Published on 31 Jan 2024 on Insider Monkey via Yahoo Finance
11 Highest Quality Caviars in the World
In this article, we will list the 11 highest quality caviars in the world. If you want to skip our detailed discussion on the caviar industry, its production in the United States, and future trends, go to 5 Highest Quality Caviars in the World.
While only valued at $377.1 million in 2022, the global caviar market is expected to grow at a compounding average growth rate (CAGR) of 8.5% in the forecast period 2023-2031. It is expected to reach $785.82 million by the end of this period. Caviar is a luxury food product that has several health advantages. The rising awareness of this delicacy and its application in the culinary industry are primary factors driving the market's growth. Caviar is also used in the skincare and cosmetic industries as it is rich in antioxidants. It also contains hydrating components such as omega-3 fatty acids, which help nourish the skin.
Caviar industry was developed in the United States in the late nineteenth century. The first operation was set up by Henry Schacht, a German immigrant, in Penus Grove, New Jersey. The Delaware River had plenty of sturgeon fish, and Schacht's company became the first to distribute roe throughout the world. The United States became the leader of the global caviar industry, as it accounted for 90% of its production in the 19th century. However, as American sturgeon fish was overfished, it almost became extinct in the early twentieth century. The halt in the production of caviar ultimately made it a luxury item that only the rich could afford. Fast forward to today, and while caviar is still one of the most expensive foods in the world, it is much more affordable, thanks to sustainable farming practices. Today, California is the major hub for caviar production, as it accounts for 80% of the produce in the United States. Much of this caviar production in California is concentrated in the Sacramento region, which is also known as the caviar capital of the United States.