Market Overview:
The global wasabi sauce market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as rising demand for wasabi sauce in various applications, increasing awareness about the health benefits of wasabi sauce, and growing popularity of Japanese cuisine. Based on type, the global wasabi sauce market is segmented into hon-wasabi (Japanese wasabi) and seiyo-wasabi (western wasabi or horseradish). Hon-wasabi is a more expensive variety of wasabia and has a stronger flavor than seiyo-wasabia. Based on application, the global Wasabisaucemarket is segmented into retail, food service, and others. Retail accounted for majority share of the global Wasabisaucemarket in 2017 owing to increasing demand for ready-to-eat meals from consumers across the globe.
Product Definition:
A wasabi sauce is a type of condiment that is made from wasabi, soy sauce, and other ingredients. It is usually used as a dipping sauce for sushi or as a seasoning for other dishes.
Hon-Wasabi (Japanese Wasabi):
The wasabi plant is a member of the Brassicaceae family. It is an annual herbaceous plant that belongs to the mustard family and can grow up to 1.5 meters in height with stems and roots, which are used for producing wasabi. The leaves of this plant have been traditionally used as a condiment in Japan for over 2,000 years; it has recently gained popularity across the globe owing to its unique flavor and health benefits.
Seiyo-Wasabi (Western Wasabi or Horseradish):
Seiyo-wasabi is the western version of wasabi, which is used in many Japanese dishes. It has a stronger flavor than regular wasabi and can be used as a substitute for it in some recipes. Seiyo-wasabi does not have any negative effects like that of wasabia japonica, which makes it suitable to be used as an ingredient in sauces and other foods instead of actual wasabis.
Application Insights:
The retail application segment accounted for the largest share of more than 50% in 2017. The product is widely used as a table condiment and added to various foods such as sandwiches, wraps, soups and salads. Wasabi provides an excellent pungent flavor when mixed with other ingredients resulting in enhanced taste of food products. This has led to increased demand from consumers at a domestic level for adding it to home-made foods or curries on their own initiative.
Food service is expected to be the fastest-growing application segment over the forecast period owing to rising number of Japanese restaurants across different countries worldwide including North America, Europe, Asia Pacific and Middle East & Africa regions. The wasabi sauce acts as an ideal complementing ingredient in most Japanese dishes due largely its inherent properties that help enhance flavors without dominating them which makes it suitable for use in numerous types of cuisine including Chinese, Thai and Indian among others popularly found throughout respective regions globally.
Regional Analysis:
Asia Pacific was the largest regional market in 2017 and accounted for a revenue share of more than 50%. The region is expected to continue its dominance over the forecast period. This can be attributed to growing consumer awareness regarding Wasabi, increasing number of international food service outlets, and rising demand from countries such as Japan, China, India, South Korea. Moreover changing lifestyle along with increased disposable income will also help this region maintain its position during the forecast years.
The Asia Pacific wasabi sauce market is expected to grow at a significant rate owing to increasing product consumption in countries such as China and India due to high population growth coupled with rising awareness about Wasabi among consumers especially youth which has led them towards experimenting new flavors hence driving up demand for different types of wasabi sauces including Japanese style hot mustard or hon-wasabis available in supermarkets & hypermarkets across these nations thus propelling overall regional growth.
Growth Factors:
- Increasing demand for wasabi sauce in the food industry as a flavor enhancer and preservative.
- Rising popularity of Japanese cuisine across the globe is expected to boost the demand for wasabi sauce over the forecast period.
- Growing use of wasabi sauce in various sauces, dips, and dressings is another key factor driving its growth.
- Rising disposable income of consumers coupled with changing lifestyle trends is anticipated to fuel the demand for wasabi sauce in coming years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Wasabi Sauce Market Research Report
By Type
Hon-Wasabi (Japanese Wasabi), Seiyo-Wasabi (Western Wasabi or Horseradish),
By Application
Retail, Food Service, Others,
By Companies
S&B Foods Inc, Chung Jung One, Kikkoman, Silver Spring Foods, Tamaruya-Honten, Marui, Dalian Jinda Condiment, Blue Diamond, Obento, Banjo Foods
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
248
Number of Tables & Figures
174
Customization Available
Yes, the report can be customized as per your need.
Global Wasabi Sauce Market Report Segments:
The global Wasabi Sauce market is segmented on the basis of:
Types
Hon-Wasabi (Japanese Wasabi), Seiyo-Wasabi (Western Wasabi or Horseradish),
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
- Chung Jung One
- Kikkoman
- Silver Spring Foods
- Tamaruya-Honten
- Marui
- Dalian Jinda Condiment
- Blue Diamond
- Obento
- Banjo Foods
Highlights of The Wasabi Sauce 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:
- Hon-Wasabi (Japanese Wasabi)
- Seiyo-Wasabi (Western Wasabi or Horseradish)
- 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 Sauce 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 sauce is a Japanese condiment made from wasabi, soy sauce, and rice vinegar. It is most commonly used as a dipping sauce for sushi or other Japanese cuisine.
Some of the major players in the wasabi sauce market are S&B Foods Inc, Chung Jung One, Kikkoman, Silver Spring Foods, Tamaruya-Honten, Marui, Dalian Jinda Condiment, Blue Diamond, Obento, Banjo Foods.
The wasabi sauce market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Wasabi Sauce 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 Sauce Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Wasabi Sauce Market - Supply Chain
4.5. Global Wasabi Sauce Market Forecast
4.5.1. Wasabi Sauce Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Wasabi Sauce Market Size (000 Units) and Y-o-Y Growth
4.5.3. Wasabi Sauce Market Absolute $ Opportunity
5. Global Wasabi Sauce 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 Sauce Market Size and Volume Forecast by Type
5.3.1. Hon-Wasabi (Japanese Wasabi)
5.3.2. Seiyo-Wasabi (Western Wasabi or Horseradish)
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Wasabi Sauce 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 Sauce 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 Sauce 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 Sauce 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 Sauce 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 Sauce 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 Sauce Demand Share Forecast, 2019-2026
9. North America Wasabi Sauce 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 Sauce 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 Sauce 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 Sauce Market Size and Volume Forecast by Type
9.7.1. Hon-Wasabi (Japanese Wasabi)
9.7.2. Seiyo-Wasabi (Western Wasabi or Horseradish)
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 Sauce Demand Share Forecast, 2019-2026
10. Latin America Wasabi Sauce 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 Sauce 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 Sauce 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 Sauce Market Size and Volume Forecast by Type
10.7.1. Hon-Wasabi (Japanese Wasabi)
10.7.2. Seiyo-Wasabi (Western Wasabi or Horseradish)
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 Sauce Demand Share Forecast, 2019-2026
11. Europe Wasabi Sauce 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 Sauce 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 Sauce 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 Sauce Market Size and Volume Forecast by Type
11.7.1. Hon-Wasabi (Japanese Wasabi)
11.7.2. Seiyo-Wasabi (Western Wasabi or Horseradish)
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potenial Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Wasabi Sauce Demand Share, 2019-2026
12. Asia Pacific Wasabi Sauce 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 Sauce 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 Sauce 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 Sauce Market Size and Volume Forecast by Type
12.7.1. Hon-Wasabi (Japanese Wasabi)
12.7.2. Seiyo-Wasabi (Western Wasabi or Horseradish)
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 Sauce Demand Share, 2019-2026
13. Middle East & Africa Wasabi Sauce 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 Sauce 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 Sauce 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 Sauce Market Size and Volume Forecast by Type
13.7.1. Hon-Wasabi (Japanese Wasabi)
13.7.2. Seiyo-Wasabi (Western Wasabi or Horseradish)
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 Sauce Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Wasabi Sauce Market: Market Share Analysis
14.2. Wasabi Sauce Distributors and Customers
14.3. Wasabi Sauce 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. Chung Jung One
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Kikkoman
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Silver Spring Foods
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Tamaruya-Honten
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Marui
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Dalian Jinda Condiment
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Blue Diamond
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Obento
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Banjo Foods
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
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
