Salmon Market

Salmon Market by Types (Chinook Salmon, Coho Salmon, Pink Salmon, Red Salmon, Silverbrite Salmon, and Salmo Salar), End Products (Fresh Salmon, Frozen Salmon, Canned Salmon, and Others), and Distribution Channels (Retail Stores, Supermarkets/Hypermarkets, and Online Sales Channels), and Regions (Asia Pacific, North America, Europe, Latin America, and Middle East & Africa) Forecasts, 2021-2028

  • Report ID: FB-3099
  • Author: Growth Market Reports
  • Rating: 4.2
  • Total Reviews: 57
  • No. Of Pages: 200
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The global salmon market is anticipated to expand at CAGR of 3.8% during the forecast period, between 2021 and 2028. Salmon refers to an oily fish which is rich in protein and omega 3 fatty acids. It is a common name for a certain species of ray finned fish in the family of Salmonidae. Various varieties of salmon are available in the market including chinook, coho, pink salmon, and red salmon. Typically, salmon hatch in fresh water and then migrate to the ocean, returning to the fresh water for reproduction.

Salmon Market

Market Trends, Drivers, Restraints, and Opportunities:

  • Increasing demand for salmon owing to the health benefits such as preventing heart diseases, maintenance of body mass index, and growth & development of bones is a major driver of the market.
  • Sedentary lifestyle habits of consumers and rising disposable income is estimated to positively impacting the market growth.
  • Rising consumer preference towards the consumption of seafood is driving the growth of the market.
  • The attack on salmon by sea lice, algae, and other diseases can hamper the quality of salmon, which serves as a restraint to the market.
  • The adoption of salmon in various recipes for taste and health benefits and the addition of salmon in ready to eat food items are factors that are expected to provide lucrative opportunities for the market growth.
  • Rising demand for frozen and canned salmon owing to the rising working population which can subsequently increase the market growth.

Scope of the report:

The report on the global salmon market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.

Attributes

Details

Report Title

Salmon Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast

Base Year

2020

Historic Data

2018 & 2019

Forecast Period

2021–2028

Segmentation

Types (Chinook Salmon, Coho Salmon, Pink Salmon, Red Salmon, Silverbrite Salmon, and Salmo Salar), End Products (Fresh Salmon, Frozen Salmon, Canned Salmon, and Others), and Distribution Channels (Retail Stores, Supermarkets/Hypermarkets, and Online Sales Channels)

Regional Scope

Asia Pacific, North America, Europe, Latin America, and Middle East & Africa

Report Coverage

Market scope, analysis, share, competitive analysis, growth facts, restraints, opportunities, and revenue forecast

Salmon Market Segment Insights:

Lower fat content drives the pink salmon segment

Based on types, the salmon market can be segmented into chinook salmon, coho salmon, pink salmon, red salmon, silverbrite salmon, and Salmo salar. The pink salmon segment is estimated to register a robust CAGR during the forecast period as pink salmon has a lower fat content as compared toother types of salmon fish. High consumer preference owing to the rich proteins content primarily drives the segment growth. increasing consumer awareness about the health benefits offered by pink salmon such as maintenance and repair of body cells along with better growth and development of the body drives the pink salmon segment.

Salmon Market

Fresh salmon segment to gain momentum in the coming years

On the basis of end products, the market can be classified into fresh, frozen, canned, and others. High consumer preference toward the fresh salmon segment has resulted in the fresh segment growth. The purchase and consumption of freshly harvested salmon ensures no added preservatives, chemicals, or dyes that eliminates health threats. Fresh salmon requires immediate consumption as it can lose its nutritional value over time. The frozen salmon segment is projected to expand at a high growth rate due to the consumption of salmon in frozen and ready to eat food products. The hectic lifestyle of people owing to the increasing workforce has compelled the growth of the frozen segment.

Retail stores segment to grow at a robust pace during the forecast period

Based on distribution channels, the market can be categorized into retail stores, hypermarkets/supermarkets, and online sales channels. The retail stores segment is anticipated to grow significantly in the coming years due to the large establishment of infrastructure of hypermarket and retail stores, which ensure proper facilities for storage of salmon, both fresh and canned. Moreover, consumers can easily and instantly buy the products without waiting for product delivery.

Salmon Market

Europe is likely to dominate the market

In terms of regions, the global salmon market can be categorized as North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Asia Pacific accounted for a large share of the market in 2019 and is projected to dominate the market during the forecast period owing to population growth, urbanization, and high consumption of salmon due to its nutritional value. However, the market of North America is anticipated to grow significantly during the projected period due to rising demand for salmon for preparation of various authentic recipes.

Salmon Market

Segments

By Types

  • Chinook Salmon
  • Coho Salmon
  • Pink Salmon
  • Red Salmon
  • Silverbrite Salmon
  • Salmo Salar

By End Products

  • Fresh Salmon
  • Frozen Salmon
  • Canned Salmon
  • Others

By Distribution Channels

  • Retail Stores
  • Supermarkets/Hypermarkets
  • Online Sales Channels

By Regions

  • North America
  • Europe
  • Latin America
  • Asia Pacific
  • Middle East & Africa

Competitive Landscape

Key players in the global salmon market include Cremaq Group ASA, Leroy Seafood Group ASA, Mowi ASA, SalMar ASA, Bakkafrost, Greig Seafood, Blumar, Salmones Camanchaca, Nova Sea, Alsaker Fjordbruk, Nordlaks, Cooke Aquaculture, Multiexport, Australis Seafoods, Alsaker Fjordbruk, and AquaChile. These players are widely engaged in various business development strategies including mergers & acquisitions, collaborations, agreements, and partnerships to strengthen their geographical presence and expand their consumer base globally.

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Salmon Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Salmon Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Salmon Market - Supply Chain
  4.5. Global Salmon Market Forecast
     4.5.1. Salmon Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Salmon Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Salmon Market Absolute $ Opportunity
5. Global Salmon Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Salmon Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Salmon Demand Share Forecast, 2019-2026
6. North America Salmon Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Salmon Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Salmon Demand Share Forecast, 2019-2026
7. Latin America Salmon Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Salmon Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Salmon Demand Share Forecast, 2019-2026
8. Europe Salmon Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Salmon Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Salmon Demand Share Forecast, 2019-2026
9. Asia Pacific Salmon Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Salmon Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Salmon Demand Share Forecast, 2019-2026
10. Middle East & Africa Salmon Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Salmon Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Salmon Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Salmon Market: Market Share Analysis
  11.2. Salmon Distributors and Customers
  11.3. Salmon Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)

By Types

  • Chinook Salmon
  • Coho Salmon
  • Pink Salmon
  • Red Salmon
  • Silverbrite Salmon
  • Salmo Salar

By End Products

  • Fresh Salmon
  • Frozen Salmon
  • Canned Salmon
  • Others

By Distribution Channels

  • Retail Stores
  • Supermarkets/Hypermarkets
  • Online Sales Channels

By Regions

  • North America
  • Europe
  • Latin America
  • Asia Pacific
  • Middle East & Africa

Key players in the global salmon market include Cremaq Group ASA, Leroy Seafood Group ASA, Mowi ASA, SalMar ASA, Bakkafrost, Greig Seafood, Blumar, Salmones Camanchaca, Nova Sea, Alsaker Fjordbruk, Nordlaks, Cooke Aquaculture, Multiexport, Australis Seafoods, Alsaker Fjordbruk, and AquaChile. These players are widely engaged in various business development strategies including mergers & acquisitions, collaborations, agreements, and partnerships to strengthen their geographical presence and expand their consumer base globally.

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