Wagyu Beef Market by Product and Geography - Forecast and Analysis 2021-2025
- Published: Dec 2021
- Pages: 120
- SKU: IRTNTR71738
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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?
Download the Free Report Sample to Unlock the Wagyu Beef Market Size for the Forecast Period and Other Important Statistics
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.
Wagyu Beef Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.15% |
Market growth 2021-2025 |
$ 2.43 billion |
Market structure |
Fragmented |
YoY growth (%) |
5.47 |
Regional analysis |
APAC, North America, Europe, MEA, and South America |
Performing market contribution |
APAC at 74% |
Key consumer countries |
Japan, US, Hong Kong (SAR), Australia, and UK |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
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. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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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Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2020
- Market outlook: Forecast for 2020 - 2025
Five Forces Analysis
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Product
- Market segments
- Comparison by Product
- Japanese breed - Market size and forecast 2020-2025
- Australian breed - Market size and forecast 2020-2025
- Others - Market size and forecast 2020-2025
- Market opportunity by Product
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2020-2025
- North America - Market size and forecast 2020-2025
- Europe - Market size and forecast 2020-2025
- MEA - Market size and forecast 2020-2025
- South America - Market size and forecast 2020-2025
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- 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.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases

DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts

REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
Frequently Asked Questions?
- Japan
- US
- Hong Kong (SAR
- Australia
- UK
- increasing production and trade of wagyu beef
- growth in foodservice industry
Key Questions Answered
- What are the key global market and the regional market share?
- What are the revenue-generating key market segments?
- What are the key factors driving and challenging this market’s growth?
- Who are the key market vendors and their growth strategies?
- What are the latest trends influencing the growth of this market?
- What are the variables influencing the market growth in the primary regions?
- What are the factors influencing the growth of the parent market?
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