Wagyu Beef Market by Product and Geography - Forecast and Analysis 2022-2026
- Published: Sep 2022
- Pages: 130
- SKU: IRTNTR71738
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The wagyu beef market share is expected to increase by USD 3.57 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 7.4%.
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 the wagyu beef market segmentation by product (Japanese breed, Australian breed, and others) and geography (APAC, North America, Europe, Middle East and Africa, and South America). The wagyu beef market report also offers information on several market vendors, including Agri Beef Co., Australian Agricultural Co Ltd, Black Hawk Farms, Blackmore Wagyu, Chicago Steak Co., Dolan Foods Inc., GWB LLC, Havel Wagyu GbR, Holy Grail Steak Co., ITOHAM FOODS Inc., JAPAN PREMIUM BEEF Inc., JBS SA, K, and K International Inc., Lone Mountain Wagyu LLC, Masami Foods Inc., Morgan Ranch Inc., Starzen Co. Ltd., Sugar Mountain, WAGYU MASTER Europe GmbH, and Wagyu World among others.
What will the Wagyu Beef Market Size be During the Forecast Period?
Download Report Sample to Unlock the Wagyu Beef Market Size for the Forecast Period and Other Important Statistics
Wagyu Beef Market: Key Drivers, Trends, and Challenges
The increasing production and trade of wagyu beef are notably driving the wagyu beef market growth, although factors such as the premium price of wagyu beef may impede the 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 deduce end goals and refine 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 Trend
Increasing innovations is one of the major trends influencing the wagyu beef market growth. Innovations and the use of technology are the latest trends in the global Wagyu beef market. Globally, several research activities are underway to develop meat in laboratories using cell culture technology. JUST, a US-based cell-cultured meat company signed a deal with Toriyama, one of Japan's leading beef producers, which specializes in rearing cows that provide Wagyu beef cuts to develop cell-cultured Wagyu beef products. Innovations are also seen in incorporating effective traceability of the meat throughout the supply chain to assure the consumer of the meat's quality as well as adherence to standards on meat production and distribution.
Key Wagyu Beef Market Challenge
The premium price of wagyu beef is one of the key challenges faced by the wagyu beef 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 2022-2026.
Parent Market Analysis
Technavio categorizes the global wagyu beef market as a part of the global packaged foods and meats under the global food products segment of the global food, beverage, and tobacco market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the wagyu beef market during the forecast period.
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
- Black Hawk Farms
- Blackmore Wagyu
- Chicago Steak Co.
- Dolan Foods Inc.
- GWB LLC
- Havel Wagyu GbR
- Holy Grail Steak Co.
- ITOHAM FOODS Inc.
- JAPAN PREMIUM BEEF Inc.
- JBS SA
- K and K International Inc.
- Lone Mountain Wagyu LLC
- Masami Foods Inc.
- Morgan Ranch Inc.
- Starzen Co. Ltd.
- Sugar Mountain
- WAGYU MASTER Europe GmbH
- Wagyu World
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 the 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 leading companies' production, sustainability, and prospects.
Wagyu Beef Market Value Chain Analysis
Our report provides extensive information on the value chain analysis for the wagyu beef market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
Which are the Key Regions for Wagyu Beef Market?
For more insights on the market share of various regions Request PDF Sample now!
77% 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 food service 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?
To gain further insights on the market contribution of various segments Request a PDF Sample
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 food service 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 the post-COVID-19 impact on each segment.
|
Wagyu Beef Market Scope |
|
|
Report Coverage |
Details |
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Page number |
120 |
|
Base year |
2021 |
|
Forecast period |
2022-2026 |
|
Growth momentum & CAGR |
Accelerate at a CAGR of 7.4% |
|
Market growth 2022-2026 |
$3.57 billion |
|
Market structure |
Fragmented |
|
YoY growth (%) |
6.52 |
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Regional analysis |
APAC, North America, Europe, Middle East and Africa, and South America |
|
Performing market contribution |
APAC at 77% |
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Key consumer countries |
US, Japan, Hong Kong, Australia, UK, and Germany |
|
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
|
Key companies profiled |
Agri Beef Co., Australian Agricultural Co Ltd, Black Hawk Farms, Blackmore Wagyu, Chicago Steak Co., Dolan Foods Inc., GWB LLC, Havel Wagyu GbR, Holy Grail Steak Co., ITOHAM FOODS Inc., JAPAN PREMIUM BEEF Inc., JBS SA, K and K International Inc., Lone Mountain Wagyu LLC, Masami Foods Inc., Morgan Ranch Inc., Starzen Co. Ltd., Sugar Mountain, WAGYU MASTER Europe GmbH, and Wagyu World |
|
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, and Market condition analysis for the 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 2022-2026
- 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, Middle East and Africa, 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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1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
- Exhibit 06: Executive Summary – Chart on Incremental Growth
- Exhibit 07: Executive Summary – Data Table on Incremental Growth
- Exhibit 08: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 09: Parent market
- Exhibit 10: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 11: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 12: Market segments
- 3.3 Market size 2021
- 3.4 Market outlook: Forecast for 2021-2026
- Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
- Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)
4 Five Forces Analysis
- 4.1 Five forces summary
- Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
- 4.2 Bargaining power of buyers
- Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
- 4.3 Bargaining power of suppliers
- Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
- 4.4 Threat of new entrants
- Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
- 4.5 Threat of substitutes
- Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
- 4.6 Threat of rivalry
- Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
- 4.7 Market condition
- Exhibit 23: Chart on Market condition - Five forces 2021 and 2026
5 Market Segmentation by Product
- 5.1 Market segments
- Exhibit 24: Chart on Product - Market share 2021-2026 (%)
- Exhibit 25: Data Table on Product - Market share 2021-2026 (%)
- 5.2 Comparison by Product
- Exhibit 26: Chart on Comparison by Product
- Exhibit 27: Data Table on Comparison by Product
- 5.3 Japanese breed - Market size and forecast 2021-2026
- Exhibit 28: Chart on Japanese breed - Market size and forecast 2021-2026 ($ million)
- Exhibit 29: Data Table on Japanese breed - Market size and forecast 2021-2026 ($ million)
- Exhibit 30: Chart on Japanese breed - Year-over-year growth 2021-2026 (%)
- Exhibit 31: Data Table on Japanese breed - Year-over-year growth 2021-2026 (%)
- 5.4 Australian breed - Market size and forecast 2021-2026
- Exhibit 32: Chart on Australian breed - Market size and forecast 2021-2026 ($ million)
- Exhibit 33: Data Table on Australian breed - Market size and forecast 2021-2026 ($ million)
- Exhibit 34: Chart on Australian breed - Year-over-year growth 2021-2026 (%)
- Exhibit 35: Data Table on Australian breed - Year-over-year growth 2021-2026 (%)
- 5.5 Others - Market size and forecast 2021-2026
- Exhibit 36: Chart on Others - Market size and forecast 2021-2026 ($ million)
- Exhibit 37: Data Table on Others - Market size and forecast 2021-2026 ($ million)
- Exhibit 38: Chart on Others - Year-over-year growth 2021-2026 (%)
- Exhibit 39: Data Table on Others - Year-over-year growth 2021-2026 (%)
- 5.6 Market opportunity by Product
- Exhibit 40: Market opportunity by Product ($ million)
6 Customer Landscape
- 6.1 Customer landscape overview
- Exhibit 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
7 Geographic Landscape
- 7.1 Geographic segmentation
- Exhibit 42: Chart on Market share by geography 2021-2026 (%)
- Exhibit 43: Data Table on Market share by geography 2021-2026 (%)
- 7.2 Geographic comparison
- Exhibit 44: Chart on Geographic comparison
- Exhibit 45: Data Table on Geographic comparison
- 7.3 APAC - Market size and forecast 2021-2026
- Exhibit 46: Chart on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 47: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 48: Chart on APAC - Year-over-year growth 2021-2026 (%)
- Exhibit 49: Data Table on APAC - Year-over-year growth 2021-2026 (%)
- 7.4 North America - Market size and forecast 2021-2026
- Exhibit 50: Chart on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 51: Data Table on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 52: Chart on North America - Year-over-year growth 2021-2026 (%)
- Exhibit 53: Data Table on North America - Year-over-year growth 2021-2026 (%)
- 7.5 Europe - Market size and forecast 2021-2026
- Exhibit 54: Chart on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 55: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 56: Chart on Europe - Year-over-year growth 2021-2026 (%)
- Exhibit 57: Data Table on Europe - Year-over-year growth 2021-2026 (%)
- 7.6 Middle East and Africa - Market size and forecast 2021-2026
- Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- 7.7 South America - Market size and forecast 2021-2026
- Exhibit 62: Chart on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 63: Data Table on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 64: Chart on South America - Year-over-year growth 2021-2026 (%)
- Exhibit 65: Data Table on South America - Year-over-year growth 2021-2026 (%)
- 7.8 Japan - Market size and forecast 2021-2026
- Exhibit 66: Chart on Japan - Market size and forecast 2021-2026 ($ million)
- Exhibit 67: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
- Exhibit 68: Chart on Japan - Year-over-year growth 2021-2026 (%)
- Exhibit 69: Data Table on Japan - Year-over-year growth 2021-2026 (%)
- 7.9 US - Market size and forecast 2021-2026
- Exhibit 70: Chart on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 71: Data Table on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 72: Chart on US - Year-over-year growth 2021-2026 (%)
- Exhibit 73: Data Table on US - Year-over-year growth 2021-2026 (%)
- 7.10 Hong Kong - Market size and forecast 2021-2026
- Exhibit 74: Chart on Hong Kong - Market size and forecast 2021-2026 ($ million)
- Exhibit 75: Data Table on Hong Kong - Market size and forecast 2021-2026 ($ million)
- Exhibit 76: Chart on Hong Kong - Year-over-year growth 2021-2026 (%)
- Exhibit 77: Data Table on Hong Kong - Year-over-year growth 2021-2026 (%)
- 7.11 Australia - Market size and forecast 2021-2026
- Exhibit 78: Chart on Australia - Market size and forecast 2021-2026 ($ million)
- Exhibit 79: Data Table on Australia - Market size and forecast 2021-2026 ($ million)
- Exhibit 80: Chart on Australia - Year-over-year growth 2021-2026 (%)
- Exhibit 81: Data Table on Australia - Year-over-year growth 2021-2026 (%)
- 7.12 UK - Market size and forecast 2021-2026
- Exhibit 82: Chart on UK - Market size and forecast 2021-2026 ($ million)
- Exhibit 83: Data Table on UK - Market size and forecast 2021-2026 ($ million)
- Exhibit 84: Chart on UK - Year-over-year growth 2021-2026 (%)
- Exhibit 85: Data Table on UK - Year-over-year growth 2021-2026 (%)
- 7.13 Germany - Market size and forecast 2021-2026
- Exhibit 86: Chart on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 87: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 88: Chart on Germany - Year-over-year growth 2021-2026 (%)
- Exhibit 89: Data Table on Germany - Year-over-year growth 2021-2026 (%)
- 7.14 Market opportunity by geography
- Exhibit 90: Market opportunity by geography ($ million)
8 Drivers, Challenges, and Trends
- 8.1 Market drivers
- 8.2 Market challenges
- 8.3 Impact of drivers and challenges
- Exhibit 91: Impact of drivers and challenges in 2021 and 2026
- 8.4 Market trends
9 Vendor Landscape
- 9.1 Overview
- 9.2 Vendor landscape
- Exhibit 92: Overview on Criticality of inputs and Factors of differentiation
- 9.3 Landscape disruption
- Exhibit 93: Overview on factors of disruption
- 9.4 Industry risks
- Exhibit 94: Impact of key risks on business
10 Vendor Analysis
- 10.1 Vendors covered
- Exhibit 95: Vendors covered
- 10.2 Market positioning of vendors
- Exhibit 96: Matrix on vendor position and classification
- 10.3 Agri Beef Co.
- Exhibit 97: Agri Beef Co. - Overview
- Exhibit 98: Agri Beef Co. - Product / Service
- Exhibit 99: Agri Beef Co. - Key offerings
- 10.4 Australian Agricultural Co Ltd
- Exhibit 100: Australian Agricultural Co Ltd - Overview
- Exhibit 101: Australian Agricultural Co Ltd - Product / Service
- Exhibit 102: Australian Agricultural Co Ltd - Key offerings
- 10.5 Black Hawk Farms
- Exhibit 103: Black Hawk Farms - Overview
- Exhibit 104: Black Hawk Farms - Key offerings
- 10.6 Blackmore Wagyu
- Exhibit 105: Blackmore Wagyu - Overview
- Exhibit 106: Blackmore Wagyu - Product / Service
- Exhibit 107: Blackmore Wagyu - Key offerings
- 10.7 Chicago Steak Co.
- Exhibit 108: Chicago Steak Co. - Overview
- Exhibit 109: Chicago Steak Co. - Product / Service
- Exhibit 110: Chicago Steak Co. - Key offerings
- 10.8 Holy Grail Steak Co.
- Exhibit 111: Holy Grail Steak Co. - Overview
- Exhibit 112: Holy Grail Steak Co. - Product / Service
- Exhibit 113: Holy Grail Steak Co. - Key offerings
- 10.9 ITOHAM FOODS Inc.
- Exhibit 114: ITOHAM FOODS Inc. - Overview
- Exhibit 115: ITOHAM FOODS Inc. - Product / Service
- Exhibit 116: ITOHAM FOODS Inc. - Key offerings
- 10.10 JBS SA
- Exhibit 117: JBS SA - Overview
- Exhibit 118: JBS SA - Business segments
- Exhibit 119: JBS SA - Key offerings
- Exhibit 120: JBS SA - Segment focus
- 10.11 Starzen Co. Ltd.
- Exhibit 121: Starzen Co. Ltd. - Overview
- Exhibit 122: Starzen Co. Ltd. - Business segments
- Exhibit 123: Starzen Co. Ltd. - Key offerings
- Exhibit 124: Starzen Co. Ltd. - Segment focus
- 10.12 Sugar Mountain
- Exhibit 125: Sugar Mountain - Overview
- Exhibit 126: Sugar Mountain - Product / Service
- Exhibit 127: Sugar Mountain - Key offerings
11 Appendix
- 11.1 Scope of the report
- 11.2 Inclusions and exclusions checklist
- Exhibit 128: Inclusions checklist
- Exhibit 129: Exclusions checklist
- 11.3 Currency conversion rates for US$
- Exhibit 130: Currency conversion rates for US$
- 11.4 Research methodology
- Exhibit 131: Research methodology
- Exhibit 132: Validation techniques employed for market sizing
- Exhibit 133: Information sources
- 11.5 List of abbreviations
- Exhibit 134: 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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