Trending News: Global Salmon Market Price Trends 2020, Covid-19 Impact Analysis, Market Share, Size and Forecast till 2025

According to the latest report by IMARC Group, titled "Salmon Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025", the global salmon market reached a volume of 3.8 Million Tons in 2019.

Salmon refers to a species of ray-finned fish belonging to the Salmonidae family which are found in the northern Atlantic and Pacific oceans. Salmon is widely consumed across the world as it is rich in calcium, iodine, vitamin D, vitamin B3, zinc, protein and omega 3 fatty acids. Since it is considered one of the best sources of eicosapentaenoic acid (EPA) and docosahexaenoic acid (DHA), its consumption offers numerous health benefits such as aiding in decreasing inflammation, reducing the risk of cancer, lowering blood pressure and improving the function of the cells lining the arteries. Salmon forms an integral part in the preparation of a vast array of dishes which include sushi, salads, tartar, burgers and pasta.

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Market Trends:

Growing consciousness amongst the consumers regarding the benefits offered by regular consumption of salmon is one of the major growth-inducing factors. Also, consumers are now seeking less fattening meat options for maintaining their protein intake, which has increased their inclination toward the consumption of fishes such as salmon. Moreover, the increasing working population and busy schedules are driving the sales of ready-to-eat and easy-to-cook products. Convenient packaging and easy availability of frozen and canned salmon in confluence with inflating disposable income levels of consumers are thereby providing a boost to the market growth. Furthermore, governments of several countries are taking initiatives to promote the production of salmon through sustainable farming methods, which is expected to create a positive outlook for the market. On account of the aforementioned factors, the global salmon market to exhibit moderate growth during 2020-2025.

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Insight on Market Segmentation:

Market Breakup by Type

1. Farmed

2. Wild Captured

Market Breakup by Species

1. Atlantic

2. Pink

3. Chum/Dog

4. Coho

5. Sockeye

6. Others

Market Breakup by Distribution Channel

1. Foodservice

2. Retail

Market Breakup by End-Product Type

1. Frozen

2. Fresh

3. Canned

4. Others

Market Breakup by Producing Region

1. Norway

2. Chile

3. Scotland

4. Canada

5. Faroe Islands

6. Others

Wild Captured

1. United States

2. Russia

3. Japan

4. Canada

5. Others

Market Breakup by Consuming Region

1. EU

2. Russia

3. US

4. Brazil

5. Japan

6. China

7. Others

Competitive Landscape

The competitive landscape of the global salmon market has also been examined with some of the key players being Marine Harvest, Leroy Seafood Group, Cremaq and SalMar.

Also Read

Top 4 Players Operating in the Global Salmon Market: https://www.imarcgroup.com/top-4-players-operating-global-salmon-market

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

This release was published on openPR.