The Asia Pacific Hackleback Caviar Market would witness market growth of 7.1% CAGR during the forecast period (2023-2030).In the year 2021, the Asia Pacific market's volume surged to 99.8 Quintal, showcasing a growth of 5.2% (2019-2022).
In Western nations, sturgeon caviar, commonly referred to as hackleback caviar, has long been a favorite. This is linked to a number of factors that have contributed to the product's rising market demand. It differs from other caviar variants as it has a unique taste and texture. People who cherish its exquisite and rich experience are enthralled by the caviar's nutty and buttery flavor as well as its tiny pearls that burst in the mouth. In comparison to other kinds of sturgeon caviar, like Beluga or Ossetra, hackleback caviar is more affordable. Because of this, it is a desirable option for customers who want to enjoy the luxury of caviar without having to pay the high cost associated with rarer and more expensive variants.
The demand for hackleback caviar has been influenced by the increase in knowledge and exposure via various media outlets. Customers have grown increasingly curious and eager to try new and exotic foods like caviar as a result of exposure to a variety of culinary experiences through television programs, social media, and food blogs. The increasing use of such platforms is because of increased penetration of the Internet.
According to European Market Observatory for Fisheries and Aquaculture Products (EUMOFA) estimates, sturgeon aquaculture production has increased significantly during the past 20 years, with China being the main driver. According to Food and Agriculture Organization of the United Nations (FAO), China recorded production of more than 9.000 tonnes in 2003. Since then, Chinese manufacturing has multiplied ten times, reaching around 97.000 tonnes in 2018. The output of sturgeon was 102.042 tonnes in 2019, according to the China Fisheries Statistical Yearbook 2020. A large portion of sturgeon meat is processed only for human consumption, yet China continues to supply an estimated one-third of the world's caviar volumes. By 2030, it is predicted that over 400 million Indians will reside in urban areas. Although cities only occupy 3% of the country's area, they comprise 60% of India's GDP. These elements will provide new prospects for market participants in the coming years.
The China market dominated the Asia Pacific Hackleback Caviar Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $7,042.2 Thousands by 2030. The Japan market is registering a CAGR of 6.4% during (2023 - 2030). Additionally, The India market would showcase a CAGR of 7.7% during (2023 - 2030).
Based on Type, the market is segmented into Malossol Caviar, Pressed Caviar, Salted Caviar, and Others. Based on Application, the market is segmented into Restaurants, and Household. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Hackleback Caviar Market is Projected to reach USD 142.6 Million by 2030, at a CAGR of 5.6%
The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include Agroittica Lombarda S.p.A, Russian Caviar House LLP, California Caviar Company, Great Atlantic Trading, Inc., North American Caviar, Inc., Marky’s Caviar, DR Delicacy, OLMA Star LLC, Warsaw Caviar, LLC, Black Diamond Caviar (Warbucks Seafood)
By Type (Volume, Quintal, USD Thousand, 2019-2030)
By Application (Volume, Quintal, USD Thousand, 2019-2030)
By Country (Volume, Quintal, USD Thousand, 2019-2030)
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