Kimchi Market by Product and Geography - Forecast and Analysis 2020-2024

The kimchi market and it is poised to grow by USD 2.39 bn during 2020-2024, progressing at a CAGR of almost 8% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. MILKimchi Inc., Pulmuone Co. Ltd., Sinto Gourmet LLC, Sunja’s Oriental Foods Inc. and Tazaki Foods Ltd. are some of the major market participants. Although the health benefits offered by kimchi will offer immense growth opportunities, product recalls will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Health benefits offered by kimchi has been instrumental in driving the growth of the market. However, product recalls might hamper market growth. Request a free sample report

Kimchi Market 2020-2024: Segmentation

Kimchi Market is segmented as below:

Product

• Conventional Kimchi
• Organic Kimchi

Geographic Segmentation

• APAC
• Europe
• MEA
• North America
• South America

Kimchi Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our kimchi market report covers the following areas:

• Kimchi Market Size
• Kimchi Market Trends
• Kimchi Market Industry Analysis

This study identifies growing demand for plant-based diets as one of the prime reasons driving the kimchi market growth during the next few years.

Kimchi Market 2020-2024: Vendor Analysis

We provide a detailed analysis of around 25 vendors operating in the kimchi market , including some of the vendors such as MILKimchi Inc., Pulmuone Co. Ltd., Sinto Gourmet LLC, Sunja’s Oriental Foods Inc. and Tazaki Foods Ltd. Backed with competitive intelligence and benchmarking, our research reports on the kimchi market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.