CAVIAR MARKET SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS (2023 - 2028)


Caviar Market Analysis:

The Caviar Market is projected to experience substantial growth, with an anticipated increase from USD 345.49 million in 2023 to USD 506.70 million by 2028, reflecting a Compound Annual Growth Rate (CAGR) of 7.96% during the forecast period (2023–2028).

The COVID-19 pandemic has had a significant impact on the caviar market, as consumers have become increasingly focused on maintaining good health and consuming nutritious foods. As a result, there has been a shift towards healthier food options, and the demand for caviar has increased. Sterling Caviar, a major player in the industry, reported a 10% increase in sales in 2021, while Exmoor Caviar, one of the two producers in the United Kingdom, sold out of all its stock at the end of 2020.

The growing interest in healthy and nutritious foods has contributed to the rise in demand for caviar, as it is known to have several health benefits. This trend is expected to continue to fuel the market.

Furthermore, government initiatives aimed at increasing caviar production are a significant factor driving the market’s growth.

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