Home Press Releases Kimchi Market expected to reach USD 5.15 billion by 2029 at a CAGR of 5.17 percent

Kimchi Market expected to reach USD 5.15 billion by 2029 at a CAGR of 5.17 percent

by Press Room


(EMAILWIRE.COM, October 20, 2023 ) As per Maximize Market research, the Kimchi Market was USD 3.62 Billion in 2022 and is expected to grow at a CAGR of 5.17 percent over the forecast period to reach USD 5.15 Billion by 2029.

Kimchi Market Report Scope and Research Methodology

The report highlights the competitive market view, segment analysis based on the type, product and application. The market size and trends for the Market were analysed by using both primary research through interviews and surveys with professionals, and secondary research via literature review and annual reports.

Request For Free Sample Report :https://www.maximizemarketresearch.com/request-sample/216541

Kimchi Market Dynamics

The growth of Kimchi market is driven by Growing popularity of Korean cuisine, Rising awareness of the health benefits of kimchi, and increasing availability of kimchi. Overall, the market for Kimchi is expected to grow significantly during forecasted period. Companies can take advantage of emerging trends and market opportunities to succeed in the market.

Kimchi Market Regional Insights

In 2022, Asia-Pacific region dominated the Kimchi Market with 70% market share and is expected to maintain its dominance during the forecast period. This is due to due to increasing demand for kimchi in Korea. In 2018, South Korea’s kimchi production value was estimated at KRW 1.1 billion.

Request For Free Sample Report :https://www.maximizemarketresearch.com/request-sample/216541

Kimchi Market Segmentation

By Type

Baechu Kimchi
Kkakdugi
Nabak
Yeolmu Kimchi
Baek

By Product

Conventional kimchi
Organic kimchi

By distribution Channel

Departmental stores
Supermarkets/Hypermarkets
Online Retail
Other Distribution Channels

Request For Free Sample Report :https://www.maximizemarketresearch.com/request-sample/216541

Kimchi Key Competitors include

Kimchi Culture
DAESANG
Sinto Gourmet
Cosmos Food Co.Inc.
Real Pickles
Dongwon Group

Maximize Market Research is leading Food & Beverages research firm, has also published the following reports:

Manuka Honey Market – The market size is expected to reach USD 975.4 million by 2029 at a CAGR of 6.43 percent during the forecast period.

Lactose Free Butter Market – The Market size is expected to reach 511.23 Million by 2029 at a CAGR of 8.47 percent during the forecast period.

About Maximize Market Research:

Maximize Market Research provides B2B and B2C research on 6,500 high-growth emerging opportunities and technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics and communications, Internet of Things, Food and Beverages, Aerospace and defence, and other manufacturing sectors.



Source link

You may also like

About Us

Arab Africana™ publishes and aggregates business, socio-economic, Tech and industrial news on Arab countries in Africa.

 

We provide press release distribution to media in Africa including Arab countries, the Arab world and the GCC/MENA regions. To submit a press release for distribution, contact us today.

Trending Now

Newsletter

    ArabAfricana logo-white

    Arab Africana is part of GroupWeb Media Network. ©  2024 GroupWeb Media LLC