market opportunity by Product ($ million)
• Exhibit 57: Data Table on Market opportunity by Product ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 58: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation
• Exhibit 59: Chart on Market share by geography 2022-2027 (%)
• Exhibit 60: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 61: Chart on Geographic comparison
• Exhibit 62: Data Table on Geographic comparison

• 9.3 APAC - Market size and forecast 2022-2027 
• Exhibit 63: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 64: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 65: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 66: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.4 North America - Market size and forecast 2022-2027 
• Exhibit 67: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 68: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 69: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 70: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.5 Europe - Market size and forecast 2022-2027 
• Exhibit 71: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 72: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 73: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 74: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.6 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 75: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 76: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 77: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 78: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.7 South America - Market size and forecast 2022-2027 
• Exhibit 79: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 80: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 81: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 82: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.8 South Korea - Market size and forecast 2022-2027 
• Exhibit 83: Chart on South Korea - Market size and forecast 2022-2027 ($ million)
• Exhibit 84: Data Table on South Korea - Market size and forecast 2022-2027 ($ million)
• Exhibit 85: Chart on South Korea - Year-over-year growth 2022-2027 (%)
• Exhibit 86: Data Table on South Korea - Year-over-year growth 2022-2027 (%)

• 9.9 Japan - Market size and forecast 2022-2027 
• Exhibit 87: Chart on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 88: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 89: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.10 China - Market size and forecast 2022-2027 
• Exhibit 91: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 92: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 93: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.11 US - Market size and forecast 2022-2027 
• Exhibit 95: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 96: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 97: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.12 UK - Market size and forecast 2022-2027 
• Exhibit 99: Chart on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 100: Data Table on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 101: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 102: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 103: Market opportunity by geography ($ million)
• Exhibit 104: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 105: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Company Landscape

• 11.1 Overview

• 11.2 Company Landscape 
• Exhibit 106: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption
• Exhibit 107: Overview on factors of disruption

• 11.4 Industry risks
• Exhibit 108: Impact of key risks on business

12 Company Analysis

• 12.1 Companies covered 
• Exhibit 109: Companies covered

• 12.2 Market positioning of companies 
• Exhibit 110: Matrix on company position and classification

• 12.3 Chois Kimchi LLC
• Exhibit 111: Chois Kimchi LLC - Overview
• Exhibit 112: Chois Kimchi LLC - Product / Service
• Exhibit 113: Chois Kimchi LLC - Key offerings

• 12.4 CJ CheilJedang Corp.
• Exhibit 114: CJ CheilJedang Corp. - Overview
• Exhibit 115: CJ CheilJedang Corp. - Business segments
• Exhibit 116: CJ CheilJedang Corp. - Key offerings
• Exhibit 117: CJ CheilJedang Corp. - Segment focus

• 12.5 Cosmos Food Co. Inc.
• Exhibit 118: Cosmos Food Co. Inc. - Overview
• Exhibit 119: Cosmos Food Co. Inc. - Product / Service
• Exhibit 120: Cosmos Food Co. Inc. - Key offerings

• 12.6 Daesang Corp.
• Exhibit 121: Daesang Corp. - Overview
• Exhibit 122: Daesang Corp. - Product / Service
• Exhibit 123: Daesang Corp. - Key offerings

• 12.7 Eden Foods Inc.
• Exhibit 124: Eden Foods Inc. - Overview
• Exhibit 125: Eden Foods Inc. - Product / Service
• Exhibit 126: Eden Foods Inc. - Key offerings

• 12.8 Gold Mine Natural Food Co. 
• Exhibit 127: Gold Mine Natural Food Co. - Overview
• Exhibit 128: Gold Mine Natural Food Co. - Product / Service
• Exhibit 129: Gold Mine Natural Food Co. - Key offerings

• 12.9 Kehoes Kitchen Pty Ltd. 
• Exhibit 130: Kehoes Kitchen Pty Ltd. - Overview
• Exhibit 131: Kehoes Kitchen Pty Ltd. - Product / Service
• Exhibit 132: Kehoes Kitchen Pty Ltd. - Key offerings

• 12.10 Kimchi Club Pty Ltd.
• Exhibit 133: Kimchi Club Pty Ltd. - Overview
• Exhibit 134: Kimchi Club Pty Ltd. - Product / Service
• Exhibit 135: Kimchi Club Pty Ltd. - Key offerings

• 12.11 Kings Asian Gourmet
• Exhibit 136: Kings Asian Gourmet - Overview
• Exhibit 137: Kings Asian Gourmet - Product / Service
• Exhibit 138: Kings Asian Gourmet - Key offerings

• 12.12 MILKimchi Inc.
• Exhibit 139: MILKimchi Inc. - Overview
• Exhibit 140: MILKimchi Inc. - Product / Service
• Exhibit 141: MILKimchi Inc. - Key offerings

• 12.13 Pulmuone Foods USA
• Exhibit 142: Pulmuone Foods USA - Overview
• Exhibit 143: Pulmuone Foods USA - Product / Service
• Exhibit 144: Pulmuone Foods USA - Key offerings

• 12.14 Real Pickles
• Exhibit 145: Real Pickles - Overview
• Exhibit 146: Real Pickles - Product / Service
• Exhibit 147: Real Pickles - Key offerings

• 12.15 Sinto Gourmet LLC
• Exhibit 148: Sinto Gourmet LLC - Overview
• Exhibit 149: Sinto Gourmet LLC - Product / Service
• Exhibit 150: Sinto Gourmet LLC - Key offerings

• 12.16 T BROTHERS FOOD and TRADING LTD. 
• Exhibit 151: T BROTHERS FOOD and TRADING LTD. - Overview
• Exhibit 152: T BROTHERS FOOD and TRADING LTD. - Product / Service
• Exhibit 153: T BROTHERS FOOD and TRADING LTD. - Key offerings

• 12.17 Tazaki Foods Ltd.
• Exhibit 154: Tazaki Foods Ltd. - Overview
• Exhibit 155: Tazaki Foods Ltd. - Product / Service
• Exhibit 156: Tazaki Foods Ltd. - Key offerings

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 157: Inclusions checklist
• Exhibit 158: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 159: Currency conversion rates for US$

• 13.4 Research methodology
• Exhibit 160: Research methodology
• Exhibit 161: Validation techniques employed for market sizing
• Exhibit 162: Information sources

• 13.5 List of abbreviations
• Exhibit 163: List of abbreviations

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