Wagyu Beef Market Report 2024 (Global Edition)

Global Wagyu Beef Market Report 2024 Market Size Split by Product Type (Japanese Breed, Australian Breed, Cross Breed, Others), by Applications (Direct To Human Use, Industrial Use), by Nature (Orga...

Wagyu Beef Market Report Description

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Competitive Landscape of the Wagyu Beef Market

Key players deploy strategic initiatives such as product innovations, partnerships, and mergers. Companies prioritize R&D to introduce cutting-edge products, ensuring a competitive edge. Robust distribution networks and adherence to quality standards amplify market presence, fostering an environment where agility and innovation define industry leaders.

Top Companies Market Share in Wagyu Beef Industry: (In no particular order of Rank)

• Black Hawk Farms (U.S.)
• Australian Agricultural Company (AACo) (Australia)
• Starzen Co Ltd . (Japan)
• Imperial Wagyu Beef (U.S.)
• Toriyama Umami Wagyu (Japan)
• Mishima Reserve (U.S.)
• Snake River Farms (U.S.)
• Blackmore Wagyu (U.S.)
• Robert Estrin/Lone Mountain Cattle Company (U.S.)
• D AND K CATTLE COMPANY L.L.C. (U.S.)
• Nebraska Star Beef (U.S.)
• Middle East Fuji LLC . (UAE)
• TAJIMAYA UK LIMITED . (U.K.)
• Holy Grail Steak Co . (U.S.)
• DEBRAGGA & SPITLER INC. (U.S.)
• Chicago Steak Company (U.S.)
• Creek Bed Country Farmacy
• LLC . (U.S.)
• The Butcher's Market (U.S.)
• West Coast Prime Meats (U.S.).
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of Wagyu Beef

Which Region Dominates the Wagyu Beef Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue. The market for Wagyu beef is expanding significantly in North America thanks to rising customer demand for high-quality meat products. Wagyu beef has captured the hearts and minds of foodies in the region with its remarkable marbling, succulent texture, and deep taste profile. Wagyu beef is becoming increasingly popular, and its increased supply and production have secured its status as a sought-after delicacy in North American cuisine.

Which Region is Expanding at the Fastest CAGR?

The European region is witnessing an increase in the sales of reagents. The market for Wagyu beef is expanding due to consumers' increasing desire for premium meats. Savvy customers are drawn to Wagyu beef because of its superb marbling, which produces unmatched flavor and tenderness. In response to the growing demand, European producers are investing in breeding initiatives and quality assurance protocols to fulfill the growing demand and establish Wagyu beef as a premium option within the region's culinary scene.

The current report Scope analyzes Wagyu Beef Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Wagyu Beef Market

According to Cognitive Market Research, the global Wagyu Beef market size was estimated at USD 21512.2 Million out of which North America held the major market of more than 40% of the global revenue with a market size of USD 8604.88  million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.0% from 2024 to 2031. The market for Wagyu beef is booming in North America thanks to rising demand for premium meat. Wagyu beef's famous marbling and mouthwatering flavor have made it a sought-after delicacy among consumers. The restaurant and hotel sectors stand out among the others, as gourmet restaurants and upmarket cafes are introducing Wagyu beef to their menus to satisfy customers' need for fine dining experiences. North America is becoming a major market for Wagyu beef, with consumers and producers both able to enjoy growth and indulgence as awareness and availability increase.

Country Analysis

• According to Cognitive Market Research, the US had a major share in the Wagyu Beef market with a market size of USD 6789.25 million in 2024 and is projected to grow at a CAGR of 4.8% during the forecast period. The demand is amplified by the as disposable incomes rise. 
• The Canada Wagyu Beef market had a market share of USD 1032.59 million in 2024 and is projected to grow at a CAGR of 5.8% during the forecast period. Canada's consumers are willing to spend more on high-quality food items, including wagyu beef.
• The Mexico Wagyu Beef market is projected to witness growth at a CAGR of 5.5% during the forecast period with a market size of USD 783.04 million in 2024.

 

Europe Wagyu Beef Market

According to Cognitive Market Research, with a market value of USD 21512.2 million in 2024 and projected to expand at a compound annual growth rate (CAGR) of 5.3% from 2024 to 2031. Europe accounted for a share of over 30% of the global market size of USD 6453.66 million. The market for Wagyu beef is expanding steadily in Europe thanks to consumers' growing inclination toward expensive, superior meat products. Connoisseurs all over the continent are drawn to Wagyu steak because of its reputation for outstanding marbling and tenderness. Notably, the market is driven ahead by the gourmet food industry, which includes luxury dining establishments and specialized butchers, meeting consumer demand for decadent culinary experiences. The market has bright futures, providing producers and customers with a taste of luxury in their dining experiences as long as European consumers continue to be enthralled with Wagyu beef.

• The United Kingdom Wagyu Beef market had a market share of USD 1084.21 million in 2024 and is projected to grow at a CAGR of 6.1% during the forecast period. In the UK, Wagyu Beef sales witness an upswing due to the nation's robust influential chefs and celebrities promoting wagyu beef in cooking shows and social media platforms have heightened its popularity. 
• The France Wagyu Beef market is projected to witness growth at a CAGR of 4.5% during the forecast period with a market size of USD 593.74 million in 2024.
• According to Cognitive Market Research, the Germany Wagyu Beef market size was valued at USD 1277.82 million in 2024 and is projected to grow at a CAGR of 5.5% during the forecast period. In Germany, Wagyu Beef sales surge due to the restaurants and gourmet food retailers are incorporating wagyu beef into their menus to cater to the demand for luxurious dining options. 
• The Italy Wagyu Beef market is projected to witness growth at a CAGR of 4.7% during the forecast period with a market size of USD 555.01 million in 2024.
• The Russia Wagyu Beef market is projected to witness growth at a CAGR of 4.3% during the forecast period with a market size of USD 1000.32 million in 2024.
• The Spain Wagyu Beef market is projected to witness growth at a CAGR of 4.4% during the forecast period with a market size of USD 529.20 million in 2024.
• The Luxembourg Wagyu Beef market is projected to witness growth at a CAGR of 5.4% during the forecast period with a market size of USD 200.06 million in 2024.
• The Portugal Wagyu Beef market is projected to witness growth at a CAGR of 5.1% during the forecast period with a market size of USD 135.53 million in 2024.
• The Greece Wagyu Beef market is projected to witness growth at a CAGR of 5.6% during the forecast period with a market size of USD 77.44 million in 2024.
• Rest of Europe Wagyu Beef market is projected to witness growth at a CAGR of 4.0% during the forecast period with a market size of USD 1000.32 million in 2024.

Asia Pacific Wagyu Beef Market

According to Cognitive Market Research, the global Wagyu Beef market size was estimated at USD 21512.2 Million out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 4947.81 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.8% from 2024 to 2031. The Wagyu beef market is flourishing throughout the Asia-Pacific area, which is not surprising given the region's rich culinary history and rising income. Because of its remarkable flavor and marbling, wagyu beef is highly valued by diners looking for fine dining experiences. Notably, the demand for Wagyu beef is significantly fueled by the hospitality and foodservice sectors, which include upscale dining establishments and five-star hotels, satisfying the discriminating palates of wealthy patrons. The Asia-Pacific Wagyu beef industry is expected to increase steadily due to rising disposable incomes and a strong demand for fine cuisine, providing producers and consumers with a taste of sophisticated and exceptional cuisine.

• According to Cognitive Market Research, the China Wagyu Beef market size was valued at USD 2226.51 million in 2024 and is projected to grow at a CAGR of 8.3% during the forecast period. Wagyu Beef sales surge in China due to the nation's with a growing middle class and increasing disposable incomes, consumers are seeking premium food products like wagyu beef.
• The Japan Wagyu Beef market is projected to witness growth at a CAGR of 7.3% during the forecast period with a market size of USD 682.80 million in 2024.
• The India Wagyu Beef market had a market share of USD 593.74 million in 2024 and is projected to grow at a CAGR of 10.6% during the forecast period. The demand is augmented by India's as dining out becomes more common, consumers are willing to explore and spend on luxury dining experiences, contributing to the demand for wagyu beef.
• The South Korea Wagyu Beef market is projected to witness growth at a CAGR of 7.9% during the forecast period with a market size of USD 494.78 million in 2024.
• The Australia Wagyu Beef market is projected to witness growth at a CAGR of 8.5% during the forecast period with a market size of USD 257.29 million in 2024.
• The South East Asia Wagyu Beef market is projected to witness growth at a CAGR of 9.8% during the forecast period with a market size of USD 341.40 million in 2024.
• The Rest of Asia Pacific Wagyu Beef market is projected to witness growth at a CAGR of 8.6% during the forecast period with a market size of USD 351.29 million in 2024.

South America Wagyu Beef Market

According to Cognitive Market Research, the global Wagyu Beef market size was estimated at USD 21512.2 Million out of which Latin America market of more than 5% of the global revenue with a market size of USD 1075.61 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.2% from 2024 to 2031. The Wagyu beef sector is slowly taking off in Latin America thanks to consumers' growing desire for high-quality meat products and fine dining experiences. Although it is still in its infancy, Wagyu beef is becoming more and more popular among wealthy customers who appreciate its exceptional quality and distinct flavor. One of the main industries fueling demand for Wagyu beef is hospitality, specifically high-end dining establishments and luxury resorts that serve affluent patrons looking for fine dining experiences. South America offers potential market development opportunities as Wagyu beef becomes more widely known and accessible, providing consumers and producers with a taste of luxury in their culinary explorations.

• According to Cognitive Market Research, the Brazil Wagyu Beef market size was valued at USD 460.36 million in 2024 and is projected to grow at a CAGR of 6.8% during the forecast period. Wagyu Beef sales flourish in Brazil due to the nation's western cuisines, including those featuring wagyu beef, have gained popularity among consumers, further driving demand.
• The Argentina Wagyu Beef market had a market share of USD 180.70 million in 2024 and is projected to grow at a CAGR of 7.1% during the forecast period. The demand is augmented by Argentina's commitment to consumers prioritize food products with high quality and sustainability, making wagyu beef an attractive option due to its reputation for superior taste and ethical production practices.
• The Colombia Wagyu Beef market is projected to witness growth at a CAGR of 6.0% during the forecast period with a market size of USD 95.73 million in 2024.
• The Peru Wagyu Beef market is projected to witness growth at a CAGR of 6.4% during the forecast period with a market size of USD 88.20 million in 2024.
• The Chile Wagyu Beef market is projected to witness growth at a CAGR of 6.5% during the forecast period with a market size of USD 77.44 million in 2024.
• The Rest of Latin America Wagyu Beef market is projected to witness growth at a CAGR of 5.3% during the forecast period with a market size of USD 173.17 million in 2024.

 

Middle East and Africa Wagyu Beef Market

According to Cognitive Market Research, the global Wagyu Beef market size was estimated at USD 21512.2 Million out of which Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 430.24 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.5% from 2024 to 2031. Wagyu beef sales are gradually but distinctly expanding in the Middle East and Africa, driven by rising disposable incomes and a growing inclination toward high-end culinary items. Savvy diners looking for fine dining experiences are drawn to Wagyu steak because of its famous marbling and outstanding flavor characteristics. Notably, the demand for Wagyu beef is significantly fueled by the hospitality sector, which includes high-end dining establishments and five-star hotels, serving the region's affluent customers. The Middle East and Africa provide exciting prospects for additional expansion in the Wagyu beef market, providing producers and consumers with a taste of gastronomic quality as awareness grows and accessibility increases.

• According to Cognitive Market Research, the GCC Countries Wagyu Beef market size was valued at USD 184.14 million in 2024 and is projected to grow at a CAGR of 7.3% during the forecast period. Wagyu Beef sales flourish in the GCC Countries due to the with a vibrant culinary culture, increasingly experimenting with premium ingredients like wagyu beef in their home cooking, driving demand in both retail and foodservice sectors.
• The Egypt Wagyu Beef market is projected to witness growth at a CAGR of 6.8% during the forecast period with a market size of USD 45.18 million in 2024.
• The South Africa Wagyu Beef market is projected to witness growth at a CAGR of 7.5% during the forecast period with a market size of USD 67.98 million in 2024. Wagyu Beef sales flourish in the South Africa due to the tourists visiting seek authentic culinary experiences, prompting restaurants and food retailers.
• The Turkey Wagyu Beef market is projected to witness growth at a CAGR of 6.0% during the forecast period with a market size of USD 37.00 million in 2024.
• The Nigeria Wagyu Beef market is projected to witness growth at a CAGR of 5.6% during the forecast period with a market size of USD 45.18 million in 2024.
• The Rest of MEA Wagyu Beef market is projected to witness growth at a CAGR of 5.5% during the forecast period with a market size of USD 50.77 million in 2024.

Wagyu Beef Market Analysis

Wagyu Beef Product Type Segment Analysis

According to cognitive market research, Japanese breeds held the major market share over the forecast period. The Wagyu beef business is expanding globally thanks in large part to the Japanese breed of cattle. Japan's Wagyu beef is highly esteemed by chefs and discriminating consumers because of its exceptional marbling and tender texture. Because of its exceptional quality and careful breeding methods, Japanese Wagyu is becoming increasingly in demand worldwide, setting it apart as the benchmark for excellence in the beef sector.

Australian breed is the fastest-growing category over the forecast period. Thanks to the Australian breed of Wagyu cattle, global demand for Wagyu beef is growing. Australian Wagyu beef is becoming increasingly popular among customers and chefs looking for high-quality meat products because of its remarkable flavor and marbling. Australian cattle farmers are securing their prominent place in the market by satisfying the increasing demand for Wagyu beef through strict breeding plans and a dedication to quality.

• Japanese Breed
• Australian Breed
• Cross Breed
• Others

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Wagyu Beef Industry. Request a Free Sample PDF!

Wagyu Beef Application Segment Analysis

According to Cognitive Market Research, Direct-to-Human Use holds a prominent market share. The Wagyu beef market is expanding due to the trend of direct-to-human use, which gives customers access to premium cuts straight from producers. This strategy guarantees fresher goods and a more transparent supply chain by eliminating intermediaries. The growing market for Wagyu beef is driven by direct-to-consumer sales, which provide a reliable and customized choice for discriminating customers seeking ethical and sustainable sources.

Industrial use is the fastest-growing category over the forecast period. The market for Wagyu beef is growing due to its use in industrial settings for various purposes, including the creation of gourmet foods, culinary innovation, and medicinal research. Wagyu beef enhances various industrial processes with its remarkable marbling and flavor profile, which increases demand from producers looking for premium components. The industrial Wagyu beef market is expanding due to broadening its usage.

• Direct To Human Use
• Industrial Use

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Wagyu Beef Nature Segment Analysis

According to Cognitive Market Research, Organic held the major market share over the forecast period. The industry is expanding due to customer demand for organic Wagyu beef and the growing interest in ecologically friendly, ethically sourced goods. Organic farming methods appeal to ethical customers because they prioritize animal welfare and sustainable farming practices. Expanding in this specialized market segment, organic Wagyu beef attracts health-conscious and ecologically sensitive consumers due to its emphasis on natural feeds and pasture-raised standards.

Conventional is the fastest-growing category over the forecast period. The demand for premium, high-quality meat is driving strong growth in the conventional Wagyu beef market. Culinary lovers and picky palates are drawn to Wagyu beef because of its well-known marbling, softness, and rich flavor. Producers are expanding into new local and international markets to keep up with the increasing demand for this highly sought-after delicacy.

• Organic
• Conventional

Wagyu Beef Distribution Channel Segment Analysis

According to Cognitive Market Research, Online, held the major market share over the forecast period. The convenience and accessibility of Wagyu beef is driving tremendous growth in the internet industry. Consumers are increasingly turning to online platforms when buying premium Wagyu beef because they provide a greater assortment of cuts and grades and the convenience of doorstep delivery. The online Wagyu beef market's growth is driven by producers' ability to reach a wider audience and customers' seamless purchasing experience, both of which are made possible by this digital change.

Retail is the fastest-growing category over the forecast period. The growing demand for premium meat among consumers is driving significant growth in the retail Wagyu beef sector, which supermarkets and specialized retailers supply. Home cooks and culinary enthusiasts are increasingly drawn to Wagyu steak due to its outstanding flavor and marbling. Wagyu beef products are becoming more and more popular, and this is partly due to their increased availability and retail advertising activities.

• Online
• Retail

Author's Detail

Nisha Deore

Research Analyst at Cognitive Market Research

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I am a well-organized, conscientious, and professional Research Analyst with two plus years of experience. In my current role, I conduct in-depth secondary research, data mining, competitive analysis, DRO's, PR, and Collateral writing. Whilst I enjoy working as part of a team, researching information, analyzing data, and producing results that help my organization to achieve its commercial and financial objectives.

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