Authored By: Sarah
18 Oct 2023

Wagyu Beef Market Analysis through 2023-2027: 74% of Market Growth will Emerge from APAC

The Wagyu Beef Market is set to post an incremental growth of USD 3,598.98 Mn, accelerating at a CAGR of 7.04 % during the forecast period. Increasing production and trade of Wagyu Beef are notably driving the Wagyu Beef market growth. However, the premium price of wagyu beef may impede market advancement.

 

Wagyu Beef Market: APAC to lead market growth during the forecast period

  • The Wagyu Beef Market is segmented by distribution channel (offline and online), product (Japanese breed, Australian breed, and others), and geography (APAC, North America, Europe, Middle East and Africa, and South America) 
  • Based on the product segmentation, the Wagyu Beef Market growth in the Japanese breed segment will be significant during the forecast period.
  • By geography, APAC emerged as the leading geographical segment in recent years and is expected to contribute 74% of the market growth during the forecast period. Japan, Hong Kong (SAR), and Australia are the key markets for Wagyu Beef in APAC.
  • The Wagyu Beef market growth in APAC is driven by factors such as the high consumption of Wagyu Beef in countries such as Japan and the growth of the food service sector.
  • The Wagyu Beef market report provides an accurate prediction of the contribution of all the geographic segments to the growth of the Wagyu Beef Market size.

wagyu beef market size, wagyu beef market share, wagyu beef market analysis, wagyu beef market trendsSnapshot of Topographic Analysis of Wagyu Beef Market


When it comes to Key Competitors, 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. are some of the major Wagyu Beef Market leaders that comes with wide array of offerings for consumers

For example, Agri Beef Co. offers wagyu beef under the brands SRF snake river farms, Double R Ranch Northwest Beef, and St. Helens Beef. Similarly, Australian Agricultural Co Ltd off Wagyu Beef under the brand Westholme and Darling Downs.

Technavio's report comes with qualitative and quantitative analyses of core companies with a wider understanding of the business ecosystem, along with the growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers. Download our sample report to discover more aspects of the market growth with data-backed analysis.

Browse through our related report for more insights: 

Read News Read Less
Interested in this report?
Get your sample now!
Technavio