Wagyu Beef Market: Information by Nature (Organic, Conventional), Type (Wagyu and Kobe, Crossbreeding), Distribution Channel (Online Retail), and Region — Forecast till 2029

The wagyu beef market is growing exponentially backed by the changing consumer preference and improved standard of living. Wagyu beef is Japanese beef cattle breed-derived from Asian cattle. It comprises specific unique characteristics, which include intense fat marbling. The wagyu beef market is presently in the growing phase and is expected to observe rapid growth in the coming future. The outlook of the wagyu beef market is buoyant, primarily underpinned by the growth in household wealth and beef consumption globally. There are around two million full blood 100% wagyu globally, of which more than 90% are in Japan.

Currently, the U.S. and Australia are the largest exporters of wagyu beef, with almost 80–90% of Australian exports going to the U.S. The rapid rise in the demand for dry-aged wagyu beef, particularly in the developed nation, is boosting the market growth. Consumers' higher spending on premium beef and eating patterns provide an impetus to the market growth.

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Wagyu Beef Market: Segmentation

Faster Delivery Options and Ease of Buying to Drive the Online Segment Growth

As the e-commerce market is booming at a tremendous growth rate, it has compelled the manufacturers to adopt an omnichannel distribution strategy for higher revenues. Consumers are now spending more and more time on the internet and are highly engaged in online shopping. Online stores have become popular in terms of consumers, owing to their faster delivery options and a wide range of products available at competitive prices. Higher internet users, particularly in the developed regions of North America and Europe, have encouraged players to expand their online presence.
Regional Overview

Asia-Pacific: World's Largest Consumer for Wagyu Beef Market

Asia-Pacific decisively dominates the wagyu beef market, backed by the origin of the wagyu cattle breed. Japan is the frontrunner in the market and has high exports of wagyu beef, prominently in the developed regions. The quality of the elite Wagyu or Kobe is only found in Japan due to its geographic location and stipulations. In the region, full blood 100% beef type is popular and holds 96% of the wagyu breed cattle globally. Outside Japan, Australia accounts for the second-highest population of the Wagyu beef cattle. The country offers the optimal breed environment that is free of diseases, hence presenting good prospects for the industry.

Apart from the production side, the region is expected to lead the market in consumption terms as well. Food consumption patterns in the region are distinct, yet show similar characteristics to the consumption patterns of the developed countries. In Japan, over 70% of the population in the country consumes Wagyu beef regularly. The country has lower exports of wagyu beef as compared to the U.S. and Australia, owing to its large domestic demand.

According to the FAO reports, people living in Japan consume less food than Americans, around 1000 kilocalories less. Japanese spend more of their incomes on food and beverages, which means high food prices in Japan. The individuals in the country desire varied and high-quality food products, thereby creating a market for premium beef. Debouching trends of the food industry and growing convenient fast-food joints are building a platform for the regional wagyu beef market.

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Key Players
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
DrybagSTeak, LLC
Wagyu Beef Market: Segmentation

By Nature

Organic
Conventional
By Type

Wagyu and Kobe
Crossbreeding
100% Fullblood Wagyu
By Distribution Channel

B2B
B2C
Store-Based Retail
Hypermarkets and Supermarkets
Restaurants
Food Chain
Online Retail
By Region

North America
Europe
Asia-Pacific
South America
The Middle-East and Africa

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This release was published on openPR.