Product Code: PM2993
The global salmon fish market size is expected to reach USD 35.50 billion by 2032, according to a new study by Polaris Market Research. The report "Salmon Fish Market Share, Size, Trends, Industry Analysis Report, By Species (Atlantic/Aquaculture and Pacific); By Form; By Region; Segment Forecast, 2023 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
With the rise in health consciousness and continuously growing obesity among the global population, consumers are becoming highly focused on adding nutritional-rich food products to their daily diets, which results in high demand for salmon fish around the world. In the last few years, there have been numerous technological advancements and innovations in the production and farming techniques that are being undertaken by key market companies along with the growing surge and emergence of various online channels for the purchase of ready-to-eat salmon products is contributing to the market growth positively.
For instance, a wide range of Japanese companies is heavily focusing on the development of high-tech solutions to solve problems, that are being faced in fishing and aquaculture with the help of using artificial intelligence, robots, and many others. As of now, Blue Ocean Research Institute, based in Saitama Prefecture, said it has developed a buoy system that helps to monitor environmental information like water quality, flow, and ocean weather in real-time.
Furthermore, Chile and Norway's salmon farming industry has achieved very prospective results, as production costs have declined, biological conditions at farms have significantly improved, and reflected in comparatively higher harvests. This is mainly fueling the efforts for the development of new approaches to farming, especially on closed containment technologies at both land and sea. Additionally, various new aquaculture operations are being set up in a large number of geographical countries like Iceland, China, and the Russian Federation which is likely to augment the salmon supply and demand over the coming years.
According to the U.S. Department of Agriculture, salmon is Chile's largest food and agricultural export and second largest in the total export sector after copper with export of 615,000 metric tons worth about USD 4.8 billion last year. Chile's salmon production is growing rapidly at a rate of over 10.4% and is likely to grow further soon.
Salmon Fish Market Report Highlights
- Atlantic species segment accounted for a major market share in 2022 due to rapid growth in consumer awareness towards healthier and nutritionally rich products and the adoption of advanced technologies in salmon farming.
- Fresh form segment held the maximum market share in terms of revenue which is accelerated by growth in import and export activities of fresh salmon among key countries.
- Asia Pacific region is anticipated to grow at the fastest rate during the anticipated period on account of the high consumer base and rapid improvement in transport infrastructure in the region.
- The global key market players include: SEA DELIGHT GROUP, Atlantic Sapphire, Cermaq Group, Grieg Seafood, Idea Food Ltd., and Nova Sea.
Polaris Market Research has segmented the salmon fish market report based on species, form, and region:
Salmon Fish, Species Outlook (Revenue - USD Billion, 2019 - 2032)
- Atlantic/Aquaculture
- Pacific
Salmon Fish, Form Outlook (Revenue - USD Billion, 2019 - 2032)
Salmon Fish, Regional Outlook (Revenue - USD Billion, 2019 - 2032)
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Netherlands
- Asia Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Malaysia
- Middle East & Africa
- UAE
- Saudi Arabia
- Israel
- South Africa
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
3. Research Methodology
- 3.1. Overview
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global Salmon Fish Market Insights
- 4.1. Salmon Fish Market - Industry Snapshot
- 4.2. Salmon Fish Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Increasing demand for healthy and nutritional food
- 4.2.1.2. Growing demand for ready-to-eat salads
- 4.2.2. Restraints and Challenges
- 4.2.2.1. Growing carbon dioxide emissions and an outbreak of salmon-induced disease
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTLE Analysis
- 4.5. Salmon Fish Industry trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. Global Salmon Fish Market, by Species
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Salmon Fish, by Species, 2019-2032 (USD Billion)
- 5.3. Atlantic/Aquaculture
- 5.3.1. Global Salmon Fish Market, by Atlantic/Aquaculture, by Region, 2019-2032 (USD Billion)
- 5.4. Pacific
- 5.4.1. Global Salmon Fish Market, by Pacific, by Region, 2019-2032 (USD Billion)
6. Global Salmon Fish Market, by Form
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Salmon Fish Market, by Form, 2019-2032 (USD Billion)
- 6.3. Fresh
- 6.3.1. Global Salmon Fish Market, by Fresh, by Region, 2019-2032 (USD Billion)
- 6.4. Frozen
- 6.4.1. Global Salmon Fish Market, by Frozen, by Region, 2019-2032 (USD Billion)
- 6.5. Others
- 6.5.1. Global Salmon Fish Market, by Others, by Region, 2019-2032 (USD Billion)
7. Global Salmon Fish Market, by Geography
- 7.1. Key findings
- 7.2. Introduction
- 7.2.1. Salmon Fish Market Assessment, By Geography, 2019-2032 (USD Billion)
- 7.3. Salmon Fish Market - North America
- 7.3.1. North America: Salmon Fish Market, by Form, 2019-2032 (USD Billion)
- 7.3.2. North America: Salmon Fish Market, by Species, 2019-2032 (USD Billion)
- 7.3.3. Salmon Fish Market - U.S.
- 7.3.3.1. U.S.: Salmon Fish Market, by Form, 2019-2032 (USD Billion)
- 7.3.3.2. U.S.: Salmon Fish Market, by Species, 2019-2032 (USD Billion)
- 7.3.4. Salmon Fish Market - Canada
- 7.3.4.1. Canada: Salmon Fish Market, by Form, 2019-2032 (USD Billion)
- 7.3.4.2. Canada: Salmon Fish Market, by Species, 2019-2032 (USD Billion)
- 7.4. Salmon Fish Market - Europe
- 7.4.1. Europe: Salmon Fish Market, by Form, 2019-2032 (USD Billion)
- 7.4.2. Europe: Salmon Fish Market, by Species, 2019-2032 (USD Billion)
- 7.4.3. Salmon Fish Market - UK
- 7.4.3.1. UK: Salmon Fish Market, by Form, 2019-2032 (USD Billion)
- 7.4.3.2. UK: Salmon Fish Market, by Species, 2019-2032 (USD Billion)
- 7.4.4. Salmon Fish Market - France
- 7.4.4.1. France: Salmon Fish Market, by Form, 2019-2032 (USD Billion)
- 7.4.4.2. France: Salmon Fish Market, by Species, 2019-2032 (USD Billion)
- 7.4.5. Salmon Fish Market - Germany
- 7.4.5.1. Germany: Salmon Fish Market, by Form, 2019-2032 (USD Billion)
- 7.4.5.2. Germany: Salmon Fish Market, by Species, 2019-2032 (USD Billion)
- 7.4.6. Salmon Fish Market - Italy
- 7.4.6.1. Italy: Salmon Fish Market, by Form, 2019-2032 (USD Billion)
- 7.4.6.2. Italy: Salmon Fish Market, by Species, 2019-2032 (USD Billion)
- 7.4.7. Salmon Fish Market - Spain
- 7.4.7.1. Spain: Salmon Fish Market, by Form, 2019-2032 (USD Billion)
- 7.4.7.2. Spain: Salmon Fish Market, by Species, 2019-2032 (USD Billion)
- 7.4.8. Salmon Fish Market - Netherlands
- 7.4.8.1. Netherlands: Salmon Fish Market, by Form, 2019-2032 (USD Billion)
- 7.4.8.2. Netherlands: Salmon Fish Market, by Species, 2019-2032 (USD Billion)
- 7.4.9. Salmon Fish Market - Russia
- 7.4.9.1. Russia: Salmon Fish Market, by Form, 2019-2032 (USD Billion)
- 7.4.9.2. Russia: Salmon Fish Market, by Species, 2019-2032 (USD Billion)
- 7.5. Salmon Fish Market - Asia Pacific
- 7.5.1. Asia Pacific: Salmon Fish Market, by Form, 2019-2032 (USD Billion)
- 7.5.2. Asia Pacific: Salmon Fish Market, by Species, 2019-2032 (USD Billion)
- 7.5.3. Salmon Fish Market - China
- 7.5.3.1. China: Salmon Fish Market, by Form, 2019-2032 (USD Billion)
- 7.5.3.2. China: Salmon Fish Market, by Species, 2019-2032 (USD Billion)
- 7.5.4. Salmon Fish Market - India
- 7.5.4.1. India: Salmon Fish Market, by Form, 2019-2032 (USD Billion)
- 7.5.4.2. India: Salmon Fish Market, by Species, 2019-2032 (USD Billion)
- 7.5.5. Salmon Fish Market - Malaysia
- 7.5.5.1. Malaysia: Salmon Fish Market, by Form, 2019-2032 (USD Billion)
- 7.5.5.2. Malaysia: Salmon Fish Market, by Species, 2019-2032 (USD Billion)
- 7.5.6. Salmon Fish Market - Japan
- 7.5.6.1. Japan: Salmon Fish Market, by Form, 2019-2032 (USD Billion)
- 7.5.6.2. Japan: Salmon Fish Market, by Species, 2019-2032 (USD Billion)
- 7.5.7. Salmon Fish Market - Indonesia
- 7.5.7.1. Indonesia: Salmon Fish Market, by Form, 2019-2032 (USD Billion)
- 7.5.7.2. Indonesia: Salmon Fish Market, by Species, 2019-2032 (USD Billion)
- 7.5.8. Salmon Fish Market - South Korea
- 7.5.8.1. South Korea: Salmon Fish Market, by Form, 2019-2032 (USD Billion)
- 7.5.8.2. South Korea: Salmon Fish Market, by Species, 2019-2032 (USD Billion)
- 7.6. Salmon Fish Market - Middle East & Africa
- 7.6.1. Middle East & Africa: Salmon Fish Market, by Form, 2019-2032 (USD Billion)
- 7.6.2. Middle East & Africa: Salmon Fish Market, by Species, 2019-2032 (USD Billion)
- 7.6.3. Salmon Fish Market - Saudi Arabia
- 7.6.3.1. Saudi Arabia: Salmon Fish Market, by Form, 2019-2032 (USD Billion)
- 7.6.3.2. Saudi Arabia: Salmon Fish Market, by Species, 2019-2032 (USD Billion)
- 7.6.4. Salmon Fish Market - UAE
- 7.6.4.1. UAE: Salmon Fish Market, by Form, 2019-2032 (USD Billion)
- 7.6.4.2. UAE: Salmon Fish Market, by Species, 2019-2032 (USD Billion)
- 7.6.5. Salmon Fish Market - Israel
- 7.6.5.1. Israel: Salmon Fish Market, by Form, 2019-2032 (USD Billion)
- 7.6.5.2. Israel: Salmon Fish Market, by Species, 2019-2032 (USD Billion)
- 7.6.6. Salmon Fish Market - South Africa
- 7.6.6.1. South Africa: Salmon Fish Market, by Form, 2019-2032 (USD Billion)
- 7.6.6.2. South Africa: Salmon Fish Market, by Species, 2019-2032 (USD Billion)
- 7.7. Salmon Fish Market - Latin America
- 7.7.1. Latin America: Salmon Fish Market, by Form, 2019-2032 (USD Billion)
- 7.7.2. Latin America: Salmon Fish Market, by Species, 2019-2032 (USD Billion)
- 7.7.3. Salmon Fish Market - Mexico
- 7.7.3.1. Mexico: Salmon Fish Market, by Form, 2019-2032 (USD Billion)
- 7.7.3.2. Mexico: Salmon Fish Market, by Species, 2019-2032 (USD Billion)
- 7.7.4. Salmon Fish Market - Brazil
- 7.7.4.1. Brazil: Salmon Fish Market, by Form, 2019-2032 (USD Billion)
- 7.7.4.2. Brazil: Salmon Fish Market, by Species, 2019-2032 (USD Billion)
- 7.7.5. Salmon Fish Market - Argentina
- 7.7.5.1. Argentina: Salmon Fish Market, by Form, 2019-2032 (USD Billion)
- 7.7.5.2. Argentina: Salmon Fish Market, by Species, 2019-2032 (USD Billion)
8. Competitive Landscape
- 8.1. Expansion and Acquisition Analysis
- 8.1.1. Expansion
- 8.1.2. Acquisitions
- 8.2. Partnerships/Collaborations/Agreements/Exhibitions
9. Company Profiles
- 9.1. SEA DELIGHT GROUP
- 9.1.1. Company Overview
- 9.1.2. Financial Performance
- 9.1.3. Species Benchmarking
- 9.1.4. Recent Development
- 9.2. Nordlaks Produkter AS
- 9.2.1. Company Overview
- 9.2.2. Financial Performance
- 9.2.3. Species Benchmarking
- 9.2.4. Recent Development
- 9.3. Atlantic Sapphire
- 9.3.1. Company Overview
- 9.3.2. Financial Performance
- 9.3.3. Species Benchmarking
- 9.3.4. Recent Development
- 9.4. Idea Foods Ltd
- 9.4.1. Company Overview
- 9.4.2. Financial Performance
- 9.4.3. Species Benchmarking
- 9.4.4. Recent Development
- 9.5. BluGlacier
- 9.5.1. Company Overview
- 9.5.2. Financial Performance
- 9.5.3. Species Benchmarking
- 9.5.4. Recent Development
- 9.6. SalMar ASA
- 9.6.1. Company Overview
- 9.6.2. Financial Performance
- 9.6.3. Species Benchmarking
- 9.6.4. Recent Development
- 9.7. Cermaq
- 9.7.1. Company Overview
- 9.7.2. Financial Performance
- 9.7.3. Species Benchmarking
- 9.7.4. Recent Development
- 9.8. Bakkafrost
- 9.8.1. Company Overview
- 9.8.2. Financial Performance
- 9.8.3. Species Benchmarking
- 9.8.4. Recent Development
- 9.9. Nova Sea
- 9.9.1. Company Overview
- 9.9.2. Financial Performance
- 9.9.3. Species Benchmarking
- 9.9.4. Recent Development
- 9.10. Cooke Aquaculture
- 9.10.1. Company Overview
- 9.10.2. Financial Performance
- 9.10.3. Species Benchmarking
- 9.10.4. Recent Development
- 9.11. Australis Seafoods
- 9.11.1. Company Overview
- 9.11.2. Financial Performance
- 9.11.3. Species Benchmarking
- 9.11.4. Recent Development
- 9.12. Alsaker Fjordbruk
- 9.12.1. Company Overview
- 9.12.2. Financial Performance
- 9.12.3. Species Benchmarking
- 9.12.4. Recent Development
- 9.13. AquaChile
- 9.13.1. Company Overview
- 9.13.2. Financial Performance
- 9.13.3. Species Benchmarking
- 9.13.4. Recent Development
- 9.14. Greig Seafood
- 9.14.1. Company Overview
- 9.14.2. Financial Performance
- 9.14.3. Species Benchmarking
- 9.14.4. Recent Development
- 9.15. Mowi ASA
- 9.15.1. Company Overview
- 9.15.2. Financial Performance
- 9.15.3. Species Benchmarking
- 9.15.4. Recent Development
- 9.16. Salmones Camanchaca
- 9.16.1. Company Overview
- 9.16.2. Financial Performance
- 9.16.3. Species Benchmarking
- 9.16.4. Recent Development
- 9.17. Leroy Seafood Group
- 9.17.1. Company Overview
- 9.17.2. Financial Performance
- 9.17.3. Species Benchmarking
- 9.17.4. Recent Development
- 9.18. Blumar
- 9.18.1. Company Overview
- 9.18.2. Financial Performance
- 9.18.3. Species Benchmarking
- 9.18.4. Recent Development