Wasabi is a plant that is related closely to cabbages and horseradish that belongs to the Brassicaceae family. Wasabi has a taste similar to that of hot mustard and most commonly used as a condiment in sushi and sashimi. The growing awareness about the medicinal and nutritional benefits of wasabi is boosting its market on a global platform. People find wasabi quite tasty due to its unique flavor that is not oil-based, unlike capsicum and chili peppers. Recent studies have proved that the presence of isothiocyanate has been beneficial in the prevention of growing tumors and useful at killing cancer cells to a certain extent. The chemical composition of wasabi is also helpful for the immune system and useful for the removal of harmful toxins from the body.
The wasabi market is anticipated to grow in the forecast period owing to the improvements in its quality coupled with rising awareness about the nutritional benefits of wasabi. The rising demand for multi-cuisine meals across the world has boosted the growth of the wasabi market. However, the limited growth of wasabi due to its geographical and climatic conditions restrict the growth of the wasabi market. On the other h and , increasing demand for the innovations of wasabi is likely to showcase growth opportunities for the wasabi market during the forecast period.
The "Global Wasabi Market Analysis to 2027" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of wasabi market with detailed market segmentation by product type, packaging type, distribution channel, and geography. The global wasabi market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading wasabi market players and offers key trends and opportunities in the market.
The global wasabi market is segmented on the basis of product type, packaging type, and distribution channels. Based on product type, the market is segmented as powder, paste & sauces, and others. On the basis of the packaging type, the market is segmented as bottles, tubes, pouches & sachets, and others. Based on distribution channel, the market is segmented as stored-based, and non-stored based.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global wasabi market based on various segments. It also provides market size and forecast estimates from the year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The wasabi market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting wasabi market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the wasabi market in these regions.
The reports cover key developments in the wasabi market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from wasabi market are anticipated to lucrative growth opportunities in the future with the rising demand for wasabi in the global market. Below mentioned is the list of few companies engaged in the wasabi market.
The report also includes the profiles of key wasabi companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, key developments in the past five years.
1. Clearspring Ltd.
2. Eden Foods, Inc.
3. Kinjirushi CO., Ltd
4. Oregon Coast Wasabi
5. Pacific Coast Wasabi Ltd.
6. Real Wasabi, LLC
7. S&B Foods Inc.
8. Silver Spring Foods, Inc
9. Wingreens Farms Pvt. Ltd.
10. World Wasabi Inc.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.