Wagyu Beef Market Share, Trends, Size, Major Players And Forecast To 2033

The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Wagyu Beef Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $3.29 billion In 2028 At A CAGR Of 6.7%.
The wagyu beef market size has grown strongly in recent years. It will grow from $2.35 billion in 2023 to $2.53 billion in 2024 at a compound annual growth rate (CAGR) of 7.6%. The growth in the historic period can be attributed to cross-cultural culinary fusion, culinary education and awareness, rise of high-end retail, globalization of culinary trends, media and culinary influencers.

The wagyu beef market size is expected to see strong growth in the next few years. It will grow to $3.29 billion in 2028 at a compound annual growth rate (CAGR) of 6.7%. The growth in the forecast period can be attributed to regulatory and quality standards, educational campaigns, online retail growth, demand in foodservice sector, expansion into new markets. Major trends in the forecast period include educational and experiential marketing, rise in ethical and sustainable practices, traceability and transparency, health and nutritional awareness, premiumization and luxury market expansion.

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Wagyu Beef Market Major Segments
The wagyu beef market covered in this report is segmented -
1) By Type: Wagyu And Kobe, Crossbreeding, 100% Fullblood Wagyu
2) By Distribution Channel: Online Stores, Retail Stores
3) By Application: Direct To Human Consume, Industrial Use

Key Driver - The Role Of Rapidly Expanding Food And Beverage Industries In Driving The Wagyu Beef Market

The rapid growth of the food and beverage industries is expected to propel the growth of the Wagyu beef market going forward. 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. For instance, in April 2022, according to the reports shared by the Common Thread Collective, a US-based e-commerce growth agency, global food and beverage sales were $506 billion in 2022 and are expected to reach $857 billion by 2025. Furthermore, in September 2022, according to Statistics Sweden, a Sweden-based government agency, food and beverage sales in 2021 were $30.74 billion (SEK 334 billion). Therefore, the rapid growth of the food and beverage industries is driving the growth of the Wagyu beef market.

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Prominent Trend - Innovative Offerings Redefining The Wagyu Beef Market

Product innovations are a key trend gaining popularity in the Wagyu beef market. 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.

Wagyu Beef Market Players
Major companies operating in the wagyu beef market report are Starzen Company Ltd., Itoham Foods Inc., Stanbroke, Australian Agricultural Company,West Coast Prime Meats, Masami Foods, Broadleaf, DeBragga & Spitler Inc., Middle East Fuji L.L.C., Westholme, Mishima Reserve,The Dorset Meat Company, Jack's Creek, Black Hawk Farms,Chicago Steak Company,Holy Grail Steak Co., KC Cattle Company,Lone Mountain Cattle Company, Nebraska Star Beef, Rangers Valley, Sher Wagyu, Snake River Farms,Tajimaya UK ltd., Morgan Ranch LLC, DrybagSteak LLC, Blackmore Wagyu, Darling Downs Wagyu, Toriyama Umami Wagyu.

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Largest And Fastest Growing Region In The Market
Asia-Pacific was the largest region in the wagyu beef market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the wagyu beef market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Wagyu Beef Market Report Structure
3. Wagyu Beef Market Trends And Strategies
4. Wagyu Beef Market - Macro Economic Scenario
5. Wagyu Beef Market Size And Growth
…..
27. Wagyu Beef Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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