PUBLISHER: Grand View Research | PRODUCT CODE: 1530213
PUBLISHER: Grand View Research | PRODUCT CODE: 1530213
The global kimchi market size is anticipated to reach USD 6,888 million by 2030 and is projected to grow at a CAGR of 4.9% from 2024 to 2030, according to a new report by Grand View Research, Inc. Kimchi, a traditional Korean fermented dish, has seen a remarkable surge in global demand, particularly in markets like the U.S. and Japan. This increase is fueled by the rising popularity of Korean cuisine, driven in part by the global influence of K-culture, including K-pop, K-dramas, and Korean films. Consumers are increasingly drawn to kimchi not only for its unique and vibrant flavors but also for its health benefits, such as its probiotic properties that support digestive health and boost immunity. This growing interest has resulted in significant export growth, with South Korea's kimchi exports reaching record highs in recent years.
Key players in the global market, including Daesang, CJ CheilJedang, and Pulmuone, are actively expanding their production capabilities and innovating their product lines to meet this growing demand. For instance, Daesang has recently (as of 2024) expanded its manufacturing plants in Vietnam to boost local production and introduce new kimchi products tailored to regional tastes. Companies are also diversifying their offerings by creating convenient, ready-to-eat kimchi and experimenting with new flavors and ingredients, such as turmeric and beetroot, to appeal to a broader range of consumers. These innovations are helping to make kimchi more accessible and appealing to international markets.
Despite the robust growth, the market faces challenges such as fluctuating raw material costs and competition from locally produced alternatives in various international markets. However, the future prospects remain strong as the global appetite for Korean cuisine continues to grow. The increasing awareness of the health benefits associated with fermented foods, coupled with the ongoing trend of exploring diverse culinary experiences, is expected to sustain the demand for kimchi.
7.3.1.2.1. Market estimates and forecast, 2018 - 2030, (USD Million, Metric Tons)
7.3.1.3.1. Market estimates and forecast, 2018 - 2030, (USD Million, Metric Tons)
7.3.1.4.1. Market estimates and forecast, 2018 - 2030, (USD Million, Metric Tons)
7.3.1.5.1. Market estimates and forecast, 2018 - 2030, (USD Million, Metric Tons)
8.3.1.2.1. Key country dynamics
8.3.1.2.2. Market estimates and forecast, 2018 - 2030, (USD Million, Metric Tons)
8.3.1.3.1. Key country dynamics
8.3.1.3.2. Market estimates and forecast, 2018 - 2030, (USD Million, Metric Tons)
8.3.2.2.1. Key country dynamics
8.3.2.2.2. Market estimates and forecast, 2018 - 2030, (USD Million, Metric Tons)
8.3.2.3.1. Key country dynamics
8.3.2.3.2. Market estimates and forecast, 2018 - 2030, (USD Million, Metric Tons)
8.3.2.4.1. Key country dynamics
8.3.2.4.2. Market estimates and forecast, 2018 - 2030, (USD Million, Metric Tons)
8.3.2.5.1. Key country dynamics
8.3.2.5.2. Market estimates and forecast, 2018 - 2030, (USD Million, Metric Tons)
8.3.3.2.1. Key country dynamics
8.3.3.2.2. Market estimates and forecast, 2018 - 2030, (USD Million, Metric Tons)
8.3.3.3.1. Key country dynamics
8.3.3.3.2. Market estimates and forecast, 2018 - 2030, (USD Million, Metric Tons)
8.3.3.4.1. Key country dynamics
8.3.3.4.2. Market estimates and forecast, 2018 - 2030, (USD Million, Metric Tons)
8.3.3.5.1. Key country dynamics
8.3.3.5.2. Market estimates and forecast, 2018 - 2030, (USD Million, Metric Tons)
8.3.3.6.1. Key country dynamics
8.3.3.6.2. Market estimates and forecast, 2018 - 2030, (USD Million, Metric Tons)
8.3.3.7.1. Key country dynamics
8.3.3.7.2. Market estimates and forecast, 2018 - 2030, (USD Million, Metric Tons)
8.3.3.8.1. Key country dynamics
8.3.3.8.2. Market estimates and forecast, 2018 - 2030, (USD Million, Metric Tons)
8.3.4.2.1. Key country dynamics
8.3.4.2.2. Market estimates and forecast, 2018 - 2030, (USD Million, Metric Tons)
8.3.5.2.1. Key country dynamics
8.3.5.2.2. Market estimates and forecast, 2018 - 2030, (USD Million, Metric Tons)