PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1462727
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1462727
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, creme fraiche, 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
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Argentina
- Brazil
- Chile
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- 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
- Comprehensive profiling of additional market players (up to 3)
- SWOT Analysis of key players (up to 3)
- Regional Segmentation
- Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
- Competitive Benchmarking
- 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
- Table 1 Global Caviar Market Outlook, By Region (2021-2030) ($MN)
- Table 2 Global Caviar Market Outlook, By Type (2021-2030) ($MN)
- Table 3 Global Caviar Market Outlook, By Osetra (2021-2030) ($MN)
- Table 4 Global Caviar Market Outlook, By Sevruga (2021-2030) ($MN)
- Table 5 Global Caviar Market Outlook, By Beluga (2021-2030) ($MN)
- Table 6 Global Caviar Market Outlook, By Sterlet (2021-2030) ($MN)
- Table 7 Global Caviar Market Outlook, By Bowfin (2021-2030) ($MN)
- Table 8 Global Caviar Market Outlook, By Other Types (2021-2030) ($MN)
- Table 9 Global Caviar Market Outlook, By Form (2021-2030) ($MN)
- Table 10 Global Caviar Market Outlook, By Dried (2021-2030) ($MN)
- Table 11 Global Caviar Market Outlook, By Fresh (2021-2030) ($MN)
- Table 12 Global Caviar Market Outlook, By Frozen (2021-2030) ($MN)
- Table 13 Global Caviar Market Outlook, By Source (2021-2030) ($MN)
- Table 14 Global Caviar Market Outlook, By Wild-Caught Caviar (2021-2030) ($MN)
- Table 15 Global Caviar Market Outlook, By Farmed Caviar (2021-2030) ($MN)
- Table 16 Global Caviar Market Outlook, By Distribution Channel (2021-2030) ($MN)
- Table 17 Global Caviar Market Outlook, By Airliners & Cruise Ships (2021-2030) ($MN)
- Table 18 Global Caviar Market Outlook, By Hotels & Restaurants (2021-2030) ($MN)
- Table 19 Global Caviar Market Outlook, By Retail Stores (2021-2030) ($MN)
- Table 20 Global Caviar Market Outlook, By Other Distribution Channels (2021-2030) ($MN)
- Table 21 North America Caviar Market Outlook, By Country (2021-2030) ($MN)
- Table 22 North America Caviar Market Outlook, By Type (2021-2030) ($MN)
- Table 23 North America Caviar Market Outlook, By Osetra (2021-2030) ($MN)
- Table 24 North America Caviar Market Outlook, By Sevruga (2021-2030) ($MN)
- Table 25 North America Caviar Market Outlook, By Beluga (2021-2030) ($MN)
- Table 26 North America Caviar Market Outlook, By Sterlet (2021-2030) ($MN)
- Table 27 North America Caviar Market Outlook, By Bowfin (2021-2030) ($MN)
- Table 28 North America Caviar Market Outlook, By Other Types (2021-2030) ($MN)
- Table 29 North America Caviar Market Outlook, By Form (2021-2030) ($MN)
- Table 30 North America Caviar Market Outlook, By Dried (2021-2030) ($MN)
- Table 31 North America Caviar Market Outlook, By Fresh (2021-2030) ($MN)
- Table 32 North America Caviar Market Outlook, By Frozen (2021-2030) ($MN)
- Table 33 North America Caviar Market Outlook, By Source (2021-2030) ($MN)
- Table 34 North America Caviar Market Outlook, By Wild-Caught Caviar (2021-2030) ($MN)
- Table 35 North America Caviar Market Outlook, By Farmed Caviar (2021-2030) ($MN)
- Table 36 North America Caviar Market Outlook, By Distribution Channel (2021-2030) ($MN)
- Table 37 North America Caviar Market Outlook, By Airliners & Cruise Ships (2021-2030) ($MN)
- Table 38 North America Caviar Market Outlook, By Hotels & Restaurants (2021-2030) ($MN)
- Table 39 North America Caviar Market Outlook, By Retail Stores (2021-2030) ($MN)
- Table 40 North America Caviar Market Outlook, By Other Distribution Channels (2021-2030) ($MN)
- Table 41 Europe Caviar Market Outlook, By Country (2021-2030) ($MN)
- Table 42 Europe Caviar Market Outlook, By Type (2021-2030) ($MN)
- Table 43 Europe Caviar Market Outlook, By Osetra (2021-2030) ($MN)
- Table 44 Europe Caviar Market Outlook, By Sevruga (2021-2030) ($MN)
- Table 45 Europe Caviar Market Outlook, By Beluga (2021-2030) ($MN)
- Table 46 Europe Caviar Market Outlook, By Sterlet (2021-2030) ($MN)
- Table 47 Europe Caviar Market Outlook, By Bowfin (2021-2030) ($MN)
- Table 48 Europe Caviar Market Outlook, By Other Types (2021-2030) ($MN)
- Table 49 Europe Caviar Market Outlook, By Form (2021-2030) ($MN)
- Table 50 Europe Caviar Market Outlook, By Dried (2021-2030) ($MN)
- Table 51 Europe Caviar Market Outlook, By Fresh (2021-2030) ($MN)
- Table 52 Europe Caviar Market Outlook, By Frozen (2021-2030) ($MN)
- Table 53 Europe Caviar Market Outlook, By Source (2021-2030) ($MN)
- Table 54 Europe Caviar Market Outlook, By Wild-Caught Caviar (2021-2030) ($MN)
- Table 55 Europe Caviar Market Outlook, By Farmed Caviar (2021-2030) ($MN)
- Table 56 Europe Caviar Market Outlook, By Distribution Channel (2021-2030) ($MN)
- Table 57 Europe Caviar Market Outlook, By Airliners & Cruise Ships (2021-2030) ($MN)
- Table 58 Europe Caviar Market Outlook, By Hotels & Restaurants (2021-2030) ($MN)
- Table 59 Europe Caviar Market Outlook, By Retail Stores (2021-2030) ($MN)
- Table 60 Europe Caviar Market Outlook, By Other Distribution Channels (2021-2030) ($MN)
- Table 61 Asia Pacific Caviar Market Outlook, By Country (2021-2030) ($MN)
- Table 62 Asia Pacific Caviar Market Outlook, By Type (2021-2030) ($MN)
- Table 63 Asia Pacific Caviar Market Outlook, By Osetra (2021-2030) ($MN)
- Table 64 Asia Pacific Caviar Market Outlook, By Sevruga (2021-2030) ($MN)
- Table 65 Asia Pacific Caviar Market Outlook, By Beluga (2021-2030) ($MN)
- Table 66 Asia Pacific Caviar Market Outlook, By Sterlet (2021-2030) ($MN)
- Table 67 Asia Pacific Caviar Market Outlook, By Bowfin (2021-2030) ($MN)
- Table 68 Asia Pacific Caviar Market Outlook, By Other Types (2021-2030) ($MN)
- Table 69 Asia Pacific Caviar Market Outlook, By Form (2021-2030) ($MN)
- Table 70 Asia Pacific Caviar Market Outlook, By Dried (2021-2030) ($MN)
- Table 71 Asia Pacific Caviar Market Outlook, By Fresh (2021-2030) ($MN)
- Table 72 Asia Pacific Caviar Market Outlook, By Frozen (2021-2030) ($MN)
- Table 73 Asia Pacific Caviar Market Outlook, By Source (2021-2030) ($MN)
- Table 74 Asia Pacific Caviar Market Outlook, By Wild-Caught Caviar (2021-2030) ($MN)
- Table 75 Asia Pacific Caviar Market Outlook, By Farmed Caviar (2021-2030) ($MN)
- Table 76 Asia Pacific Caviar Market Outlook, By Distribution Channel (2021-2030) ($MN)
- Table 77 Asia Pacific Caviar Market Outlook, By Airliners & Cruise Ships (2021-2030) ($MN)
- Table 78 Asia Pacific Caviar Market Outlook, By Hotels & Restaurants (2021-2030) ($MN)
- Table 79 Asia Pacific Caviar Market Outlook, By Retail Stores (2021-2030) ($MN)
- Table 80 Asia Pacific Caviar Market Outlook, By Other Distribution Channels (2021-2030) ($MN)
- Table 81 South America Caviar Market Outlook, By Country (2021-2030) ($MN)
- Table 82 South America Caviar Market Outlook, By Type (2021-2030) ($MN)
- Table 83 South America Caviar Market Outlook, By Osetra (2021-2030) ($MN)
- Table 84 South America Caviar Market Outlook, By Sevruga (2021-2030) ($MN)
- Table 85 South America Caviar Market Outlook, By Beluga (2021-2030) ($MN)
- Table 86 South America Caviar Market Outlook, By Sterlet (2021-2030) ($MN)
- Table 87 South America Caviar Market Outlook, By Bowfin (2021-2030) ($MN)
- Table 88 South America Caviar Market Outlook, By Other Types (2021-2030) ($MN)
- Table 89 South America Caviar Market Outlook, By Form (2021-2030) ($MN)
- Table 90 South America Caviar Market Outlook, By Dried (2021-2030) ($MN)
- Table 91 South America Caviar Market Outlook, By Fresh (2021-2030) ($MN)
- Table 92 South America Caviar Market Outlook, By Frozen (2021-2030) ($MN)
- Table 93 South America Caviar Market Outlook, By Source (2021-2030) ($MN)
- Table 94 South America Caviar Market Outlook, By Wild-Caught Caviar (2021-2030) ($MN)
- Table 95 South America Caviar Market Outlook, By Farmed Caviar (2021-2030) ($MN)
- Table 96 South America Caviar Market Outlook, By Distribution Channel (2021-2030) ($MN)
- Table 97 South America Caviar Market Outlook, By Airliners & Cruise Ships (2021-2030) ($MN)
- Table 98 South America Caviar Market Outlook, By Hotels & Restaurants (2021-2030) ($MN)
- Table 99 South America Caviar Market Outlook, By Retail Stores (2021-2030) ($MN)
- Table 100 South America Caviar Market Outlook, By Other Distribution Channels (2021-2030) ($MN)
- Table 101 Middle East & Africa Caviar Market Outlook, By Country (2021-2030) ($MN)
- Table 102 Middle East & Africa Caviar Market Outlook, By Type (2021-2030) ($MN)
- Table 103 Middle East & Africa Caviar Market Outlook, By Osetra (2021-2030) ($MN)
- Table 104 Middle East & Africa Caviar Market Outlook, By Sevruga (2021-2030) ($MN)
- Table 105 Middle East & Africa Caviar Market Outlook, By Beluga (2021-2030) ($MN)
- Table 106 Middle East & Africa Caviar Market Outlook, By Sterlet (2021-2030) ($MN)
- Table 107 Middle East & Africa Caviar Market Outlook, By Bowfin (2021-2030) ($MN)
- Table 108 Middle East & Africa Caviar Market Outlook, By Other Types (2021-2030) ($MN)
- Table 109 Middle East & Africa Caviar Market Outlook, By Form (2021-2030) ($MN)
- Table 110 Middle East & Africa Caviar Market Outlook, By Dried (2021-2030) ($MN)
- Table 111 Middle East & Africa Caviar Market Outlook, By Fresh (2021-2030) ($MN)
- Table 112 Middle East & Africa Caviar Market Outlook, By Frozen (2021-2030) ($MN)
- Table 113 Middle East & Africa Caviar Market Outlook, By Source (2021-2030) ($MN)
- Table 114 Middle East & Africa Caviar Market Outlook, By Wild-Caught Caviar (2021-2030) ($MN)
- Table 115 Middle East & Africa Caviar Market Outlook, By Farmed Caviar (2021-2030) ($MN)
- Table 116 Middle East & Africa Caviar Market Outlook, By Distribution Channel (2021-2030) ($MN)
- Table 117 Middle East & Africa Caviar Market Outlook, By Airliners & Cruise Ships (2021-2030) ($MN)
- Table 118 Middle East & Africa Caviar Market Outlook, By Hotels & Restaurants (2021-2030) ($MN)
- Table 119 Middle East & Africa Caviar Market Outlook, By Retail Stores (2021-2030) ($MN)
- Table 120 Middle East & Africa Caviar Market Outlook, By Other Distribution Channels (2021-2030) ($MN)
