As we step forward into the new year of 2023, Wagyu Breeders Association Company Secretary, Richard Saunders, takes a look at some of the latest insights into worldwide Wagyu beef trends.
WAGYU BEEF MARKET TO REACH US $34.87 BILLION
The global Wagyu beef market was estimated at 21.42 Billion USD in 2021 and is expected to reach up to 34.87 Billion USD by 2029. So finds Fortune Business Insights in their comprehensive report which sets out a number of current and future trends which have caused an increase in the global value of the Wagyu beef market. This increase represents a Compound Annual Growth Rate (CAGR) of 6.37% between 2022-2029.