Europe Caviar Market Report and Forecast 2024-2032

Europe Caviar Market Outlook

The Europe caviar market size reached a volume of 181.7 tonnes in 2023. The market is expected to grow at a CAGR of 7.6% between 2024 and 2032, reaching almost 353.2 tonnes by 2032.

Key Takeaways:

• The initial recorded harvest of sturgeon from aquaculture by the FAO in 1984 amounted to 150 tonnes. Subsequently, production exhibited gradual growth through the early 2000s, after which it began to escalate significantly on an annual basis. By 2018, global aquaculture production of sturgeon had reached approximately 115,168 tonnes.

• Estimates indicate that approximately 36% of sturgeons are raised in flow-through systems, followed by recirculating aquaculture systems accounting for 21%, and cages representing 18% of the rearing methods. Ponds are also utilised, albeit to a lesser extent, making up around 7% of sturgeon rearing practices.

Caviar, derived from sturgeons, was historically harvested from the Caspian Sea by Russia and Iran, but overfishing has endangered sturgeon species. By 1977, global sturgeon capture peaked at 31,800 tonnes, leading to near-extinction. The FAO recorded the first aquaculture harvest in 1984, marking a shift towards farmed sturgeons. Today, nearly all caviar is sourced from farmed sturgeon, a prized delicacy made by sieving and salting sturgeon roe. Caviar's perishability requires immediate refrigeration after roe extraction.

In addition to sturgeon roe, the term "caviar" is used for fish roe from various species like salmon and trout. European caviar markets are growing due to perceived health benefits, including increased blood flow and antioxidants. Rising health consciousness and disposable income, alongside technological advancements, are key drivers of the Europe caviar market growth. However, this market growth is hindered by limited awareness and skilled professionals.

Stakeholders report a trade floor price of 300-500 EUR/kg for caviar, varying by species and origin. Caviar quality is judged by pearl size, texture, colour, and taste. Notably, caviar from species like Siberian sturgeon and kaluga sturgeon commands higher prices. Sturgeon rearing employs various technologies, with flow-through and recirculating aquaculture systems being most common.

Caviar production is costly due to the lengthy sturgeon maturation period. Ultrasound is used to determine sturgeon sex, with females selected for caviar production. Harvested eggs undergo salt curing, with some caviar lightly salted (malossol) for higher value. Additives like Borax extend shelf life, and pasteurization is used in some cases while playing an important role in the Europe caviar market development.

Market Segmentation

Europe Caviar Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

Market Breakup by Type

• Osetra

• Sterlet

• Salmon

• Sevruga

• Sushi

• Beluga

• Others

Market Breakup by Form

• Frozen

• Dried

• Fresh

Market Breakup by End Use

• Retail Stores

• HoReCa

• Others

Market Breakup by Distribution Channel

• Supermarket and Hypermarket

• Convenience Store

• Online

• Others

Market Breakup by Region

• Germany

• United Kingdom

• France

• Italy

• Spain

• Others

Competitive Landscape

Key players in the caviar market in Europe offer products through production and imports to support the end users in the market.

• Rossini Caviar A/S

• Antonius Caviar

• The 1295 Caviar Company

• Italian Caviar srl

• Agroittica Lombarda SpA

• Others

Key Highlights of the Report