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Salmon Fish Market by Species (Atlantic Salmon, Pacific salmon), by Form (Fresh, Frozen, Smoked, Canned, Other), by Distribution Channel (Supermarkets and Hypermarkets, Convenience Stores, Online Retail, Others), by North America (U.S., Canada), by Europe (Germany, UK, France, Spain, Italy), by Asia Pacific (China, Japan, India, Australia, South Korea, Indonesia, Malaysia), by Latin America (Brazil, Mexico, Argentina), by Middle East & Africa (South Africa, Saudi Arabia, UAE, Egypt) Forecast 2025-2033
The size of the Salmon Fish Market was valued at USD 17.32 Billion in 2024 and is projected to reach USD 30.86 Billion by 2033, with an expected CAGR of 8.6% during the forecast period. The Salmon Fish Market focuses on the production, processing, and distribution of salmon, a well-liked and nutritious fish celebrated for its abundant omega-3 fatty acids, top-notch protein, and health advantages. Salmon is eaten in different varieties, such as fresh, frozen, smoked, and canned, and is commonly utilized in recipes like sushi, salads, and main courses. The market is propelled by growing consumer knowledge about the health advantages of salmon, especially regarding heart health and general wellness. With the increasing demand for foods high in protein and nutrients, the global popularity of salmon keeps ascending. Aquaculture is crucial for supplying farmed salmon, as advancements in sustainable farming methods contribute to fulfilling the rising demand while tackling environmental issues. The market is further bolstered by the increase in seafood consumption in developing economies and the growth of the foodservice sector. Notwithstanding difficulties associated with price changes, sustainability concerns, and environmental effects, the Salmon Fish Market is projected to experience steady growth, fueled by health-minded consumers and progress in sustainable aquaculture.
The market industry is fragmented, with a number of key players. The market is characterized by innovation, with companies investing heavily in research and development to improve salmon farming practices and develop new products. Regulations play a significant role in the market, particularly with regards to environmental and animal welfare standards. End user concentration is high, with restaurants, supermarkets, and food processors being the primary customers. The level of M&A in the market is moderate, with several acquisitions and mergers taking place in recent years.
Consumers are increasingly demanding sustainably sourced and traceable seafood. Salmon producers are responding by investing in eco-friendly farming practices and implementing traceability systems.
The market is experiencing a growing demand for value-added salmon products such as smoked, marinated, and ready-to-eat meals. These products offer convenience and cater to consumer demand for variety and flavor.
Online retail is emerging as a significant sales channel for salmon products. Consumers are increasingly purchasing salmon and other seafood online due to convenience and access to a wider variety of products.
Atlantic salmon is the most widely consumed salmon species. It is known for its high nutritional value and versatility.
Pacific salmon is considered a premium salmon species. It is typically caught wild and has a higher fat content than Atlantic salmon.
Fresh salmon is the most popular form, accounting for over half of the market. Frozen, smoked, and canned salmon are other important segments.
Supermarkets and hypermarkets are the leading distribution channel. Convenience stores and online retailers are also gaining market share.
The global salmon fish market was valued at 17.32 Billion in 2022 and is projected to reach 30.50 Billion by 2029.
The top players in the salmon fish market include Mowi ASA, Cermaq Group, Salmar ASA, and Lerøy Seafood Group.
The market is expected to grow at a CAGR of 8.6% from 2023 to 2029.
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
Aspects | Details |
---|---|
Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of 8.6% from 2019-2033 |
Segmentation |
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Note* : In applicable scenarios
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