1. Market Research
  2. > Food Market Trends
  3. > Luxury Food

Luxury Food Market Research Reports: Industry Trends & Statistics

  • Currently 4/5 Stars.
  • 1
  • 2
  • 3
  • 4
  • 5
13 votes

Topics under Luxury Food

Global Luxury Food Industry

The global luxury food industry involves the elaborate preparation and presentation of gourmet food, which is made of high-quality premium ingredients. The global gourmet market has seen demand rise due to rising levels of disposable income, consumer awareness of the importance of nutrition, and the globalization of taste.

Key Luxury Food Market Segments

Trufflesare widely used in the culinary world, known for their strong aroma and unmistakable flavor. Truffles are all the more valuable because of their brief season. Black truffles are usually associated more with France, while Italy is recognized for its white truffles.

Smoked Salmonis an increasingly popular luxury food, appealing to consumers for its versatility. Smoked salmon usually comes from a fillet, which is first cured before being smoked hot or cold. This delicacy is used in a wide array of food servings including salads, pasta dishes and as canapés.

Foie Gras is made from the liver of a specially fattened goose or duck. This French delicacy is popular for its buttery, rich taste and is sold on its own or in preparations such as pâtés, parfaits and mousses. One obstacle to growth in this market segment concerns consumer attitudes towards force feeding animals. Some countries do not legally allow force feeding of animals or sale of foie gras.

Caviar is a high-priced luxury sea product that remained relatively untouched by the economic crisis, reports International Aquatic Research. Every year, caviar demand reaches around 1,200 tons, with supply falling far short of this at around 180 tons. Caviar prices begin at around $300 per kilogram in North America, and closer to $800 in the EU, while even retailing as high as $2,600 in places. The fast pace of China’s sturgeon aquaculture industry development gives rise to better domestic management techniques for caviar processing and sturgeon farming. Worldwide, around 90% of caviar comes from the Caspian Sea. Overall, the farmed caviar market is expected to replace the wild caviar market as the production of caviar from wild sturgeon falls and the quantity of caviar from farmed sturgeons continues to climb. Aquaculture production will dictate the caviar trade to a large extent, and there is likely to be less and less wild sturgeon products available on the global market. Iran is the number-one exporter and producer of caviar in the world, with exports exceeding 300 metric tons each year. Russia is the world’s second-largest caviar producer, with Italy rising as an important farmed caviar producer.

Luxury Food Regional Market Share

According to the Department of Agriculture and Food Systems of Melbourne University in Australia, the country’s truffle market is in its initial phase. Many Australian truffle growers are small-scale operations. Production in already planted areas is rising by around 40% yearly, to meet demand for exports. Moving forward, supply chain relationships and quality assurance will prove key for the Australian truffle producing industry. Australia exports its produce to the EU, Asia and the Americas.

Read more ยป

Share

You might be interested in these related markets:

24/7 Customer Support

Talk to Sam

+33 4 37 65 17 06

1-10 of about 600 reports

Luxury Food Supply in France

  • January 2015
    7 pages
  • Luxury Food  

  • France  

View report >

Luxury Food Industry in the UK

  • January 2017
    7 pages
  • Luxury Food  

  • United Kingdom  

View report >

Luxury Food Industry in Australia

  • January 2016
    6 pages
  • Food Ingredient  

    Gelatin  

  • Australia  

    United States  

View report >

Seafood Trade in the US

  • July 2017
    2 pages
  • Lobster  

  • United States  

    Europe  

    Canada  

View report >

Fish Farming Supply in Fiji

  • June 2017
    14 pages
  • Fish Farming  

    Oyster  

  • Fiji  

    Australia  

    Oceania  

View report >

Fish Farming Industry in Australia

  • June 2017
    47 pages
  • Fish Farming  

    Lobster  

  • Australia  

View report >

Oyster Industry in the US

  • June 2017
    82 pages
  • Shellfish  

    Oyster  

  • United States  

    North America  

View report >

Oyster Markets in the US

  • June 2017
    34 pages
  • Shellfish  

    Oyster  

    Environment  

  • United States  

View report >

Shellfish Industry in the US - Forecast

  • May 2017
    6 pages
  • Shellfish  

    Fish Farming  

    Oyster  

  • United States  

View report >

Oyster Trade in the US

  • May 2017
  • Shellfish  

    Fish  

    Oyster  

  • United States  

View report >

Search in Luxury Food Industry (About 600 reports)
Parent industry: Food
Related industries: Organic Food, Packaged Food, Food Policy, Processed Food

3 reports

Purchase Reports From Reputable Market Research Publishers

Indian Gourmet Popcorn Market Outlook 2022

  • € 273
  • Industry report
  • February 2017
  • by RNCOS

The Indian gourmet popcorn market is witnessing an astonishing growth, as there has been a shift towards munching healthier snack. The concept of having healthy gourmet popcorn that is served fresh ove ...

The 2016 World Market Forecasts For Imported Oysters

June 2015 € 386

The 2016 World Forecasts Of Oysters Export Supplies

June 2015 € 386

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.