Wagyu Beef Market is Anticipated to Reach a Value of USD 3.66 billion, at a CAGR of 6.50% by 2029

The Wagyu Beef Market which, over the projected period of 2022-2029, In-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis, and consumer behaviour are all included in the market report created by the Data Bridge Market Research team in addition to market insights like market value, growth rate, market segments, geographical coverage, market players, and market scenario.

Asian cattle have been manipulated to produce the Japanese beef cow breed known as wagyu. It differs from other forms of beef in certain ways that make it more delicate and flavorful. As consumers grow more self-aware and health-conscious and are ready to spend more money on high-quality items containing important nutrients, consumer eating habits are shifting.

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Competitive Landscape and Wagyu Beef Market Share Analysis

Some of the major players operating in the wagyu beef market are:

Black Hawk Farms (U.S.)
Australian Agricultural Company Limited (Australia)
Starzen Co., Ltd. (Japan)
Imperial Wagyu Beef (U.S.)
Toriyama Umami Wagyu (Japan)
Mishima Reserve (U.S.)
Snake River Farms (U.S.)
Blackmore Wagyu (U.S.)
Lone Mountain Cattle Company (U.S.)

Wagyu Beef Market Dynamics

Drivers

Various health benefits associated with consumption of wagyu beef

Aside from its high tenderness and enriched flavour, wagyu beef is gaining popularity among consumers due to a variety of health benefits. Wagyu beef consumption is regarded as a healthy alternative in a balanced diet. Wagyu beef has the highest concentration of omega-3 fatty acids and the highest proportion of mono-unsaturated fats. This helps to protect against Alzheimer's disease, heart disease, depression, arthritis, and high blood pressure.

The growing trend of exotic meals as well as high prevalence of five star restaurants

Wagyu beef is typically sold in five-star restaurants and symbolizes the fine-dining culture. Due to the continuous innovations and menu customization for people, the foodservice market has recently grown at a tremendous rate. The growing demand for nutritious and high-quality meals has forced the hospitality and foodservice industries to change their offerings.

Opportunity

As the e-commerce market expands at a rapid pace, manufacturers are being forced to adopt an Omni channel distribution strategy in order to increase revenue. Consumers are increasingly spending time on the internet and engaging in online shopping. Consumers prefer online stores because of their faster delivery options and wide range of products available at competitive prices.

 Increased internet usage, particularly in developed regions such as North America and Europe, has encouraged players to increase their online presence. The key players collaborate with other popular e-commerce websites to improve their digital presence.

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COVID-19 Impact on Wagyu Beef Market

The COVID-19 pandemic impacted beef production, supply chain, and prices, resulting in a severe socioeconomic crisis around the world. Initially, the prices of beef and beef products rose due to lower production and increased demand from panic buying. Later on, however, due to lockdown restrictions and lower consumer purchasing power, both beef production and demand were significantly reduced, resulting in lower beef prices

Global Wagyu Beef Market Scope

Nature

Organic
Conventional

Product type

Japanese Breed
Australian Breed
Cross Breed
Others

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Application

Direct To Human Use
Industrial Use

Distribution channel

Online
Retail

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