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Salmon Fish Market Size

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

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.

 

Salmon Fish Market

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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.

 

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.

Salmon Fish Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 191
  • Countries covered: 21
  • Pages: 210
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