According to the recent study the kimchi market is projected to reach an estimated $XX billion by 2028 from $XX billion in 2023, at a CAGR of 4% to 6% from 2023 to 2028. Growth in this market is primarily driven by increasing applications in infant formulas and dietary supplements, advertising campaigns including celebrity endorsements to boost overall sales, and the emergence of prominent raw material sources provides significant opportunity.
Browse XX figures / charts and XX tables in this 150 -page report to understand trends, opportunities and forecast in kimchi market by product type (baechu kimchi, kkakdugi, nabak, yeolmu kimchi, and baek), distribution channel (departmental stores, supermarkets/ hypermarkets, online retail, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
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“Baechu kimchi market is expected to remain the largest segment during the forecast period.”
Based on product type, the kimchi market is segmented into baechu kimchi, kkakdugi, nabak, yeolmu kimchi, and baek. Lucintel forecasts that the baechu kimchi market is expected to remain the largest segment due to its flavourful and versatile nature. It can be eaten fresh and is juicy and delicious when newly made and have good storage capacity.
“Within the kimchi market, the supermarkets/hypermarkets segment is expected to remain the largest distribution channel”
Based on distribution channel the supermarkets/hypermarkets segment is expected to witness the highest growth over the forecast period due to their many offerings and facilities such as distinct shelves in supermarkets and heavy discounts.
“Asia pacific will dominate the kimchi market in near future”
APAC will remain the largest region due to rising demand for plant-based diets and rising consumption of healthy and nutritious products in the region.
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Major players of kimchi market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Cosmos Food, CJ CheilJedang, Dongwon F&B, Elaia Holdings, Tazaki Foods, Daesang, and Eden Foods are among the major kimchi providers.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/kimchi-market.aspx or [email protected]