Wasabi Market Research by Production, Revenue and Market Key Players World Wasabi Inc., Clearspring Ltd., Eden Foods, KINJIRUSHI Co., Ltd

Wasabi Market to 2027 by Product Type (Powder, Paste & Sauces, and Others); Packaging Type (Bottles, Tubes, Pouches & Sachets, and Others); Distribution Channel (Store based and Non-Store based); Application (Food & Beverages, Medical, and Nutraceutical); and Geography

The wasabi plays a crucial role across the globe. It is widely grown in Japan, China, New Zealand, and more. The wasabi is used in different Japanese dishes such as sushi, noodles, and others. Wasabi makes the taste of Japanese dish more authentic owing to its pungent taste. The wasabi companies provides wasabi in the form of powder, paste, sauces, and other products for the applications including food & beverage, medical, and nutraceutical. It becomes more convenient for the consumer to take benefit of wasabi during their meals. Few companies such as Wasabi Essentials Ltd. also offers fresh wasabi. The powder wasabi is relatively less expensive than paste available in a squeeze tube. These market players are highly focused towards the development of high quality wasabi products to fulfil the customer’s requirements. The companies have realized the immense potential pertaining to wasabi and have involved in investments, product launch market initiatives.

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S&B Foods, Kinjirushi, Eden Foods, Real Wasabi LLC, and Clearspring - Prominent Market Participants in Wasabi Market

In 2018, Asia Pacific was accounted for the largest share in the wasabi market, and North America is expected to be the fastest-growing region in the wasabi market. The spring season is considered to be ideal one for the cultivation of Wasabi. North American region usually experiences spring season for three months from March until May. Also, wasabi cultivation demands for the presence of highly rich organic soil which is usually found in the coastal regions of North America. The soil rich in organic value are categorized as Histosol soils. Regions such as Michigan, Florida, Wisconsin, Alaska, and Minnesota comprise of rich organic content in the soils and prove to be favorable for wasabi cultivation.

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The global wasabi market was valued at US$ 279.7 Mn in 2018 and is expected to reach US$ 590.8 Mn by 2027 with a CAGR growth rate of 8.7% in the forecast period from 2019 to 2027.

Key Elements that the report acknowledges:
• Market size and growth rate during forecast period.
• Key factors driving the “Wasabis market” market.
• Key market trends cracking up the growth of the “Wasabis market” market.
• Challenges to market growth.
• Key vendors of “Wasabis market” market.
• Detailed SWOT analysis.
• Opportunities and threats faces by the existing vendors in Global “XYZ” market.
• Trending factors influencing the market in the geographical regions.
• Strategic initiatives focusing the leading vendors.
• PEST analysis of the market in the five major regions.

The rising demand of wasabi owing to the increasing popularity of Japanese cuisine worldwide and its diverse health benefits, it is now grown in various parts of China, North America, Korea, and New Zealand among other places with suitable climatic conditions. Wasabi is an important condiment that is used in sushi, noodles and other Japanese dishes. Growing proliferation of Japanese cuisine across the world and increasing awareness of health benefits of wasabi are some of the factors driving the scope of wasabi market. The food & beverage industry is expected to drive the demand for wasabi worldwide owing to increase in the number of restaurants serving Japanese cuisines.

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This release was published on openPR.