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Caviar Market: 6.26% Y-O-Y Growth Rate in 2021 | By Product (inorganic caviar and organic caviar), Distribution Channel, and Geography | Market Size, Share, Trends Analysis, and Segment Forecasts, 2021-2025

NEW YORK, April 27, 2022 /PRNewswire/ -- The Caviar Market value is set to grow by USD 498.45 million, progressing at a CAGR of 7% from 2020 to 2025, as per the latest report by Technavio. The market is segmented by product (inorganic caviar and organic caviar), distribution channel (hypermarkets and supermarkets, independent retailers, specialty stores, and others), and geography (Europe, North America, APAC, South America, and MEA).

Technavio has announced its latest market research report titled Caviar Market by Product, Distribution Channel, and Geography - Forecast and Analysis 2021-2025

Moreover, the increasing demand for luxury foods is notably driving the market growth, although high price of caviar may impede the market growth.

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Caviar Market: Regional Analysis & Forecasts

33% of the market's growth will originate from Europe during the forecast period. Russian Federation and Italy are the key markets for caviar in Europe. Market growth in this region will be faster than the growth of the market in the North American, MEA, and South American regions. The European Union (EU) is the biggest importer and also one of the largest consumers of caviar globally. The demand for organic caviar is also increasing among consumers in Europe. The ban on sturgeon fishing has led to the growth of sturgeon farms in the region. This will facilitate the caviar market growth in Europe over the forecast period. 

Caviar Market: Segmentation Analysis & Forecasts

The caviar market share growth by the inorganic caviar segment will be significant during the forecast period. The relatively low price of inorganic caviar, when compared with that of organic caviar, is driving the sale of the products in the market. 

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Driver: Rising Demand for Luxury Foods

The rise in the disposable income of consumers has increased the demand for luxury products around the globe and this trend is expected to continue during the forecast period. Personal luxury goods, cars, food items, and fine wine and spirits are the major luxury goods demanded by customers. Currently, the luxury food market is also witnessing consumer interest in rare products such as caviar due to its limited availability along with a high price tag.

Challenge: High Price of Caviar

Caviar is considered a luxury food item and is priced at rates that make it unaffordable for most consumers. This will limit the growth prospects of the market during the forecast period. The price of caviar can range from $7,000 to $10,000 per kilogram. The increasing demand for and the limited supply of caviar is another factor responsible for its high price. Caviar refers to the eggs of the sturgeon fish, which take over 20 or more years to become mature and produce eggs. This factor makes the processing of caviar a difficult option, and hence the supply becomes limited.

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Vendor Landscape

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

  • Agroittica Lombarda Spa
  • Amur Caviar Co. Ltd.
  • California Caviar Co. LLC
  • Caviar Blanc
  • Caviar de France
  • Hangzhou Qiandaohu Xunlong Sci-tech Co. Ltd.
  • Russian Caviar House Pte. Ltd.
  • SEPEHR DAD CAVIAR GmbH
  • Sterling Caviar LLC
  • The Caviar Co.

Moreover, the caviar market is fragmented and the vendors are deploying growth strategies such as distinguishing their product and service offerings through a clear and unique value proposition to compete in the market.

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Caviar Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 7%

Market growth 2021-2025

$ 498.45 million

Market structure

Fragmented

YoY growth (%)

6.26

Regional analysis

Europe, North America, APAC, South America, and MEA

Performing market contribution

Europe at 33%

Key consumer countries

US, China, Russian Federation, Italy, and Japan

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Agroittica Lombarda Spa, Amur Caviar Co. Ltd., California Caviar Co. LLC, Caviar Blanc, Caviar de France, Hangzhou Qiandaohu Xunlong Sci-tech Co. Ltd., Russian Caviar House Pte. Ltd., SEPEHR DAD CAVIAR GmbH, Sterling Caviar LLC, and The Caviar Co.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization preview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents

Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2020
  • Market outlook: Forecast for 2020 - 2025

Five Forces Analysis

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Product

  • Market segments
  • Comparison by Product
  • Inorganic caviar - Market size and forecast 2020-2025
  • Organic caviar - Market size and forecast 2020-2025
  • Market opportunity by Product

Market Segmentation by Distribution channel

  • Market segments
  • Comparison by Distribution channel
  • Hypermarkets and supermarkets - Market size and forecast 2020-2025
  • Independent retailers - Market size and forecast 2020-2025
  • Specialty stores - Market size and forecast 2020-2025
  • Others - Market size and forecast 2020-2025
  • Market opportunity by Distribution channel

Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • Europe - Market size and forecast 2020-2025
  • North America - Market size and forecast 2020-2025
  • APAC - Market size and forecast 2020-2025
  • South America - Market size and forecast 2020-2025
  • MEA - Market size and forecast 2020-2025
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Agroittica Lombarda Spa
  • Amur Caviar Co. Ltd.
  • California Caviar Co. LLC
  • Caviar Blanc
  • Caviar de France
  • Hangzhou Qiandaohu Xunlong Sci-tech Co. Ltd.
  • Russian Caviar House Pte. Ltd.
  • SEPEHR DAD CAVIAR GmbH
  • Sterling Caviar LLC
  • The Caviar Co.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts
Technavio Research
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Email: media@technavio.com
Website: www.technavio.com/

Technavio (PRNewsfoto/Technavio)

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