Salmon Feed Market Size, Scope, Growth, Competitive Analysis 2022

Precision Business Insights published a research report on "Salmon Feed Market: By Salmon Type (Atlantic Salmon, Pacific Salmon), By Feed Type (Non-medicated Feed, Medicated Feed), By Ingredient Type (Corn, Soybean, Fishmeal, Fish Oil, Others), By Distribution Channel (Veterinary Pharmacies, Online Stores, Others) - Global/Region/Country Forecast to 2028"

Salmon is a type of ray-finned fish that belongs to the family Salmonidae. It is most commonly found in the northern Atlantic and Pacific oceans, and it is the most widely trafficked seafood species today. Protein, calcium, vitamin B3 and D, zinc, iodine, cholesterol, and omega-3 fatty acids are all included in this low-saturated-fat food. It helps to reduce inflammation, lower blood pressure, reduce the risk of cancer, and improve the function of the cells that line the arteries when consumed on a regular basis. It can be used for grilling, steaming, poaching, pickling, and roasting, as well as in the creation of a broad variety of foods, due to its health benefits.

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Individual consumption patterns are shifting as a result of numerous causes such as sedentary living habits, rising income levels, growing prevalence of chronic illnesses, and expanding awareness about health and wellbeing. They are concentrating on removing or reducing carbohydrate-rich foods from their daily diet and raising protein-rich food consumption. As a result, salmon is being used more frequently in the creation of spaghetti, salads, burgers, tartar sauce, and other meals that are part of their regular diet. Manufacturers are also creating a variety of value-added goods, such as canned salmon, refrigerated salmon, smoked salmon, salmon delicacies, salmon oil, salmon lox, and salmon spreads. Furthermore, the growing working population, combined with people's hectic schedules, is driving up sales of ready-to-eat (RTE) and easy-to-cook food items. In line with this, the industry is expected to rise in the next years due to convenient packaging and easy accessibility of frozen and canned salmon.

The salmon market is fragmented on the basis of Species Type, which is further divided as Atlantic Salmon, Masu Salmon, Coho Salmon, Chinook Salmon, and Others. On the basis of Type, the market is fragmented into Farmed as well as Wild Captured.

Chile is leading the global supply increase of farmed salmon, overcoming the limits posed by large algal bloom mortalities and thereby retaining profitability. According to Chilean trade group SalmonChile, more than 1 million metric tonnes of salmon were collected in Chile in 2020, the greatest value produced since 2007. Compared to animals, farmed salmon consumes 15 times less water and has a carbon impact that is ten times smaller. During the same period, Europe, particularly Scotland, experienced a slower pace of production increase. Due to regulatory limits and sea lice issues, Norwegian production has been rising at a snail's pace over the previous two years.

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There are several industry players working in the Salmon Feed Market, which include Biomar (Denmark) Cargill, Inc. (U.S.) Avanti Feeds Ltd. (India) Nutraid (Belgium) Nutreco N. V (Netherlands) Bunge Ltd. (U.S.) Ridley Corporation Ltd (Australia) Archer Daniels Midland Company (U.S.) Alltech (U.S.) Zhuhai Shihai Feed Co. Ltd (China)

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