Caviar Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 372.99 Million |
| Market Size (2029) | USD 547.03 Million |
| CAGR (2024 - 2029) | 7.96 % |
| Fastest Growing Market | Europe |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Caviar Market Analysis
The Caviar Market size is estimated at USD 372.99 million in 2024, and is expected to reach USD 547.03 million by 2029, growing at a CAGR of 7.96% during the forecast period (2024-2029).
The COVID19 crisis has significantly affected the caviar market. Consumers preferred healthy food and a healthy diet rather than chemically composed foods. This was because the consumers were focused on maintaining good health to avoid the effect of the virus on them. Meanwhile, the United Nations firm Sterling Caviar, one of the major players in this industry, said its sales were up 10% in 2021. In the United Kingdom, one of the two producers, Exmoor Caviar, sold out of all its stock at the end of 2020.
Consumers' growing interest in healthy and nutritious foods is increasing the demand for caviar; this is due to the fact that the consumption of caviar has several health benefits, which is also fueling the market.
The government initiatives for increasing caviar production are one of the major factors driving the market significantly.
Caviar Market Trends
This section covers the major market trends shaping the Caviar Market according to our research experts:
Increasing Demand for Body Nutrition & Skin Health
Due to the rising awareness regarding the health benefits offered by caviar, such as being a rich source of vitamins and minerals, including omega 3, promotes the healthy nervous, circulatory and immune system. Moreover, the consumer's demand for luxurious foods and better taste is drastically leading the market's growth. The majority of the consumers consume caviar because of the health benefits that it carries with it, such as the caviar providing nutrients like proteins, fats, vitamin B12, iron, etc. Some of the other benefits are that it helps boost the consumers' mental health. The caviar is rich in adiponectin which helps heal the wounds of the consumers, whereas the presence of omega3 can escalate skin health. Therefore, due to the several benefits of caviar consumption, there has been a rise in demand, elevating the market over the years.
Asia-Pacific is the largest market
The Asia-Pacific caviar market dominates the global market for caviar, where China accounts for the largest share. Demand for sevruga, and osetra, have increased significantly over recent years. Also, a rise in the number of organized retail and specialty stores and increasing revenue are attracting new foreign investors to the region, which has enhanced the research and development sector of this industry. Moreover, the growing awareness of the consumers towards health and healthy food preferences is majorly shifting the interest towards these products as caviar contains essential vitamins and nutrients that can play a terrific role in stabilizing the body's immune which might occur due to the lack of improper food. Thus, the demand is also accelerating in this region, simultaneously promoting the caviar market's growth.
Caviar Industry Overview
The market studied is highly competitive. This is due to domestic and international players in this sector. The key players dominating the global market for caviar include The Caviar Co., Black River Caviar, JSC 'Russian caviar house,' L'Osage Caviar Company., Inc., and Sterling Caviar. Key players are focusing on product development and innovation to meet the consumer's needs by offering a variety in taste and product quality to maintain premiumization. Some of the major players use mergers and acquisitions as their key strategy.
Caviar Market Leaders
The Caviar Co.
L’Osage Caviar Company., Inc.
Sterling Caviar
Black River Caviar
Russian Caviar House Company
*Disclaimer: Major Players sorted in no particular order
Caviar Market News
In 2021, French caviar house Petrossian expanded its United Kingdom caviar operations and is currently building a new caviar lab on the outskirts of London in Chessington.
In 2020, the Russian Caviar House Company relaunched itself in India. According to the company, it holds retail operations through its gourmet brand, The Fine Food Cellar, which offers globally sourced unique products. T
In 2019, Heinz Food processing company launched new ketchup, which is named Ketchup Caviar. The company claims that the product contains caviar pearls that burst in the consumer's mouth, which will also help the consumer to elevate any meal into a delicious fine dining experience.
Caviar Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions & Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Type
5.1.1 Sevruga
5.1.2 Osetra
5.1.3 Beluga
5.1.4 Sterlet
5.1.5 Other Types
5.2 By Form
5.2.1 Fresh
5.2.2 Dried
5.2.3 Frozen
5.3 By Sales Channel
5.3.1 On-Trade
5.3.2 Off-Trade
5.4 Geography
5.4.1 North America
5.4.1.1 United States
5.4.1.2 Canada
5.4.1.3 Mexico
5.4.1.4 Rest of North America
5.4.2 Europe
5.4.2.1 Spain
5.4.2.2 United Kingdom
5.4.2.3 Germany
5.4.2.4 France
5.4.2.5 Italy
5.4.2.6 Russia
5.4.2.7 Rest of Europe
5.4.3 Asia-Pacific
5.4.3.1 China
5.4.3.2 Japan
5.4.3.3 India
5.4.3.4 Australia
5.4.3.5 Rest of Asia-Pacific
5.4.4 South America
5.4.4.1 Brazil
5.4.4.2 Argentina
5.4.4.3 Rest of South America
5.4.5 Middle-East and Africa
5.4.5.1 South Africa
5.4.5.2 Saudi Arabia
5.4.5.3 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Most Active Companies
6.2 Most Adopted Strategies
6.3 Market Share Analysis
6.4 Company Profiles
6.4.1 The Caviar Co.
6.4.2 Black River Caviar
6.4.3 JSC Russian caviar house ""
6.4.4 L'Osage Caviar Company., Inc.
6.4.5 Sterling Caviar
6.4.6 Sasanian Caviar, Inc.
6.4.7 Caviar Blanc
6.4.8 Sepehr Dad Caviar GmbH
6.4.9 Caviar Creator, Inc.
6.4.10 Labeyrie Fine Food
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. IMPACT OF COVID19 ON THE MARKET
Caviar Industry Segmentation
Caviar is a food consisting of salt-cured roe of the family Acipenseridae. Caviar is considered a delicacy and is eaten as a garnish or a spread. Traditionally, caviar refers only to roe from wild sturgeon in the Caspian Sea and the Black Sea. The global caviar market has been segmented by type into Sevruga, Osetra, Beluga, Sterlet, and other types. The market is segmented by form into fresh, dried, and frozen. By sales channels, the market is segmented into on-trade and off-trade. The geography segment of the report includes North America, Europe, Asia-Pacific, South America, and the Middle East & Africa. For each segment, the market sizing and forecasts have been done based on the value (in USD million).
| By Type | |
| Sevruga | |
| Osetra | |
| Beluga | |
| Sterlet | |
| Other Types |
| By Form | |
| Fresh | |
| Dried | |
| Frozen |
| By Sales Channel | |
| On-Trade | |
| Off-Trade |
| Geography | |||||||||
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Caviar Market Research FAQs
How big is the Caviar Market?
The Caviar Market size is expected to reach USD 372.99 million in 2024 and grow at a CAGR of 7.96% to reach USD 547.03 million by 2029.
What is the current Caviar Market size?
In 2024, the Caviar Market size is expected to reach USD 372.99 million.
Who are the key players in Caviar Market?
The Caviar Co., L’Osage Caviar Company., Inc., Sterling Caviar, Black River Caviar and Russian Caviar House Company are the major companies operating in the Caviar Market.
Which is the fastest growing region in Caviar Market?
Europe is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Caviar Market?
In 2024, the Asia Pacific accounts for the largest market share in Caviar Market.
What years does this Caviar Market cover, and what was the market size in 2023?
In 2023, the Caviar Market size was estimated at USD 345.49 million. The report covers the Caviar Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Caviar Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Caviar Industry Report
Statistics for the 2024 Caviar market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Caviar analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
