Global Grass-fed Wagyu Beef Market Overview:
Wagyu cattle are a breed of specialty Japanese cattle that may be farmed anywhere in the world, including New Zealand, the US, and other nations that raise cattle. Wagyu beef, which is renowned for having an exceptionally high marbling level, is very tasty and soft meat that can be sliced with a fork. Kobe Beef, which originates from Wagyu cattle grown in the Kobe region of Japan, is a well-known variety of Wagyu beef. Without using grains, some farmers outside of Japan are able to produce Wagyu cattle that are comparable to those from the renowned Kobe region. To ensure its distinctively high marbling, Japanese Wagyu cattle are traditionally fed a combination of grain and grass. First Light Farms has elevated Wagyu in New Zealand, where the majority of cattle are grass-fed, by rearing Wagyu cattle exclusively on grass. Grass-fed compared to American grain-fed beef, which is high in saturated fat, wagyu steak has marbling with higher levels of beneficial omega-3 fatty acids, conjugated linoleic acid (CLAs), and monounsaturated fat. Grass-fed wagyu takes beef to a whole new level.
Attributes | Details |
---|
Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Grass-fed Wagyu Beef Market Dynamics:
Attributes | Details |
---|
Growth Drivers | - Increasing Consumption of Ready-To-Eat Meals
- High Demand For Convenient Packaged Food Products among the Population
- Presence of Robust Meat Industry and Packaged Food Industry
|
Restraints | - Stringent Regulations Regarding Beef in Various Nations
|
Road Blocks / Challenges | - Lack of Standards and Regulations
- Availability of Substitutes
- High Price
|
Gaps & Opportunities | - Unaddressed High-Potential Product Segments for Grass-fed Wagyu Beef
|
Competitive Landscape:
Global grass-fed wagyu beef is a fragmented market due to the presence of various players. The players are focusing on promoting sales of grass fed wagyu beef by providing more information regarding the safety and health advantages of the product. These will enhance their market presence. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Some of the key players profiled in the report are JBS Foods (United States), Tyson Foods (United States), Australian Agricultural Company Limited (Australia), Hormel Foods Corporation (United States), Cargill, Inc. (United States), ANZCO Foods (New Zealand), Conagra Brands, Inc. (United States), Creekstone Farms Premium Beef, LLC (United States), Sysco Corporation (United States) and Others. Considering Market by Format, the sub-segment i.e. Chilled will boost the Grass-fed Wagyu Beef market. Considering Market by Form, the sub-segment i.e. Raw Meat will boost the Grass-fed Wagyu Beef market. Considering Market by Distribution Channels, the sub-segment i.e. Direct Sales/B2B will boost the Grass-fed Wagyu Beef market. Considering Market by End User, the sub-segment i.e. Food Processing Industry will boost the Grass-fed Wagyu Beef market.
Latest Market Insights:
In January 2020, JBS has invested USD 17.08 million in the acquisition and construction of the plant and is offering a portfolio of Seara and Friboi products in the Chinese market, such as Do Chef Friboi, Maturatta Friboi, Reserva Friboi, Swift Black, and 1953 Friboi. Hong Kong-based Chinese business WH Group and Brazilian red meat processor JBS had undertaken an MoU to supply beef and other meat products in China.
In November 2021, Meat major JBS has said that it expects to bring cultivated meat to the European market by 2024 after acquiring control of Spanish start-up BioTech Foods.
What Can be Explored with the Grass-fed Wagyu Beef Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Grass-fed Wagyu Beef Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Grass-fed Wagyu Beef
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Grass-fed Wagyu Beef market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Grass-fed Wagyu Beef market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Direct Sales/B2B, Indirect Sales/B2C, Hypermarkets/ Supermarkets, Specialty Meat Outlets, Groceries/Mass Retailers, Wholesale Club Stores, Butcher Shops, Ranch, Online Retailing and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.