DUBLIN--(BUSINESS WIRE)--The "Global Caviar Market - Forecasts from 2020 to 2025" report has been added to ResearchAndMarkets.com's offering.
The global caviar market is projected to surge at a CAGR of 6.38% from a market value of USD209.573 million in 2019 to attain a market value of USD303.736 million by the end of 2025.
- Peter Pan Seafoods
- OLMA IV Inc.
- Kolikof Caviar & Fine Foods
Caviar is referred to as salted eggs (roe) from the species of fish sturgeons. Traditionally, these fish species were harvested in the Caspian Sea and their roe was sold as caviar. These were mainly done by Russia and Iran. The well-known, highly-priced caviar variety includes Beluga from Beluga Sturgeon, Osetra from Russian Sturgeon, and Sevruga from Starry Surgeon. The origination of these species is from the Eurasia region, in the Caspian Sea, Black Sea, and the connected rivers. The caviar availability in the market differ in size and price and are graded as classic, royal, or imperial.
The classification is based on the caviar pearl appearance in terms of size and colour. Common varieties of caviar occur from White Sturgeon, Shortnose Sturgeon, Siberian Sturgeon, and Kaluga Sturgeon. However, due to habitat degradation and overexploitation or overfishing, Sturgeon and paddlefish populations have declined at the international level, this includes illegal fishing as well. Hence, the market growth is projected to grow only in countries that are in compliance with CITES documents granted by CITES authorities. CITES is referred to as the Convention on International Trade in Endangered Species of Wild Fauna and Flora. It is an international agreement among the governments to ensure that the global trade of the specimens of wild animals and plants does not threaten their survival.
Hence, compliance with CITES requirements will fuel the market demand in a particular region. Today, caviars available in the market are harvested mostly from the farmed sturgeon. The expansion of premium and luxurious hotel and restaurant chains at the global level is augmenting the market growth in the forecast period. This is mainly due to the fact that the global caviar market is mainly utilized by the high-end segments including premium hotels and restaurants, airliners, and exclusive cruise ships. Also, with the growing expansion of retail shops, the market is projected to grow at a significant pace in the forecast period. According to the FAO, the harvest reported from aquaculture in 1984 was around 150 tonnes, the harvest increased gradually to the beginning of 2000, and then it started increasing rapidly every year. In 2015 and 2016, the global aquaculture production of the sturgeon was recorded to be around 105 tonnes respectively.
Major Sturgeon producing countries or regions in the world includes China, Armenia, Russian Federation, EU, Iran, the United States of America, and Vietnam. The estimated production of caviar increased from 290 tonnes to 340 tonnes from 2014 to 2016 (Source: World Sturgeon Conservation Society, WSCS, and TRAFFIC and WWF joint report 2018).
The presence of stringent CITES guidelines for the prevention of endangered species of Sturgeons is allowing the market growth in those regions that are in compliance with CITES mandates, thus preventing over exploitation of the species and illegal trade.
Key Topics Covered:
1.1. Market Definition
1.2. Market Segmentation
2. Research Methodology
2.1. Research Data
3. Executive Summary
3.1. Research Highlights
4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Market Opportunities
4.4. Porters Five Forces Analysis
4.4.1. Bargaining Power of Suppliers
4.4.2. Bargaining Power of Buyers
4.4.3. Threat of New Entrants
4.4.4. Threat of Substitutes
4.4.5. Competitive Rivalry in the Industry
4.5. Industry Value Chain Analysis
5. Global Caviar Market Analysis, by Sturgeon Species
5.2. Siberian Sturgeon
5.3. Kaluga/Shortnose Hybrid
5.4. Russian Sturgeon
5.5. White Sturgeon
5.6. Beluga Sturgeon
6. Global Caviar Market Analysis, by End-User
6.3. Retail Shops
6.5. Exclusive Cruise Ships
7. Global Caviar Market Analysis, by Regions
7.3. United States of America
7.8. United Kingdom
8. Competitive Environment and Analysis
8.1. Major Players and Strategy Analysis
8.2. Emerging Players and Market Lucrativeness
8.3. Mergers, Acquisitions, Agreements, and Collaborations
8.4. Vendor Competitiveness Matrix
9. Company Profiles
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