Salmon Market Size, Share and Industry Analysis, Report 2025-2033

Salmon Industry

Summary:

● The global salmon market size reached USD 3.7 Million Tons in 2024.
● The market is expected to reach USD 4.8 Million Tons by 2033, exhibiting a growth rate (CAGR) of 3% during 2025-2033.
● Farmed accounts for the majority of the market share in the type segment as it ensures year-round availability and predictable supply.
● Atlantic holds the largest share in the salmon industry.
● Frozen remains a dominant segment in the market as it is more cost-effective compared to fresh salmon, appealing to both consumers and businesses.
● Foodservice represents the leading distribution channel segment.
● The rising consumer preference for healthier protein food options is a primary driver of the salmon market.
● The salmon market growth and forecast highlight a significant rise due to sustainability concerns and the widespread consumption of convenience food.
● Region-wise, based on production, Norway represents the leading producer of farmed salmon due to strict regulations and innovation in breeding, feed, and health management. On the other hand, the United States accounts for the leading producer of wild captured salmon due to its vast and diverse coastal ecosystems, particularly in Alaska, which support large salmon populations. Whereas, based on the consumption, The European Union holds the leading position owing to a large market for salmon driven by its high demand for both farmed and wild-caught salmon across various countries.

Industry Trends and Drivers:

● Increasing consumer demand for healthy protein sources:

The growing consumer demand for healthy protein sources across the globe is one of the major factors boosting the salmon market share. Salmon is recognized for its rich nutritional profile, including omega-3 fatty acids, vitamins, and minerals, which contribute to heart health, brain function, and overall well-being. As more individuals adopt healthier eating habits and become conscious of the nutritional benefits of their food choices, salmon has emerged as a popular alternative to red meat and other protein sources. Moreover, the rising awareness about the link between diet and health, particularly the benefits of consuming lean and nutrient-dense fish, is boosting the demand for salmon globally.

● Sustainability and eco-friendly production practices:

The salmon market trends indicate that sustainability is significantly influencing the industry. With increasing concerns about the environmental impact of overfishing and unsustainable fishing practices, consumers and businesses are turning toward responsibly farmed salmon. Aquaculture, or farmed salmon, has evolved with more sustainable practices aimed at reducing environmental harm, such as better waste management, reduced use of antibiotics, and the development of feed that minimizes reliance on wild fish. Certifications such as the Aquaculture Stewardship Council (ASC) and the Global G.A.P. are driving consumer confidence in the sustainability of farmed salmon, boosting the salmon demand. As sustainability becomes an important factor in purchasing decisions, demand for responsibly produced salmon is steadily rising.

● Growing popularity of convenience food and ready-to-eat products:

The increasing demand for convenient, ready-to-eat, and ready-to-cook food products is contributing substantially to the growth of the salmon market. As busy lifestyles and time constraints lead consumers to seek quick meal solutions, the availability of pre-packaged salmon products such as smoked, canned, or frozen salmon, as well as pre-cooked fillets, has expanded. These convenient options make it easier for consumers to incorporate salmon into their meals without the need for extensive preparation. The rising popularity of meal kits and convenience food options, combined with the broader trend of online grocery shopping, is further driving the salmon market size, particularly in urban areas where time-saving solutions are in high demand.

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Salmon Market Report Segmentation:

Breakup By Type:

● Farmed
● Wild Captured

Farmed accounts for the majority of shares due to its ability to meet the growing global demand for salmon at a more consistent and affordable price.

Breakup By Species:

● Atlantic
● Pink
● Chum/Dog
● Coho
● Sockeye
● Others

Atlantic dominates the market due to its higher production rates and better adaptability to farming conditions.

Breakup By End Product Type:

● Frozen
● Fresh
● Canned
● Others

Frozen represents the majority of shares due to its longer shelf life and ease of transportation, making it ideal for global distribution.

Breakup By Distribution Channel:

● Foodservice
● Retail

Foodservice holds the majority of shares due to the high demand for salmon from restaurants, catering services, and hospitality industries.

Breakup By Region:

Based on Production:
Farmed:

● Norway
● Chile
● Scotland
● Canada
● Faroe Islands
● Others

Norway represents the leading producer of farmed salmon due to its advanced aquaculture practices and sustainable farming techniques.

Wild Captured:

● United States
● Russia
● Japan
● Canada
● Others

The United States accounts for the leading producer of wild captured salmon due to its large consumer base and growing demand for healthy, protein-rich foods.

Based on Consumption:

● European Union
● Russia
● United States
● Brazil
● Japan
● China
● Others

The European Union holds the leading position owing to a large market for salmon driven by its strong seafood culture and increasing demand for healthy, sustainable protein sources.

Top Salmon Market Leaders:

● Cermaq Group
● Lerøy Seafood Group ASA
● Mowi ASA
● SalMar ASA

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

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