Introduction of the Caviar Market Report

Caviar is a delicacy which consist of salt cured fresh eggs from acipenseridae, fish family. The fishes of this specific family are found in Caspian & blacks sea and are harvested for caviar.  It is considered as delicacy and consumed as a spread or garnish. These are frequently served in restaurants and domestically consumed. Being an exotic cuisine, caviars are experiencing tremendous surge in the demand owning to increasing purchasing power. Rise in consumer awareness regarding health benefits of caviar is boosting the demand for global caviar market.

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Market Dynamic

Key Drivers and Emerging Trends

Premium restaurants and luxurious hotel chains are growing across the globe to meet the customer’s demand and desire for various authentic cuisines. Modern retail chains like hypermarkets and supermarkets are increasing with the adoption of city urbanization which has proven to be a key driver for the making the availability of exotic goods to consumers. This is due to the USD 800 million acquisition of souq by Amazon in 2017 and partnership between Noon and eBay in 2018 which is driving the retail industry and leading to more demand for the caviar across the nations. Caviar is known to be rich in selenium, B12 vitamin, omega-3 fatty acids and is used to control impotency. Due to this, pharmaceutical companies are drawing demand for caviar and its different product extracts in preparation of capsules, tablets, and liquid forms of medicines for consumers to overcome their deficiencies. These factors have considerably increased the demand for the product, thereby driving the market in coming years.

Restraint in the Caviar Market

However, high cost price associated with the caviar, as it requires high quality of sturgeon roes which are very rare and is expected to hamper the growth of the global caviar market.

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Product – Segment Analysis

Based on the product, sevruga is expected to hold a significant share of the global caviar market over the forecast period. Due to the outstanding flavour and texture, consumers prefer sevruga more as compared to osetra, which is surging the demand for the product across the nations. Furthermore, sevruga is cost-effective as compared to oestra which is further attracting consumers to opt for sevruga.

Form – Segment Analysis

Based on the form, fresh caviar segment is expected to dominate the global caviar market across the globe. The transportation cost involved in fresh form is less as compared to preserved and frozen caviar. Preserved and frozen caviar requires extra maintenance in comparison with other two forms, which has led to an upsurge lift in the demand for fresh caviar.

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Regional – Segment Analysis:

Based on the region, Asia-Pacific is expected to grow at a higher CAGR over the forecast period. This is due to the presence of key players present in the region which have contributed majorly growth of the region over others. For instance, Xiamen Qilei Industrial Co., Ltd., Jiamusi Import, and Export Corp. China, and Azuma Trading Co., Ltd. are some of the leading producers of this product that have strong presence in the market. Furthermore, health benefits associated with the product, increasing spending power of the consumers, and growth of distribution channel has raised the demand of the caviar in the region.

Top Market Players

Various notable players operating in the market include Gourmanoff Artisan Bakery, OLMA IV Inc., VOLZHENKA CAVIAR, D’Artagnan, Marky’s, Shassetra, Focus Technology Co., Ltd., Xiamen Qilei Industrial Co., Ltd., Jiamusi Import and Export Corp. China, and Azuma Trading Co., Ltd., among others. 

Key Developments:

• • In 2020, OLMA officially launched its renewed website, which helped the company in improving the plaform for serving caviar products. This expansion has allowed the consumers in choosing the right product efficiently and expanded customer base as well.
  • In 2020, Sturgeon Aquafarms and Marky’s entered into a joint venture for selling the beluga caviar specifically in America. This venture helped the company in generating more revenue from the product and expanding the presence across the region.

Segments covered in the Report:

The global caviar market has been segmented on the basis of source, product, form, application, and regions. Based on source, the market is segmented into kaluga/ shortnose hybrid, russian sturgeaon, siberian sturgeon, white sturgeaon, beluga sturgeon, and others. Based on product, the market is segmented into sevruga and osetra.  Based on form, the market is segmented into fresh, dried, preserved, and frozen. Based on application the market is segmented into restaurants and household. 

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Key questions answered in this research report:

• • At what pace is global caviar market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in caviar market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global caviar market?
  • Which source generated maximum revenues in 2019 and identify the most promising source during the forecast period?
  • What are the various product areas of global caviar market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues Currency	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Source, By Product, By Form, By Application, and By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Gourmanoff Artisan Bakery, OLMA IV Inc., VOLZHENKA CAVIAR, D’Artagnan, Marky’s, Shassetra, Focus Technology Co., Ltd., Caviar Blanc, Sterling Caviar, Kolikof, among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Caviar Market by Source

• • Kaluga/ Shortnose Hybrid
  • Russian Sturgeaon
  • Siberian Sturgeon
  • White Sturgeaon
  • Beluga Sturgeon
  • Other

Global Caviar Market by Product

• • Sevruga
  • Osetra

Global Caviar Market by Form

• • Fresh
  • Dried
  • Preserved & Frozen

Global Caviar Market by Application

• • Restaurants
  • Household

Global Caviar Market by Region

• • North America Caviar Market (Option 1: As a part of the free 25% customization)
    • North America Market by Source
    • North America Market by Product
    • North America Market by Form
    • North America Market by Application
    • US Market All-Up
    • Canada Market All-Up
  • Europe Caviar Market (Option 2: As a part of the free 25% customization)
    • Europe Market by Source
    • Europe Market by Product
    • Europe Market by Form
    • Europe Market by Application
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Caviar Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Market by Source
    • Asia-Pacific Market by Product
    • Asia-Pacific Market by Form
    • Asia-Pacific Market by Application
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • RoW Caviar Market (Option 4: As a part of the free 25% customization)
    • RoW Market by Source
    • RoW Market by Product
    • RoW Market by Form
    • RoW Market by Application
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the Caviar (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Gourmanoff Artisan Bakery
  • OLMA IV Inc.
  • VOLZHENKA CAVIAR
  • D’Artagnan
  • Marky’s
  • Shassetra
  • Focus Technology Co., Ltd.,
  • Caviar Blanc
  • Sterling Caviar
  • Kolikof