April 28, 2017 Pune, India, / Market Research Future published a half cooked research report on global caviar market which is estimated to grow more than 5.4% after 2022.
Market Overview
Caviar is salted fish eggs which are used in restaurants and household for spread and garnish. Caviar made from beluga, sevruga and osetra are highly in demand due to increased consumption and popularity across globe. Increasing local fishing and rising water population is affecting on prices of caviar. Improved aquaculture practices and expansion of distribution channels by key player is driving the growth of market. Russian Beluga caviar hailed as the most prized caviar compare to other caviar types available in the market. Italy, Israel, France, U.S. and Uruguay have large number of caviar farms which is playing key role in caviar market growth in Europe and North America region.
Market Forecast
The Global Caviar Market is mainly driven by increasing demand of caviar from restaurants and gourmet specialty stores. Caviar is gaining popularity as luxurious and healthy food item which is attracting consumers which are interested to buy luxurious items in order to maintain their lifestyle especially in developed countries. Improved aquaculture practices of various fish species is supporting the growth of caviar market.
These factors will play a key role in the growth of caviar market at the CAGR of 5.4% during 2016-2022.
Downstream analysis-
Caviar is mainly eaten as a garnish or a spread across the world. Some type of caviar is considered as luxurious food item which is not easily available across world compare to other food items. Caviar is mainly used in restaurants and hotel to serve consumer. Caviar is also use in household as it is a reach source of vitamins and minerals, including omega 3, which helps to stimulate a healthy nervous, circulatory and immune system. One serving of caviar has an adult’s daily requirement of Vitamin B12 which has boosted the consumption of caviar among Vitamin B deficiency consumers.
Competitive analysis-
The major key players in caviar market are
- The Caviar Co. (U.S.)
- DELICATESSEN SNAILEX s.r.o. (Czech Republic)
- AMANGUL TULBERGEN (Istanbul)
- Sepehr Dad Caviar Gmbh (Germany)
- CAVIAR BLANC (Portugal)
- LABEYRIE (France)
- VODNY MIR (Ukraine)
Regional Analysis
The Global Market for Caviar is segmented into North America, Europe, Asia Pacific, and rest of the world (ROW). Among these Asia Pacific region has the major market share followed by Europe. Improving economic condition of consumer and expansion of distribution channel has boosted the caviar market growth in Asia pacific region. Availability of variety of caviar in Europe is the creating new opportunities for caviar suppliers in Europe. China, U.S., Italy, France and Germany are the top exporter of caviar in the world.
Market Segmentation-
Global Market for Caviar is segmented by fish type, delivery form, end use, distribution channel and region. Sevruga and oestra are dominating the market due to availability of these products compare to others and preserved and dried caviar forms are gaining popularity as it has long shelf life and it is easier for transportation.
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