Global Foie Gras Market Overview:
Foie Gras is popular and well-known delicacy in French cuisine, in this the duck or a goose liver is estimated and expected to be used in the cooking process. The liver of these birds is fattened by using force-feeding corn technique, which is fed by using a feeding tube. Foie Gras food item is considered a luxury food product. In Spain, people use the natural feeding technique to make it more delicious to eat. As per the study, it is seen that France has the largest consumption volume of foie gras at 18.3 thousand tones, followed by Spain with 2.4 thousand tonnes. Moreover, the increasing consumption of the foie gras demonstrates the cumulative attractiveness of the foie gras market over the forecast period.
As per latest study released by AMA Research, the Global Foie Gras market is expected to see growth rate of 2.0%Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Rising Trend of Acceptance Foie Gras in Multi- Cuisine Restaurants
Market Growth Drivers:
Increasing Population Coupled with Increasing Preferences for Leisure Dining and Increasing Disposable Income Have led towards Increasing Consumer Spending Luxurious Food Products like Foie Gras
Challenges:
Some Untapped Market in Developing Economies Such as India and China and Increasing Number of People who are Shifting from Non-Vegetarian to Vegetation
Restraints:
Stringent Government Regulation to Protect Birds
Opportunities:
Growing Number of Non-Vegetarian Population in the Middle East, Africa, and Asian Region and Emerging Large Number of Local as Well as International Food Chain
Competitive Landscape:
The key manufacturers are targeting the innovations of the products with better quality, better technical characteristics, and also assist in providing and humanizing the after-sale service to the consumers. The key players are probable to keep a stronghold on the market over the anticipated period. The key players are accepting strategic decisions and are thinking upon mergers and acquisitions in order to maintain their presence in the market
Some of the key players profiled in the report are Hudson Valley (United States), Comtesse Du Barry (Europe), Ducs de Gascogne (Europe), Euralis (Europe), Shandong Sanrougey Fowls Co., Ltd. (China), Jiajia (China) and Agro-Top Produits (Europe). Analyst at AMA Research see Europe Vendors to retain maximum share of Global Foie Gras market by 2030. Considering Market by Distribution Channel, the sub-segment i.e. Supermarket and Hypermarket will boost the Foie Gras market. Considering Market by Preparation Methods, the sub-segment i.e. Cold preparation will boost the Foie Gras market.
Latest Market Insights:
In June 2023, Foodys launched the “First” Vegan Foie Gras Produced at an Industrial Scale in Spain. This launch aims to provide a great product while continuing to respond to the challenges posed by the future of food through innovation and sustainability.
According to Animal rights and welfare activist groups such as the Humane Society of the United States and the Animal Legal Defense Fund contend that foie gras production methods, and force-feeding in particular, consist of cruel and inhumane treatment of animals. Specific complaints include livers swollen to many times their normal size, impaired liver function, expansion of the abdomen making it difficult for birds to walk, death if the force-feeding is continued, and scarring of the esophagus.
What Can be Explored with the Foie Gras Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Foie Gras Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Foie Gras
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Foie Gras market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Foie Gras market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Potential Investors, Food Industries, Restaurants, Hotel and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.