Global Wasabi Market 2024-2028

Global Wasabi Market 2024-2028

The wasabi market is forecasted to grow by USD 466.1 mn during 2023-2028, accelerating at a CAGR of 10.68% during the forecast period. The report on the wasabi market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising awareness about the health benefits of wasabi, growing demand for Japanese cuisine, and a rise in the number of new restaurants that serve sushi.

Technavio's wasabi market is segmented as below:

By Type

• Sauce
• Powder

By Application

• Food and beverages
• Medical and nutraceuticals

By Geographical Landscape

• APAC
• North America
• Europe
• South America
• Middle East and Africa

This study identifies the rising sales of wasabi online as one of the prime reasons driving the wasabi market growth during the next few years. Also, an increase in new product launches and increasing awareness of the benefits of organic and natural foods will lead to sizable demand in the market.

The report on the wasabi market covers the following areas:

• Wasabi market sizing
• Wasabi market forecast
• Wasabi market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading wasabi market vendors that include Beaverton Foods Inc., Clearspring Ltd., Connors Greens LLC, Eden Foods Inc., Half Moon Bay Wasabi Co., J.R. Kelly Co., Kelchner Food Products, Kikkoman Sales USA Inc., KINJIRUSHI Co. Ltd., McCormick and Co. Inc., Mountain View Wasabi, MUSO Co., Ltd., Oregon Coast Wasabi, Pacific Coast Wasabi Ltd., Real Wasabi LLC, S and B Foods Inc., Shima Wasabi, Tamaruya Honten Co. Ltd., TasFoods Ltd., The Good Bean Inc., The Wasabi Co., and ZHUHAI KINGZEST FOOD CO. LTD.. Also, the wasabi market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.