Global Wagyu Beef Market Size to grow USD 3.73 Billion by 2030 | CAGR of 6%

Wagyu Beef Market worth $3.73 billion by 2030

According to a research report published by Spherical Insights & Consulting, the Global Wagyu Beef Market Size to grow from USD 2.21 billion in 2021 to USD 3.73 billion by 2030, at a Compound Annual Growth Rate (CAGR) of 6% during the forecast period.  The market for wagyu beef is expanding dramatically, supported by shifting customer preferences and an elevated level of life. The market for wagyu beef has a positive outlook, mostly supported by rising household affluence and beef consumption worldwide.

Browse key industry insights spread across 215 pages with 110 market data tables and figures & charts from the report" Global Wagyu Beef Market Size, Share, and COVID-19 Impact Analysis By Product Type (Japanese Breed, Australian Breed, Cross Breed, and Others), By Applications (Direct To Human Use and Industrial Use), By Nature (Organic, Conventional), By Distribution Channels (Online delivery and Store-based Retail), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2021 – 2030." in detail along with the table of contents https://www.sphericalinsights.com/reports/wagyu-beef-market

View a detailed Table of Content here –

The COVID-19 pandemic has made an adverse impact on credit portfolios. There has been an unprecedented rise in unemployment and disruption in economic activity, putting a strain on the solvency of customers and companies. Central banks have taken a proactive approach by injecting liquidity into the market by lowering interest rates and asset purchase programs. Managing and monitoring credit, market, liquidity, and operational risk across financial markets were hard enough with ongoing geopolitical tensions, international trade wars, and the occasional hurricanes and earthquakes. The current pandemic situation has forced chief risk officers and their teams to recalibrate old assumptions and models used to manage and monitor risk. COVID-19’s global impact has shown that interconnectedness plays an important role in international cooperation. As a result, many governments started rushing toward identifying, evaluating, and procuring reliable solutions powered by AI.

The Online delivery segment to account for the largest market size during the forecast period

Based on the distribution channel, the Wagyu Beef Market is categorized into Online delivery and Store-based Retail. The Online delivery segment accounts for the largest market size during the forecast period. Consumers are actively engaged in online buying and are increasingly spending an increasing amount of time online. Due to quick delivery options and extensive product selection at low rates, online businesses have gained popularity among customers. Players have been pushed to increase their online presence by rising internet usage, especially in developed North America and Europe. The major firms are collaborating with other well-known e-commerce websites to improve their total digital presence.

A coronary organic segment to hold a higher CAGR during the forecast period

Based on nature, the Wagyu Beef Market is categorized as Organic and Conventional. A coronary organic segment to hold higher CAGR during the forecast period. A recent study that was published in the Journal of the Science of Food and Agriculture found that organic beef has higher levels of antioxidants, including 34% more Q10, 72% more taurine, and 53% more beta-carotene. With 17% less cholesterol, 32% less fat, 16% fewer fatty acids, and 24% fewer monounsaturated fatty acids, organic beef also showed a better-balanced lipid (fat) profile. Organic meat proved particularly advantageous, with 170% more heart-healthy linolenic acid than conventional beef.

The direct-to-human use segment is to hold a higher CAGR during the forecast period.

Based on the application, the Wagyu Beef Market is categorized as Direct To Human Use and Industrial Use. Almost all fungus, bacteria, and viruses that are present on the skin are eradicated by the procedure of direct-to-human use. Regarding the application, wagyu beef is used directly for human use as it contains a lot of nutrients which is beneficial for human health.

Asia-Pacific to hold a higher CAGR during the forecast period.

The Wagyu Beef market has been segmented into five major regions: Asia-Pacific, Europe, APAC, Latin America, and MEA. The Asia Pacific is estimated to account for the highest market share in 2022. Because Japan is the greatest producer and consumer of various forms of wagyu beef, the Asia-Pacific area now rules the wagyu beef market. In Japan, wagyu is regularly consumed by almost 80% of the population. The Japanese participate in intensive promotional operations to ensure high reach and value sales as the food service industry grows in their country. Australia, the United States, and Canada are anticipated to have rapid growth throughout the forecast period as they are the top three exporters of wagyu beef in the world.

Major vendors in the global Wagyu Beef market include Blackmore Wagyu, Itoham Foods Inc., Snake River Farms, Starzen Co. Ltd., DeBragga and Spitler, Sysco Corporation, Chicago Steak Company, Creek Bed Country Farmacy, LLC, Fairway Packing CompanyThe Butcher's Market, West Coast Prime Meat, American Grass Fed Beef, and DrybagSTeak, LLC

Market Segment

This study forecasts revenue at global, regional, and country levels from 2019 to 2030. Spherical Insights has segmented the global Wagyu beef market based on the below-mentioned segments:

Global Wagyu Beef Market, By Product Type

• Japanese Breed
• Australian Breed
• Cross-Breed
• Others

Global Wagyu Beef Market, By Applications

• Direct To Human Use
• Industrial Use

Global Wagyu Beef Market, By Nature

• Organic
• Convectional

Global Wagyu Beef Market, By Distribution Channel

• Online delivery
• Store-based Retail

Global Wagyu Beef Market, Regional Analysis

• North America
  • The US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• The Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa

About the Spherical Insights & Consulting

Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.

Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements. 

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