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Report Overview
The global salmon market size reached a volume of about 4.50 Million Tons in 2024. The salmon market is further expected to increase at a CAGR of 3.80% between 2025 and 2034 to reach a volume of about 6.53 Million Tons by 2034.
2024
Base Year
2018-2024
Historical Year
2025-2034
Forecast Year
Compound Annual Growth Rate
Value in Million Tons
3.8%
2025-2034
Salmon Market Outlook
*this image is indicative*
On the basis of production, farmed salmon are primarily raised in Norway, followed by Chile, Scotland, Canada, and the Faroe Islands. The United States is the largest wild salmon catch area, followed by Russia, Japan, and Canada. The European Union, the United States, Russia, China, Brazil, and Japan are significant consumption regions of the product. The European Union accounts for the largest share of the overall salmon market.
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Purchase the Regional Overview for
USD 1099
If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.
Purchase the Regional Overview for
USD 1099
If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.
Purchase the Regional Overview for
USD 1099
If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.
Market Segmentation
Salmon is a genus of ray-finned fish associated with the Salmonidae family found in the North Atlantic and Pacific Oceans. Salmon is commonly used in the world because it is high in calcium, iodine, vitamin D, vitamin B3, zinc, phosphorus, and omega-3 fatty acids. Because it is known to be one of the main sources of eicosapentaenoic acid (EPA) and docosahexaenoic acid (DHA), its intake provides several health benefits, like helping to minimise inflammation, reduce the risk of cancer, lower blood pressure, and improve the function of the cells lining the arteries. Salmon is an important part of the preparation of a wide variety of meals, including sushi, salads, tartar, burgers, and pasta.
Market Breakup by Type:
- Farmed
- Wild Captured
Market Breakup by Species:
- Atlantic
- Pink
- Chum/Dog
- Coho
- Sockeye
- Others
Market Breakup by End Product:
- Frozen
- Fresh
- Canned
- Others
Market Breakup by Distribution Channel:
- Foodservice
- Retail
- Others
Market Breakup by Region:
- Producing Countries
- Farmed
- Norway
- Chile
- Scotland
- Canada
- Faroe Islands
- Others
- Wild Captured
- United States
- Russia
- Japan
- Canada
- Others
- Farmed
- Consuming Countries
- European Union
- Russia
- United States
- Brazil
- Japan
- China
- Others
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Market Analysis
There has been a change in individual patterns of consumption due to multiple factors, such as sedentary lifestyle preferences, growing income rates, increasing prevalence of chronic conditions, and increasing knowledge of health and wellness. People concentrate on removing or reducing carbohydrate-charged food products from their everyday diet and increasing the intake of protein-rich food products. As a consequence, salmon are frequently used in the making of pasta, salads, burgers, tartar sauces, and other dishes typically eaten as part of their daily diet. In addition, a range of value-added items are launched by producers, like canned, frozen, smoked, and suckling salmon, along with salmon oil, lox, and spreads. The growing working population, in combination with busy schedules for individuals, is increasing the sales of ready-to-eat (RTE) and easy-to-cook food items. Consistent with this, compact packaging and easy availability of frozen and canned salmon are expected to fuel the demand growth of the salmon market in the coming years.
Competitive Landscape
The report gives a detailed analysis of the following key players in the global salmon market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Cermaq Group AS
- Lerøy Seafood Group
- Mowi ASA
- SalMar ASA
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2024, the global salmon market reached a volume of nearly 4.50 Million Tons.
In the forecast period of 2025-2034, the market is projected to grow at a CAGR of 3.80%.
By 2034, the market is estimated to attain a value of almost 6.53 Million Tons.
The rising health consciousness, the increasing disposable incomes, the easy availability of canned and frozen variants of salmon are the major market drivers.
The launch of value-added items by producers, like canned salmon, frozen, smoked, and suckling salmon, along with salmon oil, lox, and spreads, is a major trend driving the growth of the salmon market.
The major farmed salmon producing countries are Norway, Chile, Scotland, Canada, and Faroe Islands, among others, whereas the major wild captured salmon producing countries are the United States, Russia, Japan, and Canada, among others.
The European Union, Russia, the United States, Brazil, Japan, and China, among others, are the leading salmon consuming countries globally.
The major types of salmon in the market are farmed and wild captured.
The significant species of salmon considered in the market report include Atlantic, Pink, Chum/Dog, Coho, and Sockeye, among others.
The major end products of salmon include frozen, fresh, and canned, among others.
The several distribution channels in the market are foodservice and retail, among others.
The leading players in the market are Cermaq Group AS, Lerøy Seafood Group, Mowi ASA, and SalMar ASA, among others.
Report Summary
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2024 |
| Historical Period | 2018-2024 |
| Forecast Period | 2025-2034 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Type |
|
| Breakup by Species |
|
| Breakup by End Product |
|
| Breakup by Distribution Channel |
|
|
Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
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