Caviar Market Size (2024 - 2029)

Caviar Market Analysis

The Caviar Market size is estimated at USD 372.99 million in 2024, and is expected to reach USD 547.03 million by 2029, growing at a CAGR of 7.96% during the forecast period (2024-2029).

The COVID19 crisis has significantly affected the caviar market. Consumers preferred healthy food and a healthy diet rather than chemically composed foods. This was because the consumers were focused on maintaining good health to avoid the effect of the virus on them. Meanwhile, the United Nations firm Sterling Caviar, one of the major players in this industry, said its sales were up 10% in 2021. In the United Kingdom, one of the two producers, Exmoor Caviar, sold out of all its stock at the end of 2020.

Consumers' growing interest in healthy and nutritious foods is increasing the demand for caviar; this is due to the fact that the consumption of caviar has several health benefits, which is also fueling the market.

The government initiatives for increasing caviar production are one of the major factors driving the market significantly.

Caviar Industry Segmentation

Caviar is a food consisting of salt-cured roe of the family Acipenseridae. Caviar is considered a delicacy and is eaten as a garnish or a spread. Traditionally, caviar refers only to roe from wild sturgeon in the Caspian Sea and the Black Sea. The global caviar market has been segmented by type into Sevruga, Osetra, Beluga, Sterlet, and other types. The market is segmented by form into fresh, dried, and frozen. By sales channels, the market is segmented into on-trade and off-trade. The geography segment of the report includes North America, Europe, Asia-Pacific, South America, and the Middle East & Africa. For each segment, the market sizing and forecasts have been done based on the value (in USD million).