Lucintel's latest market report analyzed that kimchi provides attractive opportunities in the departmental stores, supermarkets/ hypermarkets, and online retail sectors. The kimchi market is expected to reach $XX billion by 2028 with a CAGR of 4% to 6%. In this market, baechu kimchi is the largest segment by product type, whereas supermarkets/hypermarkets is largest by distribution channel. Increasing preference for fermented food and beverages to improve demand of kimchi, rising demand for vegan products, and growing influence of online retailing and growing demand for plant-based diets provides strategic growth path in this market.
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Based on product type, the kimchi market is segmented into baechu kimchi, kkakdugi, nabak, yeolmu kimchi, and baek. The baechu kimchi segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, 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.
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The Kimchi Market is marked by the presence of several big and small players. Some of the prominent players offering kimchi include Cosmos Food, CJ CheilJedang, Dongwon F&B, Elaia Holdings, Tazaki Foods, Daesang, and Eden Foods.
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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 [email protected].
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. 972.636.5056
Cell: 303.775.0751
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