Dallas, Texas, April 23, 2019 (GLOBE NEWSWIRE) -- Growing production coupled with gradually lowering prices of caviar to give a major boost to the industry in coming years
The caviar market is anticipated to witness significant growth at a 9.8% CAGR by 2025. Caviar is regarded as one of the most priced delicacies obtained from aquatic animals. Thus, strong brand reputation along with increasing availability and falling prices are making caviar accessible to a larger population segment, thereby driving the market growth over the forecast period.
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The recent study on caviar market, published by Adroit Market Research, gives a comprehensive assessment of the industry from various aspects. The report provides market estimations from 2015 to 2025, with the forecast period ranging from 2019 to 2025. The study is relevant for all the participants across the supply chain in the caviar industry. The research study on caviar gives an in-depth market assessment from the demand and supply side. The study tracks the ongoing key trends that are likely to shape the market at global, regional and country level.
The research study on caviar industry is broadly categorized by fish type, type, and end use. The market study assesses several aspects of the industry through Porter’s five forces analysis, market drivers, and restraints along with supply chain overview. The report also gives a crucial understanding of the import-export scenario of caviar. Market competition assessment is also done by giving an in-depth outlook of key companies along with market positioning of each.
The “Global Caviar Market Size 2018 By Type (Malossol Caviar, Salted Caviar, Pressed Caviar, Pasteurized Caviar), By End-use (Commercial, Household, Others) and Forecast 2019 to 2025” study provides an elaborative view of historic, present and forecasted market estimates.
Caviar is obtained from the roe of sturgeon species. These species are native to the Caspian Sea near Mediterranean and Eurasian region. Given the rarity of sturgeon species, caviar, since past has enjoyed the title of being priced species. The caviar is known for its exotic taste of Fresh Ocean. It can be consumed like a spread, garnish or appetizer in many dishes.
The global caviar industry is witnessing significant growth in demand owing to several factors such as growth in the production of caviar from aquaculture. As the purchasing power of consumers has increased over recent years, high demand for caviar has led to a greater rise in production, which in turn, has led to a decrease in the price of the species. This factor, coupled with growing consumer purchasing power across several parts of the globe has given a significant boost to the caviar demand. Also, a rise in exposure to international cuisine is further projected to augment market demand. However, cheaper substitutes of caviar such as faux caviar, lumpfish roe, vendace caviar among others are anticipated to pose a mild threat to the industry growth. Also, illegal trading of caviar at some parts of the globe is also expected to hamper the market growth during the forecast period.
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The global caviar market is segmented on the basis of fish type, product type, and end use. By fish type, Acipenser Baerii caviar, also known as Siberian sturgeon is projected to continue being the largest segment, rising at >10% CAGR by 2025. By product type, malossol caviar accounted for ~40% of the market share in 2018 whereas salted and pressed caviar witnessed the fastest growth in the same year. By end use, restaurant segment is projected to continue its dominance, although with a lower share, owing to the rise in caviar consumption in the household segment.
By region, the global caviar market study is focused on key geographic regions such as North America, Asia Pacific, Europe, Central & South America, and Middle East & Africa. Europe, followed by North America dominated the global caviar market. Product acceptance as a priced delicacy along with high consumer spending power is the key reason behind the market growth in these regions. On the other hand, Asia Pacific is set to expand at nearly 15% CAGR by 2025, owing to the growing inclination for exotic international cuisine along with growing production. The Middle East is also projected to emerge as a lucrative market in the coming years due to growing consumer inclination for the consumption of this delicacy.
The global caviar industry is fragmented with the presence of a large number of regional and local players. Expansion is one of the major strategy adopted by the players of the caviar industry. Most of the caviar producers are collaborating with the distributors, premium retailers, suppliers, and other caviar producers to gain easy market access. Some of the key players in the global caviar market are Hangzhou Qiandaohu Xunlong Sci-tech Co. Ltd., Agroittica Lombarda Spa, Russian Caviar House, L'Osage Caviar Company, Inc., Sterling Caviar LLC, Black River Caviar, Caviar de Riofrio, Caviar Blanc among others.
Major points from Table of Contents:
Chapter 1. Executive Summary
Chapter 2. Research Methodology
Chapter 3. Market Outlook
Chapter 4. Caviar Market Overview, By Fish Type (Tons) (USD Million)
Chapter 5. Caviar Market Overview, By Type (Tons) (USD Million)
Chapter 6. Caviar Market Overview, By End-use (Tons) (USD Million)
Chapter 7. Caviar Market Overview, By Region
Chapter 8. Marketing Channel Overview
Chapter 9. Competitive Environment
Chapter 10. Company Profiles
Continued…
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