Gochujang Market Report 2024 (Global Edition)

Global Gochujang Market Report 2024 Market Size Split by Type (Bagged Gochujang, Box Packed Gochujang , Bottled Gochujang), by Application (Restaurants, Home, Others), by Distribution (Online Stores...

Gochujang Market Report Description

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Competitive Landscape of the Gochujang Market

Key players deploy strategic initiatives such as product innovations, partnerships, and mergers. Companies prioritize R&D to introduce cutting-edge products, ensuring a competitive edge. Robust distribution networks and adherence to quality standards amplify market presence, fostering an environment where agility and innovation define industry leaders.

Top Companies Market Share in Gochujang Industry: (In no particular order of Rank)

• Sempio
• Chung Jung One
• Bibigo
• Annie Chuns
• CJ
• Maeil Food
• Taehwa Food Inc..
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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Regional Analysis of Gochujang

Which Region Dominates the Gochujang Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue. The market for gochujang is expanding significantly in North America, driven by rising consumer interest in spicy and Korean food. Growing knowledge of gochujang's many culinary uses has resulted in its inclusion in popular recipes and condiment displays around the continent. This pattern is indicative of a larger movement in favor of tasting new foods and accepting cuisines from throughout the world.

Which Region is Expanding at the Fastest CAGR?

The Europe region is witnessing an increase, in the sales of reagents. The market for gochujang is expanding rapidly in Europe as a result of the growing appeal of Korean food and the increased need for hot sauces. Gochujang is becoming more and more popular in Europe as a result of its distinct flavor profile and adaptability as cooking tastes grow more daring there. This expansion is indicative of a larger multicultural trend and the growing demand for a variety of international flavors in European markets.

The current report Scope analyzes Gochujang Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Gochujang Market

 

According to Cognitive Market Research, the global Gochujang market size was estimated at USD XX Million out of which North America held the major market of more than 40% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 1.8% from 2024 to 2031. The market for gochujang is expanding quickly in North America due to growing consumer interest in Korean food and flavors. The condiment industry is one of the most notable among the others, as Gochujang is becoming more and more popular in the region's many cuisines and dishes. Because of its distinctive flavor combination of spicy, sweet, and salty, it has become very popular in supermarkets, specialty shops, and online marketplaces in North America. North America becomes a major player in the worldwide gochujang business as demand, driven by both mainstream adoption and Korean-American groups, keeps rising.

Country Analysis

• According to Cognitive Market Research, the US had a major share in the Gochujang market with a market size of USD XX million in 2024 and is projected to grow at a CAGR of 1.6% during the forecast period. The demand is amplified by the nation's increasing interest in global cuisines and culinary diversity.
• The Canada Gochujang market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 2.6% during the forecast period. Canada's rising growing popularity of korean cuisine and fusion food.
• The Mexico Gochujang market is projected to witness growth at a CAGR of 2.3% during the forecast period with a market size of USD XX million in 2024.

Europe Gochujang Market

According to Cognitive Market Research, with a market value of USD XX million in 2024 and projected to expand at a compound annual growth rate (CAGR) of 2.1% from 2024 to 2031. Europe accounted for a share of over 30% of the global market size of USD XX  million. The market for gochujang is expanding in Europe as a result of people's increasing curiosity about different cuisines and tastes. Gourmet food lovers and chefs alike really appreciate Gochujang's nuanced flavor profile and adaptability, making it a prominent market driver behind this expansion. Gochujang is becoming an increasingly popular ingredient in both traditional Korean recipes and creative fusion meals as European customers show more daring tastes in cooking and dining. Gochujang is making a tasty mark on the culinary scene in Europe with its growing availability in specialty food stores and online.

• The United Kingdom Gochujang market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 2.9% during the forecast period. In the UK, Gochujang sales witness an upswing due to the presence of large korean-american communities driving demand.
• The France Gochujang market is projected to witness growth at a CAGR of 1.3% during the forecast period with a market size of USD XX million in 2024.
• According to Cognitive Market Research, the Germany Gochujang market size was valued at USD XX million in 2024 and is projected to grow at a CAGR of 2.3% during the forecast period. In Germany, Gochujang sales surge due to the adoption by mainstream consumers due to its versatile applications.
• The Italy Gochujang market is projected to witness growth at a CAGR of 1.5% during the forecast period with a market size of USD XX million in 2024.
• The Russia Gochujang market is projected to witness growth at a CAGR of 1.1% during the forecast period with a market size of USD XX million in 2024.
• The Spain Gochujang market is projected to witness growth at a CAGR of 1.2% during the forecast period with a market size of USD XX million in 2024.
• The Luxembourg Gochujang market is projected to witness growth at a CAGR of 2.2% during the forecast period with a market size of USD XX million in 2024.
• The Portugal Gochujang market is projected to witness growth at a CAGR of 1.9% during the forecast period with a market size of USD XX million in 2024.
• The Greece Gochujang market is projected to witness growth at a CAGR of 2.4% during the forecast period with a market size of USD XX million in 2024.
• Rest of Europe Gochujang market is projected to witness growth at a CAGR of 0.8% during the forecast period with a market size of USD XX million in 2024.

Asia Pacific Gochujang Market

According to Cognitive Market Research, the global Gochujang market size was estimated at USD XX Million out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.6% from 2024 to 2031. The Gochujang market is flourishing in the Asia Pacific area because to its enduring cultural relevance and rising consumer appeal. The street food industry, where gochujang is a key component of well-known meals like bibimbap and tteokbokki, is one significant sector driving this rise. Due to its spicy-sweet flavor combination, which appeals to a wide range of Asian consumers' palates, it is widely available in markets, food stands, and supermarkets throughout the region. Gochujang's status as a valued and essential condiment in the Asia Pacific culinary scene is cemented as the demand for Korean food rises.

• According to Cognitive Market Research, the China Gochujang market size was valued at USD XX million in 2024 and is projected to grow at a CAGR of 5.1% during the forecast period. Gochujang sales surge in China due to the nation's availability in supermarkets, specialty stores, and online platforms catering to diverse consumer preferences.
• The Japan Gochujang market is projected to witness growth at a CAGR of 4.1% during the forecast period with a market size of USD XX million in 2024.
• The India Gochujang market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 7.4% during the forecast period. The demand is augmented by India's increasing 
• The South Korea Gochujang market is projected to witness growth at a CAGR of 4.7% during the forecast period with a market size of USD XX million in 2024.
• The Australia Gochujang market is projected to witness growth at a CAGR of 5.3% during the forecast period with a market size of USD XX million in 2024.
• The South East Asia Gochujang market is projected to witness growth at a CAGR of 6.6% during the forecast period with a market size of USD XX million in 2024.
• The Rest of Asia Pacific Gochujang market is projected to witness growth at a CAGR of 5.4% during the forecast period with a market size of USD XX million in 2024.

South America Gochujang Market

According to Cognitive Market Research, the global Gochujang market size was estimated at USD XX Million out of which Latin America market of more than 5% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.0% from 2024 to 2031. The market for gochujang is slowly but distinctly emerging in Latin America due to a growing interest in international cuisines and culinary exploration. The gourmet and fusion cuisine market is one area driving this expansion, as Gochujang's robust and adaptable flavor profile gives classic Latin American recipes a thrilling new dimension. Gochujang is becoming more and more popular at specialized food stores and hip restaurants throughout the region as cooks and home cooks alike embrace the blend of Korean and Latin American culinary traditions. Gochujang's cross-cultural appeal and innovative potential make it a promising player in the changing Latin American culinary scene.

• According to Cognitive Market Research, the Brazil Gochujang market size was valued at USD XX million in 2024 and is projected to grow at a CAGR of 3.6% during the forecast period. Gochujang sales flourish in Brazil due to the rising consumer awareness and appreciation for international flavors.
• The Argentina Gochujang market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 3.9% during the forecast period. The demand is augmented by Argentina's commitment to influence of korean popular culture and cuisine on chinese consumers.
• The Colombia Gochujang market is projected to witness growth at a CAGR of 2.8% during the forecast period with a market size of USD XX million in 2024.
• The Peru Gochujang market is projected to witness growth at a CAGR of 3.2% during the forecast period with a market size of USD XX million in 2024.
• The Chile Gochujang market is projected to witness growth at a CAGR of 3.3% during the forecast period with a market size of USD XX million in 2024.
• The Rest of Latin America Gochujang market is projected to witness growth at a CAGR of 2.1% during the forecast period with a market size of USD XX million in 2024.

Middle East and Africa Gochujang Market

According to Cognitive Market Research, the global Gochujang market size was estimated at USD XX Million out of which Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.3% from 2024 to 2031. The market for gochujang in the Middle East and Africa is expanding gradually but steadily, driven by consumers' increasing curiosity in a wide range of international flavors and cuisines. Gourmet and specialized food markets, where Gochujang's nuanced flavor profile adds something exceptional to both classic foods and creative creations, are one area driving this growth. Gochujang has the potential to become a treasured ingredient in Middle Eastern and African culinary traditions, as evidenced by its steady increase in luxury grocery shops and fusion restaurants around the region. This is because culinary boundaries are continuing to blur.

• According to Cognitive Market Research, the GCC Countries Gochujang market size was valued at USD XX million in 2024 and is projected to grow at a CAGR of 4.1% during the forecast period. Gochujang sales flourish in the GCC Countries due to the demand fueled by the growing middle-class population with changing taste preferences.
• The Egypt Gochujang market is projected to witness growth at a CAGR of 3.6% during the forecast period with a market size of USD XX million in 2024.
• The South Africa Gochujang market is projected to witness growth at a CAGR of 4.3% during the forecast period with a market size of USD XX million in 2024. Gochujang sales flourish in the South Africa due to the expansion of distribution channels, including online platforms and specialty food stores.
• The Turkey Gochujang market is projected to witness growth at a CAGR of 2.8% during the forecast period with a market size of USD XX million in 2024.
• The Nigeria Gochujang market is projected to witness growth at a CAGR of 7.0% during the forecast period with a market size of USD 30.70 million in 2024.
• The Rest of MEA Gochujang market is projected to witness growth at a CAGR of 2.4% during the forecast period with a market size of USD XX million in 2024.

Gochujang Market Analysis

Gochujang Type Segment Analysis

According to Cognitive Market Research, Bagged Gochujang, held the major market share over the forecast period. Growing as a major growth driver in the Gochujang industry is the bagged Gochujang segment. Bagged Gochujang products meet the needs of contemporary consumers looking for simple-to-use ingredients for home cooking by providing convenience and quantity control. The Gochujang market is growing generally, and this trend shows a shift towards packaged formats that suit changing lifestyle preferences and convenience-driven shopping patterns.

Box Packed Gochujang is the fastest-growing category over the forecast period. Boxed gochujang is becoming more and more popular, which is indicative of a developing trend in the gochujang industry. Its longer shelf life and ease of use appeal to customers without sacrificing flavor or authenticity. Boxed gochujang is becoming a household staple everywhere thanks to its many uses in Korean cuisine and other cuisines, which is helping to expand and diversify the gochujang industry.

• Bagged Gochujang
• Box Packed Gochujang 
• Bottled Gochujang

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Gochujang Industry. Request a Free Sample PDF!

Gochujang Application Segment Analysis

According to Cognitive Market Research, Restaurants, hold a prominent market share. Gochujang's popularity in restaurants across the globe is driving the product's expansion. This fermented chili paste from Korea captivates customers' palates around the world by giving meals depth and complexity. Gochujang is a popular ingredient in both fusion and traditional Korean restaurants due to its distinct flavor character and adaptability. Its growing popularity on menus is indicative of a wider appreciation for Korean food and propels the Gochujang market's growth.

Home is the fastest-growing category over the forecast period. Gochujang is becoming more and more popular in household kitchens, which is driving market expansion. This Korean chili paste becomes a pantry staple as more home cooks experiment with other ingredients thanks to its rich, spicy-sweet flavor. Because of its adaptability in marinades, sauces, and dips, it's a staple component in both traditional Korean cuisine and creative fusion recipes. The growing popularity of gochujang among home cooks is driving its market penetration.

• Restaurants
• Home
• Others

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Gochujang Distribution Segment Analysis

According to Cognitive Market Research, Online Stores, held the major market share over the forecast period. The Gochujang market is growing thanks in large part to the digital ecosystem, with online retailers being the main drivers of this growth. Globally, e-commerce platforms serve a variety of tastes and preferences by providing a large selection of Gochujang items. Online retailers have played a critical role in bringing Gochujang to a wider audience and contributing to its rising global appeal, thanks to their easy shipping choices and availability of genuine Korean brands.

Supermarkets is the fastest-growing category over the forecast period. Supermarkets are essential to the growing Gochujang industry. These stores provide a convenient platform for customers to explore and purchase Gochujang, thanks to shelves devoted to international cuisine. Supermarket presence of Gochujang is driven by its adaptability in many recipes and the growing demand for Korean cuisine. Gochujang continues to gain popularity as supermarkets expand the range of products they sell, which is driving market expansion.

• Online Stores
• Supermarkets
• Independent Retailers
• Specialty Stores

Author's Detail

Kalyani Raje

Senior Research Analyst at Cognitive Market Research

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ResearchGate Profile: https://www.researchgate.net/profile/Kalyani-Raje

An optimistic Senior Research Analyst with years of experience in competitive assessment and business consulting. A seasoned professional and subject-matter expert (SME) in the Automobile and transportation vertical.

Author's Conclusion