AP NEWS

Global Wasabi Market 2018-2022 | Increasing Demand for Japanese Cuisine to Boost Growth | Technavio

January 3, 2019

LONDON--(BUSINESS WIRE)--Jan 3, 2019-- analysts forecast the global wasabi market to grow at a CAGR over 10% during the forecast period, according to their latest market research report.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190103005384/en/

Technavio forecasts the global wasabi market to grow at a CAGR over 10% by 2022. (Graphic: Business Wire)

Growth in online sales is one of the major trends being witnessed in the . The proliferation of e-commerce businesses has given a huge playing field for market players to ramp up their profitability. More customers prefer to shop online and pay for their purchases with credit or debit cards, saving time-consuming trips to stores and the need to queue up. This trend has encouraged many companies to target internet-savvy customers and venture into the growing online retail format. This business module also helps players save on operating costs, which are much lower in the online retail format compared to the physical store format. Vendors such as Oregon Coast Wasabi and Frog Eyes Wasabi, and PACIFIC COAST WASABI offer fresh wasabi products across the US. In the UK, THE WASABI COMPANY is a leading seller of wasabi products online.

This report is available at a USD 1,000 discount for a limited time only:

According to Technavio analysts, one of the key factors contributing to the growth of the global wasabi market is the increasing demand for Japanese cuisine:

Global wasabi market: Increasing demand for Japanese cuisine

Japanese cuisines are popular for the various health benefits they are believed to promote. The global Japanese food boom started with sushi in the 1970s and spread throughout the US riding on a health-conscious trend. Sushi then spread to Europe and gradually throughout the world. The popularity of Japanese food outside of Japan experienced qualitative changes over time, and demand began to surge for more realistic Japanese food. Strong demand is a major driving factor for the global wasabi market as wasabi is among the key ingredients used in sushi, sashimi, and other Japanese food.

According to a senior analyst at Technavio for research on food, “Apart from increasing demand for Japanese cuisine, other factors boosting the growth of the global wasabi market are increasing awareness about the health benefits of wasabi, the rise in demand for nutritious foods, and growth in the imitation of wasabi products.”

Global wasabi market: Segmentation analysis

The global wasabi market research report provides market segmentation by the application (F&B and medical and nutraceuticals), and by region (the Americas, EMEA, and APAC). It provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.

The APAC region held the largest share of the market in 2017, accounting for close to 68% share, followed by the Americas and EMEA respectively. During the forecast period, the APAC region is expected to continue dominating the global wasabi market as well as register the highest incremental growth.

Looking for more information on this market?

Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

Market ecosystem Market characteristics Market segmentation analysis

Market Sizing

Market definition Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

Regional comparison Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

Vendors covered Vendor classification Market positioning of vendors Competitive scenario

About Technavio

is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at .

View source version on businesswire.com:https://www.businesswire.com/news/home/20190103005384/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

www.technavio.com

KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA

INDUSTRY KEYWORD: RETAIL FOOD/BEVERAGE

SOURCE: Technavio Research

Copyright Business Wire 2019.

PUB: 01/03/2019 08:57 AM/DISC: 01/03/2019 08:56 AM

http://www.businesswire.com/news/home/20190103005384/en

AP RADIO
Update hourly