Global Salmon Fish Market: Industry Analysis & Outlook (2022-2028)

Market Overview:

The Salmon Fish Market is expected to grow at a significant growth rate over the analysis period 2022-2028, considering the base year as 2021.

Salmon is a type of oily fish that is a member of the salmonoid family. Salmon fish is regarded as a functional food since it is incredibly high in protein and supplies critical elements needed by a human body. The major elements that are most likely to spur the market expansion for salmon fish globally include a variety of health advantages, including a reduction in the risk of cancer, an improvement in cell function, a reduction in inflammation, and a lowering of blood pressure. The growing customer preference for protein-rich food choices over carb- and calorie-based foods contributes to the market's growth.

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Market Dynamics:

Driver:

One of the growing challenges impeding the expansion of the worldwide salmon fish market is the exposure of cruel acts committed against numerous animal species at animal farms. Additionally, it is anticipated that the vegan population will increase dramatically, which could hurt the salmon fish industry. Additionally, people may be inspired to choose veganism by the awareness campaigns being run by NGOs about animal care and rights. In addition, the growing market for organic salmon and seafood is a major influence in the decline of marine species, which restrains market expansion.

Opportunities:

Consumers are focusing more on including protein-rich foods in their diets as a result of growing health awareness and population obesity. This presents a lucrative opportunity for the producers, and as a result, significant key players have started incorporating salmon into the recipes for burger patties, pasta, and other foods. Additionally, the employment of monitoring, control, and surveillance (MCS), vessel monitoring system (VMS), and automatic identification system (AIS) in salmon farming is turning into a requirement for fisheries management and fishing operations, offering a growth opportunity in the anticipated period.

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Market coverage

•Available market numbers - 2022-2028
•Base Year - 2021
•Forecast Period - 2022-2028
•Segments covered - By Type, By End Product Type, By Distribution Channel
•Competitive Landscape - Cremaq Group ASA (Norway),Leroy Seafood Group ASA (Norway),SalMar ASA (Norway)
Market Segmentation

By Type

• Chinook Salmon
• Coho Salmon
• Pink Salmon
• Red Salmon
• Silverbrite Salmon
• Salmo Salar

By End Product Type

• Fresh
• Frozen
• Canned

By Distribution Channel

• Retail stores
• Supermarkets/ Hypermarkets
• Online sales channel

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By Region

•North America (U.S., Canada, Mexico)
•Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
•Asia-Pacific (China, India, Japan, Southeast Asia, Rest of APAC)
•Middle East & Africa (GCC Countries, South Africa, Rest of MEA)
•South America (Brazil, Argentina, Rest of South America)

Major Key Players Considered in the Market
• Cremaq Group ASA (Norway)
• Leroy Seafood Group ASA (Norway)
• SalMar ASA (Norway)
• Blumar(Chile)
• Salmones Camanchaca (Chile)
• Nova Sea (Norway)
• Multiexport(Chile)
• Australis Seafoods (Chile)
• AquaChile (Chile)
• Seatrade (Belgium)
• Atlantic Capes Fisheries Inc (Cape May)
• Atalanta Corporation (US)
• Ideal Foods Ltd (UK)
• Sea Delight (Spain), and other major players.

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Key Industry Development In The Salmon Fish Market

In February, 2022, approved the base prospectus with appendices prepared by Lerøy Seafood Group ASA (the Company) in connection with the listing on the Oslo Stock Exchange of the Company's three senior unsecured green bonds. The Group has a vertically integrated value chain for redfish and whitefish, and significant activities using third-party products. The Group has set a number of targets within sustainability, including cutting greenhouse gas emissions by 46% by 2030.

Table Of Content

Chapter 1: Introduction
 1.1 Research Objectives
 1.2 Research Methodology
 1.3 Research Process
 1.4 Scope and Coverage
  1.4.1 Market Definition
  1.4.2 Key Questions Answered
 1.5 Market Segmentation

Chapter 2:Executive Summary
Chapter 3:Growth Opportunities By Segment
 3.1 By Type
 3.2 By End Product Type
 3.3 By Distribution Channel
Chapter 4: Market Landscape
Chapter 5: Salmon Fish Market by Type
To Be Continued……

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