Global Wagyu Beef Market Overview:
Wagyu beef is also called Japanese beef, is the most famous beef around the world. The breed for Wagyu beef is generally found in Japan and Australia and the breed includes Japanese Black, Japanese Brown, Japanese Polled and Japanese Shorthorn. There are various benefits associated with wagyu beef such as it is good for the heart due to a higher percentage of monounsaturated fat and low cholesterol content in wagyu beef is booting the growth of the market. Additionally, wagyu beef is tenderer and flavorful than other types of beef is supplementing the growth of the market. However, strict government regulation associated with wagyu beef, wagyu beef is expensive unlike other beef and very low consumption rate in developing economies such as India and China has been restricting the growth of the market. Moreover, a new innovation such as cell culture technology can enable the production of meat in laboratories. Thus, the innovation can create new opportunities for the market in the forecasted year. Some of the key players profiled in the study are AUSTRALIAN AGRICULTURAL Co. Ltd. (Australia), Blackmore Wagyu (Australia), ITOHAM FOODS Inc. (Japan), Adirect Corporation (Japan) and Snake River Farms (United States). According to Market Analyst at AMA, the Global Wagyu Beef market may see a growth rate of 5.98%
On the basis of geography, the market of Wagyu Beef has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Product Type, the sub-segment i.e. Japanese Breed (Japanese Black, Japanese Brown, Japanese Polled, Japanese Shorthorn) will boost the Wagyu Beef market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Meat Grade, the sub-segment i.e. A-Class will boost the Wagyu Beef market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Marbled Fat Grade, the sub-segment i.e. Class 1 will boost the Wagyu Beef market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increasing Demand due to Health Benefits Associated with Wagyu Beef
- Growing Demand due to Wagyu Beef is more tender and flavorful than other types of beef
Market Trend
- Rising Trend of Wagyu Dishes such as Steak, Yakiniku, Sukiyaki, Shabu-Shabu and others
Restraints
- Strict Government Regulation associated with Wagyu Beef
- Very Low Consumption Rate in Developing Economies such as India and China
Opportunities
- Increasing Adoption due to Higher Percentage of Monounsaturated Fat and Low Cholesterol Content in Wagyu Beef
- Increasing Number of Restaurant and New Flavors for Wagyu Beef
- Increasing Investment in R&D results in an Innovation such as Cell Culture Technology (develop meat in laboratories)
Challenges
- Wagyu Beef is Expensive unlike Other Beef
On September 2015, Itoham Foods Inc has announced its merger with Yonekyu Corp. the merge will replace NH Food as the biggest ham and sausage processor in Japan.
Target Audience:
Wagyu Beef Producers, Raw Material Suppliers, Potential Investors, Private Research Organizations, Government Bodies and Others
Major Objectives Focused through this Study
To define, describe, and forecast the Global Wagyu Beef market on the basis of product [] , application [], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Wagyu Beef market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Wagyu Beef industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization:
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Vendors which are also part of the research are Starzen Company Limited (Japan).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Wagyu Beef market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.