Wasabi Market Growth Analysis 2019-2024 | World Wasabi Inc., Clearspring Ltd., Eden Foods, KINJIRUSHI Co., Ltd.
Chicago, United States, Nov, 2019 -- Wasabi Market research report covers market share, size, CAGR, industry analysis, market strategy, statistical analysis, sales, revenue, key players, information on products and application, countries, forecast year 2019-2024. This report introduces market competition situation among the vendors and company profile, latest developments and business strategies.
The global wasabi market was valued at US$ 279.7 Mn in 2018 and is expected to reach US$ 590.8 Mn by 2027 with a CAGR growth rate of 8.7% in the forecast period from 2019 to 2027.
The rising demand of wasabi owing to the increasing popularity of Japanese cuisine worldwide and its diverse health benefits, it is now grown in various parts of China, North America, Korea, and New Zealand among other places with suitable climatic conditions. Wasabi is an important condiment that is used in sushi, noodles and other Japanese dishes. Growing proliferation of Japanese cuisine across the world and increasing awareness of health benefits of wasabi are some of the factors driving the scope of wasabi market. The food & beverage industry is expected to drive the demand for wasabi worldwide owing to increase in the number of restaurants serving Japanese cuisines.
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The wasabi market is experiencing a rise in both order intake and revenues. Driving factors such as growing proliferation of Japanese cuisine across the world and increasing awareness of health benefits of wasabi are anticipated to have a huge impact on the development of wasabi market in the coming years. Further, high price of Wasabia japonica pertaining to increased production complexities is expected to hinder the market growth in the coming years and have a high impact on the wasabi market in the shorter term.
In the global wasabi market, North America is anticipated to grow with the highest CAGR during the forecast period. Whereas, Asia Pacific holds the highest market share in the wasabi market. The economic growth in the developing countries of Asia-Pacific is quite impressive and these countries are expected to offer ample growth opportunities for the wasabi market.
Global Wasabi Market Overview:
The latest report published by Report Hive Research demonstrates that the global Wasabi market will showcase a steady CAGR in the coming years. The research report includes a thorough analysis of market drivers, restraints, threats, and opportunities. It addresses the lucrative investment options for the players in the coming years. Analysts have offered market estimates at a global and regional level. The research report is a comprehensive analysis of the various factors influencing the trajectory of the global Wasabi market.
Top Market Players
World Wasabi Inc.
KINJIRUSHI Co., Ltd. And more.....
Wasabi Market Segmentation
Through the next chapters, the research report reveals the development of the Wasabi
The wasabi market globally is segmented by packaging type into bottles, tubes, pouches & sachets, and others. Geographically, the wasabi market is divided into five regions, including North America, Europe, Asia-Pacific, and the Middle East & Africa, and South America.
Table of Contents
Report Overview: It includes Wasabi market study scope, players covered, key market segments, market analysis by application, market analysis by type, and other chapters that give an overview of the research study.
Executive summary: This section of the report gives information about Wasabi market trends and shares market size analysis by region and analysis of global market size. Under market size analysis by region, analysis of market share and growth rate by region is provided.
Profiles of International Players: Here, key players of the Wasabi market are studied on the basis of gross margin, price, revenue, corporate sales, and production. This section gives a business overview of the players and shares their important company details.
Regional Study: All of the regions and countries analyzed in the Wasabi market report is studied on the basis of market size by application, market size by product, key players, and market forecast.
Key Players: This part of the Wasabi market report discusses expansion plans of companies, key mergers and acquisitions, funding and investment analysis, company establishment dates, revenues of manufacturers, and their areas served and manufacturing bases.
Breakdown by Product and Application: The review period of the Wasabi market report considered here is 2019-2024.
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