LONDON--(BUSINESS WIRE)--The global kimchi market is expected to post a CAGR of close to 8% during the period 2018-2022, according to the latest market research report by Technavio.
A key factor driving the growth of the market is the health benefits associated with kimchi. Various studies have validated the health benefits of kimchi, with respect to promoting digestion and regulating cholesterol. The regular consumption of kimchi is known to regulate the levels of cholesterol due to the presence of garlic, which is rich in selenium – a component that exerts a protective effect on the artery walls by preventing the build-up of plaque and reduces the threat of atherosclerosis. Therefore, these benefits are boosting the growth of the global kimchi market.
This market research report on the global kimchi market 2018-2022 also provides an analysis of the most important trends that are expected to impact the market outlook during the forecast period. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.
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In this report, Technavio highlights the increasing demand for organic kimchi as one of the key emerging trends in the global kimchi market:
Global kimchi market: Increasing demand for organic kimchi
The growing popularity of organic food and beverages is attributable to their health-promoting benefits. The market for organic beverages is a niche market as organic products are mostly priced higher than the conventional products. The premium price is due to the comparatively high production costs as well as consumers’ willingness to pay extra for organic products. Therefore, during the forecast period, the demand for organic kimchi products is likely to increase, which will contribute to the revenue of the global kimchi market.
“The global kimchi market is growing with a positive outlook mainly because of the increasing consumer awareness of its health benefits. The whole process of fermentation involved in the preparation of Kimchi not only enhances the taste but also creates healthy bacteria, lactobacillus, which is required by the body to keep a healthy state of intestinal flora. Additionally, kimchi is made from cabbage which is already well known for its detoxification effect that helps the body in getting rid of the wastes and toxins. Therefore, these health benefits are not only increasing demand but also influencing the global market positively,” says a senior analyst at Technavio for research on food.
Global kimchi market: Segmentation analysis
This market research report segments the global kimchi market by distribution channels and geographical regions (APAC, EMEA, and the Americas).
The APAC led the market in 2017 with a market share of more than 80%, followed by the Americas and EMEA respectively. However, during the forecast period, the EMEA region is expected to register the highest incremental growth followed by the Americas.
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Some of the key topics covered in the report include:
Market Landscape
- Market ecosystem
- Market characteristics
- Market segmentation analysis
Market Sizing
- Market definition
- Market size and forecast
Five Forces Analysis
Market Segmentation
Geographical Segmentation
- Regional comparison
- Key leading countries
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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