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Caviar Market

The Caviar Market is anticipated to expand at a remarkable CAGR during the forecast period (2020-2027).

The factors driving the growth of Caviar Market includes rise in the number of luxurious hotels, growing awareness amongst consumer about the health benefits of caviar, rapid growth in the pharmaceutical industry and increasing cases of diabetes around the world. According to the report published by International Diabetes Federation, worldwide, during 2021 around 537 million adults between the age group 20-79 years were living with diabetes and this figure is predicted to rise to 783 million by the end of 2045, which will boost the demand for caviar products in the approaching years. Moreover, the rising consumption of salmon, and sushi products, increasing availability of caviar food products at e-commerce platforms and growing number of urban cities, are some of the additional factors supplementing the Global Caviar Market. According to the report published by Statista, the market size of Sushi Restaurants was valued at USD 20.04 billion in 2020 and is anticipated to reach USD 22.5 billion in 2021, which is expected to boost the Caviar Market share in the approaching years.

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However, thew growth of Caviar Market is hindered because the Caviar products are expensive and requires high quality of sturgeon roes.

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

Product – Segment Analysis

Based on Product, the sevruga is estimated to grow at a robust CAGR over the forecast period. These products are gaining popularity in the Japanese cuisine because they add magnificent texture and flavor and are comparatively cheaper than salmon, are some of the factors responsible for the growth of the segment.

Form – Segment Analysis

As per the Caviar Market Research, the Fresh segment is projected to capture the largest market share during the forecast period because the fresh food requires less maintenance as compared to preserved and frozen caviar foods.

Regional – Segment Analysis

Based on Region, the Asia-Pacific region is anticipated to expand at a significant CAGR over the forecast period. The presence of the leading players such as Xiamen Qilei Industrial Co. and Ltd., Jiamusi Import, and Export Corp. China, growing popularity of Japanese cuisine, rising awareness amongst consumers about the health benefits of caviar and increasing disposable incomes, are some of the important factors propelling the Caviar Market size in Asia-Pacific.

Market Segmentation

Segmentation by Source

  • Kaluga/ Shortnose Hybrid

  • Russian Sturgeaon

  • Siberian Sturgeon

  • White Sturgeaon

  • Beluga Sturgeon

  • Other

Segmentation by Product

  • Sevruga

  • Osetra

Segmentation by Form

  • Fresh

  • Dried

  • Preserved & Frozen

Segmentation by Application

  • Restaurants

  • Household

Segmentation by Region

  • Asia Pacific

    • China

    • Japan

    • India

    • Rest of APAC

  • North America

    • United States of America

    • Canada

  • Europe

    • United Kingdom

    • Germany

    • France

    • Spain

    • Rest of Europe

  • RoW

    • Brazil

    • South Africa

    • Saudi Arabia

    • UAE

About GMI Research

GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.

Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Phone: Europe – +353 1 442 8820; US – +1 860 881 2270
Address: Dublin, Ireland

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