Market Overview
Increasing demand of caviar from restaurants and specialty stores is supporting the market growth globally. Market Research Future, a firm which specializes in market reports related to the Food, Beverages & Nutrition sector among others, recently forecasted in its report on Global Caviar Market Share Research Report- Forecast to 2022 that the Caviar Market Share will demonstrate an exceptional CAGR during the forecast period.
Caviar is mainly obtained from Sturgeon fish caught in the Caspian Sea and it is considered expensive, but after the collapse and vanishing of the Soviet Empire, the stocks came dangerously close to extinction due to uncontrolled fishing of local fishermen just to survive. Now the prices of caviar are even higher and likely to continue increasing in the upcoming years. Russian Beluga caviar is hailed as the most prized caviar compared to other caviar types available in the market. Large caviar farms around the world are found in Italy, Israel, France, the US, and Uruguay.
Vegan caviar is the vegetarian and vegan-friendly alternative which is made from a unique formula of seaweed which is available in huge quantity in oceans. Vegan caviar is becoming popular in health conscious consumers as it is low in calories and cholesterol but it is high in calcium. The production of vegan caviar does not prove to be detrimental for fish stocks and it is also not dependent on the fishing industry. These factors are playing the key role to boost the vegan Caviar Market Share.
Key Players
The key players profiled in the Caviar Market Share are as 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), and VODNY MIR (Ukraine) among many others.
Market Segmentation:
The global Caviar Market Sharehas been divided into type, delivery form, end use, distribution channel and region.
On The Basis Of Type: Vegan (Seaweed) and Non-Vegan (Beluga, Osetra, Sevruga, Kaluga, Salmon, Sushi and Others)
On The Basis Of Form: Fresh, Preserved, Frozen, Dried, Cooked and Others
On The Basis Of End Use: Restaurant, Household and Others
On The Basis Of Distribution Channel: Specialty Shops, Wine Stores, Supermarket, E-commerce and others
On The Basis Of Region: North America, Europe, Asia Pacific and ROW.
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Regional Analysis
Europe region has the major market share followed by APAC and North America. Russia and Iran together dominated the caviar export market mainly due to rise in harvesting the eggs from beluga sturgeon in the Caspian Sea. But in recent time overfishing of beluga landed them on the endangered species list, and as supply decreased, other nations, including Japan, Israel, and China, have started to fill the gap and emerged as key caviar exporters. Improving economic condition of consumer and expansion of distribution channel has boosted the market growth in Asia pacific region. Availability of varieties in Europe is the creating new opportunities for caviar suppliers in Europe. Top exporters of caviar includes China, U.S., Italy, France, and Germany.
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