February 2018: A research study on the “Global Caviar Market Size By Type (Malossol Caviar, Salted Caviar, Pressed Caviar, Pasteurised Caviar), By End-Use (Commercial, Household, Others), By Region And Forecast 2018 To 2025” was published by Adroit Market Research recently. The research report provides market data in terms of revenue (USD million) and sales (tons) for the global caviar market size from 2015-2025. The global caviar market analysis is done using tools such as Porter’s Five Forces model and value chain analysis. The report also covers the trade flow of the global caviar market. The global caviar market analysis also covers details of the drivers, restraints, and opportunities. The global caviar market size report also covers profiling of the key companies that account for considerable caviar market share. Black caviar market and snail caviar market trends have also been taken into consideration while estimating the global market trends. US caviar market has also been discussed in detail in the study.
The global caviar market is projected to grow with significant CAGR of 7% over the forecast period. The global caviar market size was estimated to be valued around USD 560.6 million by 2025. Caviar is among the most valued delicacies which are produced from the roe of sturgeon species. The high brand reputation of caviar as a priced delicacy is the key driver of the global caviar market demand.
Caviar is derived from the roe of sturgeon species of fish which are primarily found across the Caspian Sea and nearby rivers. Caviar, which is lightly salted fish eggs, has a long history of being priced delicacy. Due to geographic proximity, caviar was earlier produced in Mediterranean and Eurasia, primarily in Russia and Iran. The caviar is known for its unique taste that gives the feel of a fresh ocean. Pure caviar is derived from sturgeon fish species such as Beluga, Russian and Stellate.
Caviar has always been considered as a high-end product due to its origin from a rare species and unique taste. Caviar is widely used in European and North American cuisine where it is used as a spread, appetizer, or garnish. Increasing consumer purchasing power across the globe is one of the major scenarios that has driven demand for delicacies such as caviar. Change of consumer behavior towards high-end products has propelled caviar’s demand in household segment. The shift in consumer lifestyle has also led to trends such as increased dine out culture, exposure to international cuisine is also propelling demand for authentic foods and dishes. These are some of the key factors to propel the caviar market size over the forecast period.
Caviar being a high-end product, pricing of the product is significantly high. But as the demand has also been very high, much of the caviar was being illegally traded in the past few decades. The dramatic decline of sturgeon species gained international attention towards overexploitation of these species. This led to the imposition of stringent regulations on sturgeon sales which are regulated by CITES. Owing to these factors, substitutes of caviar such as soy pearls, vendace caviar, lumpfish roe, and faux caviar are being adopted that are projected to act as an impediment to the global caviar market size.
The continuous decline in sturgeon population coupled with rising demand across the globe has led to the adoption and implementation of innovative ways of caviar production. Sturgeon farming, a term coined for the production of caviar from aquaculture is one of the key trends in the market which is viewed as a sustainable solution to the declining sturgeon population. Caviar producers are also getting inclined towards aquaculture production and related techniques. These trends are projected to significantly shape the global caviar market size in coming years.
The global caviar market size was dominated by Europe and North America. High adoption of caviar as a delicacy is the key factor for the demand. Europe and North America together accounted for more than 65% of the global caviar market share in 2017. Asia Pacific is also projected to witness significant growth with CAGR of 8.3% over the forecast period. Increasing consumer spending on luxurious products is driving the caviar market size in the region.
The caviar market analysis indicated that caviar is a fragmented industry with the presence of players such as The Caviar Co., Agroittica Lombarda SPA, Delicatessen Snailex s.r.o, Caviar of France, Sterling Caviar LLC, and Caviar Blanc.
Key segments of the global caviar market
Type Overview, 2015-2025 (USD Million) (Tons)
- Malossol Caviar
- Salted Caviar
- Pressed Caviar
- Pasteurized Caviar
End Use Overview, 2015-2025 (USD Million) (Tons)
Regional Overview, 2015-2025 (USD Million) (Tons)
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Central & South America
- Middle East & Africa