LONDON--(BUSINESS WIRE)--Technavio has been monitoring the kimchi market and it is poised to grow by $ 2.39 bn during 2020-2024, progressing at a CAGR of about 8% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts
Frequently Asked Questions:
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What are the major trends in the market?
Growing demand for plant-based diets is a major trend driving the growth of the market. -
At what rate is the market projected to grow?
The year-over-year growth for 2020 is estimated at 7.40% and the incremental growth of the market is anticipated to be 2.39 bn. -
Who are the top players in the market?
CJ CheilJedang Corp., Cosmos Food Co. Inc., Daesang Corp., Dongwon F&B, Elaia Holdings (Hong Kong) Ltd., MILKimchi Inc., Pulmuone Co. Ltd., Sinto Gourmet LLC, Sunja’s Oriental Foods Inc., and Tazaki Foods Ltd., are some of the major market participants. -
What are the key market drivers and challenges?
The health benefits offered by kimchi is one of the major factors driving the market. -
How big is the APAC market?
The APAC region will contribute 81% of the market share.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. CJ CheilJedang Corp., Cosmos Food Co. Inc., Daesang Corp., Dongwon F&B, Elaia Holdings (Hong Kong) Ltd., MILKimchi Inc., Pulmuone Co. Ltd., Sinto Gourmet LLC, Sunja’s Oriental Foods Inc., and Tazaki Foods Ltd. are some of the major market participants. The health benefits offered by kimchi will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Kimchi Market 2020-2024: Segmentation
Kimchi Market is segmented as below:
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Product
- Conventional Kimchi
- Organic Kimchi
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Geographic Landscape
- APAC
- Europe
- MEA
- North America
- South America
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Kimchi Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The kimchi market report covers the following areas:
- Kimchi Market Size
- Kimchi Market Trends
- Kimchi Market Industry Analysis
This study identifies the growing demand for plant-based diets as one of the prime reasons driving the kimchi market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Kimchi Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist kimchi market growth during the next five years
- Estimation of the kimchi market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the kimchi market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of kimchi market vendors
Table of Contents:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
- Preface
- Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Value chain analysis
- Market segmentation analysis
PART 04: MARKET SIZING
- Market definition
- Market sizing 2019
- Market outlook
- Market size and forecast 2019-2024
PART 05: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 06: MARKET SEGMENTATION BY PRODUCT
- Market segmentation by product
- Comparison by product
- Conventional kimchi - Market size and forecast 2019-2024
- Organic kimchi - Market size and forecast 2019-2024
- Market opportunity by product
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2019-2024
- North America - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
PART 11: MARKET TRENDS
- Expansion of retail channels
- Expansion of kimchi producing plants
- Growing demand for plant-based diets
PART 12: VENDOR LANDSCAPE
- Overview
- Landscape disruption
- Competitive scenario
PART 13: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
- CJ CheilJedang Corp.
- Cosmos Food Co. Inc.
- Daesang Corp.
- Dongwon F&B
- Elaia Holdings (Hong Kong) Ltd.
- MILKimchi Inc.
- Pulmuone Co. Ltd.
- Sinto Gourmet LLC
- Sunja’s Oriental Foods, Inc.
- Tazaki Foods Ltd.
PART 14: APPENDIX
- Research methodology
- List of abbreviations
- Definition of market positioning of vendors
PART 15: EXPLORE TECHNAVIO
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