"Projected Growth of Wagyu Market to Reach $3.6 Billion by 2027"

The Wagyu beef market is projected to grow by $3.59 billion by 2027, with a compound annual growth rate of 7.04%, driven by increased production and trade. The Asia-Pacific region is expected to contribute 74% of the market's growth, with Japan and Australia being major exporters and Hong Kong, Taiwan, and Singapore as top importers. However, the premium price of Wagyu beef may impede market growth, despite the growing food service industry being an important driver in the APAC market.