Foie Gras Market size was valued at USD 1168.7 Million in 2020 and is projected to reach USD 1198.8 Million by 2028, growing at a CAGR of 1.8% from 2021 to 2028.
The growth of the Foie Gras market is propelling by continuous novel innovations and the introduction of new advanced technology in the field of electronics. Moreover, significant growth in animal husbandry which includes automated feeders is fueling the market growth of the Foie Gras market. The Global Foie Gras Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
Global Foie Gras Market Definition
Foie Gras simply means fatty liver. It is highly used to make epicure food by force-feeding the corn to the ducks or geese to fattened their liver. This process of force full feeding is done by using feeding tubes known as gavage. Foie Gras is a delicacy food item prepared from duck liver/goose. Ducks and geese are fed for about 15 days to gain weight and are slaughtered after about 100 days. The duck is widely used in the production of foie Gras compared to the goose. Ducks and geese have a thin storage system in their alimentary canal for food supply, which makes them ideal for producing Foie Gras.
Global Foie Gras Market Overview
The growth of the Foie Gras Market is propelling by continuous novel innovations and the introduction of new advanced technology in the field of electronics. Moreover, significant growth in animal husbandry which includes automated feeders is fueling the market growth of the Foie Gras Market. In addition, the advancement and incorporation of production houses are driving the market growth. Also, the rapidly increasing consumption rate with recurring demands is boosting the market growth. European Countries have always been dominant in the Foie Gras market over years and are likely to continue the trend in years to come. France is the largest producer of Foie Gras and alone contributes over 65% to the global market.
The major factors that fuel the growth of the market are the increasing population of emigrants, demand for the quality tasty food. The other important factors fueling the growth of the market are expandable income and an increasing number non-vegetarian population. However, the artificial production of fatty livers for foie gras raises the serious issue of animal welfare and thereby hinders the growth of the market.
Global Foie Gras Market: Segmentation Analysis
The Global Foie Gras Market is segmented based on Product Type, Application, and Geography.
Foie Gras Market, By Product Type
- Goose Liver
• Duck Liver
Based on the Product Type, The Market is bifurcated into Goose Liver and Duck Liver. Duck Liver dominated the global market in this segment in 2019 and is expected to continue the trend in the forecast period. Duck Liver is considered the best for Foie Gras.
Foie Gras Market, By Application
- Direct Consumption
• Food Processing Industry
Based on Application, The Market is bifurcated into Direct Consumption and Food Processing Industry. Direct Consumption is the largest contributor to the global market in 2019 in this segment and is very likely to continue the trend in the forecast period.
Foie Gras Market, By Geography
- North America
• Asia Pacific
• Rest of the World
Based on regional analysis, the Global Foie Gras Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. The European region dominated the global market in 2019 and is expected to continue the trend in the forecast period. It is followed by North America and the Asia Pacific region, which are expected to grow at a rapid pace in the forecast period owing to rapid urbanization and industrialization with an increased consumption rate and increased per capita income.
The “Global Foie Gras Market” study report will provide a valuable insight with an emphasis on the global market including some of the major players such as Comtesse du Barry, Ducs de Gascogne, EURALIS Holding, SA, Agro Top Produits, AVIS, Sanrougey, Jiajia Food Group Co, Ltd and Hudson Valley. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
|UNIT||Value (USD Million)|
|KEY COMPANIES PROFILED||Comtesse du Barry, Ducs de Gascogne, EURALIS Holding, SA, Agro Top Produits, AVIS, Sanrougey, Jiajia Food Group Co, Ltd and Hudson Valley.|