Global Wasabi Powder Market Growth 2023-2029

Global Wasabi Powder Market Growth 2023-2029

Wasabi Powder is, in theory, a hot-tasting powder made from the dried, ground roots of Wasabi plants. Wasabi powder can be distinguished by its light lime coloring and sharp, hot taste and aroma. Most of the Wasabi powder that it sold internationally is not actually genuine Wasabi but instead a mix of mustard, horseradish and color additives. The reason for this is the high cost and scarcity of Wasabi root. For the true Wasabi aficionado there is no substitute for real Wasabi root that has been ground into powder. One of the big advantages Wasabi powder has over fresh Wasabi root is its relatively long shelf life. Provided that Wasabi powder is stored in a cool, shaded location, it will retain its taste. Wasabi powder can also be easily transformed into paste, as well as being used as a spice in cooking. Wasabi powder is often used as substitute for Dijon mustard.

LPI (LP Information)' newest research report, the “Wasabi Powder Industry Forecast” looks at past sales and reviews total world Wasabi Powder sales in 2022, providing a comprehensive analysis by region and market sector of projected Wasabi Powder sales for 2023 through 2029. With Wasabi Powder sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Wasabi Powder industry.

This Insight Report provides a comprehensive analysis of the global Wasabi Powder landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Wasabi Powder portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Wasabi Powder market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Wasabi Powder and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Wasabi Powder.

The global Wasabi Powder market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.

United States market for Wasabi Powder is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

China market for Wasabi Powder is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Europe market for Wasabi Powder is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Global key Wasabi Powder players cover S&B Foods Inc, Marui, Kinjirushi Co, Eden Foods Inc, Hime, Stonewall Kitchen, Real Wasabi, LLC, Beaverton Foods and Yamada, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2022.

This report presents a comprehensive overview, market shares, and growth opportunities of Wasabi Powder market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Yellow Wasabi Powder
Green Wasabi Powder
Others

Segmentation by application
Retail
Food Service
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
S&B Foods Inc
Marui
Kinjirushi Co
Eden Foods Inc
Hime
Stonewall Kitchen
Real Wasabi, LLC
Beaverton Foods
Yamada
Woodland Foods Inc
Chungjungone
Kikkoman
Tamaruya-Honten
Sakai Spice
Kaneku co.LTD
Clearspring
Dalian Tianpeng Food Co
Rizhao Huamei Food Co

Key Questions Addressed in this Report

What is the 10-year outlook for the global Wasabi Powder market?

What factors are driving Wasabi Powder market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Wasabi Powder market opportunities vary by end market size?

How does Wasabi Powder break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.