Wagyu Beef Market Summary
Wagyu is finely marbled beef that contains higher amounts of fatty acids, such as conjugated linoleic acid (CLA), which makes it more tender and flavorful than other types of beef. Wagyu fat has a better flavor and lower melting point than fat in common beef cattle. Further, it contains oleic acid that is considered good for the heart, and it has the lowest cholesterol levels when compared to other red meats, fish, and chicken. Wagyu beef also resembles olive oil and salmon in terms of health benefits due to its high marbling. Therefore, the growing awareness about various health benefits of wagyu beef will propel its demand during the forecast period.
According to the new market research report “Global Wagyu Beef Market Report 2024-2030”, published by QYResearch, the global Wagyu Beef market size is projected to reach USD 9.4 billion by 2030, at a CAGR of 9.0% during the forecast period.
- Global Wagyu Beef MarketSize(US$ Million), 2019 VS 2023 VS 2030
Based on or includes research from QYResearch: Global Wagyu Beef Market Report 2024-2030.
The wagyu beef market is experiencing significant growth due to the increasing production and trade of wagyu beef. Japan holds the leading position as the largest exporter of wagyu beef since 2020, closely followed by Australia. The rising stock of wagyu beef in Japan is expected to drive growth in the global market during the forecast period, as it helps meet the growing demand for this premium meat. Governments’ initiatives to promote wagyu production, such as Japan’s support payments to Wagyu cattle producers under the Japan Beef Livestock Stabilisation Programme (Marukin), have led to increased production, further propelling the market growth in the forecast period.
The Cell-cultured wagyu beef and enhanced traceability measures are driving trends in the wagyu beef market. Researchers worldwide are innovating with cell culture technology to develop meat, while unique identification numbers on beef products offer consumers detailed information about the cattle’s origin. This increased traceability reduces counterfeit products and boosts consumer confidence, leading to market growth in the forecast period.
- Global Wagyu Beef Top10 Players Rankingand Market Share（Continually updated）
Based on or includes research from QYResearch: Global Wagyu Beef Market Report 2024-2030.
According to QYResearch Top Players Research Center, the global key manufacturers of Wagyu Beef include Itoham Foods Inc., Starzen Co., Ltd., etc. In 2023, the global top three players had a share approximately 52.0% in terms of revenue.
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