Wasabi Market to Reach US$ 590.8 million, Globally, by 2028 at 8.7% CAGR: The Insight Partners

According to our latest market study on "Wasabi Market to 2027 - Global Analysis and Forecasts 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)," the market accounted for US$ 279.7 million in 2019 and is expected to grow at a CAGR of 8.7% during 2020-2027 to reach US$ 590.8 million by 2027. The report highlights key factors driving the market growth and prominent players along with their developments in the market.

Wasabi has a distinct flavor that stems from sulfur compounds known as isothiocyanates (ITCs). When plant tissues are injured, ITCs are formed from the precursor glucosinolates (GSLs). Wasabi's ITCs help in the treatment of inflammatory disorders such as anaphylaxis and asthma. As a result, increased awareness of wasabi's qualities is projected to propel the worldwide wasabi market forward in the coming years. In addition, the shifting taste preferences, particularly in the West, are also driving the market. The addition of hot and spicy spices in Western cuisine has inspired food and beverage makers to develop wasabi-containing products. Because of the improved taste and flavor, there is a growing demand for lighter mayonnaises and sauces, including wasabi, because of the enhanced taste and flavor.

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Key vendors engaged in the Wasabi market and covered in this report:

• World Wasabi Inc.
• Clearspring Ltd.
• Eden Foods
• KINJIRUSHI Co., Ltd.
• Oregon Coast Wasabi
• Real Wasabi, LLC
• Wingreens Farms
• Wasabi Essentials Ltd.
• S&B Foods Inc.
• Silver Spring Foods, Inc.
...

Wasabi Market- by Product Type
• Powder
• Paste & Sauces
• Others

Wasabi Market – by Packaging Type
• Bottles
• Tubes
• Pouches and Sachets
• Others

Wasabi Market – by Distribution Channel
• Store based
• Non-Store based

Wasabi Market- by Application
• Food & Beverages
• Medical
• Nutraceutical

Wasabi Market 2020-2027 Global Industry research report explores analysis of historical data along with size, share, growth, demand and revenue of the global Wasabi and estimates the future trend of market on the basis of this detailed study. The study shares market performance both in terms of volume and revenue and this factor which is useful & helpful to the business.

Wasabi Market research report will give you deep insights about the Wasabi Market and it will also help you in strategic decision making. The final research document is an exhaustive document comprising of 150 pages. All our reports are usually purchased across industries by Executives, Managers, Senior Managers, Strategy people, Directors, Vice Presidents, CXOs, etc. and help them in understanding about the market trends and analysis, competition, industry landscape, market size, market revenue, forecast, COVID-19 impact analysis, SWOT analysis, etc.

The study conducts SWOT analysis to evaluate strengths and weaknesses of the key players in the Wasabi market. Further, the report conducts an intricate examination of drivers and restraints operating in the market. The report also evaluates the trends observed in the parent market, along with the macro-economic indicators, prevailing factors, and market appeal according to different segments. The report also predicts the influence of different industry aspects on the Wasabi market segments and regions.

Researchers also carry out a comprehensive analysis of the recent regulatory changes and their impact on the competitive landscape of the industry. The research assesses the recent progress in the competitive landscape including collaborations, joint ventures, product launches, acquisitions, and mergers, as well as investments in the sector for research and development.
This report strategically examines the micro-markets and sheds light on the impact of technology upgrades on the performance of the Wasabi market.

Regional and Country-wise Analysis: Global Wasabi Market
– North America (U.S., Canada, Mexico)
– Europe (Germany, France, Italy, UK, Russia, Rest of Europe)
– Asia Pacific (Australia, China, India, Japan, South Korea, Rest of Asia Pacific)
– Middle East and Africa (MEA) (South Africa, Saudi Arabia, UAE, Rest of MEA)
– South America (Brazil, Argentina, Rest of South America (SAM))

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Key points from Table of Content:

1. Introduction
2. Key Takeaways
3. Research Methodology
4. Wasabi Market Landscape
5. Global Wasabi Market - Key Industry Dynamics
6. Wasabi Market– Global Analysis
7. Wasabi Market Analysis – By Product Type
8. Wasabi Market Revenue and Forecasts to 2027 –By Packaging Type
9. Wasabi Market Analysis – By Distribution Channel
10. Wasabi Market Analysis – By Application
11. Wasabi Market - Geographic Analysis
12. Industry Landscape
13. Company Profiles
14. Appendix

LIST OF TABLES

LIST OF FIGURES

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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our wide range of research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials and Foods and Bavarages.

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