Wasabi Powder Market Scope
Wasabi Powder is, in theory, a hot-tasting powder made up of the dried, ground roots of Wasabi plants. Wasabi powder will be distinguished by its lightweight lime coloring and sharp, hot style, and aroma. Wasabi root is a comparatively long period. only if Wasabi powder is held on during a cool, shaded location, it'll retain its taste. Wasabi powder may also be simply reworked into a paste, similarly, as being employed as a spice in cooking. Wasabi powder is usually used as a substitute for city mustard.
|High Growth Market||North America|
|Largest Market||Asia Pacific|
|Unit||Value (USD Million)|
|Key Companies Profiled||S&B Foods Inc (Japan), Marui (Japan), Kinjirushi Co (Japan), Eden Foods Inc. (United States), Stonewall Kitchen (United States), Real Wasabi, LLC (United States), Beaverton Foods (United States), Yamada (Japan), Woodland Foods Inc (United States) and Chungjungone (The Netherlands)|
The global market for wasabi powder is fragmented by global key players owing to the rising demand for spices and condiments from the Asia Pacific region all over the world for a better recipe. The players should focus on sourcing original wasabi powder due to its rareness and should comply with all government regulations with proper research and development for preservation and higher shelf life.
S&B Foods Inc (Japan), Marui (Japan), Kinjirushi Co (Japan), Eden Foods Inc. (United States), Stonewall Kitchen (United States), Real Wasabi, LLC (United States), Beaverton Foods (United States), Yamada (Japan), Woodland Foods Inc (United States) and Chungjungone (The Netherlands) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Kikkoman (Japan), Tamaruya-Honten (Japan), Sakai Spice (Canada) and Kaneku co.LTD (Japan).
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
The study have segmented the market of Global Wasabi Powder market by Type , by Application (Retail, Food Service and Others) and Region with country level break-up.
On the basis of geography, the market of Wasabi Powder has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Asia Pacific region held largest market share in the year 2021.
In 2021, S&B Foods Inc. launched a new series of S&B Wasabi powder, focusing on the quality of ingredients and taste. This launch will offer three different grades of Wasabi powder to meet consumer needs as it can be used not only in traditional Japanese dishes such as sushi, sashimi, soba but also in steak, fish dishes.
Wasabi Powder Market Dynamics:
|Trends Influencing Market|
- Clean Label Manufacturing and Attractive Packaging
- Employing Vegan Ingredients for the Vegan Population
- Lack of Purity in Powder and Fake Ingredients Suppliers in Market
- High Costs involved due to Rareness of the Wasabi Plant
- Availability of Cheaper Substitute Condiment in Market
- Increasing Globalisation and Urbanisation caused the Regional Spices and Ingredients like Wasabi Powder to Spread up in Different Regions for Innovative Recipes
Key Target AudienceWasabi Powder Manufacturer, Supplier/Distributor, Research Institutes, End-User Industry and Others