Global Caviar Market Growth To Be Driven By The Ever-Increasing Demand Increasing Consumer’S Purchasing Power And Desire For Exotic Cuisines Across The Globedate_range
Caviar is one of the luxury food product which is generally consumed as a taster. The word caviar is derived from the havyar which is a Turkish word. The seed from wild sturgeon in the Black and Caspian seas are termed caviar. Caviar is deliberated as one of the delicacies and is eaten as a spread and garnish. There are different types of caviar such as Sterlet, Beluga, American osetra, Ossetra, Siberian sturgeon Kaluga hybrid, and Sevruga. Caviar has a wide range of colors from pale silver-gray to black.
There are various types of caviar available such as Acipenser gueldenstaedtii caviar, Acipenser baerii caviar, Acipenser transmontanus caviar, and Acipenser hybrid caviar. Among these types, Acipenser baerii caviar is one of the most preferred caviar currently due to increasing over the cultivation of sturgeon, construction activities of hydroelectric dams, slaughtering and illegal fishing, and increasing in contamination with the toxic waste of rivers and seas.
An increasing number of upscale premium and fashionable restaurants and luxurious hotel chains which are helping to grow the market across the globe in order to meet customer’s requirements and need for different reliable cuisines. Increasing various different types of supermarkets and hypermarkets, modern retail chains, and increasing adoption level of better city modernization and urban infra that has established as one of the key channels for making availability of various premium and exotic goods to consumers. Increasing demand for various luxury food products is one of the factors that help in boosting the market growth. One of the factors that hamper the growth of the target market is due to the high cost of caviar.
One of the major trend observed in the global caviar market is growing importance and prominence of aquaculture sturgeon caviar.
$ 606.3 Mn
- By Type
- By Region
- By Application
$ 363.1 Mn
By application, the market is divided into restaurants and household. Demand for caviar is highest in the restaurants, due to increasing disposable income and the youth population is preferring fast food and restaurants based food products.
Based on regions, the market has been analyzed across North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. Among these regions, individuals in North America region are consuming caviar and increasing large number of premium restaurants, luxurious hotels and a large number of modern retail chains which is resulting in high revenue growth opportunities for players operating in this region. Consumption of caviar is comparatively less in regions such as Latin America, and the Middle East & Africa.
The worldwide market for caviar is expected to grow at a moderate CAGR of around 5.3% over the forecast period and will be valued at US$ 606.3 Mn in 2028, from US$ 363.1 Mn in 2018.
Some of the key players profiled in the global caviar market report include Sturgeon, Agroittica Lombarda, Aviar Galilee Farm, Caviar Court, Hubei Tianxia Fisheries, Caviar de France, Hangzhou Qiandaohu Xunlong Sci-tech, Black River Sturgeon, Beluga Inc VIDIN, Osage Caviar, California Caviar, Caviar Creator, Russian Caviar House, Company, Amur Group, Caviar de Riofrio, Runzhao Fisheries, and Sterling Caviar.