Asia Pacific Kimchi Market Insights Forecasts to 2033

• The Asia Pacific Kimchi Market Size was Estimated at USD 368,722.98 Thousand in 2023
• The Market Size is Growing at a CAGR of 5.73% from 2023 to 2033.
• The Asia Pacific Kimchi Market Size is Expected to Reach USD 643,480.78 Thousand by 2033.

The Asia Pacific Kimchi Market size is predicted to reach USD 643,480.78 Thousand by 2033, at a CAGR of 5.73% during the forecast period 2023 to 2033.

Market Overview

The Asia Pacific kimchi market includes the manufacture, distribution, and sale of kimchi, a traditional Korean fermented meal made from vegetables and spices, throughout the region. It is being driven by expanding consumer demand for fermented foods, increased understanding of their health advantages, and the growing popularity of Korean cuisine. The Asia Pacific kimchi market is determined by an increasingly health-conscious population where customers are well aware of probiotics and fermented foods. Furthermore, the ever-rising popularity of Korean food due to the Hallyu wave, for instance, increases the demand for kimchi throughout the Asia Pacific region. Moreover, increasing product offerings including vegan, organic, and fusion variants cater to varied dietary demands and e-commerce is also adding value to convenience for accessing products. Manufacturers are orienting themselves towards premium packaging and localized flavors to reach a larger customer base. In addition, the Asia Pacific kimchi market is dominated by a mix of local and international players that leverage strong distribution networks, diversified product portfolios, and strategic marketing efforts. Production capabilities and brand loyalty are key factors that dominate South Koreas CJ CheilJedang and Daesang Corporation, while international brands, like Sinto Gourmet, capture the rising tide of Korean food popularity. These companies established a foothold through innovative products and extensive market coverage, which showcases their influence on the Asia Pacific Kimchi market.

Report Coverage

This research report categorizes the market for the Asia Pacific kimchi market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Asia Pacific kimchi market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Asia Pacific kimchi market.

Driving Factors

The Asia Pacific Kimchi market is expected to rise significantly in the next years, owing to increased consumer knowledge of health advantages, an expansion of vegan and organic kimchi alternatives, and the growing popularity of Korean cuisine. As the industry grows, producers are likely to focus on improving supply chains to meet demand in urban and suburban markets, while also embracing e-commerce to reach a larger audience. Furthermore, the popularity of Korean restaurants in tourist-heavy areas has played a significant role in kimchi's spread across Asia and the Pacific. When visitors like kimchi at these restaurants, they seek similar experiences elsewhere, raising demand and giving local restaurants the opportunity to include kimchi on their menus. Food tourism is regularly discussed on food blogs and social media platforms. Influencers can set trends for kimchi and other Korean delights by posting about their experiences with them, thereby increasing the market for the food.

Restraining Factors

The Asia Pacific kimchi market faces challenges brought upon by the high cost and unstable availability of raw materials such as napa cabbage, which may impact production and pricing. Competition from local fermented foods in different countries also poses a considerable challenge to the market growth of kimchi, considering traditional alternatives dominate regional preferences. Moreover, the spicy and strong taste of kimchi, especially its spice and fermentation levels, are somewhat restrictive for consumers who do not understand or are not accustomed to Korean delicacies. There could also be barriers such as food safety policies and regulations that vary from one country to the other.

Market Segment

• The conventional segment held the greatest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period.

Based on the category, the Asia Pacific kimchi market is divided into organic, conventional, and others. Among these, the conventional segment held the greatest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period. This can be attributed to its affordability as well as its ubiquitous availability and long-standing consumer preference for traditional kimchi. Conventional kimchi is a more widely produced product, making it more accessible and price-effective than organic options, which were more expensive. Established manufacturing procedures as well as familiarity with the product among consumers are reasons that keep conventional kimchi as the market share leader.

• The bottles & jars segment accounted for the majority of the share in 2023 and is estimated to grow at the fastest CAGR during the projected timeframe.

Based on the packaging, the Asia Pacific kimchi market is divided into bottles & jars, pouches, boxes, tubs & trays, cans, and others. Among these, the bottles & jars segment accounted for the majority of the share in 2023 and is estimated to grow at the fastest CAGR during the projected timeframe. This is because bottles and jars are convenient and durable, and freshness and flavor are well-kept even in the long term. Customers prefer bottles and jars due to their packaging because it's resealable, improving usability and improving storage life. The transparent design appeals to the buyers by revealing how good the product is; hence, they may prefer traditional or modern retail formats.

• The retail/household segment held the largest share in 2023 and is estimated to grow at the fastest CAGR during the predicted timeframe.

Based on the end user, the Asia Pacific kimchi market is divided into the food service sector, retail/household, and others. Among these, the retail/household segment held the largest share in 2023 and is estimated to grow at the fastest CAGR during the predicted timeframe. Kimchi is becoming a household staple, and there is an increasing interest among consumers in health-conscious diets. The growing popularity of Korean cuisine, combined with the convenience of obtaining packaged kimchi from supermarkets, specialized stores, and e-commerce platforms, is driving demand in this area.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Asia Pacific kimchi market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Volcano Kimchi
• Choi's Kimchi Co
• South Coast Kimchi
• Narichan
• CJ CheilJedang Corp
• The Kimchi Company
• DAESANG
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In November 2024, Narichan, a South Korean kimchi-focused company, has created a new ready-to-drink (RTD) kimchi drink in an effort to go beyond traditional product concepts and increase usage and exports.

Market Segment

• This study forecasts revenue at regional, and country levels from 2022 to 2033. Spherical Insights has segmented the Asia Pacific Kimchi Market based on the below-mentioned segments:

Asia Pacific Kimchi Market, By Category

• Organic
• Conventional
• Others

Asia Pacific Kimchi Market, By Packaging

• Bottles & Jars
• Pouches
• Boxes
• Tubs & Trays
• Cans
• Others

Asia Pacific Kimchi Market, By End User

• Food Service Sector
• Retail/Household
• Others