Market Insight-Global Caviar Market Overview 2022
Global Caviar Market Size was estimated at USD 298.44 million in 2021 and is projected to reach USD 428.55 million by 2028, exhibiting a CAGR of 5.31% during the forecast period– Bossonresearch.com
A contrast agent (or contrast medium) is a substance used to increase the contrast of structures or fluids within the body in medical imaging.Caviar is a food consisting of salt-cured roe of the family Acipenseridae. Caviar is considered a delicacy and is eaten as a garnish or a spread.Traditionally, the term caviar refers only to roe from wild sturgeon in the Caspian Sea and Black Sea(Beluga, Ossetra and Sevruga caviars). Depending on the country, caviar may also be used to describe the roe of other species of sturgeon or other fish such as salmon, steelhead, trout, lumpfish, whitefish, or carp.The roe can be "fresh" (non-pasteurized) or pasteurized, with pasteurization reducing its culinary and economic value. China has emerged as the leading producer, accounting for 60% of the world production in caviar.The largest caviar company in the world is the Chinese brand Kaluga Queen, which cultivates sturgeon at Qiandao Lake in Zhejiang.
According to Bosson Research, The global caviar market size was valued at USD 298.44 million in 2018. Rising awareness regarding health benefits offered by caviar and its widespread applications in the food industry are the key factors driving the market. In addition, increasing per capita income in developing economies, including China, India, Brazil, and Mexico, is enabling consumers to raise their spending on caviar and related products.
Figure Global Caviar Market Size
Source: Bossonresearch.com, 2022
Global Caviar Market: Competitive Landscape
Major players operating in the market are The Caviar Co., DELICATESSEN SNAILEX S.R.O., AMANGUL TULBERGEN, Sepehr Dad Caviar GmbH, CAVIAR BLANC, and LABEYRIE. The profitability aspects and rising demand from consumers to compensate for their nutrient deficiencies are likely to attract new players.
Product innovation, along with alliances with distributors located in developing economies like China and India, is projected to provide the competitive edge to the manufacturers in the near future. For instance, La Prairie launched a new product called White Caviar Illuminating Pearl Infusion for glowing and moisturized skin.
Key players in the Caviar Market include:
l Caviar de France
l Agroittica Lombarda
l Sterling Caviar
l Sturgeon
l Black River Caviar
l Caviar Galilee Farm
l Russian Caviar House
l Hangzhou Qiandaohu Xunlong Sci-tech
l Amur Group
l Runzhao Fisheries
l Delicatessen Snailex S.R.O.
l Amangul Tulbergen
l Sepehr Dad Caviar GmbH
l Labeyrie
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