Wagyu is a breed of cattle native and unique in their genetics to Japan.Wagyu beef is highly marbled, meaning that the muscle is finely interspersed with monounsaturated fat. This marbling gives the beef its “melt in the mouth” moisture and tenderness.
According to our (Global Info Research) latest study, the global Wagyu Beef market size was valued at USD 10910 million in 2022 and is forecast to a readjusted size of USD 13920 million by 2029 with a CAGR of 3.5% during review period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Japan is the largest producer of Wagyu Beef, and it also leads in global consumption, accounting for more than 80% of total volume. Except for Japan, Australia and US are also the main producer of wagyu beef.
The market for Wagyu Beef is fragment, the major players including Itoham Foods Inc., Starzen Co., Ltd., Australian Agricultural Company (AACo), Snake River Farms, Mishima Reserve, Blackmore Wagyu, Imperial Wagyu Beef, Black Hawk Prime, Lone Mountain Cattle Company, Toriyama Umami Wagyu, Masami Foods, Morgan Ranch and so on. Itoham Foods Inc account for nearly 15% global market share in value in 2019.
This report is a detailed and comprehensive analysis for global Wagyu Beef market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Sales Channel. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2023, are provided.
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Major players covered
Itoham Foods Inc.
Starzen Co., Ltd.
Australian Agricultural Company (AACo)
Snake River Farms
Mishima Reserve
Blackmore Wagyu
Imperial Wagyu Beef
Black Hawk Prime
Lone Mountain Cattle Company
Toriyama Umami Wagyu
Masami Foods
Morgan Ranch
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, COVID-19 and Russia-Ukraine War Influence.
Market Segmentation
Wagyu Beef market is split by Type and by Sales Channel. For the period 2018-2029, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Sales Channel in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
Fullblood Wagyu
Purebred Wagyu
Crossbred Wagyu
Market segment by Sales Channel
Retail
Wholesaler
Direct to Consumer
Others
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Wagyu Beef product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Wagyu Beef, with price, sales, revenue and global market share of Wagyu Beef from 2018 to 2023.
Chapter 3, the Wagyu Beef competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Wagyu Beef breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2018 to 2029.
Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2018 to 2029.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2022.and Wagyu Beef market forecast, by regions, type and application, with sales and revenue, from 2024 to 2029.
Chapter 12, market dynamics, drivers, restraints, trends, Porters Five Forces analysis, and Influence of COVID-19 and Russia-Ukraine War.
Chapter 13, the key raw materials and key suppliers, and industry chain of Wagyu Beef.
Chapter 14 and 15, to describe Wagyu Beef sales channel, distributors, customers, research findings and conclusion.
Research Data Source:
Primary and secondary research as two components of methodology applied: Primary research is based on online and telephone based survey, i.e. interviews with several key experts with different functions in the market – from industry, trade and customers, associations and external experts such as researchers. Secondary research is based on all kinds of publicly or commercially available sources, such as publications and further information published from industry (annual reports, company websites, press releases, industry journals and trade publications), relevant databases (government, patent, statistics, markets), scientific and technical writings for product information, scientific articles, and further paid data sources.
This study is based on analysis of information obtained continually since 2016 through our research regarding this industry, but updated through the recent months of 2022. During this period, our analysts performs interviews with authoritative and representative individuals in this industry, industry associations, import/export, and other. The interviews were conducted principally with:
- Manufactuers and their competitors
- Distributors, wholesaler, and agents
- Customers
- CEOs/ Marketing Executives
- Business Heads
- Industry Experts
- Technology and Innovation Directors
- Senior Managers
- Program/Project Directors
A full review of published information was also performed to supplement information obtained through interviews. The following sources were reviewed:
- Professional technical journals and papers
- Trade press articles
- Technical conference proceedings
- Product literature
- Company profile and financial information
- Additional information based on previous Global Info Research market studies
- Personal knowledge of the research team.
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