Caviar Market is expected to reach USD 475 Million by 2023 | Key players are Caviar de France, Sterling Caviar, AgriotticaLombarda, California Caviar Company, etc.

Caviar Market Size and Growth Rate:
Caviar Market was valued at USD 312 Million in 2017 and projected to reach USD 475 Million by 2023 growing at a CAGR of 5.2% during the forecast period 2018 to 2023.

Caviar Market Overview:
Caviar is a well-known luxury food found across the world. It is an expensive delicacy comprising of unfertilized eggs (roe) of a sturgeon fish, brined with salt solution is called caviar. Originally, from Iran and Russia, it is cultivated by commercial fisherman working in the Caspian Sea. Of the lot, a species from the Beluga is supposed to be the best in the world. There are other variants like Osetra, Sevruga, Kaluga, Salmon, Sushi and others. It can be provided fresh, preserved, frozen, dried or cooked. It is available in gourmet speciality shops, wine stores, supermarkets and via e-commerce lately. Recently, apart from restaurants, households are big into using caviar as a dish and it has transcended being viewed as just a luxury dish.

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Caviar Market Growth Drivers and Restraints:
With the extinction of the sturgeon and the costs involved in harvesting caviar using technology, the market looks dicey, however, being a favourite amongst consumers the market is looking for alternatives to harvest the product. Poaching and illegal trade is further causing issues for the global market.

A new variant called the vegan variety has also hit the market which is made of a unique formula of seaweed, available in oceans and is an option for vegans and vegetarians. Therefore, this just goes on to show how the market is expanding slowly and with companies trying to collaborate and use technology to lower the prices, which will keep the market going in the years to come.

Geographic Insights of Caviar Market:
Based on consumption, Europe and USA are the main markets due to their advanced production technology and rapid development of the booming economy. Also, the luxury foods market is over $1 trillion in the US and this further is a reason for its growth. Caviar, claimed to be of wild origin, is not at all sold in China, although is openly sold and traded in Germany and France.

Key Market Players of Caviar Market:
key players are Caviar de France, Sterling Caviar, AgriotticaLombarda, California Caviar Company, etc. Quality, innovation, and price are the parameters players, big or small, are competing on. Organic and inorganic caviar markets are both booming with inorganic taking the lead because of its inexpensive status.

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Caviar Market Key Segmentation:

By Type:
• Baerii Caviar
• Transmontanus Caviar
• Gueldenstaedtii Caviar
• Hybrid Caviar

By Applications:
• Restaurants
• Household

By Region:
• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East & Africa

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