Global Wasabi Powder Market Insights, Forecast to 2028

Wasabi Powder is, in theory, a hot-tasting powder made from the dried, ground roots of Wasabi plants. Wasabi powder can be distinguished by its light lime coloring and sharp, hot taste and aroma. Most of the Wasabi powder that it sold internationally is not actually genuine Wasabi but instead a mix of mustard, horseradish and color additives. The reason for this is the high cost and scarcity of Wasabi root. For the true Wasabi aficionado there is no substitute for real Wasabi root that has been ground into powder. One of the big advantages Wasabi powder has over fresh Wasabi root is its relatively long shelf life. Provided that Wasabi powder is stored in a cool, shaded location, it will retain its taste. Wasabi powder can also be easily transformed into paste, as well as being used as a spice in cooking. Wasabi powder is often used as substitute for Dijon mustard.
Market Analysis and Insights: Global Wasabi Powder Market
Due to the COVID-19 pandemic, the global Wasabi Powder market size is estimated to be worth US$ million in 2022 and is forecast to a readjusted size of US$ million by 2028 with a CAGR of % during the review period. Fully considering the economic change by this health crisis, Yellow Wasabi Powder accounting for % of the Wasabi Powder global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While Retail segment is altered to an % CAGR throughout this forecast period.
China Wasabi Powder market size is valued at US$ million in 2021, while the US and Europe Wasabi Powder are US$ million and US$ million, severally. The proportion of the US is % in 2021, while China and Europe are % and % respectively, and it is predicted that China proportion will reach % in 2028, trailing a CAGR of % through the analysis period. Japan, South Korea, and Southeast Asia are noteworthy markets in Asia, with CAGR %, %, and % respectively for the next 6-year period. As for the Europe Wasabi Powder landscape, Germany is projected to reach US$ million by 2028 trailing a CAGR of % over the forecast period.
The global key manufacturers of Wasabi Powder include S&B Foods Inc, Marui, Kinjirushi Co, Eden Foods Inc, Hime, Stonewall Kitchen, Real Wasabi, LLC, Beaverton Foods and Yamada, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
Global Wasabi Powder Scope and Segment
Wasabi Powder market is segmented by Type and by Application. Players, stakeholders, and other participants in the global Wasabi Powder market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by Type and by Application for the period 2017-2028.

Segment by Type
Yellow Wasabi Powder
Green Wasabi Powder
Others

Segment by Application
Retail
Food Service
Others

By Company
S&B Foods Inc
Marui
Kinjirushi Co
Eden Foods Inc
Hime
Stonewall Kitchen
Real Wasabi, LLC
Beaverton Foods
Yamada
Woodland Foods Inc
Chungjungone
Kikkoman
Tamaruya-Honten
Sakai Spice
Kaneku co.LTD
Clearspring
Dalian Tianpeng Food Co
Rizhao Huamei Food Co

By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E