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Salmon Fish Market Size

Report ID: GMI7163
Published Date: Oct 2023
Report Format: PDF

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Salmon Fish Market Size

Salmon Fish Market was valued at USD 17.3 billion in 2023 and is anticipated to grow at over 8.6% CAGR from 2024 to 2032.

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The salmon fish industry faces a myriad of challenges that pose significant threats to its sustainability and growth. One prominent challenge is the increasing adoption of vegan and vegetarian diets. As more consumers shift towards plant-based lifestyles, there is a potential reduction in the demand for salmon and other seafood products, which could impact the market's profitability and long-term viability. Additionally, overfishing remains a critical concern, leading to the depletion of wild salmon populations and posing a threat to marine ecosystems. Stricter regulations and sustainable fishing practices are essential to mitigate the adverse effects of overfishing and ensure the preservation of wild salmon stocks.

Salmon Fish Market Report Attributes
Report Attribute	Details
Base Year:	2023
Salmon Fish Market Size in 2023:	USD 17.32 Billion
Forecast Period:	2024 to 2032
Forecast Period 2024 to 2032 CAGR:	8.6%
2032 Value Projection:	USD 35.5 Billion
Historical Data for:	2018 - 2023
No. of Pages:	210
Tables, Charts & Figures:	191
Segments covered:	Species, Form, Distribution Channel
Growth Drivers:	Growing popularity of sushi and other Japanese cuisine Rising demand for healthy and nutritious food
Pitfalls & Challenges:	Overfishing Trend of adopting vegan food

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Authors: Kiran Pulidindi, Manish Mohanan

Frequently Asked Questions (FAQ) :

The market size of salmon fish was worth USD 17.3 billion in 2023 and is estimated to reach USD 35.5 billion by 2032, driven by the strong presence of high content of omega-3 fatty acids and essential nutrients.

The supermarkets and hypermarkets distribution channel segment will hold significant share of the salmon fish market by 2032, owing to wide availability of fresh, frozen, and processed salmon for catering to diverse consumer preferences and culinary needs.

Salmon fish market in North America was exceeded USD 5.57 billion in 2022 and is anticipated to expand at significant pace from 2023 to 2032, due to the increasing consumer awareness of the health benefits.

Some of the prominent salmon fish companies are Salmar ASA, Cermaq, Mowi ASA, Bakkafrost, SEA DELIGHT GROUP, Nordlaks Produkter AS, Atlantic Sapphire, and Ideal Foods Ltd.