(MENAFN- Ameliorate Digital Consultancy)
Kimchi is a traditional Korean fermented dish that has gained international popularity for its unique and complex flavors. It is primarily made from napa cabbage and Korean radishes, which are salted and then mixed with a flavorful paste composed of ingredients like garlic, ginger, red pepper flakes, fish sauce, and variseasonings. The mixture is left to ferment for a period that can range from a few days to several weeks, depending on personal preference and desired level of fermentation. This fermentation process not only preserves the vegetables but also transforms their flavors, resulting in a tangy, spicy, and umami-rich condiment that is both crunchy and slightly sour. Kimchi is a staple in Korean cuisine and is enjoyed as a side dish, ingredient in varidishes, or even as a standalone snack. It is celebrated for its health benefits due to the presence of probiotics and numervitamins and antioxidants, making it a flavorful and nutritiaddition to any meal.
The Kimchi Market was valued at USD 3,683.22 Million in 2022 and is expected to register CAGR of 5.30% by 2032.
The Kimchi market has experienced significant growth in recent years driven by several factors such as increasing consumer awareness of probiotic-rich foods, growing interest in Korean cuisine and culture, rising demand for fermented and healthy foods, and the expanding availability of Kimchi in international markets.
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The COVID-19 pandemic has drastically affected the overall market scenario due to untimely lockdown, slowing of manufacturing processes, and fluctuations in demand and supply. However, the situation is expected to improve considering rising vaccination drives and reducing COVID-19 cases. In addition, the report also provides detailed market information pre and post-pandemic and different strategic alliances adopted by the market players to sustain their market. The global market is expected to register a robust revenue CAGR during the forecast period.
Competitive Landscape Analysis:
The global market is quite fragmented and consists of several market players operating at regional and global levels. The report sheds light on global standing, license agreement, product launches, and revenue status, of each market player. Some of the leading market players listed below are involved in adopting several other strategies such as mergers and acquisitions, collaborations, partnerships, joint ventures, and license agreements.
Kimchi Market Key Players:
CJ Daesang Dongwon FandB Sinto Gourmet Cosmos Food Real Pickles Lucky Foods Mama O'S Sunja's Top Gourmet King's Asian Gourmet Choi's Kimchi MILKimchi Qingdao Jingfugong Qingdao Meilinda Qingdao Nongyu Qingdao Dongshengda
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Kimchi Market Segment by Type:
Baechu-kimchi Dongchimi Kkakdugi Pa-kimchi Oi Sobagi
Kimchi Market Segment by Application:
Kimchi Market Segment by Distribution Channel
Supermarkets/Hypermarkets Departmental stores Online retail Others
Kimchi Market Segment by Region:
North America ( US, Canada) Europe ( Germany, France, UK, Italy, Russia) Asia Pacific ( China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Malaysia, Philippines, Vietnam) Latin America ( Mexico, Brazil, Argentina) Middle East & Africa ( Turkey, Saudi Arabia, UAE)
Do You Have Any Questions About How COVID-19 Has Affected the Kimchi Market?
Questions Addressed in the Report:
What was the market size of Kimchi market in 2022? What revenue CAGR is the global market expected to register during the forecast period? What are the key factors that can hamper overall market growth to a certain extent during the forecast period? Which region is expected to account for the largest revenue share during the forecast period? What are some key opportunities and risks that the vendors in the global market expected to face during the forecast period? What key factors are expected to drive global market revenue growth during the forecast period?
How Will the Insights and Market Forecasts Presented in the Xcellent Insights Report on Kimchi Demand Make an Impact?
The report thoroughly examines significant economic disruptions, particularly focusing on the recent impacts of the COVID-19 pandemic. The evaluation of crucial growth drivers emphasizes the appeal of emerging automation technologies, providing readers with valuable foresight into their potential throughout the projected period. The study aims to present a well-rounded perspective on opportunities in both well-established and less dynamic markets. The report scrutinizes industry trends that have influenced recent governmental policies, shedding light on their implications. A comprehensive account of major advancements in all segments that could substantially alter the market's trajectory is provided. The report delivers a sharp analysis of the socio-political landscape within which key markets operate, and how these factors might impact the overall profitability of the Kimchi Market. An analysis is conducted on how collaborations and partnerships among players from diverse industries will shape key growth trends in the immediate future. The report evaluates the role of different stages of funding in driving new growth avenues across key regional markets.
Objectives of the Report:
Analyze And Forecast Market Size of Global Kimchi Market by Value and Volume Estimate Market Size, Share, Revenue CAGR Analyze And Study Micro Markets in Terms of Contributions to Kimchi Market, Their Individual Growth Trends and Prospects Precise Insights of Useful Details About Factors Driving and Affecting Growth of Kimchi Comprehensive Overview and Profiles of Key Players Including Business Strategies Such As Research And Development Investments, Collaborations, Partnerships, Mergers And Acquisitions, Product Launches And Joint Ventures.
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