When globalization is rising day by day, many businesses call for Global Market Research which offers actionable market insights and support decision making. Kimchi Market research report analyses major factors of the market which offers precise data and information for the business growth. The important highlights of this market report are key market dynamics, current market scenario and future prospects of the sector. Global market research analysis report serves a lot for the business and bestows with the solution for the toughest business problems. Kimchi Market report also provides top to bottom examination of the market for estimating income, return on investment (ROI) and developing business strategies.
The top notch Kimchi Market report brings together widespread industry analysis with exact estimates and forecasts that provides complete research solutions with maximum industry clarity. All the data and information covered here helps businesses in refining their strategic decision making. Additionally, collected and processed information of this report is backed up by most preferred tools viz SWOT analysis and Porter’s Five Forces analysis on which businesses can rely boldly. A team of innovative analysts, enthusiastic forecasters, knowledgeable researchers and experienced industry experts work harder and 24*7 to structure the most excellent Kimchi Market report.
Data Bridge Market Research analyses that the kimchi market was valued at USD 3323 million in 2021 and is expected to reach the value of USD 4909.58 million by 2029, at a CAGR of 5.00% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and consumer behaviour.
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Market Overview
Kimchi is a popular fermented food in Korean cuisine. It is a common side dish made from salted and fermented vegetables, most commonly cabbage and Korean radishes, with a variety of seasonings such as chilli powder, scallions, garlic, ginger, and others. Kimchi was traditionally stored underground in jars to keep cool during the summer and unfrozen during the winter, when it was a critical vegetable supply.
Some of the major players operating in the Global Kimchi Market are:
- CHOI'S KIMCHI CO. (US)
- Kimchi Culture (US)
- DAESANG (South Korea)
- Sinto Gourmet (US)
- Cosmos Food Co., Inc. (US)
- Real Pickles (US)
- Mama O's Premium Kimchi (US)
- Dongwon Group (Seoul)
- CJ CHEILJEDANG CORP (South Korea)
- Lucky Foods (US)
- TOP GOURMET Food Industries Pte Ltd (Singapore)
- Sunja's Kimchi (US)
- King's Asian Gourmet (US)
- Pulmuone Foods USA (US)
- Elaia Holdings (HongKong)
- Tazaki Foods Limited (UK)
- CHOI'S KIMCHI CO (US)
COVID-19 Impact on Kimchi Market
The current COVID-19 outbreak, which has disrupted global trade and industry, is expected to choke the kimchi industry. Producers have suffered as a result of the drop in demand. Aside from demand, the COVID-19 outbreak has wreaked havoc on the supply chain, with businesses experiencing significant delays in obtaining the raw materials they require. For producers, this has made inventory management extremely difficult. The COVID-19 lockdown limits, combined with a staffing constraint, resulted in a decrease in kimchi output and sales.
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Highlights of TOC:
Chapter 1: Global Kimchi Market overview
Chapter 2: Global Kimchi Market
Chapter 3: Regional analysis of the Global Kimchi Market industry
Chapter 4: Global Kimchi Market segmentation based on types and applications
Chapter 5: Revenue analysis based on types and applications
Chapter 6: Global Kimchi Market share
Chapter 7: Competitive Landscape
Chapter 8: Drivers, Restraints, Challenges, and Opportunities
Chapter 9: Gross Margin and Price Analysis
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