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Salmon Fish Market Trends

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

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Salmon Fish Market Trends

There has been a notable shift towards value-added and processed salmon products, including smoked, marinated, and flavored varieties, catering to the evolving palate of consumers seeking convenient yet gourmet seafood options. This trend is supported by advancements in food processing technology, allowing for the development of innovative salmon-based products that align with modern consumer lifestyles and dietary preferences. Also, there is growing demand for sustainably sourced and responsibly farmed salmon products, driven by increasing environmental consciousness among consumers. As a result, industry players are emphasizing eco-friendly aquaculture practices, such as reduced antibiotic use, waste management, and the adoption of organic feed, to meet the rising demand for ethically produced salmon.

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.