Market Overview:
The global T-bone Wagyu steak market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for premium meat products, especially in developed countries. In terms of type, the Kuroge Wagyu segment is expected to lead the global T-bone Wagyu steak market during the forecast period. This can be attributed to its superior quality and taste as compared to other types of Wagyu beef available in the market. In terms of application, restaurants and hotels are expected to account for a major share of the global T-bone Wagyu steak market during the forecast period.
Product Definition:
The T-bone Wagyu steak is a cut of beef that comes from the shoulder area of the cow. It is a thick, bone-in steak that has a T-shaped bone in the middle. The meat on this steak is very tender and juicy, and it has a rich, beefy flavor. The T-bone Wagyu steak is considered to be one of the best steaks that you can buy.
Kuroge Wagyu:
Kuroge wagyu, also known as black cattle or kuroge yotsuba in Japanese, is a breed of beef cattle that was developed in Japan. The Kuroge Wagyu has been recognized by the government of Japan and the meat from these animals is considered to be superior to any other breed.
The meat from this breed has high marbling score and fat content which makes it very tender and flavorful.
Akage Wagyu:
Akage wagyu is a Japanese beef breed that was developed in the early 20th century. It is also known as Japanese Red cattle or simply red meat. Akage Wagyu has been gaining popularity among consumers due to its rich and intense flavor, which stands out when compared to other domestic breeds of Japan.
The meat from this breed tends to be firm.
Application Insights:
The restaurants and hotels segment dominated the global T-bone wagyu steak market in 2017. This can be attributed to the growing number of fine dining restaurants, steakhouses and barbecue joints that serve this premium beef. In addition, a rising number of luxury travel destinations promoting themselves as ¢â‚¬Ëœsteak vacation spots¢â‚¬â„¢ is also expected to boost product demand over the forecast period.
Households accounted for a significant share in 2017 owing to increasing consumer disposable income coupled with rising awareness regarding health benefits associated with meat consumption including iron & zinc content has boosted wagyu beef sales at local markets and supermarkets across countries such as Japan, U.S., New Zealand among others.
Regional Analysis:
Asia Pacific dominated the global market in 2017. The region is expected to witness significant growth over the forecast period owing to increasing income levels and changing food preferences of consumers. In addition, rising popularity of Japanese cuisine across various countries in Asia Pacific has been boosting industry growth.
The growing middle-class population and rapid urbanization are some of the major factors driving demand for meat products in China, India, Indonesia, Vietnam and other Southeast Asian countries. Furthermore, increased consumption of beef is a result of favorable government policies implemented by these nations as it provides high protein content with low cholesterol levels compared to other meats such as pork or chicken breast fillets.
North America accounted for more than 10% share in 2017 owing to strong brand presence associated with ‘Japan’s Prime Beef’ label among U.S.
Growth Factors:
- Increasing disposable income of consumers: The growth in the T-bone Wagyu steak market is mainly attributed to the increasing disposable income of consumers, which has led to an increase in their purchasing power.
- Changing lifestyle and food habits: There is a growing trend among people towards changing their lifestyle and food habits, which is resulting in an increased demand for premium meat products such as T-bone Wagyu steak.
- Rising awareness about the health benefits of consuming beef: The health benefits associated with consuming beef are prompting more people to include beef products such as T-bone Wagyu steak in their diet, thereby driving its demand.
- Growing popularity of barbecue parties: Barbecue parties are becoming increasingly popular among people, and this is leading to an increase in demand for grilled meat items including T-bone Wagyu steaks. 5
Scope Of The Report
Report Attributes
Report Details
Report Title
T-bone Wagyu Steak Market Research Report
By Type
Kuroge Wagyu, Akage Wagyu, Mukaku Wagyu, Tankaku Wagyu
By Application
Restaurants and Hotels, Households, Others
By Companies
AACo, DeBragga, Goldbely, Inc., Blackmore Wagyu, UU-Hokkaido, Jack's Creek, Mayura Station, Highland Wagyu, Lobel, Dairy Beef Alliance, AACo, Gypsum Valley Wagyu
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
236
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global T-bone Wagyu Steak Market Report Segments:
The global T-bone Wagyu Steak market is segmented on the basis of:
Types
Kuroge Wagyu, Akage Wagyu, Mukaku Wagyu, Tankaku Wagyu
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Restaurants and Hotels, Households, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- AACo
- DeBragga
- Goldbely, Inc.
- Blackmore Wagyu
- UU-Hokkaido
- Jack's Creek
- Mayura Station
- Highland Wagyu
- Lobel
- Dairy Beef Alliance
- AACo
- Gypsum Valley Wagyu
Highlights of The T-bone Wagyu Steak Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Kuroge Wagyu
- Akage Wagyu
- Mukaku Wagyu
- Tankaku Wagyu
- By Application:
- Restaurants and Hotels
- Households
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the T-bone Wagyu Steak Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
T-bone Wagyu steak is a premium cut of beef that comes from the Japanese wagyu breed. This steak is typically very tender and has a rich, buttery flavor. It's also one of the most expensive cuts of beef available, so it's not for everyone.
Some of the key players operating in the t-bone wagyu steak market are AACo, DeBragga, Goldbely, Inc., Blackmore Wagyu, UU-Hokkaido, Jack's Creek, Mayura Station, Highland Wagyu, Lobel, Dairy Beef Alliance, AACo, Gypsum Valley Wagyu.
The t-bone wagyu steak market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 T-bone Wagyu Steak Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 T-bone Wagyu Steak Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 T-bone Wagyu Steak Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the T-bone Wagyu Steak Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global T-bone Wagyu Steak Market Size & Forecast, 2018-2028 4.5.1 T-bone Wagyu Steak Market Size and Y-o-Y Growth 4.5.2 T-bone Wagyu Steak Market Absolute $ Opportunity
Chapter 5 Global T-bone Wagyu Steak Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 T-bone Wagyu Steak Market Size Forecast by Type
5.2.1 Kuroge Wagyu
5.2.2 Akage Wagyu
5.2.3 Mukaku Wagyu
5.2.4 Tankaku Wagyu
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global T-bone Wagyu Steak Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 T-bone Wagyu Steak Market Size Forecast by Applications
6.2.1 Restaurants and Hotels
6.2.2 Households
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global T-bone Wagyu Steak Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 T-bone Wagyu Steak Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America T-bone Wagyu Steak Analysis and Forecast
9.1 Introduction
9.2 North America T-bone Wagyu Steak Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America T-bone Wagyu Steak Market Size Forecast by Type
9.6.1 Kuroge Wagyu
9.6.2 Akage Wagyu
9.6.3 Mukaku Wagyu
9.6.4 Tankaku Wagyu
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America T-bone Wagyu Steak Market Size Forecast by Applications
9.10.1 Restaurants and Hotels
9.10.2 Households
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe T-bone Wagyu Steak Analysis and Forecast
10.1 Introduction
10.2 Europe T-bone Wagyu Steak Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe T-bone Wagyu Steak Market Size Forecast by Type
10.6.1 Kuroge Wagyu
10.6.2 Akage Wagyu
10.6.3 Mukaku Wagyu
10.6.4 Tankaku Wagyu
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe T-bone Wagyu Steak Market Size Forecast by Applications
10.10.1 Restaurants and Hotels
10.10.2 Households
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific T-bone Wagyu Steak Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific T-bone Wagyu Steak Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific T-bone Wagyu Steak Market Size Forecast by Type
11.6.1 Kuroge Wagyu
11.6.2 Akage Wagyu
11.6.3 Mukaku Wagyu
11.6.4 Tankaku Wagyu
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific T-bone Wagyu Steak Market Size Forecast by Applications
11.10.1 Restaurants and Hotels
11.10.2 Households
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America T-bone Wagyu Steak Analysis and Forecast
12.1 Introduction
12.2 Latin America T-bone Wagyu Steak Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America T-bone Wagyu Steak Market Size Forecast by Type
12.6.1 Kuroge Wagyu
12.6.2 Akage Wagyu
12.6.3 Mukaku Wagyu
12.6.4 Tankaku Wagyu
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America T-bone Wagyu Steak Market Size Forecast by Applications
12.10.1 Restaurants and Hotels
12.10.2 Households
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) T-bone Wagyu Steak Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) T-bone Wagyu Steak Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) T-bone Wagyu Steak Market Size Forecast by Type
13.6.1 Kuroge Wagyu
13.6.2 Akage Wagyu
13.6.3 Mukaku Wagyu
13.6.4 Tankaku Wagyu
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) T-bone Wagyu Steak Market Size Forecast by Applications
13.10.1 Restaurants and Hotels
13.10.2 Households
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 T-bone Wagyu Steak Market: Competitive Dashboard
14.2 Global T-bone Wagyu Steak Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 AACo
14.3.2 DeBragga
14.3.3 Goldbely, Inc.
14.3.4 Blackmore Wagyu
14.3.5 UU-Hokkaido
14.3.6 Jack's Creek
14.3.7 Mayura Station
14.3.8 Highland Wagyu
14.3.9 Lobel
14.3.10 Dairy Beef Alliance
14.3.11 AACo
14.3.12 Gypsum Valley Wagyu