NEW
YORK, June 24, 2024 /PRNewswire/ -- The global
caviar market size is estimated to grow by USD 473.9 million from 2024-2028, according to
Technavio. The market is estimated to grow at a CAGR of
8.42% during the forecast period. Wide range
of applications of caviar in households and restaurants is
driving market growth, with a trend towards growing
prominence of aquaculture sturgeon caviar. However, presence
of substitute products poses a challenge. Key market players
include Agroittica Lombarda SpA, Amur Caviar Co. Ltd., California
Caviar Co. LLC, Caviar Blanc, Caviar de France, Caviar India Inc., Fortuna XXI,
GRUPO OSBORNE SA, Hangzhou Qiandao
Lake Sturgeon Technology Co. Ltd., Karat Caviar, LOsage Caviar Co.
Inc., Midwest Caviar LLC, Northern Divine Aquafarms Ltd., Russian
Caviar House LLP, Sasanian Caviar Inc., SEPEHR DAD CAVIAR GmbH,
Sterling Caviar LLC, and The Caviar Co..
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Forecast
period
|
2024-2028
|
Base Year
|
2023
|
Historic
Data
|
2018 - 2022
|
Segment
Covered
|
Product (Inorganic
caviar and Organic caviar), Distribution Channel (Hypermarkets and
supermarkets, Independent retailers, Specialty stores, and Others),
and Geography (Europe, North America, APAC, South America, and
Middle East and Africa)
|
Region
Covered
|
Europe, North America,
APAC, South America, and Middle East and Africa
|
Key companies
profiled
|
Agroittica Lombarda
SpA, Amur Caviar Co. Ltd., California Caviar Co. LLC, Caviar Blanc,
Caviar de France, Caviar India Inc., Fortuna XXI, GRUPO OSBORNE SA,
Hangzhou Qiandao Lake Sturgeon Technology Co. Ltd., Karat Caviar,
LOsage Caviar Co. Inc., Midwest Caviar LLC, Northern Divine
Aquafarms Ltd., Russian Caviar House LLP, Sasanian Caviar Inc.,
SEPEHR DAD CAVIAR GmbH, Sterling Caviar LLC, and The Caviar
Co.
|
Key Market Trends Fueling Growth
The global caviar market is experiencing growth due to the
increasing production of sturgeon in aquaculture farms.
China leads this sector with an
85% share, followed by Russia and
the EU. The EU is projected to be the largest producer of
aquaculture-reared sturgeon caviar, contributing significantly to
the industry's revenue, which is primarily derived from caviar
sales. This trend is expected to continue, fueling the expansion of
the caviar market.
The caviar market has seen significant growth in recent years.
Desirable for its unique taste and luxury appeal, caviar is in high
demand. Natives supply a large portion of the world's caviar, with
sturgeons being the primary source. Quota systems and regulations
are in place to ensure sustainable production. Caviar types include
Beluga, Ossetra, and Sevruga. In 2021, the market value for caviar
reached new heights. Consumers prefer high-quality caviar, leading
to an increase in demand for premium products. Producers strive to
meet this demand, using modern production methods and innovative
packaging solutions. The future looks bright for the caviar
industry, with continued growth expected.
Research report provides comprehensive data on
impact of trend. For more details- Download a Sample
Report
Market Challenges
• The caviar
market faces challenges due to the increasing use of substitute
products. Consumers prefer cheaper alternatives derived from
salmon, trout, paddlefish, and golden whitefish. These substitutes
taste similar to original caviar, limiting the growth of the global
caviar market. The high price and scarcity of caviar, which is
sourced from sturgeon eggs, contribute to this trend.
• The Protins,
Fats, Irons, Mentals, Heath, Adipocines, Skincare, Domestics,
Plays, Beluga River Caviar, Vitamins, Minerals, Irons, Andantins,
Levels, Omegas, 3 Fatty Acids, Acids, Caviar, Stores, Rates,
Selection, Sustainability, Beluga, Sturgeon, Eggs, Pricing,
Extracts, Texture, Flavor, Taste, Restraints, Cosmetics, Skincare,
Industries, Skincare Ingredients, Hydrating, Nourishing,
Anti-aging, Antioxidants, Sustainable Farming, Ethical Production,
High Demand, Luxury Market, Market Challenges. The caviar market
faces several challenges, including sustainability and ethical
production. The use of sturgeon for caviar production has led to
overfishing and population decline. Additionally, the high demand
for luxury caviar has driven up prices, making it an expensive
ingredient for industries using it as a skincare ingredient. The
market also faces challenges in maintaining the texture, flavor,
and taste of the caviar during storage and transportation.
Sustainable farming and ethical production practices are essential
to ensure the long-term viability of the caviar market.
For more insights on driver and
challenges - Download a Sample Report
Segment Overview
This caviar market report extensively covers market segmentation
by
- Product
- 1.1 Inorganic caviar
- 1.2 Organic caviar
- Distribution Channel
- 2.1 Hypermarkets and supermarkets
- 2.2 Independent retailers
- 2.3 Specialty stores
- 2.4 Others
- Geography
- 3.1 Europe
- 3.2 North America
- 3.3 APAC
- 3.4 South America
- 3.5 Middle East and
Africa
1.1 Inorganic caviar- The inorganic caviar market
continues to grow, driven by traditional production methods and a
distinct consumer base. Renowned producers like Sterling Caviar LLC
offer classic varieties using time-honored techniques. Online
platforms and specialty stores expand reach to diverse customers.
Marketing emphasizes caviar's sophistication and heritage.
Producers adopt responsible aquaculture for sustainability and
ethical sourcing. These factors fuel market growth during the
forecast period.
For more information on market segmentation with
geographical analysis including forecast (2024-2028) and historic
data (2018 - 2022) - Download a Sample Report
Research Analysis
The caviar market encompasses various types of caviar, including
Sterling and Exmoor, sourced from sturgeon eggs. Consumers
increasingly seek out healthy food options, leading to a growing
demand for this delicacy as part of a balanced diet. However, it is
essential to distinguish between chemically composed foods and
naturally harvested caviar. The health benefits of caviar extend
beyond taste, as it is rich in vitamins and minerals. Fishing
companies ensure the sustainability of fish species, such as
Beluga, to maintain the industry's integrity. In the skincare and
cosmetics sector, caviar extract is valued for its antioxidant
levels and omega-3 fatty acids. Caviar's unique flavor, texture,
and association with fine dining make it a gourmet food staple.
Product introductions and collaborations with restaurants further
fuel the market's growth.
Market Research Overview
The Caviar Market encompasses the production, distribution, and
consumption of sturgeon roe, a delicacy prized for its unique taste
and texture. This market spans various regions worldwide, including
the Caspian and Black Seas, as
well as China and the United States. Consumers value caviar for
its luxurious and indulgent qualities, making it a desirable
commodity. The process of caviar production is intricate and
involves the careful harvesting of sturgeon eggs, followed by
salting and maturation. The market faces challenges such as
overfishing, regulatory issues, and high production costs. Despite
these challenges, the caviar market continues to thrive, driven by
consumer demand and innovation in production techniques.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Product
-
- Inorganic Caviar
- Organic Caviar
- Distribution Channel
-
- Hypermarkets And Supermarkets
- Independent Retailers
- Specialty Stores
- Others
- Geography
-
- Europe
- North America
- APAC
- South America
- Middle East And Africa
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.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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