Salmon Market to Reach $76.1 Billion by 2028, Fueled by Health Benefits and Rising Consumer Awareness.

According to a new report published by Allied Market Research, titled, "Salmon Market by Type, Application, and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2021-2028," the global Salmon market size is expected to reach $76,145.3 million by 2028 at a CAGR of 3.7% from 2021 to 2028.

▶ 𝐆𝐞𝐭 𝐅𝐮𝐥𝐥 𝐀𝐜𝐜𝐞𝐬𝐬 𝐭𝐨 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 : https://www.alliedmarketresearch.com/request-sample/12389

In a recent report published by Allied Market Research, the global salmon market is projected to reach $76.1 billion by 2028, with a compound annual growth rate (CAGR) of 3.7% from 2021 to 2028. The market's growth is attributed to the numerous health benefits associated with salmon consumption, including high protein and omega-3 fatty acids content. Salmon's versatility, ease of preservation, and its role as a staple food in various cultures have contributed to its widespread popularity.

𝗛𝗲𝗮𝗹𝘁𝗵 𝗕𝗲𝗻𝗲𝗳𝗶𝘁𝘀 𝗗𝗿𝗶𝘃𝗲 𝗚𝗿𝗼𝘄𝗶𝗻𝗴 𝗗𝗲𝗺𝗮𝗻𝗱

Salmon's nutritional profile, including its omega-3 fatty acids and protein content, positions it as a healthy choice for consumers. The report highlights the positive impact of salmon consumption on reducing obesity, preventing heart disease, and contributing to diabetes control. Additionally, as consumers increasingly seek protein-rich foods, salmon is being incorporated into various dishes such as pasta, burgers, and rice-based meals. The convenience of frozen and canned salmon products has also witnessed a surge in demand, especially among the working population with busy lifestyles.

𝗠𝗮𝗿𝗸𝗲𝘁 𝗗𝘆𝗻𝗮𝗺𝗶𝗰𝘀 𝗮𝗻𝗱 𝗥𝗲𝗴𝗶𝗼𝗻𝗮𝗹 𝗜𝗻𝘀𝗶𝗴𝗵𝘁𝘀

While the demand for salmon is experiencing a slowdown in some established markets like Europe, the United States, and Japan, there is significant growth potential in emerging markets, particularly in Asia-Pacific and Latin America. These regions are witnessing a rising preference for fresh food products and a growing awareness of the health benefits associated with salmon consumption.

▶ 𝐆𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 : https://www.alliedmarketresearch.com/request-for-customization/12389

𝗦𝘂𝘀𝘁𝗮𝗶𝗻𝗮𝗯𝗶𝗹𝗶𝘁𝘆 𝗮𝘀 𝗮 𝗞𝗲𝘆 𝗙𝗮𝗰𝘁𝗼𝗿

Sustainability is emerging as a critical factor in attracting consumers, and companies are adopting innovative technologies to promote sustainable salmon farming. Collaborations, such as the one between IBM and the Norwegian Seafood Association, utilizing blockchain networks, aim to enhance transparency in the seafood industry.

𝗖𝗵𝗮𝗹𝗹𝗲𝗻𝗴𝗲𝘀 𝗮𝗻𝗱 𝗖𝗼𝗻𝘀𝘁𝗿𝗮𝗶𝗻𝘁𝘀

Despite the positive outlook, the salmon market faces challenges, including concerns about cruelty in animal farming practices and increasing awareness of animal rights. The growth of the vegan population poses a potential threat to the salmon market, driven by campaigns by organizations like PETA.

𝗦𝗲𝗴𝗺𝗲𝗻𝘁𝗮𝘁𝗶𝗼𝗻 𝗮𝗻𝗱 𝗞𝗲𝘆 𝗙𝗶𝗻𝗱𝗶𝗻𝗴𝘀

The salmon market is segmented based on type, end product type, distribution channel, and region. Key findings from the report include:

Pink Salmon Dominates: In terms of type, the pink salmon segment held the highest market share in 2020, driven by its lower fat content and high protein content, making it a preferred choice among consumers.

Fresh Salmon Leads: The fresh salmon segment is the largest end product type, constituting over half of the market share in 2020. Consumers increasingly prefer fresh products, considering them free from preservatives and additives.

▶ 𝐒𝐏𝐄𝐀𝐊 𝐖𝐈𝐓𝐇 𝐀𝐍𝐀𝐋𝐘𝐒𝐓 : https://www.alliedmarketresearch.com/connect-to-analyst/12389

Retail Stores Take the Lead: The retail stores segment was the prominent distribution channel, with a higher market share. The immediate gratification and personal interaction offered by retail stores contribute to their popularity.

Asia-Pacific Leads Regionally: Asia-Pacific dominated the market in 2020, with a market share of 38.9%, driven by increasing consumer awareness and a growing demand for seafood with higher nutritional value.

𝗖𝗼𝗻𝗰𝗹𝘂𝘀𝗶𝗼𝗻 𝗮𝗻𝗱 𝗙𝘂𝘁𝘂𝗿𝗲 𝗢𝘂𝘁𝗹𝗼𝗼𝗸

The global salmon market is poised for significant growth, driven by health-conscious consumers, increasing awareness, and the versatility of salmon products. Sustainable practices and technological innovations are likely to play a crucial role in shaping the future of the industry. Despite challenges, the market's positive trajectory and opportunities in emerging regions position salmon as a key player in the global seafood market.

▶ 𝐒𝐏𝐄𝐀𝐊 𝐖𝐈𝐓𝐇 𝐀𝐍𝐀𝐋𝐘𝐒𝐓 : https://www.alliedmarketresearch.com/checkout-final/bf916492d101c3c3b8e386dc8503bb8b

𝗞𝗲𝘆 𝗣𝗹𝗮𝘆𝗲𝗿𝘀 𝗶𝗻 𝘁𝗵𝗲 𝗠𝗮𝗿𝗸𝗲𝘁
Key players operating in the salmon market include :
- 𝐂𝐫𝐞𝐦𝐚𝐪 𝐆𝐫𝐨𝐮𝐩 𝐀𝐒𝐀
- 𝐋𝐞𝐫𝐨𝐲 𝐒𝐞𝐚𝐟𝐨𝐨𝐝 𝐆𝐫𝐨𝐮𝐩 𝐀𝐒𝐀
- 𝐌𝐨𝐰𝐢 𝐀𝐒𝐀
- 𝐒𝐚𝐥𝐌𝐚𝐫 𝐀𝐒𝐀
- 𝐁𝐚𝐤𝐤𝐚𝐟𝐫𝐨𝐬𝐭
- 𝐆𝐫𝐞𝐢𝐠 𝐒𝐞𝐚𝐟𝐨𝐨𝐝
- 𝐁𝐥𝐮𝐦𝐚𝐫
- 𝐒𝐚𝐥𝐦𝐨𝐧𝐞𝐬𝐂𝐚𝐦𝐚𝐧𝐜𝐡𝐚𝐜𝐚
- 𝐍𝐨𝐯𝐚 𝐒𝐞𝐚
- 𝐀𝐥𝐬𝐚𝐤𝐞𝐫𝐅𝐣𝐨𝐫𝐝𝐛𝐫𝐮𝐤
- 𝐍𝐨𝐫𝐝𝐥𝐚𝐤𝐬
- 𝐂𝐨𝐨𝐤𝐞 𝐀𝐪𝐮𝐚𝐜𝐮𝐥𝐭𝐮𝐫𝐞
- 𝐌𝐮𝐥𝐭𝐢𝐞𝐱𝐩𝐨𝐫𝐭
- 𝐀𝐮𝐬𝐭𝐫𝐚𝐥𝐢𝐬 𝐒𝐞𝐚𝐟𝐨𝐨𝐝𝐬
- 𝐀𝐥𝐬𝐚𝐤𝐞𝐫𝐅𝐣𝐨𝐫𝐝𝐛𝐫𝐮𝐤
- 𝐀𝐪𝐮𝐚𝐂𝐡𝐢𝐥𝐞

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𝐀𝐛𝐨𝐮𝐭 𝐔𝐬
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

This release was published on openPR.