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Caviar Market Report 2024

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    Report

  • 175 Pages
  • August 2024
  • Region: Global
  • The Business Research Company
  • ID: 5995020
The caviar market size has grown rapidly in recent years. It will grow from $2.57 billion in 2023 to $2.83 billion in 2024 at a compound annual growth rate (CAGR) of 10.2%. The growth during the historic period can be attributed to several factors, including rising consumer demand for nutritional and skin health products, increasing popularity of microwavable foods, growing demand for luxury food items, expansion of aquaculture and sustainable practices, and globalization leading to enhanced accessibility.

The caviar market size is expected to see rapid growth in the next few years. It will grow to $4.19 billion in 2028 at a compound annual growth rate (CAGR) of 10.3%. The growth in the forecast period can be attributed to growing demand for caviar, increasing awareness of its health benefits, its status as a luxury and status symbol, culinary prestige, and its use in gourmet cuisine. Major trends expected in this period include advancements in aquaculture technologies, innovations in product development, adoption of sustainable farming practices, implementation of automated monitoring systems, and advancements in genetic research to improve breeding practices.

The caviar market is set to experience growth, driven by the increasing popularity of restaurants. This trend reflects a rising preference for experiential dining, where consumers seek unique and memorable culinary experiences as part of their social and cultural engagements. Caviar enriches restaurant menus with its luxurious and sophisticated appeal, enhancing dining experiences significantly. For example, Statistics Sweden reported in June 2024 that restaurant sales volume increased by 1.2% during the first quarter of 2024 compared to the same period in 2023, underscoring the growing influence of restaurants on the caviar market.

Leading companies in the caviar industry are focusing on innovation by developing new products such as plant-based caviar, catering to the increasing demand for sustainable and vegan options. Plant-based caviar offers a vegan or vegetarian alternative to traditional caviar, using ingredients derived from plants to replicate the taste, texture, and appearance of authentic caviar without using fish roe. For instance, Ancrée, a France-based caviar manufacturer, introduced the First French Plant-Based Caviar in July 2024, formulated with chia seeds and seaweed. This plant-based option is fortified with chia seeds, providing omega-3 fatty acids, fiber, vitamins, and minerals, offering a nutritious alternative to traditional caviar. Seaweed in the plant-based caviar adds essential iodine, similar to traditional caviar.

In March 2023, Modern Plant-Based Foods, a Canadian company specializing in plant-based products, acquired Northern Pacific Caviar to strengthen its capacity in producing and distributing vegan caviar across retail stores, restaurants, and food service outlets. Northern Pacific Caviar, based in Canada, specializes in vegan caviar products made from a blend of seaweed, flavorings, and chia seeds.

Major companies operating in the caviar market are Labeyrie Fine Foods SAS, Caviar House & Prunier, Petrossian Inc., The Caviar Co., The Caviar House, Amur Caviar Company Ltd., Black River Caviar, Hyde Caviar LLC, Riofrío 1963 SL, Hangzhou Qiandaohu Xunlong Sci-Tech Co. Ltd., L'Osage Caviar Company Inc., Sasanian Caviar Inc., Agroittica Lombarda, California Caviar Company, Russian Caviar House LLP, Delicatessen SNAILEX s.r.o., Karat Caviar, Tsar Nicoulai Caviar LLC, Bemka, Imperial Caviar.

Asia-Pacific was the largest region in the caviar market in 2023. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the caviar market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the caviar market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Caviar is the processed and salted roe (eggs) of specific fish species, primarily sturgeon, renowned for its delicacy and enjoyed as a luxury food item. It is prized for its rich, briny flavor and smooth texture, traditionally served chilled and considered a gourmet delicacy worldwide.

The main types of caviar include sevruga, osetra, salmon, sushi, beluga, sterlet, and others. Sevruga caviar is derived from the roe of the Acipenser stellatus, a sturgeon species native to the Caspian and Black Seas, known for its small, grey-colored eggs. Sevruga caviar is available in various forms such as fresh, dried, and frozen. These products are distributed through various sales channels including on-trade and off-trade, and are utilized in applications such as hotels, restaurants, airliners, cruise ships, retail stores, and more.

The caviar market research report is one of a series of new reports that provides caviar market statistics, including caviar industry global market size, regional shares, competitors with a caviar market share, detailed caviar market segments, market trends, and opportunities, and any further data you may need to thrive in the caviar industry. This caviar market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The caviar market consists of sales of processed caviar, infused caviar, sevruga caviar, white sturgeon caviar, and hackleback caviar. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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Table of Contents

1. Executive Summary2. Caviar Market Characteristics3. Caviar Market Trends and Strategies
4. Caviar Market - Macro Economic Scenario
4.1. Impact of High Inflation on the Market
4.2. Ukraine-Russia War Impact on the Market
4.3. COVID-19 Impact on the Market
5. Global Caviar Market Size and Growth
5.1. Global Caviar Market Drivers and Restraints
5.1.1. Drivers of the Market
5.1.2. Restraints of the Market
5.2. Global Caviar Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Caviar Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)
6. Caviar Market Segmentation
6.1. Global Caviar Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Sevruga
  • Osetra
  • Salmon
  • Sushi
  • Beluga
  • Sterlet
  • Other Products
6.2. Global Caviar Market, Segmentation by Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Fresh
  • Dried
  • Frozen
6.3. Global Caviar Market, Segmentation by Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • on-Trade
  • Off-Trade
6.4. Global Caviar Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Hotels and Restaurants
  • Airliners and Cruise Ships
  • Retail Stores
  • Other Applications
7. Caviar Market Regional and Country Analysis
7.1. Global Caviar Market, Split by Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Caviar Market, Split by Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8. Asia-Pacific Caviar Market
8.1. Asia-Pacific Caviar Market Overview
(Region Information, Impact of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies)
8.2. Asia-Pacific Caviar Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Caviar Market, Segmentation by Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Caviar Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
9. China Caviar Market
9.1. China Caviar Market Overview
9.2. China Caviar Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Caviar Market, Segmentation by Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Caviar Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
10. India Caviar Market
10.1. India Caviar Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Caviar Market, Segmentation by Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Caviar Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11. Japan Caviar Market
11.1. Japan Caviar Market Overview
11.2. Japan Caviar Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Caviar Market, Segmentation by Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Caviar Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12. Australia Caviar Market
12.1. Australia Caviar Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Caviar Market, Segmentation by Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Caviar Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13. Indonesia Caviar Market
13.1. Indonesia Caviar Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Caviar Market, Segmentation by Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Caviar Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14. South Korea Caviar Market
14.1. South Korea Caviar Market Overview
14.2. South Korea Caviar Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Caviar Market, Segmentation by Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Caviar Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15. Western Europe Caviar Market
15.1. Western Europe Caviar Market Overview
15.2. Western Europe Caviar Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Caviar Market, Segmentation by Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Caviar Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16. UK Caviar Market
16.1. UK Caviar Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Caviar Market, Segmentation by Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Caviar Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17. Germany Caviar Market
17.1. Germany Caviar Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Caviar Market, Segmentation by Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Caviar Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18. France Caviar Market
18.1. France Caviar Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Caviar Market, Segmentation by Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Caviar Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19. Italy Caviar Market
19.1. Italy Caviar Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Caviar Market, Segmentation by Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Caviar Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20. Spain Caviar Market
20.1. Spain Caviar Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Caviar Market, Segmentation by Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Caviar Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21. Eastern Europe Caviar Market
21.1. Eastern Europe Caviar Market Overview
21.2. Eastern Europe Caviar Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Caviar Market, Segmentation by Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Caviar Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22. Russia Caviar Market
22.1. Russia Caviar Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Caviar Market, Segmentation by Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Caviar Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23. North America Caviar Market
23.1. North America Caviar Market Overview
23.2. North America Caviar Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Caviar Market, Segmentation by Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Caviar Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24. USA Caviar Market
24.1. USA Caviar Market Overview
24.2. USA Caviar Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Caviar Market, Segmentation by Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Caviar Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25. Canada Caviar Market
25.1. Canada Caviar Market Overview
25.2. Canada Caviar Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Caviar Market, Segmentation by Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Caviar Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26. South America Caviar Market
26.1. South America Caviar Market Overview
26.2. South America Caviar Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Caviar Market, Segmentation by Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Caviar Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27. Brazil Caviar Market
27.1. Brazil Caviar Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Caviar Market, Segmentation by Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Caviar Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28. Middle East Caviar Market
28.1. Middle East Caviar Market Overview
28.2. Middle East Caviar Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Caviar Market, Segmentation by Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Caviar Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29. Africa Caviar Market
29.1. Africa Caviar Market Overview
29.2. Africa Caviar Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Caviar Market, Segmentation by Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Caviar Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
30. Caviar Market Competitive Landscape and Company Profiles
30.1. Caviar Market Competitive Landscape
30.2. Caviar Market Company Profiles
30.2.1. Labeyrie Fine Foods SAS
30.2.1.1. Overview
30.2.1.2. Products and Services
30.2.1.3. Strategy
30.2.1.4. Financial Performance
30.2.2. Caviar House & Prunier
30.2.2.1. Overview
30.2.2.2. Products and Services
30.2.2.3. Strategy
30.2.2.4. Financial Performance
30.2.3. Petrossian Inc.
30.2.3.1. Overview
30.2.3.2. Products and Services
30.2.3.3. Strategy
30.2.3.4. Financial Performance
30.2.4. the Caviar Co.
30.2.4.1. Overview
30.2.4.2. Products and Services
30.2.4.3. Strategy
30.2.4.4. Financial Performance
30.2.5. the Caviar House
30.2.5.1. Overview
30.2.5.2. Products and Services
30.2.5.3. Strategy
30.2.5.4. Financial Performance
31. Caviar Market Other Major and Innovative Companies
31.1. Amur Caviar Company Ltd.
31.2. Black River Caviar
31.3. Hyde Caviar LLC
31.4. Riofrío 1963 SL
31.5. Hangzhou Qiandaohu Xunlong Sci-Tech Co. Ltd.
31.6. L'Osage Caviar Company Inc.
31.7. Sasanian Caviar Inc.
31.8. Agroittica Lombarda
31.9. California Caviar Company
31.10. Russian Caviar House LLP
31.11. Delicatessen SNAILEX s.r.o.
31.12. Karat Caviar
31.13. Tsar Nicoulai Caviar LLC
31.14. Bemka
31.15. Imperial Caviar
32. Global Caviar Market Competitive Benchmarking33. Global Caviar Market Competitive Dashboard34. Key Mergers and Acquisitions in the Caviar Market
35. Caviar Market Future Outlook and Potential Analysis
35.1 Caviar Market in 2028 - Countries Offering Most New Opportunities
35.2 Caviar Market in 2028 - Segments Offering Most New Opportunities
35.3 Caviar Market in 2028 - Growth Strategies
35.3.1 Market Trend-based Strategies
35.3.2 Competitor Strategies
36. Appendix
36.1. Abbreviations
36.2. Currencies
36.3. Historic and Forecast Inflation Rates
36.4. Research Inquiries
36.5. About the Analyst
36.6. Copyright and Disclaimer

Executive Summary

Caviar Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on caviar market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase:

  • Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
  • Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
  • Assess the Russia - Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
  • Measure the impact of high global inflation on market growth.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market shares.
  • Benchmark performance against key competitors.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis
  • Report will be updated with the latest data and delivered to you along with an Excel data sheet for easy data extraction and analysis.
  • All data from the report will also be delivered in an excel dashboard format.

Description

Where is the largest and fastest growing market for caviar? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The caviar market global report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
  • The market characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
  • The forecasts are made after considering the major factors currently impacting the market. These include:
  • The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
  • The impact of higher inflation in many countries and the resulting spike in interest rates.
  • The continued but declining impact of COVID-19 on supply chains and consumption patterns.
  • Market segmentations break down the market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:

1) By Product: Sevruga; Osetra; Salmon; Sushi; Beluga; Sterlet; Other Products
2) By Form: Fresh; Dried; Frozen
3) By Sales Channel: On-Trade; Off-Trade
4) By Application: Hotels And Restaurants; Airliners And Cruise Ships; Retail Stores; Other Applications

Key Companies Mentioned: Labeyrie Fine Foods SAS; Caviar House & Prunier; Petrossian Inc.; The Caviar Co.; The Caviar House

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time Series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.

Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

Delivery Format: PDF, Word and Excel Data Dashboard.

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Labeyrie Fine Foods SAS
  • Caviar House & Prunier
  • Petrossian Inc.
  • The Caviar Co.
  • The Caviar House
  • Amur Caviar Company Ltd.
  • Black River Caviar
  • Hyde Caviar LLC
  • Riofrío 1963 SL
  • Hangzhou Qiandaohu Xunlong Sci-Tech Co. Ltd.
  • L'Osage Caviar Company Inc.
  • Sasanian Caviar Inc.
  • Agroittica Lombarda
  • California Caviar Company
  • Russian Caviar House LLP
  • Delicatessen SNAILEX s.r.o.
  • Karat Caviar
  • Tsar Nicoulai Caviar LLC
  • Bemka
  • Imperial Caviar

Methodology

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