Global Caviar Market 2017-2021
Caviar is a luxury food item which is usually consumed as an appetizer. The word caviar originated from the Turkish word havyar. The roe from wild sturgeon in the Caspian and Black seas are termed caviar. The roe from other species of fish such as paddlefish, salmon, and others are termed as substitutes of caviar.
Technavio’s analysts forecast the global caviar market to grow at a CAGR of 11.73% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global caviar market for 2017-2021. To calculate the market size, the report considers the retail sales of caviar to individual consumer.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Caviar Market 2017-2021
Technavio recognizes the following companies as the key players in the global caviar market: Agroittica Lombarda, California Caviar Company, Caviar de France, Hangzhou Qiandaohu Xunlong Sci-Tech, and Sterling Caviar.
Other Prominent Vendors in the market are: American Pearl Caviar, AmStur Caviar, ATTILUS Caviar, Avori Caviar, CAVIAR DE RIOFRIO, Coastal Bay Seafoods, Fortuna XXI, Great Atlantic Trading, Midwest Caviar, Northern Divine Caviar, Russian Caviar House, and Trading House Aristocrat.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is growing prominence of aquaculture sturgeon caviar. As the population of wild sturgeon is decreasing due to over-exploitation for caviar processing, the players in the market are now resorting to the harvesting of sturgeon in aquaculture farms. The production of sturgeon in aquaculture farms is increasing due to the growing demand for caviar products.”
According to the report, one of the major drivers for this market is increasing demand for luxury foods. With the disposable income of consumers increasing, they are demanding more luxury products. Luxury food sales are growing around the globe and are expected to increase further during the forecast period. The market for luxury foods is expected to have a 4% year-over-year growth rate.
Further, the report states that one of the major factors hindering the growth of this market is high price of caviar. One of the challenges for the growth of the global caviar market is the high price of caviar products. Caviar is considered a luxury food item and is priced at rates that make it unaffordable for most consumers. This will limit the growth prospects of the market during the forecast period.
Agroittica Lombarda, California Caviar Company, Caviar de France, Hangzhou Qiandaohu Xunlong Sci-Tech, Sterling Caviar, American Pearl Caviar, AmStur Caviar, ATTILUS Caviar, Avori Caviar, CAVIAR DE RIOFRIO, Coastal Bay Seafoods, Fortuna XXI, Great Atlantic Trading, Midwest Caviar, Northern Divine Caviar, Russian Caviar House, and Trading House Aristocrat.