The global caviar market size is expected
to reach USD 496.3 million by 2025, according to a new report by Grand View
Research, Inc., progressing at a CAGR of 8.7% over the forecast period.
Increasing use of caviar as seasoning or to sprinkle it on various food items such
as pizza, burgers, sandwiches, ice cream, along with associated health
benefits, is expected to propel the market demand over the forecast period.
Asia Pacific has been the fastest growing
regional market in the world owing to increase in imports and exports, rapidly
developing economies, and availability of a variety of fishes in the region.
The market in Asia Pacific is anticipated to gain momentum due to high demand
from developing countries like Japan and China.
The industry is witnessing rapid growth as
caviar and related products have found wide applications in different sectors.
The profitability aspects and rising demand from the consumers to compensate
for their nutrient deficiencies are likely to attract new players and
eventually benefit the market expansion.
Use of caviar in cosmetic products and
health supplements is the latest trend in the market, which enables custom
manufacturers to meet the desired product specifications by the customers.
Restaurants has been the largest application segment for this product, wherein
caviar is used in different food items, which not just improves taste but also
makes them healthy.
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or view summary of this report, click the link below:
https://www.grandviewresearch.com/industry-analysis/caviar-market
https://www.grandviewresearch.com/industry-analysis/caviar-market
Further key findings from the study suggest:
· Europe is expected to expand at a CAGR of
8.2% from 2019 to 2025, owing to high spending ability of the consumers and
rise in health consciousness
· In China, sevruga accounted for the largest
share of 27.8% in 2018 on account of their high imports and exports. This
product is used as a seasoning agent, health supplement, and consumed as a
premium delicacy
· The Caviar market in the U.S. is projected
to exhibit a CAGR of 8.8% from 2019 to 2025, wherein the major share is held by
The Caviar Co., California Caviar Corp., and few other companies
· Restaurants accounted for 72.2% share in
Germany with a revenue of USD 19.3 million in 2018
· Product innovation, along with formation of
alliances with distributors located in the developing economies including China
and India, is projected to provide the competitive edge to the manufacturers in
the near future
Grand View Research has segmented the
global caviar market on the basis of product, application, form, and region:
Caviar Product Outlook (Revenue, USD
Million, 2015 - 2025)
·
Sevruga
·
Osetra
·
Salmon
·
Sushi
·
Others
Caviar Form Outlook (Revenue, USD Million,
2015 - 2025)
·
Fresh
·
Dried
·
Preserved & Frozen
Caviar Application Outlook (Revenue, USD
Million, 2015 - 2025)
·
Restaurants
·
Household
Caviar Regional Outlook (Revenue, USD
Million, 2015 - 2025)
·
North America
·
Europe
·
Asia Pacific
·
Central & South America
·
Middle East & Africa
About Grand View
Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports,
customized research reports, and consulting services. To help clients make
informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
