Wasabi Market Global Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2021 to 2027

The Wasabi Market is poised to grow by USD 296.98 mn during 2021-2027, progressing at a CAGR of over 10% during the forecast period. 

Wasabi has a unique flavor derived from a sulfur compound known as isothiocyanate (ITC). When plant tissue is damaged, ITC is formed from the precursor glucosinolate (GSL). Wasabi’s ITC helps in the treatment of inflammatory diseases such as anaphylaxis and asthma. As a result, the growing awareness of the quality of wasabi is expected to drive the development of the global wasabi market in the next few years. Also, changes in taste preferences, especially in the West, are driving the market. The addition of hot and spicy spices to Western cuisine has inspired food and beverage manufacturers to develop products containing wasabi. As taste and aroma improve, there is a growing demand for lighter mayonnaise and sauces, including wasabi.

Market Segments

Wasabi Market- by Product Type

• Powder
• Paste & Sauces
• Others

Wasabi Market – by Packaging Type

• Bottles
• Tubes
• Pouches and Sachets
• Others

Wasabi Market – by Distribution Channel

• Store based
• Non-Store based

Wasabi Market- by Application

• Food & Beverages
• Medical
• Nutraceutical

Key Players

• KINJIRUSHI
• Real Wasabi
• PACIFIC COAST WASABI
• THE WASABI COMPANY
• Oregon Coast Wasabi and Frog Eyes Wasabi
• SandB FOODS

Scope of the Report

The research study analyzes the global Wasabi industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Wasabi Market Report

1. What was the Wasabi Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027).

2. What will be the CAGR of the Wasabi Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Wasabi Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.