Kimchi Market to record USD 975.93 Mn growth; Market structure to be fragmented in nature - Technavio

NEW YORK, Nov. 14, 2022 /PRNewswire/ -- The "Kimchi Market by Product and Geography - Forecast and Analysis 2022-2026" report has been added to Technavio's offering. The report expects the market size to grow by USD 975.93 million between 2021 and 2026. However, the growth momentum is expected to decelerate at a CAGR of 4.8% during the forecast period. The market is fragmented owing to the presence of many vendors such as Cosmos Food Co. Inc. and Daesang Corp. with differentiated product portfolios. The vendors are trying to increase their sales and market share and achieve a competitive edge by expanding their offerings with new variants of kimchi. Certain vendors operating in the market are increasing their sales by opening new manufacturing facilities. The vendors operating in the market in focus are also witnessing certain challenges. One of the major challenges is product recalls in the kimchi market. Understand how the purchase of the report can have a direct impact on your revenue. Download a Free PDF Sample Report

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

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The global kimchi market is segmented as below:

• Product 
• Conventional Kimchi
• Organic Kimchi

The market growth in the conventional kimchi segment will be significant over the forecast period. Conventional kimchi uses ingredients such as cabbage, radish, onion, garlic, and ginger that are produced by conventional farming. This form of farming is more popular compared with organic production. This makes the market for conventional kimchi larger compared with that of organic kimchi.

• Geography 
• APAC
• North America
• Europe
• Middle East and Africa
• South America

82% of the market growth will come from APAC during the forecast period. Some government organizations in the region are providing support for the development of the kimchi market. For instance, in March 2019, the Ministry of Agriculture, Food and Rural Affairs (MAFRA) in South Korea announced its plans to cut the costs of the ingredients for kimchi manufacturing companies. It also keeps a check on the kimchi sold in the market to guarantee safety. Such initiatives by government organizations are likely to increase the production and sales of kimchi in APAC during the forecast period. Discover other major revenue generating segments in the market. Request a Free Sample Report

We provide a detailed analysis of around 25 vendors operating in the kimchi market, including some of the dominant vendors. 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.

Bombucha, CJ CheilJedang Corp., Cosmos Food Co. Inc., Daesang Corp., Eden Foods Inc., Elaia Holdings (Hong Kong) Ltd, Gold Mine Natural Food Co., Kehoes Kitchen Pty Ltd, Kimchi Club Pty Ltd., Kings Asian Gourmet, Korea Food Trading Ltd., KOREAN BAPSANG, 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 are some of the major market participants. Although the product launches 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.

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• CAGR of the market during the forecast period 2022-2026
• 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 vendors
• Comprehensive details of factors that will challenge the growth of kimchi market vendors

• The noodles market share is expected to increase by USD 15.97 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 5.73%. The Increasing demand for regional and ethnic cuisines is a key factor driving the global noodles market growth. However, fluctuating raw material prices will challenge market growth.
• The reishi mushroom market share is expected to increase by USD 1.66 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 7.87%. The health-promoting benefits of medicinal mushrooms are notably driving the reishi mushroom market growth, although factors such as stringent regulations and guidelines may impede the market growth.

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 Product
• Exhibit 06: Executive Summary – Chart on Incremental Growth
• Exhibit 07: Executive Summary – Data Table on Incremental Growth
• Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 09: Parent market
• Exhibit 10: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 11: Offerings of vendors included in the market definition

• 3.2 Market segment analysis
• Exhibit 12: Market segments

• 3.3 Market size 2021

• 3.4 Market outlook: Forecast for 2021-2026
• Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
• Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

• 4.1 Five forces summary
• Exhibit 17: Five forces analysis - Comparison between 2021 and 2026

• 4.2 Bargaining power of buyers
• Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

• 4.3 Bargaining power of suppliers
• Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

• 4.4 Threat of new entrants
• Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

• 4.5 Threat of substitutes
• Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

• 4.6 Threat of rivalry
• Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

• 4.7 Market condition
• Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Product

• 5.1 Market segments
• Exhibit 24: Chart on Product - Market share 2021-2026 (%)
• Exhibit 25: Data Table on Product - Market share 2021-2026 (%)

• 5.2 Comparison by Product
• Exhibit 26: Chart on Comparison by Product
• Exhibit 27: Data Table on Comparison by Product

• 5.3 Conventional kimchi - Market size and forecast 2021-2026
• Exhibit 28: Chart on Conventional kimchi - Market size and forecast 2021-2026 ($ million)
• Exhibit 29: Data Table on Conventional kimchi - Market size and forecast 2021-2026 ($ million)
• Exhibit 30: Chart on Conventional kimchi - Year-over-year growth 2021-2026 (%)
• Exhibit 31: Data Table on Conventional kimchi - Year-over-year growth 2021-2026 (%)

• 5.4 Organic kimchi - Market size and forecast 2021-2026
• Exhibit 32: Chart on Organic kimchi - Market size and forecast 2021-2026 ($ million)
• Exhibit 33: Data Table on Organic kimchi - Market size and forecast 2021-2026 ($ million)
• Exhibit 34: Chart on Organic kimchi - Year-over-year growth 2021-2026 (%)
• Exhibit 35: Data Table on Organic kimchi - Year-over-year growth 2021-2026 (%)

• 5.5 Market opportunity by Product
• Exhibit 36: Market opportunity by Product ($ million)

6 Customer Landscape

• 6.1 Customer landscape overview
• Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

• 7.1 Geographic segmentation
• Exhibit 38: Chart on Market share by geography 2021-2026 (%)
• Exhibit 39: Data Table on Market share by geography 2021-2026 (%)

• 7.2 Geographic comparison
• Exhibit 40: Chart on Geographic comparison
• Exhibit 41: Data Table on Geographic comparison

• 7.3 APAC - Market size and forecast 2021-2026
• Exhibit 42: Chart on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 43: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 44: Chart on APAC - Year-over-year growth 2021-2026 (%)
• Exhibit 45: Data Table on APAC - Year-over-year growth 2021-2026 (%)

• 7.4 North America - Market size and forecast 2021-2026
• Exhibit 46: Chart on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 47: Data Table on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 48: Chart on North America - Year-over-year growth 2021-2026 (%)
• Exhibit 49: Data Table on North America - Year-over-year growth 2021-2026 (%)

• 7.5 Europe - Market size and forecast 2021-2026
• Exhibit 50: Chart on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 51: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 52: Chart on Europe - Year-over-year growth 2021-2026 (%)
• Exhibit 53: Data Table on Europe - Year-over-year growth 2021-2026 (%)

• 7.6 Middle East and Africa - Market size and forecast 2021-2026
• Exhibit 54: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 55: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 56: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
• Exhibit 57: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

• 7.7 South America - Market size and forecast 2021-2026
• Exhibit 58: Chart on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 59: Data Table on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 60: Chart on South America - Year-over-year growth 2021-2026 (%)
• Exhibit 61: Data Table on South America - Year-over-year growth 2021-2026 (%)

• 7.8 South Korea - Market size and forecast 2021-2026
• Exhibit 62: Chart on South Korea - Market size and forecast 2021-2026 ($ million)
• Exhibit 63: Data Table on South Korea - Market size and forecast 2021-2026 ($ million)
• Exhibit 64: Chart on South Korea - Year-over-year growth 2021-2026 (%)
• Exhibit 65: Data Table on South Korea - Year-over-year growth 2021-2026 (%)

• 7.9 Japan - Market size and forecast 2021-2026
• Exhibit 66: Chart on Japan - Market size and forecast 2021-2026 ($ million)
• Exhibit 67: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
• Exhibit 68: Chart on Japan - Year-over-year growth 2021-2026 (%)
• Exhibit 69: Data Table on Japan - Year-over-year growth 2021-2026 (%)

• 7.10 China - Market size and forecast 2021-2026
• Exhibit 70: Chart on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 71: Data Table on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 72: Chart on China - Year-over-year growth 2021-2026 (%)
• Exhibit 73: Data Table on China - Year-over-year growth 2021-2026 (%)

• 7.11 US - Market size and forecast 2021-2026
• Exhibit 74: Chart on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 75: Data Table on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 76: Chart on US - Year-over-year growth 2021-2026 (%)
• Exhibit 77: Data Table on US - Year-over-year growth 2021-2026 (%)

• 7.12 UK - Market size and forecast 2021-2026
• Exhibit 78: Chart on UK - Market size and forecast 2021-2026 ($ million)
• Exhibit 79: Data Table on UK - Market size and forecast 2021-2026 ($ million)
• Exhibit 80: Chart on UK - Year-over-year growth 2021-2026 (%)
• Exhibit 81: Data Table on UK - Year-over-year growth 2021-2026 (%)

• 7.13 Market opportunity by geography
• Exhibit 82: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

• 8.1 Market drivers

• 8.2 Market challenges

• 8.3 Impact of drivers and challenges
• Exhibit 83: Impact of drivers and challenges in 2021 and 2026

• 8.4 Market trends

9 Vendor Landscape

• 9.1 Overview

• 9.2 Vendor landscape
• Exhibit 84: Overview on Criticality of inputs and Factors of differentiation

• 9.3 Landscape disruption
• Exhibit 85: Overview on factors of disruption

• 9.4 Industry risks
• Exhibit 86: Impact of key risks on business

10 Vendor Analysis

• 10.1 Vendors covered
• Exhibit 87: Vendors covered

• 10.2 Market positioning of vendors
• Exhibit 88: Matrix on vendor position and classification

• 10.3 CJ CheilJedang Corp.
• Exhibit 89: CJ CheilJedang Corp. - Overview
• Exhibit 90: CJ CheilJedang Corp. - Business segments
• Exhibit 91: CJ CheilJedang Corp. - Key offerings
• Exhibit 92: CJ CheilJedang Corp. - Segment focus

• 10.4 Cosmos Food Co. Inc.
• Exhibit 93: Cosmos Food Co. Inc. - Overview
• Exhibit 94: Cosmos Food Co. Inc. - Product / Service
• Exhibit 95: Cosmos Food Co. Inc. - Key offerings

• 10.5 Daesang Corp.
• Exhibit 96: Daesang Corp. - Overview
• Exhibit 97: Daesang Corp. - Product / Service
• Exhibit 98: Daesang Corp. - Key offerings

• 10.6 Elaia Holdings (Hong Kong) Ltd
• Exhibit 99: Elaia Holdings (Hong Kong) Ltd - Overview
• Exhibit 100: Elaia Holdings (Hong Kong) Ltd - Product / Service
• Exhibit 101: Elaia Holdings (Hong Kong) Ltd - Key offerings

• 10.7 MILKimchi Inc.
• Exhibit 102: MILKimchi Inc. - Overview
• Exhibit 103: MILKimchi Inc. - Product / Service
• Exhibit 104: MILKimchi Inc. - Key offerings

• 10.8 Pulmuone Foods USA
• Exhibit 105: Pulmuone Foods USA - Overview
• Exhibit 106: Pulmuone Foods USA - Product / Service
• Exhibit 107: Pulmuone Foods USA - Key offerings

• 10.9 Sinto Gourmet LLC
• Exhibit 108: Sinto Gourmet LLC - Overview
• Exhibit 109: Sinto Gourmet LLC - Product / Service
• Exhibit 110: Sinto Gourmet LLC - Key offerings

• 10.10 Sunjas Oriental Foods Inc
• Exhibit 111: Sunjas Oriental Foods Inc - Overview
• Exhibit 112: Sunjas Oriental Foods Inc - Product / Service
• Exhibit 113: Sunjas Oriental Foods Inc - Key offerings

• 10.11 T BROTHERS FOOD and TRADING LTD
• Exhibit 114: T BROTHERS FOOD and TRADING LTD - Overview
• Exhibit 115: T BROTHERS FOOD and TRADING LTD - Product / Service
• Exhibit 116: T BROTHERS FOOD and TRADING LTD - Key offerings

• 10.12 Tazaki Foods Ltd.
• Exhibit 117: Tazaki Foods Ltd. - Overview
• Exhibit 118: Tazaki Foods Ltd. - Product / Service
• Exhibit 119: Tazaki Foods Ltd. - Key offerings

11 Appendix

• 11.1 Scope of the report

• 11.2 Inclusions and exclusions checklist
• Exhibit 120: Inclusions checklist
• Exhibit 121: Exclusions checklist

• 11.3 Currency conversion rates for US$
• Exhibit 122: Currency conversion rates for US$

• 11.4 Research methodology
• Exhibit 123: Research methodology
• Exhibit 124: Validation techniques employed for market sizing
• Exhibit 125: Information sources

• 11.5 List of abbreviations
• Exhibit 126: List of abbreviations

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