The Business Research Company’s report on the Wagyu Beef Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
What are the key drivers behind the wagyu beef market’s growth in recent years?
The rapid growth of the food and beverage industries is expected to propel the growth of the Wagyu beef market going forward. The food and beverage industry refers to an enterprise transforming raw agricultural materials into consumer food products, food transportation services, catering businesses, and others. Wagyu beef is consumed mainly in the food industry, as it contains high levels of fat marbling, resulting in a vibrant flavor that is best consumed in small portions. For instance, in April 2022, according to the reports shared by the Common Thread Collective, a US-based e-commerce growth agency, global food and beverage sales were $506 billion in 2022 and are expected to reach $857 billion by 2025. Therefore, the rapid growth of the food and beverage industries is driving the growth of the Wagyu beef market.
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How does the future projection of the wagyu beef market size compare to its historical growth?
The wagyu beef market size has grown strongly in recent years. It will grow from $2.53 billion in 2024 to $2.72 billion in 2025 at a compound annual growth rate (CAGR) of 7.4%. The growth in the historic period can be attributed to cross-cultural culinary fusion, culinary education and awareness, rise of high-end retail, globalization of culinary trends, media and culinary influencers
The wagyu beef market size is expected to see strong growth in the next few years. It will grow to $3.53 billion in 2029 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period can be attributed to regulatory and quality standards, educational campaigns, online retail growth, demand in foodservice sector, expansion into new markets. Major trends in the forecast period include educational and experiential marketing, rise in ethical and sustainable practices, traceability and transparency, health and nutritional awareness, premiumization and luxury market expansion.
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Which key players are shaping the future of the wagyu beef market?
Major companies operating in the wagyu beef market include Starzen Company Ltd., Itoham Foods Inc., Stanbroke, Australian Agricultural Company, West Coast Prime Meats, Masami Foods, Broadleaf, DeBragga & Spitler Inc., Middle East Fuji L.L.C., Westholme, Mishima Reserve, The Dorset Meat Company, Jack’s Creek, Black Hawk Farms, Chicago Steak Company, Holy Grail Steak Co., KC Cattle Company, Lone Mountain Cattle Company, Nebraska Star Beef, Rangers Valley, Sher Wagyu, Snake River Farms, Tajimaya UK ltd., Morgan Ranch LLC, DrybagSteak LLC, Blackmore Wagyu, Darling Downs Wagyu, Toriyama Umami Wagyu
What trends will propel the growth and evolution of the wagyu beef market?
Product innovations are a key trend gaining popularity in the Wagyu beef market. Major companies operating in the Wagyu beef market are focused on innovating new products and solutions to sustain their position in the market. For instance, in February 2023, Hall Farmstead, a US-based producer of wagyu beef, launched aurebred artisan wagyu beef. This launch would bring sustainable and ethically raised products to the market. Purebred artisan wagyu beef from the farmstead has a high amount of marbling, giving it a delicate, buttery flavor that sets it apart from crossbred wagyu variations.
Which regions are expected to become dominant players in the wagyu beef market?
Asia-Pacific was the largest region in the wagyu beef market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the wagyu beef market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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What are the emerging key segments in the wagyu beef market, and how are they evolving?
The wagyu beef market covered in this report is segmented –
1) By Type: Wagyu And Kobe, Crossbreeding, 100% Fullblood Wagyu
2) By Distribution Channel: Online Stores, Retail Stores
3) By Application: Direct To Human Consume, Industrial Use
Subsegments:
1) By Wagyu And Kobe: Kobe Beef, Matsusaka Beef, Ohmi Beef, Other Regional Wagyu Varieties
2) By Crossbreeding: Wagyu-Angus Cross, Wagyu-Holstein Cross, Wagyu-Hereford Cross
3) By 100% Fullblood Wagyu: Japanese Black (Kuroge Washu), Japanese Brown (Akage Washu), Japanese Polled (Mukaku Washu), Japanese Shorthorn (Nihon Tankaku Washu)
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What defines the structure and scope of the wagyu beef market?
Wagyu beef refers to a Japanese beef cattle breed modified from Asian cattle. It has distinct characteristics that make it tender and flavorful, and it contains a higher percentage of omega-3 and omega-6 fatty acids and more monounsaturated fats than other beef.
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