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Global Kimchi Market 2020-2024 | Evolving Opportunities with CJ CheilJedang Corp. and Cosmos Food Co. Inc. | Technavio

January 6, 2020 GMT
Global Kimchi Market 2020-2024 | Evolving Opportunities with CJ CheilJedang Corp. and Cosmos Food Co. Inc. | Technavio
Global Kimchi Market 2020-2024 | Evolving Opportunities with CJ CheilJedang Corp. and Cosmos Food Co. Inc. | Technavio

LONDON--(BUSINESS WIRE)--Jan 6, 2020--

Technavio has been monitoring the global kimchi market since 2018, and the market is poised to grow by USD 2.39 billion during 2020-2024, progressing at a CAGR of almost 8% during the forecast period. Request free sample pages

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Technavio has announced its latest market research report titled global kimchi market 2020-2024 (Graphic: Business Wire)

Read the 128-page report with TOC on “Kimchi Market Analysis Report by Geography (APAC, Europe, MEA, North America, and South America), Product (Conventional kimchi and Organic kimchi), and the Segment Forecasts, 2020-2024”.

https://www.technavio.com/report/kimchi-market-industry-analysis

The market is driven by the health benefits offered by kimchi. In addition, the rising demand for plant-based diets is anticipated to boost the growth of the kimchi market.

Kimchi is a fermented food product. It contains healthy bacteria called lactobacillus which improves digestion. Compounds such as allicin and selenium present in kimchi help in maintaining cholesterol levels and reduces the risk of cardiovascular diseases. Kimchi also contains vitamin A which promotes healthy eyesight and helps getting rid of free radicals that cause cancer. Moreover, the presence of anti-oxidants in kimchi prevents cell oxidation and skin aging. Many such health benefits are encouraging the consumption of kimchi across the globe, thereby driving the market growth during the forecast period.

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Major Five Kimchi Market Companies:

CJ CheilJedang Corp.

CJ CheilJedang Corp. operates the business across the Food and Bio segments. The company offers kimchi under its brand, Bibigo. Some of the key offerings of the company include Whole Baechu Kimchi, Sliced Baechu Kimchi, and Baek Kimchi.

Cosmos Food Co. Inc.

Cosmos Food Co. Inc. operates the business in the Kimchi segment. The company offers a wide range of kimchi products. Napa Cabbage Kimchi, Diced Radish Kimchi, Organic and Vegan Kimchi, and Ready-To-Mix Kimchi are some of its key offerings.

Daesang Corp.

Daesang Corp. operates the business across segments such as Food, Ingredient, and Distribution. The company offers kimchi under its Jongga brand. Some of the key offerings include Whole Cabbage Kimchi, Mat Kimchi, Baek Kimchi, and Old Fermented Kimchi.

Dongwon F&B

Dongwon F&B operates the business through the Food products segment. Some of the key products offered by the company include Korean Cabbage Kimchi, Premium Green Radish Kimchi, Premium Leaf-Mustard Kimchi, Korean Cabbage Kimchi, and others.

Elaia Holdings (Hong Kong) Ltd.

Elaia Holdings (Hong Kong) Ltd. operates the business across the Food and Living segments. The company offers kimchi under its brand Chaegami. Some of the variants are Organic Cabbage Kimchi (Mat Kimchi), Organic radish Kimchi (Kkakdugi), and Organic Big Radish Kimchi.

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Kimchi Product Outlook (Revenue, USD Billion, 2020 - 2024)

Kimchi Regional Outlook (Revenue, USD Billion, 2020 - 2024)

Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. Request a free sample report

Related Reports on Consumer Staples are:

Global Moringa Products Market – Global moringa products market by geography (APAC, Europe, MEA, North America, and South America) and product (moringa seeds and oil, moringa leaves and leaf powder, and moringa fruits, tea, and pods (drumsticks)).

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at media@technavio.com

View source version on businesswire.com:https://www.businesswire.com/news/home/20200106005081/en/

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KEYWORD:

INDUSTRY KEYWORD: FOOD/BEVERAGE RETAIL

SOURCE: Technavio Research

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PUB: 01/06/2020 07:15 AM/DISC: 01/06/2020 07:15 AM

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