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Pulished Date February, 2020
ID: 5699
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Caviar Market By Product Type (Acipenser Baerii Caviar, Acipenser Gueldenstaedtii Caviar, Acipenser Transmontanus Caviar, Acipenser Hybrid Caviar, Others), Application (Restaurants, Household, Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East and Africa) – Regional Industry Size, Share, Value, Volume and Global Key Players Analysis Forecast Report 2020-2025

Pulished: February, 2020
ID: 5699
Pages: 175

Caviar Market Size, and Growth Rate Analysis 2020-2025:

Caviar Market size value was estimated at USD 276.2 million in 2018 and is expected to reach about USD 1.88 billion by the end of the assessment period. The Caviar Market is assumed to experience moderate growth with a CAGR of about 9% throughout the forecast period 2020-2025.

Caviar is a delicacy made from salted fish eggs of the Acipenseridae family of fish. Fish from this specific family in the Caspian and Black Seas are harvested for caviar. Of the twenty-six sturgeon species found in the world, the most valued caviar are the four that inhabit the Caspian Sea, including, from largest to smallest in size, the beluga (Huso huso), the osetra or Russian sturgeon (Acipenser gueldenstaedti), the sevruga or stellate (Acipenser stellatus), and the sterlet (Acipenser ruthenus). With rapid globalization and better connectivity, the dynamics of import and export of goods has increased considerably. Demand for caviar has expanded worldwide with increased consumer purchasing power and the desire for exotic cuisines that will establish the caviar market more prominently, resulting in better CAGR during the outlook period. 

There are many types of caviar such as Sterlet, Beluga, American osetra, Kaluga hybrid, Ossetra, Sevruga, and Siberian sturgeon. It is the storage of the adult daily requirement of vitamin B12, a rich source of vitamins A and D, high in cholesterol and salt. Commercial caviar production involved in the stunning of the fish and extracting the ovaries. It has the consistency of butter that melts in your mouth and leaves a taste of the fresh ocean. With the major decline of their numbers in the Caspian Sea, sevruga and osetra are being farm-raised in ponds in Europe.

Health benefits of the caviar-like increase in blood flow, presence of selenium which works as an antioxidant with vitamin E, high vitamin and nutritional elements, makes the body in tone and also increases the level of hemoglobin, increases the body's tolerance to alcohol, growing health awareness, used as toppings for pancakes or eggs, increase in disposable income and technology advancements are driving the growth of the global caviar market. However, lack of awareness and a limited number of skilled professionals are hampering the growth of the market.

Recent Developments 

  1. Swiss skincare specialist La Prairie has launched a month-long installation at Macau MGM Cotai to celebrate the latest addition to its famous Skin Caviar line. La Prairie started the original Skin Caviar 30 years ago, and it remains a best-seller even today. Caviar extracts are the key ingredient in the moisturizer’s formula.
  2. Food delivery platform DoorDash agreed to acquire delivery competitor Caviar for USD 410 million in cash and shares. Caviar has been owned by payment company Square since 2014.

Market Drivers and restraints:

Drivers:

  • Changing the food habits of the consumers and popularization of foreign food items has affected the market positively.
  • This market backed by the increasing disposable income of the consumers which allows middle-class people from developing countries to enjoy this delicacy.
  • Television and print media has created a status symbol around caviar and this has tempted a lot of people to try Caviar for themselves.
  • The Health Benefits of the product is a big reason for the growth of this market. The presence of omega-3 fatty acids, selenium, B12 vitamin, etc., has led to a call for caviar from pharmaceutical companies
  • Premium restaurants and big retail hotels have expanded globally to cater to the customers’ needs. Caviar is highly south after product in these establishments.
  • Improved trade between countries has allowed caviar to spread to places it is not found naturally.
  • Modern aquaculture and advanced harvesting techniques for the cultivation of caviar have boosted the market.

Restraints:

  • The weak economic condition in the third world and developing countries can act as a major roadblock over the years.
  • Many underdeveloped countries still do not have good exposure to caviar products resulting in low sales in said markets.
  • Economic instability and low GDP in the third world and developing regions is a  major factor slowing down the growth of this market. However, the effect of this block is expected to reduce over the forecast period.
  • Construction of dams and other bodies along the river bodies as well as toxic and plastic waste has disturbed the breeding grounds of the fish population. This has led to a decline in production in certain areas.
  • Over-fishing, smuggling, and pollution have reduced the population of sturgeon.
  • Cheap imitations of the Caviar have been seen in markets of China this has damaged the reputation of the original high-quality product.

The growing awareness of the health benefits of caviar and its widespread applications in the food industry are the main factors driving the global Caviar market. Furthermore, the increase in per capita income in developing economies, especially in China, India, Brazil, and Mexico, allows consumers to increase their spending on caviar and related products. In recent years, the increasing market penetration of fishing companies to meet growing consumer demand has had a positive impact on market growth. Caviar is mainly a luxury food and is consumed as an appetizer. The need for sevruga, osetra, salmon, and sushi has increased significantly, and the industry in this region has advanced over the years. However, inexpensive caviar is widely available on the market and is consumed primarily by beginners for testing. It has a less intensely fishy flavor and is darker in color. 

Caviar is known to be rich in omega-3 fatty acids, selenium, vitamin B12, and can be used to control impotence. For this reason, pharmaceutical companies are attracting the demand for caviar and its various extracts of products for the preparation of capsules, tablets, and liquid forms of drugs for consumers to overcome their deficiencies. The growing applications of dry caviar powder by food lovers and its use as a condiment or to sprinkle scrambled eggs, potatoes, pasta, and seafood are the key factors driving the growth of the global Caviar market. These factors have dramatically increased demand for the product, thus boosting the market for years to come. The method by which females are stunned and ovaries are removed to collect eggs without killing them is gaining popularity and is probably one of the reasons for the growth of the Caviar business. The construction of hydroelectric dams, overexploitation of sturgeons, slaughter and illegal fishing, and increase in contamination with the toxic waste of rivers and seas are few of the possible factors which have reduced Acipenseridae fish family population in last few years to a great extent. The decline in the fish population has led to a worrying decline in the caviar market.

Caviar Market Segmentation Analysis:

Based on Product Type:

  • Acipenser Baerii Caviar
  • Acipenser Gueldenstaedtii Caviar
  • Acipenser Transmontanus Caviar
  • Acipenser Hybrid Caviar
  • Others

Based on Application:

  • Restaurants
  • Households
  • Others

Geographical Segmentation / Regional Presence of the market:

On the basis of the geographical segmentation, the global Caviar market is segmented into different regions: North America (U.S. and Canada), Europe (U.K., France, Germany and Rest of Europe), Asia Pacific (Japan, China, India and Rest of APAC), Latin America (Brazil, Mexico and Rest of Latin America), and Middle-East & Africa (GCC and Rest of MEA). 

Asia Pacific Region Insights:

In 2018, the Asia-Pacific Caviar market dominated the global business, representing 30.4% of total turnover. The demand for sevruga, osetra, salmon, and sushi has increased significantly and the industry in this region has advanced over the years. Xiamen Qilei Industrial Co., Ltd., Jiamusi Import and Export Corp. China and Azuma Trading Co., Ltd. are among the primary producers of this product in the Caviar market. The health benefits associated with the product, the improved purchasing power of consumers, and the expansion of the distribution channel have increased the demand for different product variants in this region. In Japan, Miyazaki, the largest producer of beef and pork, began studying sturgeon farming in hopes that the fresh spring waters of Miyazaki would be an ideal place for caviar production without harming aquaculture. In Asia-Pacific, China held the highest market share of over 35.0% in 2018.

Europe:

Europe has an integral part of the industry. The main markets in this region are France, Germany, the United Kingdom, Italy, and Spain. The increased income of this industry attracts new foreign investors to these economies, which has improved the R&D sector of this industry. Furthermore, the high purchasing power of consumers is the engine of the Caviar market in this region. In recent years, consumer preference has shifted to these products due to growing concern about deficiencies in vitamins and essential nutrients that could result from a lack of inadequate food. 

North America:

North America is foreseen to experience growth at a compound annual growth rate of 8.9% between 2020 and 2025. Factors such as high consumer purchasing power, developed economies, and the perception of caviar as a luxury product should drive the growth of the Caviar market in this area. Many people in the United States suffer from obesity and diabetes. Caviar pate is a rich source of nutrients like vitamins and phosphorus, and the intake of these nutrients helps treat diabetes and obesity, resulting in a demand for products in this region. The presence of large companies such as Caviar and California Caviar Company is also stimulating growth in the local market.

Impact of Covid-19:

Due to the enforcement of lockdowns across the globe, people have started staying indoors and this is led to a very sharp decline in the sale of goods in almost all sectors, especially the food industry. The associated businesses like the Caviar market have also seen a fall in demand. There might be an increase in demand once people start going out after restrictions are lifted.

Competition in the marketplace:

In the last decade, several mergers and acquisitions have been witnessed in the market. The industry is setting its feet in unexplored markets by improving its range of products and offering cheaper products for developing and third world countries. The industry leaders are actively focusing on gaining larger market shares, through constant innovation in products and investments in R&D, for the development of niche products. Due to a very lucrative consumer base, the competition in the market is very high.

Leading Key Companies Covered in this market are:

  1. Kaluga Queen
  2. California Caviar Company
  3. Sterling Caviar
  4. Agroittica Lombarda
  5. Coastal Bay Seafood
  6. Avori Caviar
  7. American Pearl Caviar
  8. Russian Caviar House

1. Introduction                                

               1.1 Market Definition                    

               1.2 Study Deliverables                   

               1.3 Base Currency, Base Year and Forecast Periods  

               1.4 General Study Assumptions                  

2. Research Methodology                                          

               2.1 Introduction               

               2.2 Research Phases                      

                              2.2.1 Secondary Research            

                              2.2.2 Primary Research  

                              2.2.3 Econometric Modelling      

                              2.2.4 Expert Validation   

               2.3 Analysis Design                         

               2.4 Study Timeline                          

3. Overview                                     

               3.1 Executive Summary                 

               3.2 Key Inferences                          

               3.3 Epidemology                             

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)  

               4.1 Market Drivers                         

               4.2 Market Restraints                    

               4.3 Key Challenges                         

               4.4 Current Opportunities in the Market                 

5. Market Segmentation                              

               5.1 Product type                             

                              5.1.1 Introduction           

                              5.1.2 Acipenser Baerii Caviar       

                              5.1.3 Acipenser Gueldenstaedtii Caviar    

                              5.1.4 Acipenser Transmontanus Caviar    

                              5.1.5 Acipenser Hybrid Caviar      

                              5.1.6 Others       

                              5.1.7 Y-o-Y Growth Analysis, By Product type        

                              5.1.8 Market Attractiveness Analysis, By Product type

                              5.1.9 Market Share Analysis, By Product type        

               5.2 Application                 

                              5.2.1 Introduction           

                              5.2.2 Restaurants            

                              5.2.3 Household

                              5.2.4 Others       

                              5.2.5 Y-o-Y Growth Analysis, By Application          

                              5.2.6 Market Attractiveness Analysis, By Application 

                              5.2.7 Market Share Analysis, By Application           

6. Geographical Analysis                              

               6.1 Introduction               

                              6.1.1 Regional Trends     

                              6.1.2 Impact Analysis      

                              6.1.3 Y-o-Y Growth Analysis         

                                             6.1.3.1 By Geographical Area

                                             6.1.3.2 By Product type

                                             6.1.3.3 By Application

                              6.1.4  Market Attractiveness Analysis       

                                             6.1.4.1 By Geographical Area

                                             6.1.4.2 By Product type

                                             6.1.4.3 By Application

                              6.1.5  Market Share Analysis        

                                             6.1.5.1 By Geographical Area

                                             6.1.5.2 By Product type

                                             6.1.5.3 By Application

               6.2 North America                          

                              6.1.1 Introduction           

                              6.1.2 United States         

                              6.1.3 Canada     

               6.3 Europe                        

                              6.2.1 Introduction           

                              6.2.2 U.K            

                              6.2.3 Spain         

                              6.2.4 Germany  

                              6.2.5 Italy           

                              6.2.6 France       

               6.4 Asia-Pacific                

                              6.3.1 Introduction           

                              6.3.2 China         

                              6.3.3 India          

                              6.3.4 Japan        

                              6.3.5 Australia   

                              6.3.6 South Korea            

               6.5 Latin America                           

                              6.4.1 Introduction           

                              6.4.2 Brazil         

                              6.4.3 Argentina 

                              6.4.4 Mexico     

                              6.4.5 Rest of Latin America          

               6.6 Middle East & Africa               

                              6.5.1 Introduction           

                              6.5.2 Middle-East            

                              6.5.3 Africa        

7. Strategic Analysis                                      

               7.1 PESTLE analysis                        

                              7.1.1 Political    

                              7.1.2 Economic 

                              7.1.3 Social        

                              7.1.4 Technological        

                              7.1.5 Legal         

                              7.1.6 Environmental       

               7.2 Porter’s Five analysis              

                              7.2.1 Bargaining Power of Suppliers         

                              7.2.2 Bargaining Power of Consumers     

                              7.2.3 Threat of New Entrants      

                              7.2.4 Threat of Substitute Products and Services  

                              7.2.5 Competitive Rivalry within the Industry        

8. Market Leaders' Analysis                                        

               8.1 Kaluga Queen                           

                              8.1.1 Overview  

                              8.1.2 Product Analysis    

                              8.1.3 Financial analysis   

                              8.1.4 Recent Developments         

                              8.1.5 SWOT analysis       

                              8.1.6 Analyst View           

               8.2 California Caviar Company                   

               8.3 Sterling Caviar                          

               8.4 Agroittica Lombarda               

               8.5 Coastal Bay Seafoods                            

               8.6 Avori Caviar               

               8.7 American Pearl Caviar                           

               8.8 Russian Caviar House                             

9. Competitive Landscape                                          

               9.1 Market share analysis                            

               9.2 Merger and Acquisition Analysis                         

               9.3 Agreements, collaborations and Joint Ventures

               9.4 New Product Launches                          

10. Market Outlook and Investment Opportunities 

Appendix                                          

               a) List of Tables                

               b) List of Figures              

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms product type, Application along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Caviar Market By Region, From 2018-2023( USD Million )
  2. Global Caviar Market By Product Type, From 2018-2023( USD Million )
  3. Global Acipenser Baerii Caviar Market By Region, From 2018-2023( USD Million )
  4. Global Acipenser Gueldenstaedtii Caviar Market By Region, From 2018-2023( USD Million )
  5. Global Acipenser Transmontanus Caviar Market By Region, From 2018-2023( USD Million )
  6. Global Acipenser Hybrid Caviar Market By Region, From 2018-2023( USD Million )
  7. Global Others Market By Region, From 2018-2023( USD Million )
  8. Global Caviar Market By Application, From 2018-2023( USD Million )
  9. Global Restaurants Market By Region, From 2018-2023( USD Million )
  10. Global Household Market By Region, From 2018-2023( USD Million )
  11. Global Others Market By Region, From 2018-2023( USD Million )
  12. North America Caviar Market By Product type, From 2018-2023( USD Million )
  13. North America Acipenser Baerii Caviar Market By Region, From 2018-2023( USD Million )
  14. North America Acipenser Gueldenstaedtii Caviar Market By Region, From 2018-2023( USD Million )
  15. North America Acipenser Transmontanus Caviar Market By Region, From 2018-2023( USD Million )
  16. North America Acipenser Hybrid Caviar Market By Region, From 2018-2023( USD Million )
  17. North America Others Market By Region, From 2018-2023( USD Million )
  18. North America Caviar Market By Application, From 2018-2023( USD Million )
  19. North America Restaurants Market By Region, From 2018-2023( USD Million )
  20. North America Household Market By Region, From 2018-2023( USD Million )
  21. North America Others Market By Region, From 2018-2023( USD Million )
  22. United States Caviar Market By Product type, From 2018-2023( USD Million )
  23. United States Caviar Market By Application, From 2018-2023( USD Million )
  24. Canada Caviar Market By Product type, From 2018-2023( USD Million )
  25. Canada Caviar Market By Application, From 2018-2023( USD Million )
  26. Europe Caviar Market By Product type, From 2018-2023( USD Million )
  27. Europe Acipenser Baerii Caviar Market By Region, From 2018-2023( USD Million )
  28. Europe Acipenser Gueldenstaedtii Caviar Market By Region, From 2018-2023( USD Million )
  29. Europe Acipenser Transmontanus Caviar Market By Region, From 2018-2023( USD Million )
  30. Europe Acipenser Hybrid Caviar Market By Region, From 2018-2023( USD Million )
  31. Europe Others Market By Region, From 2018-2023( USD Million )
  32. Europe Caviar Market By Application, From 2018-2023( USD Million )
  33. Europe Restaurants Market By Region, From 2018-2023( USD Million )
  34. Europe Household Market By Region, From 2018-2023( USD Million )
  35. Europe Others Market By Region, From 2018-2023( USD Million )
  36. U.K. Caviar Market By Product type, From 2018-2023( USD Million )
  37. U.K. Caviar Market By Application, From 2018-2023( USD Million )
  38. Germany Caviar Market By Product type, From 2018-2023( USD Million )
  39. Germany Caviar Market By Application, From 2018-2023( USD Million )
  40. France Caviar Market By Product type, From 2018-2023( USD Million )
  41. France Caviar Market By Application, From 2018-2023( USD Million )
  42. Italy Caviar Market By Product type, From 2018-2023( USD Million )
  43. Italy Caviar Market By Application, From 2018-2023( USD Million )
  44. Spain Caviar Market By Product type, From 2018-2023( USD Million )
  45. Spain Caviar Market By Application, From 2018-2023( USD Million )
  46. Asia Pacific Caviar Market By Product type, From 2018-2023( USD Million )
  47. Asia Pacific Acipenser Baerii Caviar Market By Region, From 2018-2023( USD Million )
  48. Asia Pacific Acipenser Gueldenstaedtii Caviar Market By Region, From 2018-2023( USD Million )
  49. Asia Pacific Acipenser Transmontanus Caviar Market By Region, From 2018-2023( USD Million )
  50. Asia Pacific Acipenser Hybrid Caviar Market By Region, From 2018-2023( USD Million )
  51. Asia Pacific Others Market By Region, From 2018-2023( USD Million )
  52. Asia Pacific Caviar Market By Application, From 2018-2023( USD Million )
  53. Asia Pacific Restaurants Market By Region, From 2018-2023( USD Million )
  54. Asia Pacific Household Market By Region, From 2018-2023( USD Million )
  55. Asia Pacific Others Market By Region, From 2018-2023( USD Million )
  56. Japan Caviar Market By Product type, From 2018-2023( USD Million )
  57. Japan Caviar Market By Application, From 2018-2023( USD Million )
  58. China Caviar Market By Product type, From 2018-2023( USD Million )
  59. China Caviar Market By Application, From 2018-2023( USD Million )
  60. India Caviar Market By Product type, From 2018-2023( USD Million )
  61. India Caviar Market By Application, From 2018-2023( USD Million )
  62. Australia Caviar Market By Product type, From 2018-2023( USD Million )
  63. Australia Caviar Market By Application, From 2018-2023( USD Million )
  64. South Korea Caviar Market By Product type, From 2018-2023( USD Million )
  65. South Korea Caviar Market By Application, From 2018-2023( USD Million )
  66. Latin America Caviar Market By Product type, From 2018-2023( USD Million )
  67. Latin America Acipenser Baerii Caviar Market By Region, From 2018-2023( USD Million )
  68. Latin America Acipenser Gueldenstaedtii Caviar Market By Region, From 2018-2023( USD Million )
  69. Latin America Acipenser Transmontanus Caviar Market By Region, From 2018-2023( USD Million )
  70. Latin America Acipenser Hybrid Caviar Market By Region, From 2018-2023( USD Million )
  71. Latin America Others Market By Region, From 2018-2023( USD Million )
  72. Latin America Caviar Market By Application, From 2018-2023( USD Million )
  73. Latin America Restaurants Market By Region, From 2018-2023( USD Million )
  74. Latin America Household Market By Region, From 2018-2023( USD Million )
  75. Latin America Others Market By Region, From 2018-2023( USD Million )
  76. Brazil Caviar Market By Product type, From 2018-2023( USD Million )
  77. Brazil Caviar Market By Application, From 2018-2023( USD Million )
  78. Argentina Caviar Market By Product type, From 2018-2023( USD Million )
  79. Argentina Caviar Market By Application, From 2018-2023( USD Million )
  80. Mexico Caviar Market By Product type, From 2018-2023( USD Million )
  81. Mexico Caviar Market By Application, From 2018-2023( USD Million )
  82. Rest of Latin America Caviar Market By Product type, From 2018-2023( USD Million )
  83. Rest of Latin America Caviar Market By Application, From 2018-2023( USD Million )
  84. Middle East and Africa Caviar Market By Product type, From 2018-2023( USD Million )
  85. Middle East and Africa Acipenser Baerii Caviar Market By Region, From 2018-2023( USD Million )
  86. Middle East and Africa Acipenser Gueldenstaedtii Caviar Market By Region, From 2018-2023( USD Million )
  87. Middle East and Africa Acipenser Transmontanus Caviar Market By Region, From 2018-2023( USD Million )
  88. Middle East and Africa Acipenser Hybrid Caviar Market By Region, From 2018-2023( USD Million )
  89. Middle East and Africa Others Market By Region, From 2018-2023( USD Million )
  90. Middle East and Africa Caviar Market By Application, From 2018-2023( USD Million )
  91. Middle East and Africa Restaurants Market By Region, From 2018-2023( USD Million )
  92. Middle East and Africa Household Market By Region, From 2018-2023( USD Million )
  93. Middle East and Africa Others Market By Region, From 2018-2023( USD Million )
  94. Middle East Caviar Market By Product type, From 2018-2023( USD Million )
  95. Middle East Caviar Market By Application, From 2018-2023( USD Million )
  96. Africa Caviar Market By Product type, From 2018-2023( USD Million )
  97. Africa Caviar Market By Application, From 2018-2023( USD Million )

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