IMARC Group, a leading market research company, has recently released report titled “Salmon Market Report by Type (Farmed, Wild Captured), Species (Atlantic, Pink, Chum/Dog, Coho, Sockeye, and Others), End Product Type (Frozen, Fresh, Canned, and Others), Distribution Channel (Foodservice, Retail), and Region 2024-2032”, Offers a comprehensive analysis of the industry, which comprises insights on the global salmon market.
How Big is the Salmon Market?
The global salmon market size reached 3.6 Million Tons in 2023. Looking forward, IMARC Group expects the market to reach 4.8 Million Tons by 2032, exhibiting a growth rate (CAGR) of 3.1% during 2024-2032.
Factors Affecting the Growth of the Salmon Industry:
- Health Benefits and Nutritional Value:
Salmon is widely recognized as a highly nutritious food due to its rich content of omega-3 fatty acids, high-quality protein, vitamins, and minerals. Omega-3 fatty acids, in particular, are associated with various health benefits, including reducing the risk of heart disease, improving brain function, and supporting overall well-being. As consumer awareness about the importance of healthy eating habits increases, the demand for salmon as a healthy protein choice continues to rise. Moreover, salmon is often recommended by healthcare professionals and nutritionists, further driving its popularity among health-conscious consumers.
- Sustainability and Environmental Concerns:
With growing awareness about environmental issues, consumers are increasingly seeking sustainably sourced seafood options. Salmon farming practices have faced scrutiny in the past due to concerns over environmental impact, such as water pollution, habitat degradation, and disease outbreaks. Consequently, there is a growing demand for sustainably farmed or wild-caught salmon that adheres to strict environmental standards and certifications. Companies in the salmon industry are investing in sustainable practices, such as responsible aquaculture techniques, minimizing environmental footprint, and supporting conservation efforts, to meet the demands of eco-conscious consumers.
- Global Demand and Market Expansion:
The global appetite for salmon continues to expand, driven by increasing urbanization, rising disposable incomes, and changing dietary preferences, particularly in emerging markets. As populations grow and economies develop, there is a growing shift toward protein-rich diets, with salmon being a popular choice due to its versatility and perceived health benefits. Additionally, advancements in transportation and cold chain logistics have facilitated the global distribution of salmon, enabling it to reach new markets and consumers worldwide. This increasing demand, coupled with efforts to expand production capacity and improve supply chain efficiency, is fueling the growth of the global salmon market, making it a lucrative industry for producers and suppliers alike.
For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/salmon-market/requestsample
Leading Salmon Companies Operating in the Global Industry:
- Cermaq Group
- Lerøy Seafood Group ASA
- Mowi ASA
- SalMar ASA
Salmon Market Report Segmentation:
By Type:
- Farmed
- Wild Captured
Farmed salmon dominates the market due to its consistent supply, controlled production environment, and ability to meet the increasing demand for salmon globally.
By Species:
- Atlantic
- Pink
- Chum/Dog
- Coho
- Sockeye
- Others
Atlantic holds maximum number of shares due to its widespread availability, extensive aquaculture production, and high consumer demand for its mild flavor and versatile culinary applications.
By End Product Type:
- Frozen
- Fresh
- Canned
- Others
Frozen represents the largest segment due to its ability to preserve the freshness, quality, and flavor of salmon while extending shelf life, making it a convenient and widely accessible option for consumers worldwide.
By Distribution Channel:
- Foodservice
- Retail
Foodservice dominates the market due to the widespread consumption of meals prepared outside the home, including restaurants, cafeterias, and catering services, which collectively drive significant demand for various food products.
Regional Insights:
Based on Production:
Farmed:
- Norway
- Chile
- Scotland
- Canada
- Faroe Islands
- Others
Wild Captured:
- United States
- Russia
- Japan
- Canada
- Others
Norway’s and United States’ dominance in the salmon market is attributed to their extensive aquaculture infrastructure, favorable environmental conditions, and advanced technological capabilities in salmon farming.
Based on Consumption:
- European Union
- Russia
- United States
- Brazil
- Japan
- China
- Others
European Union’s dominance in the salmon market is attributed to its high per capita consumption of seafood, robust distribution networks, and cultural preferences for salmon in various culinary traditions.
Global Salmon Market Trends:
Ongoing innovations in salmon product development, including value-added products such as smoked salmon, salmon burgers, and ready-to-eat meals, are expanding the market reach and catering to diverse consumer preferences. These innovative products offer convenience, flavor variety, and enhanced shelf life, appealing to busy lifestyles and driving consumption across different demographic segments.
Additionally, the liberalization of trade policies and globalization of supply chains have facilitated the international trade of salmon, leading to increased market integration and accessibility. Free trade agreements, reduced tariffs, and streamlined customs procedures have lowered barriers to entry for salmon exporters and expanded market opportunities, driving growth in both domestic and international markets. This globalization trend has also encouraged collaboration and knowledge-sharing among industry players, fostering innovation and efficiency in the salmon value chain.
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
Contact US
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145 | United Kingdom: +44-753-713-2163
Browse Other Research Reports:
Vegan Ice Cream Market Report by Source (Coconut Milk, Soy Milk, Almond Milk, Cashew Milk), Flavor (Chocolate, Caramel, Coconut, Vanilla, Coffee, Fruit), Sales Type (Impulse, Take Home, Artisanal), Distribution Channel (Supermarkets and Hypermarkets, Convenience Stores, Online Stores, and Others), and Region 2024-2032
X-ray Machine Manufacturing Market Report by Product Type (Stationary, Portable), Technology (Analog, Digital), End User (Healthcare, Transportation and Logistics, Government, and Others), and Region 2024-2032
Artificial Intelligence in Life Sciences Market Report by Offering (Software, Hardware, Services), Deployment (On-premises, Cloud-based), Application (Drug Discovery, Medical Diagnosis, Biotechnology, Clinical Trials, Precision and Personalized Medicine, Patient Monitoring), and Region 2024-2032
Automotive Metals Market Report by Product (Aluminum, Steel, Magnesium, and Others), Application (Body Structure, Power Train, Suspension, and Others), End Use (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles), and Region 2024-2032
