Market Overview
A report on global caviar market research by Market Research Future (MRFR) forecasted that by 2022 the global caviar market is projected to reach USD 0.60 Billion by 2030, at a CAGR of 7.63% during the forecast period. Growing demand of caviar derived mostly from specialty stores and restaurants is upholding the market growth worldwide.
Caviar is mostly obtained from Sturgeon fish caught in the Caspian Sea and it is considered extremely costly, but after the fall and collapse of the Soviet Empire, the stocks came perilously close to extinction owing to uncontrolled fishing of local fishermen just to survive. Recently, the prices of caviar have gone even higher and is likely to remain growing in the upcoming years. Russian Beluga caviar is considered as the most prized caviar over other caviar varieties available in the caviar market. Large caviar farms across the globe are found in Israel, Italy, the US, Uruguay, and France.
Vegan caviar is the vegan-friendly and vegetarian substitute which is made from an exclusive formula of seaweed which is available in large quantities in oceans. Vegan caviar is gaining popularity among health-conscious individuals as it is low in cholesterol and calories, but it is high in calcium. The making of vegan caviar does not appear to be harmful for fish stocks and it is also not reliant on the fishing sector. These factors are playing the major role to improve the global vegan caviar market.
Market Segmentation
The global caviar market has been segmented into delivery form, type, distribution channel, region, and end use.
Based on delivery form, the global caviar market has been segmented into Preserved, Fresh, Dried, Frozen, Cooked and Others.
Based on type, the global caviar market has been segmented into Non-Vegan (Osetra, Beluga, Kaluga, Sevruga, Sushi, Salmon, and Others) and Vegan (Seaweed).
Based on distribution channel, the global caviar market has been segmented into Specialty Shops, Wine Stores, Supermarket, E-commerce, and others
Based on region, the global caviar market has been segmented into Europe, Asia Pacific, North America, and ROW.
Based on end use, the global caviar market has been segmented into household, restaurant, and Others
Key Players
Major key caviar market players are The Caviar Co. (U.S.). The Caviar Company is a curated and sister-owned tattler of the finest workable caviar available in the market. With the help of sustainable sturgeon and aquaculture farming methods, they are able to avoid affecting the wild sturgeon species so that it may endure to flourish and grow as it did once earlier. By the application of these methods, they feel that they can effectively contribute to encouraging sustainable farming practices as well as edify others on aquaculture. Apart from The Caviar Co., the global caviar market is ruled by other players such as DELICATESSEN SNAILEX s.r.o. (Czech Republic), Sepehr Dad Caviar Gmbh (Germany), VODNY MIR (Ukraine), CAVIAR BLANC (Portugal), LABEYRIE (France), and AMANGUL TULBERGEN (Istanbul).
Regional Analysis
Europe region holds the key market share followed by North America and APAC. Iran and Russia together rule the caviar export market majorly owing to growth in collecting the eggs from beluga sturgeon in the Caspian Sea. However, of late, overfishing of beluga landed them on the endangered species list, and as supply reduced, other countries, including Israel, China, and Japan have started to fill the gap and developed as key caviar exporters. Enhanced economic condition of the customer and growth of distribution channel has surged the market growth in the Asia pacific region. Available options in Europe is creating new opportunities for caviar suppliers in the region. The major nations exporting caviar include U.S., China, France, Germany, and Italy.
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