Salmon Market Projections and Regional Outlook, CAGR, Volume and Value 2022 to 2027 | Cermaq Group AS, Leroy Seafood Group ASA, Mowi ASA, SalMar ASA, AquaChile, Cooke Aquaculture Inc., Greig Seafood, Multiexport Foods S.A., Sinkaberg Hansen AS, Bremnes Se

This report by Astute Analytica documents all the factors affecting the global Salmon Market. The report encompasses various sections describing the prospects of the market growth or decline. This in-depth analysis includes both qualitative and quantitative analysis based on primary and secondary research. The study also contains a list of innovations and company strategies to maintain a strong foothold in the market.

Global Salmon Market is estimated to witness a rise in revenue from US$ 20,880.5 Mn in 2021 to US$ 27,344.0 Mn by 2027. The market is registering a growth at a CAGR of 4.6% during the forecast period 2022-2027. Moreover, in terms of volume, the global salmon market is expected to project a growth at a CAGR of 4.2% during the forecast period 2022-2027.

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Factors affecting the global Salmon Market include rising disposable income, growing demand for packed food products, and changing lifestyles of people. Furthermore, the rising population and increasing demand for food will also be opportunistic for the global market. For instance, according to Department of Agriculture, corn plantation is expected to increase to 93.3 million acres in 2021 from 90.8 million acres in 2020.

COVID-19 Impact Analysis

The COVID-19 pandemic positively affected the global salmon industry. The demand for packed food products surged during the COVID-19 pandemic. In addition to that, a sudden change in lifestyle and implementation of work-from-home further escalated the growth of the market.

During the pandemic, comfort food emerged as a strong trend, as consumers turn to comfort food in times of stress. Moreover, the pandemic also increased the user base on online shopping platforms, and people started adopting online methods to get groceries.

Restaurants began offering online services to abide by the regulations imposed by governments. Thus, it had been opportunistic for the industry players. This report by Astute Analytica thoroughly describes the effect of the COVID-19 pandemic on the Salmon Market with precise data and statistics.

Regional Insights

By Species segment of the Global Salmon Market is sub-segmented into:

Atlantic
Pink
Chum/Dog
Coho
Sockeye
Others

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By Fish Type segment of the Global Salmon Market is sub-segmented into:

Farmed
Wild
By Product Type segment of the Global Salmon Market is sub-segmented into:

Frozen
Fresh
Canned
Others
By Distribution Channel segment of the Global Salmon Market is sub-segmented into:

Retail
E-commerce (online)
Brick & Mortar Stores (offline)
HoReCa & Wholesale
Processed Food Industry
Other Institutional Customers
By Region segment of the Global Salmon Market is sub-segmented into:

North America
The U.S.
Canada
Mexico
Europe
The UK
Germany
France
Italy
Spain
Poland
Russia
Rest of Europe
Asia Pacific
China
South Korea
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Argentina
Brazil
Rest of South America
Key Players Insights

Cermaq Group AS, Leroy Seafood Group ASA, Mowi ASA, SalMar ASA, AquaChile, Cooke Aquaculture Inc., Greig Seafood, Multiexport Foods S.A., Sinkaberg Hansen AS, Bremnes Seashore AS and Norway Royal Salmon ASA among others.

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About Astute Analytica:

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