Market Overview
The processed food industry is growing worldwide due to changing consumer preferences and increasing purchasing power. The growing influence of social media has led to consumers becoming more aware of the different cuisines around the world. A variety of wasabi products with different characteristics and forms have been introduced by companies to cater to the demand for enhanced flavor and texture. This is expected to drive the demand for wasabi across the world.
The global wasabi industry has been segmented by product type, packaging type, distribution channel, and region.
Based on product type, the global wasabi industry has been segmented into powder, paste and sauces, and others. The paste segment is projected to be the largest during the forecast period. The taste of wasabi is hot and pungent. However, it is different from chilies, and the hotness of wasabi dissipates in the mouth, with a mild aftertaste. Wasabi paste is used as an accompaniment to various Japanese dishes such as sushi and sashimi and is also used in cocktails. The segment is also expected to register the highest growth rate during the review period owing to the increasing popularity of Japanese cuisine across the globe.
Competitive Landscape
Some of the key players in the global wasabi industry are Wingreens Farms Pvt. Ltd. (India), Oregon Coast Wasabi (US), Real Wasabi, LLC (US), Kinjirushi CO., Ltd (US), Pacific Coast Wasabi Ltd. (US), S&B Foods Inc. (Japan), Eden Foods, Inc. (US), Clearspring Ltd. (US), and World Wasabi Inc. (New Zealand).
Market Segmentation
The global wasabi industry has been segmented based on product type, packaging type, distribution channel, and region.
Based on product type, the wasabi industry has been classified as powder, paste and sauces, and others
On the basis of packaging type, the global market has been segregated into bottles and jars, tubes, pouches and sachets, and others.
The global wasabi industry has also been divided, on the basis of distribution channel, into store-based and non-store-based. The store-based segment has been further categorized as supermarkets and hypermarkets, convenience stores, and others.
The global wasabi market has been studied for four regions—North America, Europe, Asia-Pacific, and the rest of the world.
Access Full Report Details and Order this Premium Report @
https://www.marketresearchfuture.com/reports/wasabi-market-7841
Regional Analysis
The global wasabi industry has been segmented, on the basis of region, into North America, Europe, Asia-Pacific, and the rest of the world.
Asia-Pacific is expected to dominate the global wasabi industry owing to the high consumption of wasabi products in the countries of the region. Wasabi is used in various cuisines to enhance taste, flavor, and appeal.
The market in North America is expected to be the fastest-growing due to the expanding food & beverage industry and changing consumer eating patterns in the region.
NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.
About Market Research Future
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
Contact
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
Maharashtra, India
+1 646 845 9312
Email: [email protected]