Report Code: A16140 | Nov 2023 | Pages: NA | ||
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Kimchi Market
Request Now !Kimchi is known around the world as Korea's national dish. Kimchi is a traditional fermented Korean cuisine and a staple of the Korean diet. It is regarded as one of Korea's most popular and healthiest foods, and it is gaining appeal worldwide. Kimchi is a fermented fish dish mixed with a variety of vegetables, red pepper, and other spices. It is high in vitamins, minerals, dietary fiber, and other biological components. These fermentations are usually made using flavoring substances and don't need to be processed or desalted before being consumed. Consumers all over the world look for new and innovative products in addition to traditional basic foods, which are projected to drive the global kimchi market forward.
COVID-19 Impact Analysis
Top Impacting Factors
Market Trends
Vitamins are being used more frequently in Southern Asian countries
Over the last two decades, there has been a significant transformation in people's lifestyles and eating habits, notably in the South Asian region. This transition was fueled by urbanization and consumerism, which resulted in a rapid increase in the consumption of artificial and synthetic foods, leading to an increase in the incidence of lifestyle diseases. People are becoming more aware of these issues, and functional foods and beverages supplemented with vitamins and other minerals, which are advertised as good basic nutrition, are progressively becoming more popular.Â
These items are said to provide appropriate nourishment while also lowering the risk of disease. As a result, the country's market for kimchi will grow. Furthermore, different government programmes are being implemented in order to encourage fortified food and beverage consumption, particularly in developing nations such as China and India, consequently propelling the market even further.
Increasing Preference for Fermented Food and Beverage to improve demand of Kimchi
The popularity of packaged fermented drinks is expanding the use of fermented ingredients in the Asia-Pacific area, owing to their supposed health benefits. For example, kombucha, which is high in organic acids, has strong antibacterial action and can be used for a variety of therapeutic purposes, which is projected to drive market expansion in countries like China. Furthermore, fermented products such as Kombucha have a long history in the country and are well-known for their cleansing and revitalizing benefits.
In India, fermented foods are widely consumed by the native population, not only as a source of nutrition but also as a form of traditional medicine. Many of the foods have been noted by local people to have therapeutic benefits during illness and are utilized as a special diet or treatment, which is boosting demand for fermented food ingredients in the country. Thus rising popularity of fermented foods will increase the demand for Kimchi too.
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Kimchi Market Report Highlights
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Key Market Players | Company5, Company7, Company4, Company2, Company10, Company3, Company1, Company6, Company8, Company9 |
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