Caviar Market Size Research Report

 

Growth opportunities in the Caviar Market look promising over the next six years. This is mainly due to the increasing number of Premium restaurants, luxurious hotel chains, and an escalating urban population.

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Caviar Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)

Key Drivers

Exclusive restaurants and affluent hotel chains are spreading throughout the world to serve the customer's demand and inclination towards original cuisines. Also, contemporary retail chains such as hypermarkets and supermarkets are augmenting with the acquisition of rapid urbanization of the city, which has manifested to be a prominent driver for engendering the availability of exotic goods to consumers. This is attributed to the USD 800 million adoptions of souq by Amazon in 2017 and affiliation between Noon and eBay in 2018, which supplement the market size and lead to more demand for the caviar. Furthermore, it is rich in selenium, B12 vitamin, omega-3 fatty acids and is applied to restrict incompetency. Moreover, the accelerating demand of caviar and its different product extracts by pharmaceutical sectors to prepare capsules, tablets, and liquid forms of medicines for consumers to overpower their weakness. These factors together promote market growth. However, their high price, led by the requirement of a better quality of sturgeon roes which are very rare, will hamper the caviar market growth.

Product Segment Drivers

Based on the product, sevruga is projected to dominate the market over the forecast period. This is primarily attributed to their remarkable flavor and texture compared to osetra. Furthermore, they are more economical than oestra, which is further paving the way for raising caviar market share.

Regional Drivers

Based on the regional coverage, Asia-Pacific is predicted to witness a higher CAGR over the forecast period. This is mainly due to the prevalence of leading players. For instance, Xiamen Qilei Industrial Co., Ltd., Jiamusi Import, and Export Corp. China and Azuma Trading Co., Ltd. are some of the major producers of this product with robust existence in the market. Furthermore, health benefits associated with the product, increasing spending capabilities of the consumers, and expansion of distribution channel has driven the growth of caviar industry.

Caviar Market’s leading Manufacturers:

·        Azuma Trading Co., Ltd.

·        Xiamen Qilei Industrial Co., Ltd.

·        Shassetra

·        VOLZHENKA CAVIAR

·        Gourmanoff Artisan Bakery

·        Jiamusi Import and Export Corp. China

·        Focus Technology Co., Ltd.

·        Marky’s

·        VOLZHENKA CAVIAR

·        Gourmanoff Artisan Bakery

Caviar Market Segmentation:

Segmentation by Source

·        Kaluga/ Shortnose Hybrid

·        Russian Sturgeaon

·        Siberian Sturgeon

·        White Sturgeaon

·        Beluga Sturgeon

·        Other

Segmentation by Product

·        Sevruga

·        Osetra

Segmentation by Form

·        Fresh

·        Dried

·        Preserved & Frozen

Segmentation by Application

·        Restaurants

·        Household

Segmentation by Region:

·        North America

o   United States of America

o   Canada

·        Asia Pacific

o   China

o   Japan

o   India

o   Rest of APAC

·        Europe

o   United Kingdom

o   Germany

o   France

o   Spain

o   Rest of Europe

·        RoW

o   Brazil

o   South Africa

o   Saudi Arabia

o   UAE

o   Rest of the world (remaining countries of the LAMEA region)

About GMI Research

GMI Research is a market research and consulting company that offers business insights and market research reports for large and small & medium enterprises. Our detailed reports help the clients to make strategic business policies and achieve sustainable growth in the particular market domain. The company's large team of seasoned analysts and industry experts with experience from different regions such as Asia-Pacific, Europe, North America, among others, provides a one-stop solution for the client. Our market research report has in-depth analysis, which includes refined forecasts, a bird's eye view of the competitive landscape, key factors influencing the market growth, and various other market insights to aid companies in making strategic decisions. Featured in the 'Top 20 Most Promising Market Research Consultants' list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping our clients to stay ahead of the curve.

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