Salmon Market Expected to Reach $76.1 Billion by 2028, Driven by Health Benefits and Rising Demand for Protein-Rich Diets

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.

𝐀𝐯𝐚𝐢𝐥𝐚𝐛𝐥𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐰𝐢𝐭𝐡 𝐆𝐫𝐚𝐩𝐡𝐬 𝐚𝐧𝐝 𝐅𝐢𝐠𝐮𝐫𝐞𝐬 @ https://www.alliedmarketresearch.com/request-sample/A12024

Salmon, renowned for its rich protein and omega-3 fatty acids, is a widely consumed fish globally. Its migratory nature and ease of preservation have made it a staple in various cultures. Apart from its nutritional value, salmon offers health benefits, including obesity reduction, heart disease prevention, and diabetes control. Recognized as a healthier alternative to chicken or beef due to its high protein and low saturated fat content, salmon has become an ideal protein source, aiding in weight and BMI maintenance, driving its global demand.

Factors such as growing health consciousness, sedentary lifestyles, increasing obesity rates, and rising disposable incomes contribute to the heightened demand for salmon. Consumers seeking protein-rich diets incorporate salmon into diverse food preparations, such as pasta, patties, burgers, and rice dishes. Manufacturers respond to this demand by offering a variety of salmon products, including smoked salmon, salmon oil, spreads, frozen salmon, and canned salmon.

Salmon is one of the most commonly consumed fish, well-known for its high protein and omega-3 fatty acids content. Salmon migrate in huge numbers and its meat can be easily preserved. This makes salmon the staple food of many cultures for years. The salmon offers health benefits such as decreased obesity, prevention of heart disease, and diabetes control. Moreover, salmon is perceived to be a great substitute to chicken or beef as it provides ample amount of protein with less saturated fat. This makes salmon an ideal source of protein that helps in maintaining normal weight and body mass index (BMI). These health benefits offered by salmon consumption is a key factor responsible for its growing demand among the consumers across the globe.

𝐈𝐧𝐭𝐞𝐫𝐞𝐬𝐭𝐞𝐝 𝐭𝐨 𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐭𝐡𝐞 𝐃𝐚𝐭𝐚 𝐈𝐧𝐪𝐮𝐢𝐫𝐞 @ https://www.alliedmarketresearch.com/purchase-enquiry/A12024

The increasing demand for frozen and canned salmon is particularly notable due to the rise in the working population and the surge in ready-to-eat food products. While salmon demand is diminishing in certain regions like Europe, the U.S., and Japan, the growth potential is high in Asia-Pacific and Latin America, presenting lucrative opportunities for global market players. The demand for eco-labeled farmed salmon is on the rise, and a preference for fresh products is a prevailing trend.

Sustainability is becoming a key focus in the salmon industry, with companies leveraging technologies like blockchain for transparent supply data sharing. For instance, collaborations between IBM and the Norwegian Seafood Association aim to enhance transparency in Norway's seafood industry.

However, challenges such as revelations of cruelty in animal farms and slaughterhouses and the increasing popularity of veganism pose threats to the salmon market. Awareness programs by NGOs like PETA contribute to the rise in veganism, impacting salmon consumption.

The salmon market is segmented based on type, end product type, distribution channel, and region. Pink salmon, with lower fat content, dominates the market, while the fresh segment holds the largest share. Retail stores are the prominent distribution channel, offering consumers the opportunity to inspect and purchase salmon instantly.

𝐆𝐞𝐭 𝐘𝐨𝐮𝐫 𝐑𝐞𝐩𝐨𝐫𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐞𝐝 @ https://www.alliedmarketresearch.com/request-for-customization/A12024

In terms of global market analysis, Asia-Pacific led in 2020, accounting for 38.9% of the total market share, with Europe following closely behind. Health-conscious consumers in Asia-Pacific are driving the significant growth of the salmon market in the region.

Key players in the salmon market include Cremaq Group ASA, Leroy Seafood Group ASA, Mowi ASA, SalMar ASA, Bakkafrost, Greig Seafood, Blumar, Salmones Camanchaca, Nova Sea, AlsakerFjordbruk, and Nordlaks, with others like Cooke Aquaculture, Multiexport, Australis Seafoods, AlsakerFjordbruk, and AquaChile also making notable contributions.the retail stores segment was the prominent segment, owing to high popularity and wide scale penetration in leading salmon markets. Retail stores allows customers to see product including seafood such as salmon quite close and as opposed to online stores it provides instant gratification because the customer walks away with their purchases immediately. In addition, friendly and helpful staff also helps to build customer loyalty by offering good quality salmon that makes consumers to visit again and again.

According to the global salmon market analysis, in 2020, Asia-Pacific dominated the market, garnering around 38.9% of the total salmon market share, followed by Europe. In Asia-Pacific, salmon market is growing significantly, owing to increasing consumer awareness in the region. Salmon is anticipated to gain maximum demand in the region, owing to higher demand of seafood containing higher nutrition value.

𝐒𝐏𝐄𝐀𝐊 𝐖𝐈𝐓𝐇 𝐀𝐍𝐀𝐋𝐘𝐒𝐓 @ https://www.alliedmarketresearch.com/connect-to-analyst/A12024

{ 𝐊𝐞𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 }

I. Cremaq Group ASA
II. Leroy Seafood Group ASA
III. Mowi ASA
IV. SalMar ASA
V. Bakkafrost
VI. Greig Seafood
VII. Blumar, Salmones Camanchaca
VIII. Nova Sea
IX. AlsakerFjordbruk
X. Nordlaks

Other noticeable players in these markets are Cooke Aquaculture, Multiexport, Australis Seafoods, AlsakerFjordbruk and AquaChile.

»» 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐢𝐧 𝐅𝐨𝐨𝐝 𝐚𝐧𝐝 𝐁𝐞𝐯𝐞𝐫𝐚𝐠𝐞𝐬 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 

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