Packaged Kimchi Market Trends and Forecast
The future of the global packaged kimchi market looks promising with opportunities in the canned and bagged markets. The global packaged kimchi market is expected to grow with a CAGR of 5.3% from 2024 to 2030. The major drivers for this market are growing popularity of korean cuisine, increasing consumer awareness about the health benefits of fermented foods like kimchi, and expansion of distribution channels and availability of packaged kimchi in mainstream retail outlets.
• Lucintel forecasts that offline sale is expected to witness the higher growth over the forecast period.
• Within this market, canned is expected to witness the higher growth.
• APAC is expected to witness highest growth over the forecast period.
South Korea - CJ CheilJedang announced plans to expand its packaged kimchi production capacity to meet growing demand both domestically and internationally. Government support includes funding for research into kimchi fermentation technology to improve product quality and shelf life.
United States - KimÄX%$%XChill, a California-based kimchi brand, launched a marketing campaign to promote its organic packaged kimchi, targeting health-conscious consumers. Government initiatives include grants for small businesses to develop and export Korean food products like kimchi.
Japan - Nongshim Co., Ltd. introduced a new line of packaged kimchi targeting the Japanese market, emphasizing its traditional Korean recipe and high-quality ingredients. Government support includes trade agreements to facilitate the import and distribution of Korean food products like kimchi in Japan.
Australia - Kimchi Club, an Australian kimchi manufacturer, announced partnerships with local supermarkets to expand the availability of its packaged kimchi nationwide. Government initiatives focus on promoting Korean cuisine and supporting Australian businesses to increase exports of Korean food products like kimchi.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Packaged Kimchi by Segment
The study includes a forecast for the global packaged kimchi by type, application, and region.
Packaged Kimchi Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Canned
• Bagged
Packaged Kimchi Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Online Sales
• Offline Sales
Packaged Kimchi Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Packaged Kimchi Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies packaged kimchi companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the packaged kimchi companies profiled in this report include-
• Wang Korea
• Mother-In-LawÄX%$%XS
• Tobagi
• SunjaÄX%$%XS Kimchi
• Lucky Foods
• Nasoya
• Bibigo
Recent Development in the Packaged Kimchi Market
CJ CheilJedang: CJ CheilJedang unveiled a breakthrough in packaging technology for kimchi, introducing a vacuum-sealed packaging method to extend shelf life while preserving the authentic taste and texture of traditional kimchi.
KimÄX%$%XChill: KimÄX%$%XChill launched a new line of artisanal packaged kimchi, featuring unique flavor profiles and premium ingredients sourced directly from local farms, catering to discerning consumers seeking high-quality, gourmet kimchi options.
Nongshim Co., Ltd.: Nongshim Co., Ltd. announced the development of a low-sodium packaged kimchi recipe, addressing consumer concerns about excessive salt content while maintaining the characteristic tangy flavor and health benefits of kimchi.
Kimchi Club: Kimchi Club introduced an online subscription service for packaged kimchi delivery, offering customizable options for spice levels and fermentation duration, providing convenience and flexibility for kimchi enthusiasts nationwide.
Features of the Global Packaged Kimchi Market
Market Size Estimates: Packaged kimchi market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Packaged kimchi market size by type, application, and region in terms of value ($B).
Regional Analysis: Packaged kimchi market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the packaged kimchi market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the packaged kimchi market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for packaged kimchi market?
Answer: The global packaged kimchi market is expected to grow with a CAGR of 5.3% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the packaged kimchi market?
Answer: The major drivers for this market are growing popularity of korean cuisine, increasing consumer awareness about the health benefits of fermented foods like kimchi and expansion of distribution channels and availability of packaged kimchi in mainstream retail outlets.
Q3. What are the major segments for packaged kimchi market?
Answer: The future of the packaged kimchi market looks promising with opportunities in the canned and bagged markets.
Q4. Who are the key packaged kimchi market companies?
Answer: Some of the key packaged kimchi companies are as follows:
• Wang Korea
• Mother-In-LawÄX%$%XS
• Tobagi
• SunjaÄX%$%XS Kimchi
• Lucky Foods
• Nasoya
• Bibigo
Q5. Which packaged kimchi market segment will be the largest in future?
Answer: Lucintel forecasts that offline sale is expected to witness the higher growth over the forecast period.
Q6. In packaged kimchi market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the packaged kimchi market by type (canned and bagged), application (online sales and offline sales), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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