The global vegan caviar market size is estimated to top US$ 295.6 Mn in 2022 and is projected to reach US$ 632.3 Mn by 2032 at a CAGR of 7.9% from 2022 to 2032. Sales of vegan caviar are poised to surge as availability via online channels grows.
With absolutely no animal ingredients, caviar made from seaweed is a plant-based food. Keeping in mind the vegans and vegetarian consumers, vegan caviar is developed as a green sustainable product, which is a great addition to a dish which can make it tastier and healthier. Not only it bring a color on the plate but also enhances taste and flavor of a dish.
Vegan caviar is a healthy substitute for fish caviar or fish roes. It is rich in plant protein, contains several nutrients, it is low on fat and salt content and it cholesterol-free.
Increasing consumption of seaweed-based or vegan caviar is helping in preserving the health of consumers and the planet. Seaweed caviar provides a unique experience to a consumer through its great taste and texture. For those who care for the environment and who love experiments and to get a great dining experience, tend to choose vegan caviar over traditional one.
Due to the above-listed factors, the demand for vegan caviar is predicted to surge over the forecast period (2022-2032).
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Key Takeaways from Market Study
- Europe is expected to dominate the global market by accounting for the maximum market value share of about 32% by 2022 end, followed by APAC
- The U.S. is to account for the maximum market share of nearly 80% of the North America Vegan Caviar market
- By form, dried vegan caviar is expected to account for the maximum market value share of the global market by 2022 end
- Health-conscious consumers coupled with higher income groups have an increased spending capacity which is likely to increase the demand for vegan caviar in the near future
- Online channel is expected to show an impressive growth as compared to all the other channels over the assessment period (2022-2032)
“The demand for vegan caviar is increasing globally because of the growing consumption by the health conscious population which is prophesied to fuel the growth in the near future. This will also encourage market players to try newer plant-based ingredients to launch novel products,” says a Future Market Insights analyst.
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Competitive Landscape
Various market players are adopting different marketing and promotional strategies such as partnerships, collaboration, merger and acquisitions, new product launches and geographical expansion. This is to cater the needs of the consumers and serve accordingly, thus, creating a larger customer base in the next few years.
Explore More Valuable Insights
Future Market Insights, in its new report, offers an impartial analysis of the global vegan caviar market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.
By Form, Global Vegan Caviar Market is segmented as:
- Preserved
- Frozen
- Dried
- Fresh
- Cooked
- Others
By End Use, Global Vegan Caviar Market is segmented as:
- Restaurant
- Household
- Others
By Distribution Channel, Global Vegan Caviar Market is segmented as:
- Direct
- Indirect
- Hypermarkets/Supermarkets
- Specialty Stores
- Independent Retailers
- Online Retailers
By Region, Global Vegan Caviar Market is segmented as:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East & Africa
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