The Business Research Company’s Wagyu Beef Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Wagyu Beef Global Market Report 2023 evaluates wagyu beef market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global wagyu beef market is expected to grow from $2.18 billion in 2022 to $2.35 billion in 2023 at a compound annual growth rate (CAGR) of 7.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The wagyu beef market is expected to reach $3.07 billion in 2027 at a CAGR of 6.8%.
The rapid growth of the food and beverage industries is expected to propel the growth of the Wagyu beef market going forward. The food and beverage industry refers to an enterprise transforming raw agricultural materials into consumer food products, food transportation services, catering businesses, and others. Wagyu beef is consumed mainly in the food industry, as it contains high levels of fat marbling, resulting in a vibrant flavor that is best consumed in small portions. For instance, in April 2022, according to the reports shared by the Common Thread Collective, a US-based e-commerce growth agency, global food and beverage sales were $506 billion in 2022 and are expected to reach $857 billion by 2025. Furthermore, in September 2022, according to Statistics Sweden, a Sweden-based government agency, food and beverage sales in 2021 were $30.74 billion (SEK 334 billion), an increase of 2.9%, or $8.28 billion (SEK 9 billion), from 2020. Therefore, the rapid growth of the food and beverage industries is driving the growth of the Wagyu beef market.
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The wagyu beef market segments in the report are:
1) By Type: Wagyu And Kobe, Crossbreeding, 100% Fullblood Wagyu
2) By Distribution Channel: Online Stores, Retail Stores
3) By Application: Direct To Human Consume, Industrial Use
The table of contents in TBRC’s wagyu beef market report includes:
- Executive Summary
- Wagyu Beef Market Characteristics
- Wagyu Beef Market Trends And Strategies
- Wagyu Beef Market – Macro Economic Scenari
- Global Wagyu Beef Historic Market Size and Growth
- Global Wagyu Beef Market Competitive Benchmarking
- Global Wagyu Beef Market Competitive Dashboard
- Key Mergers And Acquisitions In The Wagyu Beef Market
- Wagyu Beef Market Future Outlook and Potential Analysis
- Appendix
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