The global kimchi market has the potential to grow by USD 2.39 billion during 2020-2024, and the market’s growth momentum will accelerate throughout the forecast period.

Theglobalkimchi market is expected to grow at a CAGR of 7.76% during theforecast period. Based on the product, the global kimchi market has beensegmented into conventional kimchi and organic kimchi. 

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Conventional kimchi uses ingredientssuch as cabbage, radish, onion, garlic, and ginger that are produced byconventional farming. This form of farming is more popular compared withorganic production. This makes the market for conventional kimchi largercompared with that of organic kimchi. Some of the vendors offering conventionalkimchi are CJ CheilJedang, Daesang, andDongwon F&B. 

 

Organic farming fields must followstrict guidelines, specified by the United States Department for Agriculture(USDA) and the US Food and Drug Administration (FDA) for the yield to becertified as organic. These guidelines mandate the use of natural fertilizersand prohibit the use of pesticides and herbicides. The farmers followingorganic production of kimchi ingredients also need to rotate crops to controlpests and remove unwanted weeds. Hence, the shift from conventional kimchiingredient production to high-scale organic production is a challenge forfarmers. Therefore, the conventional kimchi segment is registering highergrowth compared with the organic kimchi segment, which, in turn, is driving thegrowth of the global kimchi market during the forecast period. 

 

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