About Wagyu Steak
Wagyu is a generic name of beef in Japan and the important breeds used for Wagyu production in the Japan are Japanese Black, Japanese Brown, Japanese Shorthorn and Japanese Polled. Wagyu steak has unique taste and tenderness, which gives unrivalled eating experience. It also has various health benefits. It has the lowest cholesterol levels of all meats and high in omega 3 and 6 content. It is high in a type of fatty acid called conjugated linoleic acid (CLA), which is good for heart. The foods which are naturally high in CLA have fewer negative health effects.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that Australian Vendors will contribute the maximum growth to Global Wagyu Steak market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Australian Agricultural Company (Australia), Blackmore Wagyu (Australia), Wagyu Sekai (Canada), Gypsum Valley Wagyu Cattle Company (United States), Victor Churchill (Australia), Jack's Creek (Australia), Starzen Co., Ltd (Japan), Mayura Station (Australia), Highland Wagyu (United Kingdom) and Dairy Beef Alliance (Australia) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Wagyu Steak market by , Application (Restaurants and Hotels, Enterprises and Institutions, Households and Others) and Region.
On the basis of geography, the market of Wagyu Steak 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 Breed, the sub-segment i.e. Japanese Black (Kuroge) will boost the Wagyu Steak market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Chanel, the sub-segment i.e. Online will boost the Wagyu Steak market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Demand for Nutritious and Healthy Meals
Market Growth Drivers:
Various Health Benefits of the Wagyu Steak and Innovations and Customizations in Menus
Challenges:
High Production Cost of Breeds
Restraints:
Rising Feed Prices and Prevalence of Fake Wagyu Beef
Opportunities:
Increasing Demand for High-Quality Foods and Increasing Awareness about Wagyu Steak among People
Market Leaders and their expansionary development strategies
In August 2019 JBS USA has acquired Imperial American Wagyu Beef LLC. The acquisition help for quality and a superior eating experience to the JBS USA portfolio.
In May 2022 , Online wholesale vendor Wagyu Haus has launched its first collection of Wagyu beef. Part of the company’s goal is to provide a reliable and affordable way for consumers to access premium Japanese meat that can be difficult to locate in the United States.
Key Target Audience
Wagyu Steak Manufacturers, Product Suppliers/ Buyers, Distributors, Government Body & Associations and End-user
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.