Market Overview:
The global wasabi powder market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as rising demand for wasabi powder in various applications, increasing awareness about the health benefits of wasabi powder, and growing trend of using Japanese cuisine. However, volatility in prices of raw materials used for manufacturing wasabi powder may restrain the growth of this market during the forecast period. On the basis of type, yellow wasabi powder is expected to account for a major share in terms of revenue generated by the global Wasabi Powder Market during 2018-2030. This can be attributed to its high demand among consumers owing to its unique flavor profile and color when compared with other types available in the market.
Product Definition:
Wasabi powder is a condiment made from the root of the wasabi plant. It is used in Japanese cuisine and has a hot, spicy flavor.
Yellow Wasabi Powder:
Yellow wasabi powder is the latest trend in the world of wasabi. It has been gaining popularity among consumers due to its bright color and fresh taste. The product is a type of Japanese horseradish that comes in both green and yellow forms, with or without gochugaru.
Green Wasabi Powder:
Green wasabi powder is the latest trend in Japan and it has been gaining popularity around the globe. It is also known as Natural Japanese Wasabi Powder or Grilled Wasabi Powder. The green color of this product comes from a natural source, which includes chlorophyll and pigments that are extracted from fresh wasabis roots. This powder has no artificial additives or coloring agents, which makes it healthier than other products available in the market today.
Application Insights:
The retail application segment accounted for the largest share of over 50% in 2017. The product is widely used in Japanese restaurants and food stores as a table condiment to enhance the flavor of foods. It is also used as an ingredient in various dishes to provide heat and wasabi taste, which has been proven to be beneficial for health. Increasing number wasabi production farms across Japan is expected to boost product demand from 2018 to 2030.
Food service application segment will witness significant growth with a CAGR of XX% from 2018 to 2030 owingto increasing number of Japanese restaurants around the globe that serve authentic local cuisine using fresh ingredients sourced directly from Japan including wasabi powder, soy sauce, ginger root and rice vinegar among others that are served hot or cold along with different types of sushi rolls prepared by chefs trained rigorously on how they should be made according these traditional recipes serving authentic regional cuisines while providing top quality products at competitive prices thereby driving industry growth over the forecast period.
Regional Analysis:
Asia Pacific was the largest regional market in 2017 and accounted for a revenue share of more than 35%. The region is expected to continue its dominance over the forecast period. This can be attributed to growing consumer awareness regarding health benefits, along with rising demand for organic food products. Japan is one of the major producers and consumers of wasabi powder in this region owing to easy availability of raw materials as well as skilled labor at cheaper costs.
Europe also held a significant share in global industry valuation, owing to high product demand from countries including Germany, France, Italy among other Eastern European countries. Moreover Wasabia Japonica cultivation requires little land area compared to that required for conventional crops like wheat or corn; it also helps reduce soil erosion by not requiring tillage practices unlike other crops grown commonly across Europe and North America which require tillage practices before planting season commences every year. These factors are anticipated favorably impact industry growth over the coming years.
Growth Factors:
- Increasing demand for healthy and organic food products is expected to drive the growth of the wasabi powder market over the forecast period.
- Wasabi powder is a rich source of antioxidants, which helps in reducing the risk of chronic diseases such as cancer and heart disease. This is expected to boost its demand over the forecast period.
- The increasing popularity of Japanese cuisine across the globe is anticipated to fuel the growth of wasabi powder market during the forecast period.
- Wasabi powder has anti-inflammatory properties, which makes it beneficial for people suffering from arthritis and other joint pain disorders. This is likely to increase its demand in near future.
- . Growing awareness about health benefits associated with wasabi consumption is projected to propel its demand in coming years
Scope Of The Report
Report Attributes
Report Details
Report Title
Wasabi Powder Market Research Report
By Type
Yellow Wasabi Powder, Green Wasabi Powder, Others,
By Application
Retail, Food Service, Others,
By Companies
S&B Foods Inc, Marui, Kinjirushi Co, Eden Foods Inc, Hime, Stonewall Kitchen, Real Wasabi, LLC, Beaverton Foods, Yamada, Woodland Foods Inc, Chungjungone, Kikkoman, Tamaruya-Honten, Sakai Spice, Kaneku co.LTD, Clearspring, Dalian Tianpeng Food Co, Rizhao Huamei Food Co
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
239
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Wasabi Powder Market Report Segments:
The global Wasabi Powder market is segmented on the basis of:
Types
Yellow Wasabi Powder, Green Wasabi Powder, Others,
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
Retail, Food Service, 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:
- S&B Foods Inc
- Marui
- Kinjirushi Co
- Eden Foods Inc
- Hime
- Stonewall Kitchen
- Real Wasabi, LLC
- Beaverton Foods
- Yamada
- Woodland Foods Inc
- Chungjungone
- Kikkoman
- Tamaruya-Honten
- Sakai Spice
- Kaneku co.LTD
- Clearspring
- Dalian Tianpeng Food Co
- Rizhao Huamei Food Co
Highlights of The Wasabi Powder 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:
- Yellow Wasabi Powder
- Green Wasabi Powder
- Others
- By Application:
- Retail
- Food Service
- 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 Wasabi Powder 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
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Wasabi powder is a Japanese condiment made from the root of the Wasabia japonica plant. It is typically green in color and has a strong, pungent flavor. Wasabi powder can be used as an ingredient in sushi or as a garnish on dishes.
Some of the major players in the wasabi powder market are S&B Foods Inc, Marui, Kinjirushi Co, Eden Foods Inc, Hime, Stonewall Kitchen, Real Wasabi, LLC, Beaverton Foods, Yamada, Woodland Foods Inc, Chungjungone, Kikkoman, Tamaruya-Honten, Sakai Spice, Kaneku co.LTD, Clearspring, Dalian Tianpeng Food Co, Rizhao Huamei Food Co.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Wasabi Powder Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Wasabi Powder Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Wasabi Powder Market - Supply Chain
4.5. Global Wasabi Powder Market Forecast
4.5.1. Wasabi Powder Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Wasabi Powder Market Size (000 Units) and Y-o-Y Growth
4.5.3. Wasabi Powder Market Absolute $ Opportunity
5. Global Wasabi Powder Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Wasabi Powder Market Size and Volume Forecast by Type
5.3.1. Yellow Wasabi Powder
5.3.2. Green Wasabi Powder
5.3.3. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Wasabi Powder Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Wasabi Powder Market Size and Volume Forecast by Application
6.3.1. Retail
6.3.2. Food Service
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Wasabi Powder Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Wasabi Powder Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Wasabi Powder Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Wasabi Powder Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Wasabi Powder Demand Share Forecast, 2019-2026
9. North America Wasabi Powder Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Wasabi Powder Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Wasabi Powder Market Size and Volume Forecast by Application
9.4.1. Retail
9.4.2. Food Service
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Wasabi Powder Market Size and Volume Forecast by Type
9.7.1. Yellow Wasabi Powder
9.7.2. Green Wasabi Powder
9.7.3. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Wasabi Powder Demand Share Forecast, 2019-2026
10. Latin America Wasabi Powder Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Wasabi Powder Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Wasabi Powder Market Size and Volume Forecast by Application
10.4.1. Retail
10.4.2. Food Service
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Wasabi Powder Market Size and Volume Forecast by Type
10.7.1. Yellow Wasabi Powder
10.7.2. Green Wasabi Powder
10.7.3. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Wasabi Powder Demand Share Forecast, 2019-2026
11. Europe Wasabi Powder Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Wasabi Powder Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Wasabi Powder Market Size and Volume Forecast by Application
11.4.1. Retail
11.4.2. Food Service
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Wasabi Powder Market Size and Volume Forecast by Type
11.7.1. Yellow Wasabi Powder
11.7.2. Green Wasabi Powder
11.7.3. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
1.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Wasabi Powder Demand Share, 2019-2026
12. Asia Pacific Wasabi Powder Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Wasabi Powder Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Wasabi Powder Market Size and Volume Forecast by Application
12.4.1. Retail
12.4.2. Food Service
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Wasabi Powder Market Size and Volume Forecast by Type
12.7.1. Yellow Wasabi Powder
12.7.2. Green Wasabi Powder
12.7.3. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Wasabi Powder Demand Share, 2019-2026
13. Middle East & Africa Wasabi Powder Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Wasabi Powder Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Wasabi Powder Market Size and Volume Forecast by Application
13.4.1. Retail
13.4.2. Food Service
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Wasabi Powder Market Size and Volume Forecast by Type
13.7.1. Yellow Wasabi Powder
13.7.2. Green Wasabi Powder
13.7.3. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Wasabi Powder Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Wasabi Powder Market: Market Share Analysis
14.2. Wasabi Powder Distributors and Customers
14.3. Wasabi Powder Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. S&B Foods Inc
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Marui
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Kinjirushi Co
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Eden Foods Inc
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Hime
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Stonewall Kitchen
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Real Wasabi, LLC
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Beaverton Foods
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Yamada
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Woodland Foods Inc
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Chungjungone
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Kikkoman
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Tamaruya-Honten
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Sakai Spice
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Kaneku co.LTD
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Clearspring
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Dalian Tianpeng Food Co
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Rizhao Huamei Food Co
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
