The global caviar market size is expected to reach USD 496.3 million by 2025, according to a new report by Grand View Research, Inc., progressing at a CAGR of 8.7% over the forecast period. Increasing use of caviar as seasoning or to sprinkle it on various food items such as pizza, burgers, sandwiches, ice cream, along with associated health benefits, is expected to propel the market demand over the forecast period.
Asia
Pacific has been the fastest growing regional market in the world owing to
increase in imports and exports, rapidly developing economies, and availability
of a variety of fishes in the region. The market in Asia Pacific is anticipated
to gain momentum due to high demand from developing countries like Japan and
China.
The
industry is witnessing rapid growth as caviar and related products have found
wide applications in different sectors. The profitability aspects and rising
demand from the consumers to compensate for their nutrient deficiencies are
likely to attract new players and eventually benefit the market expansion.
Use
of caviar in cosmetic products and health supplements is the latest trend in
the market, which enables custom manufacturers to meet the desired product
specifications by the customers. Restaurants has been the largest application
segment for this product, wherein caviar is used in different food items, which
not just improves taste but also makes them healthy.
Full Research Report On Caviar Market Visit Here:
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Caviar Market
Report Highlights
- Europe is
expected to expand at a CAGR of 8.2% from 2019 to 2025, owing to high
spending ability of the consumers and rise in health consciousness
- In China,
sevruga accounted for the largest share of 27.8% in 2018 on account of
their high imports and exports. This product is used as a seasoning agent,
health supplement, and consumed as a premium delicacy
- The Caviar
market in the U.S. is projected to exhibit a CAGR of 8.8% from 2019 to
2025, wherein the major share is held by The Caviar Co., California Caviar
Corp., and few other companies
- Restaurants
accounted for 72.2% share in Germany with a revenue of USD 19.3 million in
2018
- Product
innovation, along with formation of alliances with distributors located in
the developing economies including China and India, is projected to
provide the competitive edge to the manufacturers in the near future
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Caviar Market
Segmentation
Grand View Research has
segmented the global caviar market on the basis of product, application, form,
and region:
Caviar Product
Outlook (Revenue, USD Million, 2015 - 2025)
- Sevruga
- Osetra
- Salmon
- Sushi
- Others
Caviar Form
Outlook (Revenue, USD Million, 2015 - 2025)
- Fresh
- Dried
- Preserved & Frozen
Caviar Application
Outlook (Revenue, USD Million, 2015 - 2025)
- Restaurants
- Household
Caviar Regional
Outlook (Revenue, USD Million, 2015 - 2025)
- North America
- U.S.
- Canada
- Mexico
- Europe
- U.K.
- Germany
- Asia Pacific
- China
- India
- Japan
- Central & South America
- Brazil
- Middle East & Africa
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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