Wagyu Beef Market by Product and Geography - Forecast and Analysis 2021-2025

The wagyu beef market share is expected to increase by USD 2.43 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 6.15%.

This wagyu beef market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers wagyu beef market segmentation by product (Japanese breed, Australian breed, and others) and geography (APAC, North America, Europe, MEA, and South America). The wagyu beef market report also offers information on several market vendors, including Agri Beef Co., AUSTRALIAN AGRICULTURAL Co. Ltd., Blackmore Wagyu, Dolan Foods Inc., GWB LLC, Havel-Wagyu GbR, JAPAN PREMIUM BEEF Inc., Lone Mountain Wagyu LLC, Masami Foods Inc., and Starzen Co. Ltd. among others.

What will the Wagyu Beef Market Size be During the Forecast Period?

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Wagyu Beef Market: Key Drivers and Challenges

The increasing production and trade of wagyu beef is notably driving the wagyu beef market growth, although factors such as premium price of wagyu beef may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the wagyu beef industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Wagyu Beef Market Driver

The growing inventory of wagyu beef in Japan is estimated to drive the wagyu beef market during the forecast period. The increase in the production of Wagyu beef can reduce the gap between supply and demand and increase consumption which can drive the market during the forecast period. The increased production is a result of several initiatives by governments to promote wagyu production. In May 2020, the Government of Japan announced that it would issue support payments to Wagyu beef cattle producers under the Beef Livestock Stabilization Program, also known as Marukin. Under the program, the government will pay wagyu cattle producers 90% of the difference between production costs and revenue, which is recalculated monthly. Such initiatives drive the production of Wagyu beef and will drive the market during the forecast period. 

Key Wagyu Beef Market Challenge

The premium price of wagyu beef is one of the key challenges faced by the market. Wagyu beef is estimated to be around three times the cost of other types of beef. The premium price discourages price-sensitive consumers and can affect the growth of the market during the forecast period. 100% full-blood wagyu is available in limited quantities, especially in countries like the US. Due to the exclusive taste profile, wagyu beef types, such as Kobe beef, are gaining popularity across the world. Kobe beef is used in some of the premium dishes in several fine dining restaurants. The premium prices of wagyu can be attributed to tough wagyu cattle raising processes. Wagyu cattle have an inherent marbling gene, a unique component in its DNA that lends itself to cultivating the delicate and rich marbling wagyu is famed for. For this gene to turn on, wagyu must be raised in an environment that eliminates stress as much as possible. Skilled wagyu ranchers give their cattle individual care and implement practices that create a conducive environment. 

This wagyu beef market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Wagyu Beef Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

• Agri Beef Co.
• AUSTRALIAN AGRICULTURAL Co. Ltd.
• Blackmore Wagyu
• Dolan Foods Inc.
• GWB LLC
• Havel-Wagyu GbR
• JAPAN PREMIUM BEEF Inc.
• Lone Mountain Wagyu LLC
• Masami Foods Inc.
• Starzen Co. Ltd.

This statistical study of the wagyu beef market encompasses successful business strategies deployed by the key vendors. The wagyu beef market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The wagyu beef market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Wagyu Beef Market?

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74% of the market's growth will originate from APAC during the forecast period. Japan, Hong Kong (SAR), and Australia are the key markets for wagyu beef in APAC. Market growth in this region will be faster than the growth of the market in North America.

The high consumption of wagyu beef in countries such as Japan and the growth of the foodservice sector will facilitate the wagyu beef market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Product Segments in the Wagyu Beef Market?

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The wagyu beef market share growth by the Japanese breed segment will be significant during the forecast period. Promotional activities by Japanese authorities have increased wagyu beef consumption. The foodservice industry, especially the fine-dining segment, is a key consumer of Japanese wagyu beef. Premium Japanese wagyu beef products, such as Kobe beef, are popular among several Michelin Star and fine dining restaurants across the world.

This report provides an accurate prediction of the contribution of all the segments to the growth of the wagyu beef market size and actionable market insights on post COVID-19 impact on each segment.

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What are the Key Data Covered in this Wagyu Beef Market Report?

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will drive wagyu beef market growth during the next five years
• Precise estimation of the wagyu beef market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the wagyu beef industry across APAC, North America, Europe, MEA, and South America
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of wagyu beef market vendors

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