The caviar and caviar substitutes market in France experienced a slight decline from 2013 to 2023, dropping from 1.85 million kilograms in 2013 to 1.67 million kilograms in 2023. The historical data reveals fluctuations with an annual decrease averaging around -2.57% over the last two years, while showing a relatively stable five-year CAGR of 0.28%. Beginning from a low in 2019, the market showed recovery in 2021 with an 11.02% year-on-year increase before gradually declining again in subsequent years.
Looking ahead, the forecast indicates a continuous decline with a five-year CAGR of -2.19%, resulting in a projected market size of 1.459 million kilograms by 2028. This represents an overall decrease of approximately -10.48% over the forecasted period.
Future trends to watch for include potential disruptions due to sustainability concerns, regulatory changes, and shifts in consumer preferences towards luxury food alternatives or plant-based substitutes. The influence of economic factors and developments in aquaculture technologies will also be significant in shaping market dynamics.
