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- Published: 2025-01-08Source: google jilibay
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NEW YORK , Dec. 10, 2024 /PRNewswire/ -- Report on how AI is driving market transformation - The global wasabi market size is estimated to grow by USD 466.1 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 10.68% during the forecast period. Rising awareness about health benefits of wasabi is driving market growth, with a trend towards rising sales of wasabi online. However, side effects on overuse of wasabi poses a challenge. Key market players include Beaverton Foods Inc., Clearspring Ltd., Connors Greens LLC, Eden Foods Inc., Half Moon Bay Wasabi Co., J.R. Kelly Co., Kelchner Food Products, Kikkoman Sales USA Inc., KINJIRUSHI Co. Ltd., McCormick and Co. Inc., Mountain View Wasabi, MUSO Co., Ltd., Oregon Coast Wasabi, Pacific Coast Wasabi Ltd., Real Wasabi LLC, S and B Foods Inc., Shima Wasabi, Tamaruya Honten Co. Ltd., TasFoods Ltd., The Good Bean Inc., The Wasabi Co., and ZHUHAI KINGZEST FOOD CO. LTD.; Yamasa Corporation; Eden Foods; Wingreens Farms; Wasabi Essentials Ltd.; World Wasabi Inc.. AI-Powered Market Evolution Insights. Our comprehensive market report ready with the latest trends, growth opportunities, and strategic analysis- View Free Sample Report PDF Key Market Trends Fueling Growth Wasabi, the peppery condiment known for its distinctive taste and nasal tingling sensation, is experiencing in popularity due to increased awareness of its health benefits. The consumption of wasabi extracts and food preparations, such as noodles and soups, is on the rise in both the nutraceutical and medical industries. Wasabi's anti-inflammatory and antimicrobial effects are being studied for their potential in preventing chronic diseases like heart disease, cancer, and diabetes. E-commerce businesses and online shopping platforms are making it easier for consumers to access fresh wasabi in various forms, including sauce, powder, bottles, tubes, and pouches and sachets. The food service industries are also embracing this trend, with sustainable agricultural practices and technology development, such as artificial intelligence, enhancing the production and packaging of wasabi. The rhizome, leaf, and petiole of the Wasabia japonica plant contain bioactive compounds like isothiocyanates, which have antioxidant, antimicrobial, and digestive properties. The gastronomy and pharmaceuticals industries are exploring innovative uses for these compounds, including in the treatment of arthritis and improving gut health. Authenticity and high-quality ingredients are essential in the Japanese cuisine, where wasabi is a staple condiment in restaurants. Cultivation methods and cultural significance are also important considerations, with geographical cultivation areas playing a role in the authenticity and flavor profile of the wasabi. The market for imitation products is growing, but consumers are increasingly demanding real, high-quality wasabi. The e-commerce sector presents a significant opportunity for businesses to boost their profits as more consumers opt for online shopping. Convenience and time savings are key drivers, with customers preferring to pay for purchases using credit or debit cards instead of making time-consuming store visits and standing in queues. This trend has led many companies to target internet-savvy customers and enter the expanding online retail market. The global retail e-commerce sales are projected to reach over USD3.5 trillion in 2020. E-commerce offers consumers a wide selection of food products and reduces operating costs for businesses, making it an attractive business model. Insights on how AI is driving innovation, efficiency, and market growth- Request Sample! Market Challenges Wasabi, the Japanese horseradish, is gaining increased awareness due to its numerous health benefits. Rising health consciousness has led to a rise in the consumption of wasabi extracts and food preparations like noodles and soups. Wasabi's anti-inflammatory and anti-microbial effects make it a valuable addition to the nutraceutical and medical industries. Its peppery smell, caused by allyl isothiocyanate, is known to prevent cancers, treat arthritis, and improve gut health. E-commerce businesses and online shopping platforms are making it easier to access fresh wasabi in various forms such as sauce, powder, bottles, tubes, pouches, and sachets. The food service industries, sustainable agricultural practices, technology development, and the gastronomy industry are also embracing wasabi's innovative uses. The wasabia japonica plant's rhizome, leaf, and petiole contain bioactive compounds, including isothiocyanates, which help combat oxidative stress and chronic diseases like heart disease, cancer, and diabetes. The nasal tingling sensation is a signature trait of authentic wasabi, making it a staple condiment in Japanese cuisine and restaurants. Despite its cultural significance, imitation products and low-quality ingredients have flooded the market. High-quality ingredients, authentic cultivation methods, and innovative packaging materials like glass jars and plastic packaging are essential to ensure the best consumer experience. Wasabi, known for its distinctive pungent flavor and potential health benefits, is a popular condiment. However, its spiciness and unique compounds may not be suitable for everyone, particularly those with digestive and respiratory issues. Wasabi contains substances that can slow blood clotting, reduce inflammation, and potentially fight cancer. While these properties are intriguing, scientific evidence supporting these claims is limited. Consumption of wasabi may lead to side effects, including gastritis issues due to its spiciness. Individuals with sensitive digestive systems may experience discomfort or pain. Furthermore, wasabi can affect the respiratory system, causing coughing or shortness of breath in some people. Additionally, its blood-thinning properties may interfere with blood coagulation, increasing the risk of bleeding in certain individuals. It is essential to consider these potential side effects when consuming wasabi and to consult a healthcare professional if experiencing any adverse reactions. While the health benefits of wasabi are intriguing, it is crucial to prioritize personal health and well-being. Insights into how AI is reshaping industries and driving growth- Download a Sample Report Segment Overview This wasabi market report extensively covers market segmentation by 1.1 Sauce 1.2 Powder 2.1 Food and beverages 2.2 Medical and nutraceuticals 3.1 APAC 3.2 North America 3.3 Europe 3.4 South America 3.5 Middle East and Africa 1.1 Sauce- The wasabi sauce segment holds a significant share in the global wasabi market. Key players in this sector include Mountain View Wasabi, MUSO Co., Ltd., and Oregon Coast Wasabi, known for producing conventional wasabi sauces. American consumers favor wasabi sauce for its ability to enhance flavor without compromising food nutrients. The global palate is expanding, with consumers exploring diverse culinary traditions, potentially driving wasabi market growth. Kikkoman Sales USA , Inc. Recently introduced a creamy textured Wasabi Sauce, adding a spicy twist to regular dishes. Wasabi sauce elevates sandwiches, veggies, steaks, burgers, chicken, fish, salad dressings, and dips. Pasteurized and manufactured in the US, Kikkoman Wasabi Sauce adheres to top quality standards. The rise in social gatherings and dining occasions fuels wasabi sauce consumption, particularly with raw fish dishes like sushi and sashimi, as well as zaru soba, yakiniku, and yakitori. Therefore, the wasabi sauce segment is poised to propel the expansion of the global wasabi market. Download complimentary Sample Report to gain insights into AI's impact on market dynamics, emerging trends, and future opportunities- including forecast (2024-2028) and historic data (2018 - 2022) Research Analysis Wasabi, the Japanese horseradish derived from the Wasabia japonica plant, is gaining increased awareness for its numerous health benefits. Its peppery smell and pungent taste, caused by the presence of allyl isothiocyanate and other isothiocyanate compounds, make it a popular condiment in various food preparations such as noodles, soups, sushi, sashimi, and tempura. The nutraceutical and medical industries have recognized the anti-inflammatory and antimicrobial properties of wasabi extracts. These properties contribute to preventing cancers, treating arthritis, and preventing the growth of harmful bacteria. Wasabi is also rich in vitamins, antioxidants, and digestive properties, making it a valuable addition to a healthy diet. The consumption of wasabi not only enhances the flavor of dishes but also provides numerous health benefits. Its unique properties make it a valuable ingredient in the food industry and beyond, with potential applications in the medical field as well. Market Research Overview Wasabi, the peppery condiment known for its distinctive pungent flavor and nasal tingling sensation, is experiencing in popularity due to increased awareness of its numerous health benefits. Derived from the Wasabia japonica plant, wasabi is more than just a staple condiment in Japanese cuisine. Its rhizome, leaf, and petiole contain bioactive compounds, primarily isothiocyanates, which offer anti-inflammatory, antimicrobial, antioxidant, and digestive properties. The consumption of wasabi in various food preparations, such as noodles and soups, is on the rise, fueled by the nutraceutical and medical industries' interest in its potential health benefits. Wasabi extracts are being explored for their ability to prevent chronic diseases like heart disease, cancer, and diabetes, as well as improve gut health and treat arthritis. E-commerce businesses and online shopping platforms have made it easier for consumers to access fresh wasabi in various forms, including sauce, powder, bottles, tubes, pouches, and sachets. Sustainable agricultural practices and technology development, including artificial intelligence, are also playing a role in ensuring a consistent supply of high-quality wasabi. Despite its cultural significance and authenticity, the market for wasabi is not without challenges, including the prevalence of imitation products and the need for innovative packaging materials to maintain its freshness and potency. The gastronomy and pharmaceutical industries are at the forefront of exploring the full potential of this versatile and health-promoting ingredient. Table of Contents: 1 Executive Summary 2 Market Landscape 3 Market Sizing 4 Historic Market Size 5 Five Forces Analysis 6 Market Segmentation Type Sauce Powder Application Food And Beverages Medical And Nutraceuticals Geography APAC North America Europe South America Middle East And Africa Product 7 Customer Landscape 8 Geographic Landscape 9 Drivers, Challenges, and Trends 10 Company Landscape 11 Company Analysis 12 Appendix About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: [email protected] Website: www.technavio.com/ SOURCE Technavio
‘Size of Singapore’: Massive bushfire warningInter Milan boss Simone Inzaghi was critical of his team’s showing in a 1-0 defeat at Bayer Leverkusen in Tuesday’s UEFA Champions League fixture. Speaking to Sky Sport after the game via FCInterNews , Inzaghi admitted the Nerazzurri failed to deal with Xabi Alonso’s heavily motivated team. Almost non-existent as an attacking force, Inter seemed satisfied with a point from the get-go, never putting Matej Kovar to the test. Indeed, Inter finishing the game without an attempt on target best illustrates Simone Inzaghi’s unfathomably conservative approach. For whatever reason, Inzaghi trusted his backline to stand firm for 90 minutes after registering five consecutive European shutouts. However, Inter’s lack of ambition in the final third eventually backfired on them, complicating their pursuit of automatic knockout qualification. After a sub-par performance at the BayArena, Inzaghi must regroup his troops for the league-phase finale. Inter will meet Sparta Prague and Monaco in the last two rounds, probably needing all six points to secure direct progression. But that’s a matter for another day as the Champions League returns for the penultimate round in January 2025. Simone Inzaghi Slams Inter Milan Performances Following Disheartening UEFA Champions League Loss at Bayer Leverkusen “It wasn’t one of our best matches,” Inzaghi started. “But we faced a top-quality team that started better, hitting the crossbar early on. “After that, we controlled the game—perhaps too much, as we should have been more daring. “We lacked quality in the final 25 meters, and once we had the match under control, losing like this is frustrating because it ends our unbeaten streak. “Still, it doesn’t take away from our journey. “Tomorrow, we’ll probably be among the top eight, and in January, our destiny will be in our hands with two challenging matches. “There’s regret about conceding that goal.” Inzaghi also opened up on a chaotic situation in Inter’s box, leading to Leverkusen’s late winner. “Yes, that’s true. There was also a deflection,” he added. “Darmian saw it at the last moment, Mukiele tried a bicycle kick, and then the ball came back into play. “We needed to be more attentive. We played worse in the second half than the first, but there were no warning signs. “There’s regret, but that’s Champions League football. We move forward with our heads held high.” However, Inzaghi is positive tonight’s upset will not derail Inter’s quest to secure a top-eight finish. “Not much, but with a positive result, we would’ve kept Bayer behind us and moved closer to our goal. “Now we’ll see. We’ll think about it in January because, for now, we have the league, Coppa Italia, and Supercoppa. “We’ll analyze this calmly, but it’s unnecessary to overthink – it wasn’t our best game compared to others, but we respect the opponent a lot.” Finally, he agreed with the reporter, admitting Inter were way too passive. “I agree, we did far too little. We only risked the crossbar incident, but we certainly needed to do more. “When we started building possession, it felt like they were struggling to cope with our play. “We should’ve added more quality, but today, we didn’t show the level we’re capable of.”
The S&P 500 fell less than 0.1% after spending the day wavering between small gains and losses. The tiny loss ended the benchmark index’s three-day winning streak. The Dow Jones Industrial Average added 0.1% and the Nasdaq composite fell 0.1%. Trading volume was lighter than usual as US markets reopened following the Christmas holiday. Semiconductor giant Nvidia, whose enormous valuation gives it an outsize influence on indexes, slipped 0.2%. Meta Platforms fell 0.7%, and Amazon and Netflix each fell 0.9%. Tesla was among the biggest decliners in the S&P 500, finishing 1.8% lower. Some tech companies fared better. Chip company Broadcom rose 2.4%, Micron Technology added 0.6% and Adobe gained 0.5%. Health care stocks were a bright spot. CVS Health rose 1.5% and Walgreens Boots Alliance added 5.3% for the biggest gain among S&P 500 stocks. Several retailers also gained ground. Target rose 3%, Ross Stores added 2.3%, Best Buy rose 2.9% and Dollar Tree gained 3.8%. Traders are watching to see whether retailers have a strong holiday season. The day after Christmas traditionally ranks among the top 10 biggest shopping days of the year, as consumers go online or rush to stores to cash in gift cards and raid bargain bins. US-listed shares in Honda and Nissan rose 4.1% and 16.4% respectively. The Japanese car makers announced earlier this week that the two companies are in talks to combine. All told, the S&P 500 fell 2.45 points to 6,037.59. The Dow added 28.77 points to 43,325.80. The Nasdaq fell 10.77 points to close at 20,020.36. Wall Street also got a labour market update. US applications for unemployment benefits held steady last week, though continuing claims rose to the highest level in three years, the Labour Department reported. Treasury yields mostly fell in the bond market. The yield on the 10-year Treasury slipped to 4.58% from 4.59% late on Tuesday. Major European markets were closed, as well as Hong Kong, Australia, New Zealand and Indonesia. Trading was expected to be subdued this week with a thin slate of economic data on the calendar.
Bengals quarterback Joe Burrow's home was broken into during Monday Night Football in the latest home invasion of a pro athlete in the U.S., authorities said Tuesday. No one was injured in the break-in, but the home was ransacked, according to a report provided by the Hamilton County Sheriff's Office. Deputies weren't immediately able to determine what items were stolen. A person who is employed by Burrow arrived at the Anderson Township home Monday night to find a shattered bedroom window and the home in disarray. The person called their mother, and then 911 was contacted, according to the report. Deputies reached out to neighbors in an attempt to piece together surveillance footage. “Our investigators are exploring every avenue,” public information officer Kyla Woods said. The homes of Chiefs stars Patrick Mahomes and Travis Kelce were broken into in October. In the NBA, Milwaukee Bucks forward Bobby Portis had his home broken into Nov. 2 and Minnesota Timberwolves guard Mike Conley Jr.'s home was burglarized on Sept. 15 while he was at a Minnesota Vikings game. Portis had offered a US$40,000 reward for information. Both the NFL and NBA issued security alerts to players after those break-ins, urging them to take additional precautions to secure their homes. In league memos previously obtained by The Associated Press, the NFL said homes of professional athletes across multiple sports have become “increasingly targeted for burglaries by organized and skilled groups.” And the NBA revealed that the FBI has connected some burglaries to “transnational South American Theft Groups” that are “reportedly well-organized, sophisticated rings that incorporate advanced techniques and technologies, including pre-surveillance, drones, and signal jamming devices.” Some of the burglary groups have conducted extensive surveillance on targets, including attempted home deliveries and posing as grounds maintenance or joggers in the neighborhood, according to officials.
