Wagyu Beef Market report key highlights
- Estimated year-on-year growth rate: 5.47%
- Key market segments: Product (Japanese breed, Australian breed, and others) and geography (APAC, North America, Europe, MEA, and South America)
- Key Consumer Region & contribution: APAC at 74%
Wagyu Beef Market Scope |
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.15% |
Market growth 2021-2025 |
USD 2.43 billion |
Market structure |
Fragmented |
YoY growth (%) |
5.47 |
Regional analysis |
APAC, North America, Europe, MEA, and South America |
Performing market contribution |
APAC at 74% |
Key consumer countries |
Japan, US, Hong Kong (SAR), Australia, and UK |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
Agri Beef Co., AUSTRALIAN AGRICULTURAL Co. Ltd., Blackmore Wagyu, Dolan Foods Inc., GWB LLC, Havel-Wagyu GbR, JAPAN PREMIUM BEEF Inc., Lone Mountain Wagyu LLC, Masami Foods Inc., and Starzen Co. Ltd. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Do reach out to our analysts for more customized reports as per needs. Speak to our Analyst now!
Wagyu Beef Market Driver
- Increasing production and trade of wagyu beef
In Japan, the rising inventory of wagyu beef is estimated to drive the market during the forecast period. This growth can reduce the supply-demand gap and increase consumption, which can drive the market during the forecast period. The rise in production is a result of several initiatives by governments to promote wagyu production. Such initiatives will drive the production of Wagyu beef and will drive the market during the forecast period.
Wagyu Beef Market Challenge
- Premium price of wagyu beef
The cost of wagyu beef is around three times more than that of other types of beef. This discourages price-sensitive consumers from purchasing it, which can impact the growth of the market during the forecast period. The premium prices of wagyu can be attributed to complicated wagyu cattle-raising processes.
View a report sample for extensive insights on key market Drivers, Trends, and Challenges influencing the market.
Key market vendor insights
The wagyu beef market is fragmented, and the vendors are deploying various organic and inorganic growth strategies to compete in the market. Some of the key market vendors are:
- Agri Beef Co.
- AUSTRALIAN AGRICULTURAL Co. Ltd.
- Blackmore Wagyu
- Dolan Foods Inc.
- GWB LLC
- Havel-Wagyu GbR
- JAPAN PREMIUM BEEF Inc.
- Lone Mountain Wagyu LLC
- Masami Foods Inc.
- Starzen Co. Ltd.
For more detailed highlights on products offerings and the growth strategies adopted by other vendors, Download a sample report
Key Segment Analysis by Product
The Japanese breed segment will be significant in the wagyu beef market growth during the forecast period. Promotional activities by authorities in Japan have increased the consumption of wagyu beef. Premium Japanese wagyu beef products are popular among several fine dining restaurants across the world.
Regional Market Analysis
APAC will contribute to 74% of the wagyu beef market share growth during the forecast period. Japan, Hong Kong (SAR), and Australia are the key countries for the market in APAC. The high consumption of wagyu beef in countries such as Japan and the growth of the foodservice sector will drive the wagyu beef market growth in APAC during the forecast period.
Request our report sample for additional highlights and key segments that are expected to impact the market during the forecast period.
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Table of Contents
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2020
- Market outlook: Forecast for 2020 - 2025
Five Forces Analysis
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Product
- Market segments
- Comparison by Product
- Japanese breed - Market size and forecast 2020-2025
- Australian breed - Market size and forecast 2020-2025
- Others - Market size and forecast 2020-2025
- Market opportunity by Product
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2020-2025
- North America - Market size and forecast 2020-2025
- Europe - Market size and forecast 2020-2025
- MEA - Market size and forecast 2020-2025
- South America - Market size and forecast 2020-2025
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Agri Beef Co.
- AUSTRALIAN AGRICULTURAL Co. Ltd.
- Blackmore Wagyu
- Dolan Foods Inc.
- GWB LLC
- Havel-Wagyu GbR
- JAPAN PREMIUM BEEF Inc.
- Lone Mountain Wagyu LLC
- Masami Foods Inc.
- Starzen Co. Ltd.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
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SOURCE Technavio
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