Scope of the Study
Wasabi is a spice which is traditionally prepared from a plant from the cabbage family. The roots are used as a spice and has a very strong flavor. They are smashed up into paste and used as a condiment. Wasabi’s hotness is more like hot mustard or horseradish than chili pepper, due to its irritation in the nose more than the tongue. The wasabi sauce is used in Japanese dishes such as sushi, sashimi, and soba. It is also used in western dishes like roast beef and various sauces. Moreover, wasabi has a health benefits as it has a bacteria killing effect.
The market study is being classified by Type (Hon-Wasabi and Seiyo-Wasabi), by Application (Vegetarian Recipe and Non vegetarian Recipe) and major geographies with country level break-up.
S&B Foods Inc. (Japan), Chung Jung One (South Korea), Kikkoman (Japan), Silver Spring Foods (United States), Tamaruya-Honten (Japan), Marui (Japan), Dalian Jinda Condiment (China), Blue Diamond (United States), Obento (United States) and Banjo Foods (Japan) are some of the key players profiled in the study.
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that Japan Vendors will contribute to the maximum growth of Global Wasabi Sauce market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Wasabi Sauce market by Type, Application and Region.
On the basis of geography, the market of Wasabi Sauce 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increasing Usage of Wasabi Sauce in Cuisines
- Health Benefits of Wasabi is Fuelling the Market
- Growing Popularity of Japanese Dishes
- Availability of Alternative Options
- Rising Disposable Income
- Increasing Usage of Wasabi Sauce in Western Dishes
- Lack of Awareness About the Wasabi Sauce
Market Leaders and their expansionary development strategies
On May 2020, Kikkoman has acquired Azuma Kirin from Kirin Holdings Company which produces beer. Kikkoman produces and markets soy sauce, alcoholic beverages, and other food products.
Key Target AudienceManufacturers, Raw material suppliers, Government associations, Research organisations and Others
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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