Technavio, a tech-focused market research firm, has published a new report on the global caviar market, which is expected to grow at a CAGR of close to 12% during the forecast period 2017-2021.
Based on geographical segmentation, Technavio market researchers categorize the global caviar market into the following key regions: the Americas, APAC, and EMEA.
Caviar market in EMEA: The European market for caviar is characterized by increased demand and shortage of supplies. The illegal trade of caviar is one of the key constraints hindering the growth of the caviar market in Europe. Currently, the market is experiencing a surge in demand for organic caviar. The market for caviar in the Middle East is experiencing substantial growth owing to the increasing penchant for luxury foods among the consumers in the region.
According to Manjunath Reddy, a lead analyst at Technavio, specializing in research on food, “Mauritius is the largest exporter of caviar in Africa and is followed by South Africa. The increase in the per capita income due to the resurgence of the economy and the rising demand for luxury products are some of the factors driving the demand for caviar in the region.”
Caviar market in the Americas: The growth of the caviar market in the Americas is driven by the rising demand for luxury products and the increasing awareness about the health benefits of the consumption of caviar. As the fishing of wild sturgeon is regulated due to the depletion of the species, players in the market are gradually shifting to sturgeon aquaculture. The number of sturgeon farms in the Americas region is projected to increase during the forecast period. The US, Uruguay, and Canada are some of the largest exporters of caviar in the region.
Caviar market in APAC: China is the largest exporter and consumer of caviar products in the APAC region. Players in APAC’s caviar market are investing in increasing their production capabilities to meet the increasing demand of the consumers. Increasing per capita income of consumers during the forecast period is anticipated to reflect positively on the caviar market in APAC.
The leading vendors operating in the global caviar market are:
- Agroittica Lombarda
- California Caviar Company
- Caviar de France
- Hangzhou Qiandaohu Xunlong Sci-Tech
- Sterling Caviar
Other prominent vendors in the market include 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.
Other related reports:
- Global Soy-based Yogurt Market
- Global Tabletop and Sachet Sweeteners Market
- Global Low Fat Dairy Products Market
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