Press release
Wagyu Beef Market: Unleashing Growth Opportunities and Emerging Trends
Wagyu Beef Market Size
What Is The Projected Market Size Of The Global Wagyu Beef Market And Its Growth Rate?
The Wagyu Beef market has seen substantial growth in recent years and is expected to evolve further in the coming period. Key market size insights include:
• The market will rise from $2.53 billion in 2024 to $2.72 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 7.4%.
• The growth credits to the rise of high-end retail, globalization of culinary trends, culinary education and awareness, and media and culinary influencers.
• The market anticipates strong growth in the upcoming years, projecting to reach $3.53 billion in 2029 at a CAGR of 6.8%.
• This future growth is attributed to regulatory and quality standards, educational campaigns, online retail growth, demand in the food service sector, and expansion into new markets.
What Is Driving The Growth In The Wagyu Beef Market?
The Wagyu Beef market is primarily propelled by the significant growth of the food and beverage industry. Enterprises transforming raw agricultural materials into consumer food products, food transportation services, catering businesses, and others play a critical role in driving the growth. The robust flavor of Wagyu Beef, derived from its high fat marbling levels, makes it a favored choice in the food industry, especially for consumption in smaller portions. According to a report by the Common Thread Collective in April 2022, global food and beverage sales will potentially escalate from $506 billion in 2022 to reach $857 billion by 2025, further catalyzing the Wagyu Beef market growth.
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Who Are the Key Players Driving Wagyu Beef Market Growth?
The key players operating in the global Wagyu Beef market include:
• 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
What Are The Key Trends In The Wagyu Beef Market?
• A rise in ethical and sustainable practices
• The onset of educational and experiential marketing
• Increased health and nutritional awareness
• Luxury market expansion and premiumization
• Pursuit of traceability and transparency
What Are The Segments Of The Global Wagyu Beef Market?
• By Type: Wagyu And Kobe, Crossbreeding, 100% Fullblood Wagyu
• By Distribution Channel: Online Stores, Retail Stores
• By Application: Direct To Human Consume, Industrial Use
Which Region Leads The Wagyu Beef Market?
Asia-Pacific region was the largest market for Wagyu Beef in 2024, whereas North America is expected to be the fastest-growing region during the forecast period. The Wagyu Beef market report covers the following regions: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Wagyu Beef Market Global Market Report?
- Market Size Analysis: Analyze the Wagyu Beef Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Wagyu Beef Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Wagyu Beef Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities, and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Wagyu Beef Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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The global Wagyu beef market size was USD 21.42 billion in 2021. The market is projected to grow from USD 22.64 billion in 2022 to USD 34.87 billion by 2029, exhibiting a CAGR of 6.37% during the forecast period 2022-2029.
This information is provided by Fortune Business Insights, in its report titled, "Wagyu Beef Market, 2022-2029."
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List of Key Players Covered in the Report
Blackmore Wagyu (Australia)
Agri Beef Co.…
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Wagyu Beef Market Outlook
Wagyu Beef Market report offers an overall scope of the market which includes future supply and demand scenarios, changing market trends, high growth opportunities, and in-depth analysis of the future prospects of the market. The report discusses the competitive data analysis of emerging and leading market players. Further, it offers comprehensive data analysis on risk factors, challenges, and possible new routes in the Wagyu Beef market.
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Wagyu Beef Market Outlook
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The report…
