Market Overview:

Salmon Fish Market Size Was Valued at USD 16.16 Billion in 2022, and is Projected to Reach USD 31.50 Billion by 2030, Growing at a CAGR of 8.7% From 2023-2030.

Salmon, a type of oily fish belonging to the salmonoid family, is considered a functional food due to its high protein content and essential nutrients. The global market for salmon fish is expected to witness substantial growth due to its numerous health benefits, including blood pressure reduction, improved cellular function, anti-inflammatory properties, and reduced cancer risk. Factors such as population growth, the rise of fast-casual restaurants, the booming tourism industry, and growing healthcare awareness contribute to the significant demand for salmon worldwide. Moreover, emerging trends like salmon harvesting projects, rising demand for smoked salmon, the surge in online food orders, and technological advancements are expected to further drive the growth of the salmon fish market in the foreseeable future.

Top Key Players Covered In The Global Salmon Fish Market:

• Cremaq Group ASA (Norway)
• Leroy Seafood Group ASA (Norway)
• SalMar ASA (Norway)
• Blumar(Chile)
• Salmones Camanchaca (Chile)
• Nova Sea (Norway)
• Multiexport(Chile)
• Australis Seafoods (Chile)
• AquaChile (Chile)
• Seatrade (Belgium)
• Atlantic Capes Fisheries Inc (Cape May)
• Atalanta Corporation (US)
• Ideal Foods Ltd (UK)
• Sea Delight (Spain), and other major players.

Market Dynamics and Factors:         

The global salmon fish market is experiencing significant growth due to several factors. The increasing demand for healthy food and the rising prevalence of chronic conditions are driving the market expansion. Factors such as population growth, improving literacy levels, and technological advancements contribute to the growing demand for salmon fish and its products. Consumers are actively seeking healthier and hygienic food options, leading to a shift towards protein-rich foods like salmon. Additionally, with changing lifestyles and irregular healthcare checkups, the incidence of chronic diseases such as heart disease, obesity, and hypertension is on the rise. As a result, consumers are opting for nutrient-dense and vitamin-rich foods like salmon, which positively impacts the global salmon market.

The increasing health consciousness and the rising prevalence of obesity have led consumers to prioritize protein-rich foods in their diets. This presents an attractive opportunity for manufacturers, prompting major players to incorporate salmon into a variety of food items such as patties, pasta, burgers, and more. To cater to the growing demand for salmon, manufacturers have introduced a range of salmon products including salmon oil, frozen salmon, smoked salmon, salmon spreads, and canned salmon, targeting a wide consumer base. Furthermore, the busy lifestyles of individuals have fueled the growth of ready-to-eat food products, further contributing to the popularity of salmon-based options in the market.

The Global Salmon Fish Market Report Highlight:

• By type, the pink salmon fish segment is expected to be the key driver of growth in the Global Salmon Fish Market. Pink salmon offers 64% of its calories from protein and it also supplies 245% of the RDA for vitamin B-12.
• By End Product Type, the Freshly Consumed segment is expected to be the key driver of growth in the Global Salmon Fish Market. Consuming fresh salmon fishes ensures that there is no such intake of added preservatives, chemicals, or dyes.
• By Distribution Channel, the Retail Segment is expected to drive the growth of the Global Salmon Fish Market. Retail stores allow customers to see products quite closely than those online stores.
• The Asia-Pacific region is anticipated to have the highest share of the Global Salmon Fish Market over the forecasted period. salmon fish is also vital for child growth and development and is used widely in various parts of the Asia Pacific region which further drives the market growth.

Key Industry Development:

In December 2020, Agrosuper's Empresas AquaChile has begun direct Atlantic salmon shipments from Puerto Natales to the US city of Los Angeles, the first for the Chilean city's airport. The recent flight carried 2,000 kilograms of fresh salmon and bypassed the normal process of sending the fish via road through the Chilean cities of Puerto Montt and Santiago.

The Global Salmon Fish Market Segmentation:

By Type

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

By End Product type

• Fresh
• Frozen
• Canned

By Distribution Channel

• Retail stores
• Supermarkets/ Hypermarkets
• Online sales channel

For this report, Introspective Market Research has segmented the Global Salmon Fish Market based on region:

Regional Outlook (Revenue in USD Million; Volume in Units, 2023-2030)

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe

• Germany
• UK
• France
• Italy
• Russia
• Spain
• Rest Of Europe

• Asia Pacific

• China
• India
• Japan
• Singapore
• Australia
• New-Zealand
• Rest of APAC

• Middle East & Africa

• Turkey
• Saudi Arabia
• Qatar
• UAE
• Israel
• South Africa

• South America
  • Brazil
  • Argentina
  • Rest of SA