DUBLIN--(BUSINESS WIRE)--The "Kimchi Market by Product and Geography - Forecast and Analysis 2020-2024" report has been added to ResearchAndMarkets.com's offering.
Global Kimchi Market: About this market
The kimchi market analysis considers sales from conventional kimchi and organic kimchi products. Our study also finds the sales of kimchi in APAC, Europe, MEA, North America, and South America. In 2019, the conventional kimchi segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as challenges associated with the shift from conventional ingredient production to high-scale organic production will play a significant role in the conventional kimchi segment to maintain its market position. Also, our global kimchi market report looks at factors such as product launches, health benefits offered by kimchi, and initiatives for the development of the kimchi industry. However, product recalls, growing preference for freshly prepared kimchi, and the availability of other fermented foods may hamper the growth of the kimchi industry over the forecast period.
Global Kimchi Market: Overview
Health benefits offered by kimchi
Kimchi is a low-fat, high-fiber food product widely available through various distribution channels. Consumers worldwide have started opting for healthy food products owing to the side effects associated with processed food products that contain added flavors and other additives. Kimchi offers a wide range of health benefits. As kimchi is fermented, it contains healthy bacteria called lactobacilli, which aids in digestion. Also, the by-product of fermentation probiotics can prevent infections among consumers. Kimchi contains Vitamin A that can help to get rid of free radicals that cause cancer. Also, Vitamin A helps maintain healthy eyesight. Such benefits offered by kimchi will lead to the expansion of the global kimchi market at a CAGR of almost 8% during the forecast period.
Growing demand for plant-based diets
Plant-based diets are gaining popularity worldwide owing to growing consumer inclination toward healthy food. Kimchi is made of plant-based ingredients such as cabbage, radish, ginger, and onion. The growing shift toward plant-based diets is encouraging some of the vendors in the market in focus to launch new variants of plant-based kimchi. Some of the factors encouraging consumer shift toward plant-based diets are the health risks associated with meat consumption and growing focus on animal welfare. Plant-based food products contain necessary nutrients such as fiber, antioxidants, magnesium, folate, potassium, beneficial plant compounds, and vitamins. This development is expected to have a positive impact on the overall market growth.
Key Topics Covered:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
- Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Value chain analysis
- Market segmentation analysis
PART 04: MARKET SIZING
- Market definition
- Market sizing 2019
- Market outlook
- Market size and forecast 2019-2024
PART 05: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 06: MARKET SEGMENTATION BY PRODUCT
- Market segmentation by product
- Comparison by product
- Conventional kimchi - Market size and forecast 2019-2024
- Organic kimchi - Market size and forecast 2019-2024
- Market opportunity by product
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2019-2024
- North America - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
PART 11: MARKET TRENDS
- Expansion of retail channels
- Expansion of kimchi producing plants
- Growing demand for plant-based diets
PART 12: VENDOR LANDSCAPE
- Landscape disruption
- Competitive scenario
PART 13: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
- CJ CheilJedang Corp.
- Cosmos Food Co. Inc.
- Daesang Corp.
- Dongwon F&B
- Elaia Holdings (Hong Kong) Ltd.
- MILKimchi Inc.
- Pulmuone Co. Ltd.
- Sinto Gourmet LLC
- Sunja's Oriental Foods Inc.
- Tazaki Foods Ltd.
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