Foie Gras Market Report 2024

This Foie Gras market report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.

The foie gras market size has grown strongly in recent years. It will grow from $0.94 billion in 2023 to $1 billion in 2024 at a compound annual growth rate (CAGR) of 6.3%. The increase observed during the historical period can be linked to a rising consumer appetite for luxury foods, the expanding popularity of gourmet and fine dining, and a boost in disposable incomes.

The foie gras market size is expected to see strong growth in the next few years. It will grow to $1.28 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%. The anticipated growth in the forecast period is driven by a heightened interest in upscale culinary experiences, growing awareness of premium food products, increasing global wealth, and the rising impact of food tourism. Key trends during this forecast period include advancements in production methods, an expansion of foie gras product lines, the creation of alternative foie gras options, increased presence of foie gras in gourmet retail markets, and innovations in packaging aimed at enhancing preservation and presentation.

The increasing interest in fine dining experiences is anticipated to drive growth in the foie gras market. Fine dining encompasses upscale restaurants that provide exquisite cuisine, top-notch service, and an elegant atmosphere. This growing demand is fueled by consumers’ desires for unique, luxurious culinary experiences and high-quality food. Foie gras is prized in fine dining for its rich, buttery flavor and luxurious texture, enhancing gourmet dishes to an extraordinary level. For example, a report from Yelp Inc. in June 2023 indicated that the fine dining sector in the U.S. experienced notable growth, with a 10% increase in new business openings from April 2022 to March 2023. Additionally, consumer interest in upscale dining rose by nearly 10% and 17% in 2023. Consequently, the heightened interest in fine dining is set to boost the foie gras market.

Key players in the foie gras market are now prioritizing the development of ethical and sustainable alternatives, including vegan foie gras, which offers a similar taste and texture to traditional foie gras, appealing to a wider audience. Vegan foie gras is a plant-based substitute designed to replicate the flavors and textures of the traditional dish. For instance, in June 2023, Lebanon-based Foody's International introduced a vegan foie gras made from vegetables, legumes, and seasonings, achieving a creamy and rich texture. This product provides a sustainable and ethical choice, steering clear of the controversial practices linked to animal-derived foie gras. It is available in various formats, such as jars and pâté, catering to vegans, vegetarians, and those seeking ethical food options, with contributions from brands such as Foodys, Hello Plant Foods, and Aberyne, highlighting advancements in food technology and a rising demand for humane, environmentally friendly alternatives.

In October 2023, Prime Roots, a U.S.-based meat alternative company, formed a partnership with Fabrique Delices to create and distribute a line of fungi-based koji-pâtés and koji-foie gras aimed at the foodservice industry. A significant aspect of this collaboration is the introduction of California’s first legally approved plant-based foie gras in restaurants, addressing ethical and environmental concerns surrounding traditional foie gras production. Fabrique Delices, a French company, is recognized for its premium charcuterie and specialty meat products, including foie gras.

Major companies operating in the foie gras market are Euralis Holding SA, Labeyrie Fine Foods, D'Artagnan, Pierre Champion, Comtesse Du Barry, Maison Rougié, Gourmey, Lafitte Foie Gras, The Artisan Food Company, Gourmet Food World, Ducs de Gascogne, Delpeyrat, Bernard & Fils, Hudson Valley Foie Gras LLC, Foie Gras Partners, Maison Dubernet, IntegriCulture, Jean Larnaudie SAS, Georges Bruck, Rougié, Agro Top Produits, Maison Papillon.

North America was the largest region in the foie gras market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the foie gras market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the foie gras market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Foie gras is an upscale delicacy derived from the liver of a duck or goose that has been specially fattened, often through the practice of force-feeding. Renowned for its rich, buttery texture, it is regarded as a delicacy within French gastronomy, however, its production raises ethical concerns related to animal welfare. This luxurious ingredient is celebrated for its deep, buttery flavor and velvety consistency, making it a sought-after component in gourmet cuisine.

The primary types of foie gras include foie gras entier, bloc de foie gras, mousse de foie gras, pâté de foie gras, and pâté. Foie gras entier refers to a complete liver, typically sourced from ducks or geese, that is prepared and served without further mixing. It is regarded as the finest quality of foie gras, often enjoyed as an exquisite, unrefined delicacy. The sources of foie gras encompass duck and goose, with preparation methods that include cold and hot techniques, suitable for applications such as direct consumption and in the food processing industry.

The foie gras market research report is one of a series of new reports that provides foie gras market statistics, including foie gras industry global market size, regional shares, competitors with an foie gras market share, detailed foie gras market segments, market trends and opportunities, and any further data you may need to thrive in the foie gras industry. This foie gras market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The foie gras market consists of sales of foie gras ingredients, jarred foie gras, foie gras pâté, terrine, and foie gras-based spreads and sauces. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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