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Market Overview of Global Wagyu Beef market:
According to our latest research, the global Wagyu Beef market looks promising in the next 5 years. As of 2022, the global Wagyu Beef market was estimated at USD 4709.88 million, and it's anticipated to reach USD 6973.67 million in 2028, with a CAGR of 6.76% during the forecast years.
The epidemic has dealt a heavy blow to the global wagyu industry.
The COVID-19 epidemic has dealt a heavy blow to the Wagyu industry. Workers' cluster infections continue to expand, and meat processing plants have been closed one after another. In addition, farmers' cattle cannot be sold, and their business conditions are rapidly deteriorating. According to statistics from the Centers for Disease Control and Prevention (CDC) in the United States, 115 factories in 19 states in the United States had outbreaks, with about 5,000 infections and 20 deaths. Because the operating distance of the meat processing plant is very close, the risk of infection is high.
This crisis is not limited to livestock farmers. With the closure of global restaurants and the continuous expansion of logistics chaos, the demand for Wagyu beef has fallen sharply. Many countries have begun to explore restarting economic activities, but whether demand and logistics can return to previous levels will depend on the development of the epidemic and the development of vaccines. However, as far as the current situation is concerned, COVID-19 has indeed brought a greater restriction to the overall development of Wagyu in the industry.
Healthy benefits of Wagyu Beef.
Wagyu is rich in fatty acids such as conjugated linoleic acid (CLA), which makes it tenderer and more flavorful than other types of beef. Secondly, beef fat has better flavor and lower melting point than ordinary beef fat. In addition, it also contains oleic acid, which is considered to be good for the heart, and has the lowest cholesterol level compared to other red meat, fish and chicken. Therefore, for those who want to work out and change their lifestyle, Wagyu is a better beef choice. As a result, awareness of the various health benefits of Wagyu beef will drive demand growth over the forecast period.
Wagyu breeding costs are high.
Raising wagyu cattle is very strict with feed and quality control, and each wagyu has a birth certificate to prove its pedigree. From birth, wagyu cattle are raised on milk, grass and protein-containing feed. Some ranches will also hire someone to massage and drink beer for the cattle to make the meat more tender. Even on Australian farms, it is being raised with high quality red wine. In this respect, the consumption of breeding cost increases the cost of the whole wagyu cattle by a large margin, which is not so friendly to big consumers and is not conducive to the development of the broad consumer market. At the same time, high breeding costs will put pressure on producers.
Region Overview:
In 2021, the share of the Wagyu Beef market in Asia Pacific stood at 65.44%.
Company Overview:
Australian Agricultural Company (AACo) is one of the major players operating in the Wagyu Beef market, holding a share of 4.89% in 2022.
Australian Agricultural Company (AACo)
Australian Agricultural Company Ltd. breeds, fattens and sells commercial beef cattle. The Company also breeds stud cattle, grows sheep and wool and produces grain crops. All operations are located in the Northern Territory, Queensland and New South Wales, Australia.
Blackmore Wagyu Wagyu Beef
Blackmore Wagyu is an award winning and internationally recognised producer of 100% Fullblood Wagyu beef, cattle that are not diluted with any other breed.
Founder, David Blackmore pioneered the production of 100% Fullblood Wagyu beef in Australia, having imported more than 80% of the Wagyu genetics into Australia between 1992 and 2004. Blackmore Wagyu is a family owned and run business having been in operation for over 30 years. Their premium Wagyu product is marketed to gourmet butchers and high end restaurants domestically and exported to 14 countries.
Segmentation Overview:
By type, Japanese breed segment accounted for the largest share of market in 2021.
Application Overview:
The market's largest segment by application is the segment Retail, with a market share of 62.87% in 2021.
This report covers a research time span from 2018 to 2028, and presents a deep and comprehensive analysis of the global Wagyu Beef market, with a systematical description of the status quo and trends of the whole market, a close look into the competitive landscape of the major players, and a detailed elaboration on segment markets by type, by application and by region.
Key Takeaways from the Global Wagyu Beef Market Report:
Market Size Estimates: Wagyu Beef market size estimation in terms of value and sales volume from 2018-2028
Market Trends and Dynamics: Wagyu Beef market drivers, opportunities, challenges, and risks
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Wagyu Beef market
Segment Market Analysis: Wagyu Beef market value and sales volume by type and by application from 2018-2028
Regional Market Analysis: Wagyu Beef market situations and prospects in North America, Asia Pacific, Europe, Latin America, Middle East, Africa
Country-level Studies on the Wagyu Beef Market: Revenue and sales volume of major countries in each region
Wagyu Beef Market Competitive Landscape and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product profile and application, etc.
Trade Flow: Import and export volume of the Wagyu Beef market in major regions.
Wagyu Beef Industry Value Chain: Wagyu Beef market raw materials & suppliers, manufacturing process, distributors, downstream customers
Wagyu Beef Industry News, Policies & Regulations
Key players in the global Wagyu Beef market are covered in Chapter 12:
ITOHAM FOODS Inc.
Blackmore Wagyu
Starzen Co., Ltd.
Snake River Farms
Australian Agricultural Company (AACo)
In Chapter 2 and Chapter 15.1, based on types, the Wagyu Beef market from 2018 to 2028 is primarily split into:
Japanese Breed
Australian Breed
In Chapter 3 and Chapter 15.2, based on applications, the Wagyu Beef market from 2018 to 2028 covers:
Retail
Foodservice
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions are covered in Chapter 7, 8, 9, 10, 11, 15.3, 15.4:
North America (Covered in Chapter 7)
United States
Canada
Asia-Pacific (Covered in Chapter 8)
China
Japan
India
South Korea
Southeast Asia
Australia
Others
Europe (Covered in Chapter 9)
Germany
France
UK
Italy
Spain
Russia
Poland
Others
Latin America (Covered in Chapter 10)
Mexico
Brazil
Argentina
Others
Middle East and Africa (Covered in Chapter 11)
GCC Countries
Africa
Others
The data of this research report is mainly obtained from industry associations, magazines, press releases, national customs, annual reports of enterprises, expert interviews, paid databases and other channels with authority. It also provides scientific forecasts of the industry's core development indicators through professional analysis and forecasting models.
In short, whatever role you take in this industry value chain, this report will help you or your company to acquire a systematic and in-depth understanding of the industry.
Chapter Outline
This report consists of 16 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 starts the report with an overview of the Wagyu Beef market, as well as the definitions of the target market and the subdivisions. Through the presented global market size, regional market sizes, and segment market shares, you will be able to draw an overall and comprehensive picture of the market situation. Meanwhile, the research method and data source will be shared in this chapter.
Chapter 2 and Chapter 3 breaks down the market by different types and applications, with historic data presented in metrics of sales volume, revenue, market share and growth rate.
Chapter 4 elaborates on market dynamics and future trends in the industry, which contains an in-depth analysis of market drivers, opportunities, challenges, and risks. Other essential factors that will have a major impact on the market, i.e., industry news and policies in recent years, global inflation, and regional conflict, are also taken into consideration.
Chapter 5 compares the sales volume and revenue of the major regions across the globe, which enables the readers to understand the regional competitive pattern.
Chapter 6 is the analysis of the trade flow. Import volume and export volume are revealed on a regional level.
Chapters 7-11 focus on country-level studies. Data from the major countries in each region are provided, showing the current development of the industry in different countries. Besides, you will also find qualitative trends analysis under global inflation under each of the 6 regions.
Chapter 12 first up presents the competitive landscape by displaying and comparing the revenues, sales volumes, and market shares of the top players in the market, followed by a company-by-company analysis of all the major market participants with introductions of their products, product applications, company profiles, and business overview. In addition, their competitiveness is manifested through numbers of sales volume, revenue, price, gross and gross margin.
Chapter 13 looks into the whole market industrial chain, ranging from the upstream key raw materials and their suppliers to midstream distributors and downstream customers, with influences of global inflation taken into consideration.
Chapter 14 is perfect for those who wish to develop new projects in the industry. This chapter sheds a light on industry entry barriers and gives suggestions on new project investments.
Chapter 15 forecasts the future trend of the market from the perspective of different types, applications, and major regions.
Chapter 16 is the conclusion of the report which helps the readers sum up the main findings and insights.
Years considered for this report:
Historical Years: 2018-2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2023-2028