Caviar Market
Caviar Market Forecasts to 2030 - Global Analysis By Type (Osetra, Sevruga, Beluga, Sterlet, Bowfin and Other Types), Form (Dried, Fresh and Frozen), Source, Distribution Channel and By Geography
According to Stratistics MRC, the Global Caviar Market is accounted for $0.36 billion in 2023 and is expected to reach $0.68 billion by 2030 growing at a CAGR of 9.6% during the forecast period. Caviar is a delicacy consisting of salt-cured fish roe, typically harvested from sturgeon species found in the Caspian and Black Seas. Known for its exquisite taste and luxurious texture, caviar is revered globally as a symbol of opulence and fine dining. Traditionally served chilled and accompanied by blinis, crème fraîche, or toast points, caviar is a coveted culinary indulgence enjoyed at upscale events, gourmet restaurants, and by discerning connoisseurs seeking the epitome of gastronomic luxury.
According to the 2015 Dietary Guidelines for Americans, one should get 250 mg of EPA and DHA each day.
Market Dynamics:
Driver:
Demand from the foodservice sector
The increasing demand from the foodservice sector serves as a significant driver in the caviar market, driving both consumption and market growth. Fine dining establishments often feature caviar as a luxurious ingredient or a standalone dish, catering to discerning customers who seek unique culinary experiences. As a result, the demand from the foodservice sector contributes to the overall growth of the caviar market.
Restraint:
Environmental impact of sturgeon farming
High-density farming operations can lead to water pollution, habitat degradation, and disease outbreaks, particularly in regions where sturgeon farms are concentrated. Moreover, the discharge of organic waste, excess feed, and antibiotics from sturgeon farms can contribute to nutrient pollution and eutrophication of water bodies, disrupting aquatic ecosystems and threatening native species. As a result, the environmental impact of sturgeon farming is a significant factor limiting market expansion.
Opportunity:
Increasing awareness of health benefits
Caviar is rich in omega-3 fatty acids, vitamins, minerals, and antioxidants, which are associated with various health benefits, including improved cardiovascular health, brain function, and skin health. Furthermore, as consumers become more health-conscious and seek out foods with functional benefits, caviar emerges as an attractive option, which accelerates market demand.
Threat:
Seasonal variability
Seasonal variability presents a significant restraint in the caviar market due to its impact on the availability and supply of fresh caviar. Sturgeon roe harvesting typically occurs during specific seasons, often limited to a few months of the year. This seasonal pattern results from the natural reproductive cycle of sturgeon species, which dictates the timing of egg maturation and harvesting. However, distributors face logistical complexities in managing inventory and meeting fluctuating demand, especially during peak seasons when caviar is in high demand for holidays and special occasions.
Covid-19 Impact
The COVID-19 pandemic had a notable impact on the caviar market. Initially, the pandemic disrupted global supply chains, causing logistical challenges in transporting caviar from producers to consumers. However, the pandemic also stimulated shifts in consumer behavior and preference, which highlighted the importance of food safety and quality, prompting consumers to prioritize premium, trusted sources of caviar over cheaper alternatives. This shift towards quality-conscious consumption could benefit established caviar producers known for their adherence to strict quality standards and sustainable practices.
The sevruga segment is expected to be the largest during the forecast period
The sevruga segment is estimated to hold the largest share. Sevruga caviar is celebrated for its intense flavour profile, which is characterized by a robust, briny taste with subtle nutty undertones and a smooth, buttery texture. Traditionally harvested from wild sevruga sturgeon found primarily in the Caspian Sea and Black Sea regions, sevruga caviar has historically been associated with luxury and indulgence, valued for its exquisite taste and delicate texture.
The fresh segment is expected to have the highest CAGR during the forecast period
The fresh segment is anticipated to have lucrative growth during the forecast period. Fresh caviar is prized for its exquisite taste, delicate texture, and vibrant appearance, offering consumers the purest expression of sturgeon roe's culinary excellence. Additionally, the colour of fresh caviar can vary depending on the sturgeon species, ranging from translucent shades of amber and gold to deep, lustrous hues of gray and black. This visual diversity adds to the allure of fresh caviar, enticing consumers with its exquisite appearance and promise of culinary indulgence.
Region with largest share:
Asia Pacific commanded the largest market share during the extrapolated period, driven by factors such as rising affluence, evolving culinary tastes, and increased exposure to luxury goods. Countries like China, Japan, and South Korea are witnessing a surge in demand for luxury goods, including high-end food products like caviar, driven by a burgeoning middle class with a penchant for indulgence and status symbols. Moreover, the region's thriving culinary scene and growing interest in fine dining experiences are driving demand for upscale ingredients, further bolstering the caviar market.
Region with highest CAGR:
Europe is expected to witness profitable growth over the projection period, with a rich history of caviar production and consumption dating back centuries. Europe remains a key hub for caviar production, distribution, and consumption. The region's diverse culinary landscape and appreciation for gourmet foods have sustained demand for caviar among discerning consumers, fine dining establishments, and luxury hotels.
Key players in the market
Some of the key players in the Caviar Market include Agroittica Lombarda, Caviar Blanc, Labeyrie, Sasanian Caviar Inc., The Caviar Co, Sepehr Dad Caviar GmbH, Sterling Caviar, Caviar de France, L Osage Cavier Co, Caviar de Riofrio, Caviar Creator Inc., Karat Caviar, California Caviar Company, Russian Caviar House and Hangzhou Qiandaohu Xunlong Sci-tech.
Key Developments:
In April 2022, Labeyrie announced a Partnership with Rimini Street, Inc. to enable the company’s digital evolution support services help IT department drive efficiencies and enable the team to complete migration of its business applications to the cloud.
Types Covered:
• Osetra
• Sevruga
• Beluga
• Sterlet
• Bowfin
• Other Types
Forms Covered:
• Dried
• Fresh
• Frozen
Sources Covered:
• Wild-Caught Caviar
• Farmed Caviar
Distribution Channels Covered:
• Airliners & Cruise Ships
• Hotels & Restaurants
• Retail Stores
• Other Distribution Channels
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Emerging Markets
3.7 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Caviar Market, By Type
5.1 Introduction
5.2 Osetra
5.3 Sevruga
5.4 Beluga
5.5 Sterlet
5.6 Bowfin
5.7 Other Types
6 Global Caviar Market, By Form
6.1 Introduction
6.2 Dried
6.3 Fresh
6.4 Frozen
7 Global Caviar Market, By Source
7.1 Introduction
7.2 Wild-Caught Caviar
7.3 Farmed Caviar
8 Global Caviar Market, By Distribution Channel
8.1 Introduction
8.2 Airliners & Cruise Ships
8.3 Hotels & Restaurants
8.4 Retail Stores
8.5 Other Distribution Channels
9 Global Caviar Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies
11 Company Profiling
11.1 Agroittica Lombarda
11.2 Caviar Blanc
11.3 Labeyrie
11.4 Sasanian Caviar Inc.
11.5 The Caviar Co
11.6 Sepehr Dad Caviar GmbH
11.7 Sterling Caviar
11.8 Caviar de France
11.9 L Osage Cavier Co
11.10 Caviar de Riofrio
11.11 Caviar Creator Inc.
11.12 Karat Caviar
11.13 California Caviar Company
11.14 Russian Caviar House
11.15 Hangzhou Qiandaohu Xunlong Sci-tech
List of Tables
1 Global Caviar Market Outlook, By Region (2021-2030) ($MN)
2 Global Caviar Market Outlook, By Type (2021-2030) ($MN)
3 Global Caviar Market Outlook, By Osetra (2021-2030) ($MN)
4 Global Caviar Market Outlook, By Sevruga (2021-2030) ($MN)
5 Global Caviar Market Outlook, By Beluga (2021-2030) ($MN)
6 Global Caviar Market Outlook, By Sterlet (2021-2030) ($MN)
7 Global Caviar Market Outlook, By Bowfin (2021-2030) ($MN)
8 Global Caviar Market Outlook, By Other Types (2021-2030) ($MN)
9 Global Caviar Market Outlook, By Form (2021-2030) ($MN)
10 Global Caviar Market Outlook, By Dried (2021-2030) ($MN)
11 Global Caviar Market Outlook, By Fresh (2021-2030) ($MN)
12 Global Caviar Market Outlook, By Frozen (2021-2030) ($MN)
13 Global Caviar Market Outlook, By Source (2021-2030) ($MN)
14 Global Caviar Market Outlook, By Wild-Caught Caviar (2021-2030) ($MN)
15 Global Caviar Market Outlook, By Farmed Caviar (2021-2030) ($MN)
16 Global Caviar Market Outlook, By Distribution Channel (2021-2030) ($MN)
17 Global Caviar Market Outlook, By Airliners & Cruise Ships (2021-2030) ($MN)
18 Global Caviar Market Outlook, By Hotels & Restaurants (2021-2030) ($MN)
19 Global Caviar Market Outlook, By Retail Stores (2021-2030) ($MN)
20 Global Caviar Market Outlook, By Other Distribution Channels (2021-2030) ($MN)
21 North America Caviar Market Outlook, By Country (2021-2030) ($MN)
22 North America Caviar Market Outlook, By Type (2021-2030) ($MN)
23 North America Caviar Market Outlook, By Osetra (2021-2030) ($MN)
24 North America Caviar Market Outlook, By Sevruga (2021-2030) ($MN)
25 North America Caviar Market Outlook, By Beluga (2021-2030) ($MN)
26 North America Caviar Market Outlook, By Sterlet (2021-2030) ($MN)
27 North America Caviar Market Outlook, By Bowfin (2021-2030) ($MN)
28 North America Caviar Market Outlook, By Other Types (2021-2030) ($MN)
29 North America Caviar Market Outlook, By Form (2021-2030) ($MN)
30 North America Caviar Market Outlook, By Dried (2021-2030) ($MN)
31 North America Caviar Market Outlook, By Fresh (2021-2030) ($MN)
32 North America Caviar Market Outlook, By Frozen (2021-2030) ($MN)
33 North America Caviar Market Outlook, By Source (2021-2030) ($MN)
34 North America Caviar Market Outlook, By Wild-Caught Caviar (2021-2030) ($MN)
35 North America Caviar Market Outlook, By Farmed Caviar (2021-2030) ($MN)
36 North America Caviar Market Outlook, By Distribution Channel (2021-2030) ($MN)
37 North America Caviar Market Outlook, By Airliners & Cruise Ships (2021-2030) ($MN)
38 North America Caviar Market Outlook, By Hotels & Restaurants (2021-2030) ($MN)
39 North America Caviar Market Outlook, By Retail Stores (2021-2030) ($MN)
40 North America Caviar Market Outlook, By Other Distribution Channels (2021-2030) ($MN)
41 Europe Caviar Market Outlook, By Country (2021-2030) ($MN)
42 Europe Caviar Market Outlook, By Type (2021-2030) ($MN)
43 Europe Caviar Market Outlook, By Osetra (2021-2030) ($MN)
44 Europe Caviar Market Outlook, By Sevruga (2021-2030) ($MN)
45 Europe Caviar Market Outlook, By Beluga (2021-2030) ($MN)
46 Europe Caviar Market Outlook, By Sterlet (2021-2030) ($MN)
47 Europe Caviar Market Outlook, By Bowfin (2021-2030) ($MN)
48 Europe Caviar Market Outlook, By Other Types (2021-2030) ($MN)
49 Europe Caviar Market Outlook, By Form (2021-2030) ($MN)
50 Europe Caviar Market Outlook, By Dried (2021-2030) ($MN)
51 Europe Caviar Market Outlook, By Fresh (2021-2030) ($MN)
52 Europe Caviar Market Outlook, By Frozen (2021-2030) ($MN)
53 Europe Caviar Market Outlook, By Source (2021-2030) ($MN)
54 Europe Caviar Market Outlook, By Wild-Caught Caviar (2021-2030) ($MN)
55 Europe Caviar Market Outlook, By Farmed Caviar (2021-2030) ($MN)
56 Europe Caviar Market Outlook, By Distribution Channel (2021-2030) ($MN)
57 Europe Caviar Market Outlook, By Airliners & Cruise Ships (2021-2030) ($MN)
58 Europe Caviar Market Outlook, By Hotels & Restaurants (2021-2030) ($MN)
59 Europe Caviar Market Outlook, By Retail Stores (2021-2030) ($MN)
60 Europe Caviar Market Outlook, By Other Distribution Channels (2021-2030) ($MN)
61 Asia Pacific Caviar Market Outlook, By Country (2021-2030) ($MN)
62 Asia Pacific Caviar Market Outlook, By Type (2021-2030) ($MN)
63 Asia Pacific Caviar Market Outlook, By Osetra (2021-2030) ($MN)
64 Asia Pacific Caviar Market Outlook, By Sevruga (2021-2030) ($MN)
65 Asia Pacific Caviar Market Outlook, By Beluga (2021-2030) ($MN)
66 Asia Pacific Caviar Market Outlook, By Sterlet (2021-2030) ($MN)
67 Asia Pacific Caviar Market Outlook, By Bowfin (2021-2030) ($MN)
68 Asia Pacific Caviar Market Outlook, By Other Types (2021-2030) ($MN)
69 Asia Pacific Caviar Market Outlook, By Form (2021-2030) ($MN)
70 Asia Pacific Caviar Market Outlook, By Dried (2021-2030) ($MN)
71 Asia Pacific Caviar Market Outlook, By Fresh (2021-2030) ($MN)
72 Asia Pacific Caviar Market Outlook, By Frozen (2021-2030) ($MN)
73 Asia Pacific Caviar Market Outlook, By Source (2021-2030) ($MN)
74 Asia Pacific Caviar Market Outlook, By Wild-Caught Caviar (2021-2030) ($MN)
75 Asia Pacific Caviar Market Outlook, By Farmed Caviar (2021-2030) ($MN)
76 Asia Pacific Caviar Market Outlook, By Distribution Channel (2021-2030) ($MN)
77 Asia Pacific Caviar Market Outlook, By Airliners & Cruise Ships (2021-2030) ($MN)
78 Asia Pacific Caviar Market Outlook, By Hotels & Restaurants (2021-2030) ($MN)
79 Asia Pacific Caviar Market Outlook, By Retail Stores (2021-2030) ($MN)
80 Asia Pacific Caviar Market Outlook, By Other Distribution Channels (2021-2030) ($MN)
81 South America Caviar Market Outlook, By Country (2021-2030) ($MN)
82 South America Caviar Market Outlook, By Type (2021-2030) ($MN)
83 South America Caviar Market Outlook, By Osetra (2021-2030) ($MN)
84 South America Caviar Market Outlook, By Sevruga (2021-2030) ($MN)
85 South America Caviar Market Outlook, By Beluga (2021-2030) ($MN)
86 South America Caviar Market Outlook, By Sterlet (2021-2030) ($MN)
87 South America Caviar Market Outlook, By Bowfin (2021-2030) ($MN)
88 South America Caviar Market Outlook, By Other Types (2021-2030) ($MN)
89 South America Caviar Market Outlook, By Form (2021-2030) ($MN)
90 South America Caviar Market Outlook, By Dried (2021-2030) ($MN)
91 South America Caviar Market Outlook, By Fresh (2021-2030) ($MN)
92 South America Caviar Market Outlook, By Frozen (2021-2030) ($MN)
93 South America Caviar Market Outlook, By Source (2021-2030) ($MN)
94 South America Caviar Market Outlook, By Wild-Caught Caviar (2021-2030) ($MN)
95 South America Caviar Market Outlook, By Farmed Caviar (2021-2030) ($MN)
96 South America Caviar Market Outlook, By Distribution Channel (2021-2030) ($MN)
97 South America Caviar Market Outlook, By Airliners & Cruise Ships (2021-2030) ($MN)
98 South America Caviar Market Outlook, By Hotels & Restaurants (2021-2030) ($MN)
99 South America Caviar Market Outlook, By Retail Stores (2021-2030) ($MN)
100 South America Caviar Market Outlook, By Other Distribution Channels (2021-2030) ($MN)
101 Middle East & Africa Caviar Market Outlook, By Country (2021-2030) ($MN)
102 Middle East & Africa Caviar Market Outlook, By Type (2021-2030) ($MN)
103 Middle East & Africa Caviar Market Outlook, By Osetra (2021-2030) ($MN)
104 Middle East & Africa Caviar Market Outlook, By Sevruga (2021-2030) ($MN)
105 Middle East & Africa Caviar Market Outlook, By Beluga (2021-2030) ($MN)
106 Middle East & Africa Caviar Market Outlook, By Sterlet (2021-2030) ($MN)
107 Middle East & Africa Caviar Market Outlook, By Bowfin (2021-2030) ($MN)
108 Middle East & Africa Caviar Market Outlook, By Other Types (2021-2030) ($MN)
109 Middle East & Africa Caviar Market Outlook, By Form (2021-2030) ($MN)
110 Middle East & Africa Caviar Market Outlook, By Dried (2021-2030) ($MN)
111 Middle East & Africa Caviar Market Outlook, By Fresh (2021-2030) ($MN)
112 Middle East & Africa Caviar Market Outlook, By Frozen (2021-2030) ($MN)
113 Middle East & Africa Caviar Market Outlook, By Source (2021-2030) ($MN)
114 Middle East & Africa Caviar Market Outlook, By Wild-Caught Caviar (2021-2030) ($MN)
115 Middle East & Africa Caviar Market Outlook, By Farmed Caviar (2021-2030) ($MN)
116 Middle East & Africa Caviar Market Outlook, By Distribution Channel (2021-2030) ($MN)
117 Middle East & Africa Caviar Market Outlook, By Airliners & Cruise Ships (2021-2030) ($MN)
118 Middle East & Africa Caviar Market Outlook, By Hotels & Restaurants (2021-2030) ($MN)
119 Middle East & Africa Caviar Market Outlook, By Retail Stores (2021-2030) ($MN)
120 Middle East & Africa Caviar Market Outlook, By Other Distribution Channels (2021-2030) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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