The Wagyu Beef Global Market Report 2023, provides comprehensive information on the wagyu beef market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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https://www.thebusinessresearchcompany.com/report/wagyu-beef-global-market-report
As per The Business Research Company’s Wagyu Beef Global Market Report 2023, 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%.
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Product innovations are a key trend gaining popularity in the Wagyu beef market. Major companies operating in the Wagyu beef market are focused on innovating new products and solutions to sustain their position in the market. For instance, in February 2023, Hall Farmstead, a US-based producer of wagyu beef, launched aurebred artisan wagyu beef. This launch would bring sustainable and ethically raised products to the market. Purebred artisan wagyu beef from the farmstead has a high amount of marbling, giving it a delicate, buttery flavor that sets it apart from crossbred wagyu variations.
The wagyu beef market is segmented:
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
Asia-Pacific was the largest region in the wagyu beef market in 2022.
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 Scenario
- Global Wagyu Beef Market Size and Growth
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- 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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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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