Wagyu Beef Market Size to Grow by USD 3.57 bn, Growing Inventory of Wagyu Beef in Japan to Drive Growth – Technavio

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NEW YORK, Oct. 6, 2022 /PRNewswire/ — The wagyu beef market will be driven by factors such as the growing inventory of wagyu beef in Japan. In May 2020, under the Beef Livestock Stabilization Program called Marukin, the Government of Japan announced that it would issue support payments to cattle producers of wagyu beef. Under this program, the government will pay the producers of wagyu cattle 90% of the difference between revenue and production costs, which is recalculated per month. Such initiatives will drive the market during the forecast period.

Technavio has announced its latest market research report titled Global Wagyu Beef Market 2022-2026

The wagyu beef market size is anticipated to grow by USD 3.57 billion. In addition, the growth momentum of the market will accelerate at a CAGR of 7.4% during the forecast period, according to Technavio.

Download a comprehensive report summary that describes the market size and forecast along with the research methodology. The FREE sample report is available in PDF format

Company Profiles

Some of the companies covered in this report are 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. The key offerings of a few of these vendors are listed below:

  • Agri Beef Co. – The company offers wagyu beef such as Denver Steak, Bone in New York Strip, New York Strip, and Filet Mignon.
  • Australian Agricultural Co Ltd – The company offers wagyu beef under the brand Westholme.
  • Black Hawk Farms – The company offers wagyu beef such as Black Label and Reserve Label.
  • Blackmore Wagyu – The company offers wagyu beef, which is highly marbled and the muscles are finely interspersed with monounsaturated fat.
  • Chicago Steak Co. – The company offers wagyu beef such as Wagyu Kobe Steaks and Wet Aged Wagyu Ribeye.

Learn about key strategic initiatives used by vendors, along with key news and the latest developments. View our FREE PDF Sample Report Now

Competitive Analysis

The report includes competitive analysis, which is a proprietary tool that analyzes and evaluates the position of companies based on their market performance score and industry position score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are growth strategies, financial performance over the last three years, new product launches, innovation score, growth in market share, and investments.

Market Segmentation
  • By product, the market has been classified into Japanese breed, Australian breed, and others. The Japanese breed segment will be the largest contributor to market growth during the forecast period. The consumption of wagyu beef has increased owing to promotional activities by authorities in Japan. The food service industry is a key consumer of Japanese wagyu beef. Premium Japanese wagyu beef products such as Kobe beef are popular among several fine dining and Michelin Star restaurants globally.
  • By geography, the market has been classified into APAC, North America, Europe, the Middle East and Africa, and South America. APAC will have the largest share of the market. The region will account for 77% of the market’s growth during the forecast period. This growth is attributed to factors such as the growth of the food service sector and the high consumption of wagyu beef in countries such as Japan.

Learn about the contribution of each segment summarized in concise infographics and thorough descriptions. View a FREE PDF Sample Report

Related Reports

Beef Market in US by Distribution Channel and Cut Type – Forecast and Analysis 2022-2026: The beef market share in the US should rise by USD 8.95 billion from 2021 to 2026.

Beef Market by Distribution Channel and Geography – Forecast and Analysis 2022-2026: The beef market share should rise by USD 43.05 billion from 2021 to 2026.

Wagyu Beef Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 7.4%

Market growth 2022-2026

USD 3.57 billion

Market structure

Fragmented

YoY growth (%)

6.52

Regional analysis

APAC, North America, Europe, Middle East and Africa, and South America

Performing market contribution

APAC at 77%

Key consumer countries

US, Japan, Hong Kong, Australia, UK, and Germany

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

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 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.

Browse Consumer Staples Market Reports

Table of Contents

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
About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Global Wagyu Beef Market 2022-2026

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