Yahoo Finance Global Caviar Market Is Expected To Reach a Valuation of US$ 975 Million by 2033-End: Fact.MR Report
Rising Demand for Foreign Food Items to Push Sales of Caviar Globally. Wide Applications of Caviar in Restaurants & Households
Rockville, Feb. 06, 2023 (GLOBE NEWSWIRE) -- The global caviar market is expected to reach a value of US$ 975 million by 2033-end, according to data provided by Fact.MR, a market research and competitive intelligence provider. Worldwide consumption of caviar is predicted to increase at a CAGR of 7.6% through 2033.
Demand for caviar is driven by increasing health consciousness among people around the world. In addition, rising standards of living and increased production of caviar from aquaculture are also driving their sales. Docosahexaenoic acid (DHA) and eicosapentaenoic acid (EPA) are the two pivotal omega-3 fatty acids that are abundant in this delicacy. These fatty acids are responsible for noticeable health advantages.
Dietary Guidelines for Americans mentions that an individual needs to get around 250 mg of DHA and EPA each day.
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| Details |
Forecast Period | 2022 - 2032 |
Value Projection (2032) | US$ 975 Billion |
Growth Rate (2022-2032) | 7.6% CAGR |
No. of Pages | 170 pages |
No. of Tables | 80 Tables |
No. of Figures | 227 Figures |
Key Takeaways from Market Study
The global caviar market is projected to reach a valuation of US$ 975 million by the end of 2033.
The market for caviar is currently valued at US$ 465 million.
Demand for caviar is anticipated to increase at a significant CAGR of 7.6% through 2033.
Sales of caviar in the United States were more than US$ 100 million in the year 2022.
Demand for caviar in Germany is forecasted to advance at a CAGR of 4.9% through 2033.
The Canadian market is anticipated to progress at a CAGR of 6.8% from 2023 to 2033.
“Growing consumer awareness about healthy and nutritious food products, including caviar, is estimated to create lucrative opportunities for industry players,” says a Fact.MR analyst.
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Competitive Landscape
Increased investment by prominent players to strengthen their supply chain management system and provide quality products to end users is predicted to propel sales of caviar. In addition, these providers try to stick to imposed rules and regulations without causing any adverse environmental impacts.
For instance :
French Caviar House Petrossian, in 2021 expanded caviar operations in the United Kingdom. At present, the company is holding a new caviar laboratory on the outskirts of London in Chessington.
The Russian Caviar House Company, in 2020 relaunched itself in India. The company holds retail operations through The Fine Food Cellar, the company’s gourmet brand, which provides unique products.
The Key Suppliers of Caviar
Agroittica Lombarda SpA
Sterling Caviar LLC
ATTILUS Caviar
California Caviar Company, LLC
Fortuna XXI
Midwest Caviar LLC
Russian Caviar House
Northern Divine Caviar
Caviar is being used at an increased rate in the pharmaceutical industry, which can boost its demand over the coming years. Sevruga caviar is used at a significant rate in the pharmaceutical industry, which can further propel its demand while creating lucrative opportunities for industry players.
Rising disposable income of individuals along with increasing health consciousness among them is estimated to fuel demand for caviar around the world. People are becoming aware related to the health benefits of caviar. Its application in the food industry is expected to generate new opportunities.
Numerous restaurants around the world are using caviar at a significant rate. Caviars are also gaining traction in the food & beverages industry owing to their rising demand as global cuisine. Exposure to international cuisines is also predicted to drive opportunities in the target industry.
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Segmentation of Caviar Industry Research
By Type:
Sevruga
Osetra
Salmon
Sushi
Others
By Form:
Fresh
Dried
Frozen
By Distribution Channel:
Hotels and Restaurants
Airlines and Cruise Ships
Retail Stores
Others
By Application:
Restaurants
Households
By Region:
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the global caviar market for the period of 2023 to 2033.
The study divulges essential insights into the market on the basis of type (sevruga, osetra, salmon, sushi, others), form (fresh, dried, frozen), distribution channel (hotels & restaurants, airlines & cruise ships, retail stores, others), and application (restaurants, households), across five major regions (North America, Europe, Asia Pacific, Latin America, and MEA).
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