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Wagyu Beef Market Size, Share, Growth, Industry Trends And Global Forecast 2023-2032
Wagyu Beef Market Report
The Business Research Company's Wagyu Beef Global Market Report 2023 identifies the rapid growth of the food and beverage industries as the major driver for the wagyu beef market's growth in the forecast period. 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.
The global wagyu beef market is expected to grow from $2.18 billion in 2022 to $2.35 billion in 2023 at a compound annual growth rate (CAGR) of 7.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The wagyu beef market is expected to reach $3.07 billion in 2027 at a CAGR of 6.8%.
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Major competitors in the wagyu beef market are Starzen Company Ltd., Itoham Foods Inc., Stanbroke, Australian Agricultural Company,West Coast Prime Meats .
A key trend in the wagyu beef market includes product innovations. Major companies operating in the Wagyu beef market are focused on innovating new products and solutions to sustain their position in the market. For instance, in February 2023, Hall Farmstead, a US-based producer of wagyu beef, launched aurebred artisan wagyu beef. This launch would bring sustainable and ethically raised products to the market. Purebred artisan wagyu beef from the farmstead has a high amount of marbling, giving it a delicate, buttery flavor that sets it apart from crossbred wagyu variations.
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The wagyu beef market is segmented -
•By Type: Wagyu And Kobe, Crossbreeding, 100% Fullblood Wagyu
•By Distribution Channel: Online Stores, Retail Stores
•By Application: Direct To Human Consume, Industrial Use
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the wagyu beef market.
The Business Research Company's "Global Wagyu Beef Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Wagyu Beef Market Include:
1. Executive Summary
2. Wagyu Beef Market Characteristics
3. Wagyu Beef Market Trends And Strategies
4. Wagyu Beef Market - Macro Economic Scenario
5. Global Wagyu Beef Historic Market Size and Growth, 2017 - 2022, Value ($ Billion)
……
32. Global Wagyu Beef Market Competitive Benchmarking
33. Global Wagyu Beef Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Wagyu Beef Market
35. Wagyu Beef Market Future Outlook and Potential Analysis
36. Appendix
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