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According to recent Technavio market research, the Caviar Market by Product, Distribution Channel and Geography – Forecast and Analysis 2021-2025 should increase by $498.45 million from 2020 to 2025, with an accelerated CAGR of almost 7%. The report provides a detailed analysis of drivers and opportunities, top winning strategies, competitive scenario, future market trends, market size and estimates, and major investment pockets.

Europe will register the highest growth rate of 33% among other regions. Russian Federation and Italy are the main markets for caviar in Europe. Market growth in this region will be faster than market growth in North America, MEA and South America regions.

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Overview of Suppliers-

The caviar market is fragmented and vendors are deploying growth strategies such as increasing the efficiency and performance of business operations to compete in the market.

Amur Caviar Co. Ltd. – The company offers caviar brands such as Amur River Sturgeon Caviar, Kaluga Caviar and Hybrid Sturgeon Caviar.

California Caviar Co. LLC – The company offers caviar brands such as Paddlefish Sturgeon Caviar, Classic White Sturgeon Caviar and Paddlefish Sturgeon Caviar, Golden Russian Osetra Caviar, Royal Russian Osetra Caviar.

White Caviar – The company, through its unified product segment, provides the highest quality caviar and services.

Find additional highlights on vendors and their product offerings. Download a free sample report

Regional Market Outlook

During the forecast period, the caviar market in Europe is expected to grow at one of the fastest rates. The demand for caviar is extremely high in the European market. Another obstacle to market expansion is the rise of the illegal caviar trade. The European Union is the world’s largest importer of caviar and one of its largest consumers. Organic caviar is also gaining popularity with European customers. Sturgeon farms have emerged in the region following the ban on sturgeon fishing. Europe has the largest number of sturgeon farms in the world, and this number is expected to increase during the forecast period. The region is home to around half of the world’s sturgeon farms, according to estimates. The demand for caviar is increasing in Russia, and it is expected to continue to increase throughout the forecast period.

Download our FREE sample report for more key highlights on the regional market share of most of the countries mentioned above.

Latest drivers and trends driving the market-

• Caviar market Driver:
• Growing demand for luxury foods:

Consumers’ discretionary money is increasing and they are looking for more luxury goods. Globally, luxury food sales are increasing and this trend is expected to continue over the projection period. The premium meal market is expected to grow by 4% per year. Personal luxury goods, automobiles, food, and expensive wine and spirits are the major market drivers. Consumer interest in rare products, such as caviar, is driving the luxury food industry considerably. Caviar is popular among gourmet customers due to its limited availability and high price.

• Caviar market Tendency:
• The growing importance of farmed sturgeon caviar:

As wild sturgeon numbers dwindle due to overexploitation for caviar production, market players are turning to aquaculture farms to catch sturgeon. Due to the increased demand for caviar products, the production of sturgeons in aquaculture farms is expanding. With a market share of over 85%, China dominates the world aquaculture production of sturgeons. Russia and the European Union are two other major suppliers of aquacultured sturgeon. In the sturgeon aquaculture industry, caviar sales account for more than 80% of revenues. The EU will be the largest producer of aquaculture farmed sturgeon caviar by market share throughout the forecast period, followed by China.

Find additional information on various other market drivers and trends mentioned in our Sample FREE Report.

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Functional Foods and Beverages Market in North America by Product and Geography – Forecast and Analysis 2022-2026

Organic Chips Market by Distribution Channel and Geography – Forecast and Analysis 2022-2026

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