Global Caviar Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Caviar Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Caviar is indeed one of the most luxurious foods in the world. However, the term caviar does not translate simply to fish eggs. Real caviar comes solely from fish of the Acipenseridae family, also known as sturgeon. The eggs are harvested from the female sturgeon before fertilization and then cured with salt to enhance the flavor and increase the shelf-life of the finished product. This combination of unfertilized sturgeon eggs and salt is the delicacy known as caviar.

Market Overview:

The latest research study on the global Caviar market finds that the global Caviar market reached a value of USD 575.68 million in 2022. It’s expected that the market will achieve USD 979.92 million by 2028, exhibiting a CAGR of 9.27% during the forecast period.

Caviar Drivers

Since 1980s, the supply of wild caviar in the world has drastically decreased. Limited by the natural law of sturgeon growth, the increase of farmed caviar production cannot make up for the market gap left by the sharp decrease of wild caviar supply, and the market demand for caviar has been relatively strong.For a long time to come, the supply and consumption market of caviar in the world will show a good development trend. With the increase of the output of farmed caviar, the world caviar price will show a general trend of steady and slightly decreasing. However, due to the long maturity period of sturgeon, high technical requirements, harsh culture conditions and other factors, the increase of the output of cultured caviar will be a gradual increase. Therefore, the overall market situation is good for a period of time, and the overall profit rate of the industry will remain at a high level.

Price factor

Caviar is a kind of food with high nutritional value, which has many benefits to human body after eating. Therefore, Caviar is very popular with consumers. However, the price of Caviar is not affordable for ordinary people. It belongs to high-end consumption of ingredients. Caviar is one of the most expensive ingredients in the world, sometimes called black gold. Because they are scarce in production, they are very expensive. Higher terminal price level has become an important factor restricting the growth of market consumption.

Exchange rate fluctuation risk

Exchange rate fluctuations will have a certain impact on industry profits. At present, the main consumption markets of caviar are in Europe and the United States, while at present China is the main producing area of caviar, and the caviar produced in China is mainly used for export. The settlement currencies are mainly euros and dollars. In recent years, with the exchange rate fluctuation of the settlement currency against RMB, the local industry profits will be affected to some extent.

Region Overview:

In global comparison, a significant portion of the revenue was generated in Europe (50.24% in 2022).

Company Overview

Kaluga Queen is one of the major players operating in the Caviar market, holding a share of 6.76% in 2022.

Kaluga Queen

Based in a small town in northern Italy, Agroittica Lombarda is the largest producer of caviar in Italy and has achieved global success thanks to a model of integrated economy, which is regarded as an example of sustainability. In short, this is the success story of how wastewater from steel manufacturing has been used to facilitate the leading production of one of the world's most high-end foods: caviar.Agroittica Lombarda

Kaluga Queen

Hangzhou Qiandaohu Xunlong Sci-tech Co. Ltd. was founded in year 2003, with a mission to scientifically breed and farm sturgeon, produce sturgeon products with advanced technologies, and promote the sturgeon fine food culture that represents high-end classy life style.

Segmentation Overview:

By type, Acipenser Hybrid Caviar segment accounted for the largest share of market in 2022.

Application Overview:

The market's largest segment by application is the segment Restaurants, with a market share of 32.55% in 2022.

Key Companies in the global Caviar market covered in Chapter 3:

Caviar de FranceBeluga ADAgroittica LombardaRoyal Belgian CaviarCaviar CourtRussian Caviar HouseCalifornia Caviar CompanySterling CaviarCaviar de RiofrioPrunier ManufactureBlack River CaviarSturgeonAntonius CaviarKaluga QueenAmur Caviar Co.Sichuan Runzhao FisheriesL'Osage Caviar

In Chapter 4 and Chapter 14.2, on the basis of types, the Caviar market from 2018 to 2029 is primarily split into:

Acipenser Baerii CaviarAcipenser Transmontanus CaviarAcipenser Gueldenstaedtii CaviarAcipenser Hybrid CaviarOthers

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Caviar market from 2018 to 2029 covers:

RestaurantsHotelsHousehold

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)Latin America (Brazil, Mexico, Argentina)Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)