Kimchi Market Size Forecast $ 6408.65 Million By 2032, CAGR: 5.3%

Kimchi Market Size Worth $ 6408.65 Million By 2032 | CAGR: 5.3%


The global Kimchi market size is expected to reach USD 6408.65 million by 2032, according to a new study by Polaris Market Research. The report “Kimchi Market Share, Size, Trends, Industry Analysis Report, By Type (Baechu Kimchi, Dongchimi, Kkakdugi, Pa Kimchi, Oi Sobagi, Others), By Distribution Channel, By Region, And Segment Forecasts, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

In recent years, there has been a surge of interest in kimchi-inspired items and fusion cuisines, leading to the expansion of the kimchi business beyond its Asian origins. Its ability to blend with other culinary traditions has made it a popular ingredient in various foods such as tacos and burgers.

Additionally, the industry has grown due to the increasing awareness of fermented foods and their positive impact on health. Also, the Korean government has launched the Global Kimchi Forum to declare Kimchi Day and raise awareness of fermented food and its tradition in Korean cuisine. For instance, In November 2023, The Korea Agro-Fisheries & Food Trade Corp. launched the Global Kimchi Forum and declared November 22nd as "Global Kimchi Day" during the Buy Korean Food trade expo in Seoul. This initiative aims to promote international cooperation towards the widespread adoption of this traditional Korean food

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A strong mix of traditional and modern variables fuels the fierce competitiveness in the kimchi industry. Traditional players, such as local and regional kimchi producers, are able to maintain their hegemony by relying on original recipes and close-knit communities. However, the industry has become more competitive due to the rise of global businesses and creative startups that bring new flavors, packaging, and distribution methods.

Furtherly, Online retail platforms serve as a hub for engagement, enabling producers to interact with customers through social media, share recipes, and cultivate a sense of community and loyalty among kimchi enthusiasts. As e-commerce continues to evolve, consumers worldwide can conveniently access and purchase kimchi products, further promoting the global presence of this beloved Korean culinary delight.

Kimchi Market Report Highlights

  • Baechu Kimchi held the largest market share in term of revenue in 2023. Baechu Kimchi also known as Napa cabbage kimchi, stands as the quintessential and widely recognized type of kimchi. Crafted through the fermentation process involving Napa cabbage, seafood, and lactic acid bacteria, this traditional Korean dish boasts regional diversity, particularly in coastal areas where seafood additions contribute to its varied flavors.
  • Online retail segment is expected to grow at high CAGR over the projected timeline. The advent of online retail has significantly expanded the global reach of kimchi producers, enabling them to connect with customers worldwide and fuelling the international popularity of this traditional Korean dish.
  • The global players include Choi's Kimchi, Sinto Gourmet, Cosmos Food Co., Real Pickles, Mama O’S Premium Kimchi, Dongwon F&B Co Ltd, CJ CheilJedang Corp., Daesang Corporation, Sunja’s Kimchi, Pulmuone Foods, Eden Foods, Tazaki Foods, JONGGA, Vvegano, and Bombucha.

Polaris Market Research has segmented the Kimchi market report based on type, distribution channel, and region:

Kimchi, Type Outlook (Revenue - USD Million, 2019 - 2032)

  • Baechu Kimchi
  • Dongchimi
  • Kkakdugi
  • Pa Kimchi
  • Oi Sobagi
  • Others

Kimchi, Distribution Channel Outlook (Revenue - USD Million, 2019 - 2032)

  • Departmental stores
  • Supermarkets/ Hypermarkets
  • Online Retail
  • Others

Kimchi, Regional Outlook (Revenue - USD Million, 2019 - 2032)

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Russia
    • Netherlands
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Indonesia
    • Malaysia
  • Latin America
    • Argentina
    • Brazil
    • Mexico
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • Israel
    • South Africa

Kimchi Market Report Scope

Report Attributes

Details

Market size value in 2024

USD 4,192.45 million

Revenue forecast in 2032

USD 6,408.65 million

CAGR

5.3% from 2024– 2032

Base year

2023

Historical data

2019 – 2022

Forecast period

2024 – 2032

Quantitative units

Revenue in USD million/billion and CAGR from 2024 to 2032

Segments covered

By Type, By Distribution Channel, By Region

Regional scope

North America, Europe, Asia Pacific, Latin America, Middle East & Africa

Customization

Report customization as per your requirements with respect to countries, region, and segmentation.

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License and Pricing

Purchase Report Sections

  • Regional analysis
  • Segmentation analysis
  • Industry outlook
  • Competitive landscape
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