Global Wasabi Market Research Report analyses the industry status, size, share, trends, growth opportunity, compsetition landscape and forecast to 2027. This report also provides data on patterns, improvements, target business sectors, limits and advancements. Furthermore, this research report categorizes the market by companies, region, type and end-use industry. An exclusive data offered in this report is collected by The Insight Partner’s dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
The global wasabi market accounted to US$ 279.7 Mn in 2018 and is expected to grow at a CAGR of 8.7% during the forecast period 2019 – 2027, to account to US$ 590.8 Mn by 2027.
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Top Leading Players: World Wasabi Inc.,Clearspring Ltd.,Eden Foods,KINJIRUSHI Co., Ltd.,Oregon Coast Wasabi,Real Wasabi, LLC,Wingreens Farms,Wasabi Essentials Ltd.,S&B Foods Inc.,Silver Spring Foods, Inc.
The North America is the second-largest market in the wasabi market. Apart from APAC and North America, Europe remains at the third-largest geographic segment in the wasabi market. In the European countries, the demand for healthy foods and diets is rising at a fast pace in developed countries such as Germany, France, Italy, and UK. The popularity of Japanese cuisine due to its superb mix of nutrition is also increasing among Europeans. All the aforesaid factors would help to boost the business of wasabi market.
The wasabi market by application is further segmented into food & beverage, medical, and nutraceutical. The food & beverage of the wasabi market dominate the application segment and is expected to continue its dominance throughout the forecast period from 2019 – 2027. With an increase in the number of Japanese restaurants, demand for authentic wasabi is also booming. Around 5-10% of restaurants serve wasabi which is made from the actual plant outside Japan, whereas, remaining hotels and restaurants uses imitation of wasabi made up from horseradish, green color flavoring, mustard, and others.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the Wasabi market based on various segments. The Wasabi market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
Regional Analysis covers: North America, Europe, APAC, MEA and South & Central America
The reports cover key developments in the Wasabi market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market payers from Wasabi market are anticipated to lucrative growth opportunities in the future with the rising demand for Wasabi in the global market.
Table of Contents included in Wasabi Market Report – Introduction, Key Takeways, Research Methodology, Wasabi Market Landscape, Wasabi Market – Key Market Dynamics, Wasabi Market – Global Market Analysis, Wasabi Market – Revenue And Forecasts To 2027 – Product Type, Wasabi Market – Revenue And Forecasts To 2027 – Industry, Industry Landscape, Wasabi Market, Key Company Profiles, Appendix.
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