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Black or bright pink in color, Capelin Caviar is the roe from a small variety of fish that is a member of the smelt family. Referred to as "masago" in Japan, Capelin roe is commonly sought for use as a topping in a variety of sushi recipes. Capelin Caviar is typically harvested from fish found in the waters off Canada, Newfoundland, and Iceland. Capelin fish range in size from 7 to 9 inches in length and provide roe that is generally considered as a lower grade Caviar.