COVID-19’s Impacts Demand on Wasabi Market 2020-2024 | Demand for Japanese Cuisine to Boost Growth | Technavio

LONDON–(BUSINESS WIRE)–#GlobalWasabiMarket–Technavio has been monitoring the wasabi market and it is poised to grow by USD 296.98 million during 2020-2024, progressing at a CAGR of over 10% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Request for Technavio’s latest reports on directly and indirectly impacted markets. Market estimates include pre- and post-COVID-19 impact on the Wasabi Market Download free sample report

The market is concentrated, and the degree of concentration will accelerate during the forecast period. Clearspring Ltd., KINJIRUSHI Co. Ltd., Marui & Co. Ltd., Mountain View Wasabi, Oregon Coast Wasabi and Frog Eyes Wasabi, Real Wasabi LLC, S&B Foods Inc., TexasRealFood Inc., The Wasabi Co., and Wasabi Essentials Ltd. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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Demand for Japanese cuisine has been instrumental in driving the growth of the market.

Technavio’s custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations. https://www.technavio.com/report/report/wasabi-market-industry-analysis

Wasabi Market 2020-2024: Segmentation

Wasabi Market is segmented as below:

• Application
  • Food and Beverages
  • Medical and Nutraceuticals
• Geographic Landscape
  • APAC
  • Europe
  • MEA
  • North America
  • South America

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR40482

Wasabi Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our wasabi market report covers the following areas:

• Wasabi Market Size
• Wasabi Market Trends
• Wasabi Market Analysis

This study identifies rising awareness about the health benefits of wasabi as one of the prime reasons driving the wasabi market growth during the next few years.

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Wasabi Market 2020-2024: Key Highlights

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will assist wasabi market growth during the next five years
• Estimation of the wasabi market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the wasabi market
• Analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of wasabi market vendors

Table of Contents:

Executive Summary

• Market Overview

Market Landscape

• Market ecosystem
• Value chain analysis

Market Sizing

• Market definition
• Market segment analysis
• Market size 2019
• Market outlook: Forecast for 2019 – 2024

Five Forces Analysis

• Five Forces Summary
• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

Market Segmentation by Application

• Market segments
• Comparison by Application placement
• Food and beverages – Market size and forecast 2019-2024
• Medical and nutraceuticals – Market size and forecast 2019-2024
• Market opportunity by Application

Customer Landscape

• Overview

Geographic Landscape

• Geographic segmentation
• Geographic comparison
• APAC – Market size and forecast 2019-2024
• North America – Market size and forecast 2019-2024
• Europe – Market size and forecast 2019-2024
• South America – Market size and forecast 2019-2024
• MEA – Market size and forecast 2019-2024
• Key leading countries
• Market opportunity by geography

Drivers, Challenges, and Trends

• Market drivers
• Volume driver – Demand led growth
• Volume driver – Supply led growth
• Volume driver – External factors
• Volume driver – Demand shift in adjacent markets
• Price driver – Inflation
• Price driver – Shift from lower to higher-priced units
• Market challenges
• Market trends

Vendor Landscape

• Overview
• Vendor landscape
• Landscape disruption

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• Clearspring Ltd.
• KINJIRUSHI Co. Ltd.
• Marui & Co. Ltd.
• Mountain View Wasabi
• Oregon Coast Wasabi and Frog Eyes Wasabi
• Real Wasabi LLC
• S&B Foods, Inc.
• TexasRealFood Inc.
• The Wasabi Co.
• Wasabi Essentials Ltd.

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

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