Salmon Market Demand, Size, Share, Growth and Industry Forecast | 2034

Salmon Market Outlook

According to the report by Expert Market Research (EMR), the global salmon market reached a volume of about 4.50 million tons in 2024. Driven by rising consumer demand for healthy and protein-rich foods, coupled with the increasing popularity of salmon as a versatile and sustainable seafood option, the market is projected to further expand at a compound annual growth rate (CAGR) of 3.8% between 2025 and 2034, reaching a volume of about 6.33 million tons by 2034.

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Salmon, known for its rich nutritional profile, including high-quality protein, omega-3 fatty acids, and essential vitamins, is considered a superfood by many health-conscious consumers. Its versatility in both cooking and preparation has made it a popular choice in various culinary traditions. As consumer awareness grows regarding the health benefits of consuming omega-3-rich foods, particularly for heart and brain health, the global demand for salmon market is expected to rise steadily.

In addition to its dietary benefits, salmon is also gaining traction as an environmentally sustainable alternative to other animal protein sources. This is primarily due to the advancements in aquaculture practices, which have made salmon farming more efficient and less resource-intensive, boosting its appeal among environmentally conscious consumers.

Key Drivers of Growth in the Global Salmon Market

Several key factors are contributing to the robust growth of the global salmon market. A significant driver is the growing awareness of the health benefits associated with consuming omega-3-rich foods. Salmon is an excellent source of omega-3 fatty acids, which are essential for maintaining cardiovascular health, improving cognitive function, and reducing inflammation. As health-conscious consumers prioritize heart-healthy diets, the demand for salmon continues to grow, especially in regions with rising levels of lifestyle-related diseases.

The increasing demand for sustainable and ethically sourced food products also plays a pivotal role in the growth of the global salmon market. Over the past decade, there has been an increased focus on sourcing seafood sustainably, with many consumers now seeking out products that are certified by organizations such as the Marine Stewardship Council (MSC). Salmon, particularly farmed salmon, has benefited from improvements in sustainable farming practices, such as closed-loop systems and eco-friendly feed, which have helped reduce its environmental footprint compared to other protein sources. This shift toward sustainability is aligning with broader trends in consumer preferences for ethically sourced and environmentally responsible food.

Another key driver is the versatility of salmon in various culinary applications. It is not only enjoyed in traditional dishes like sushi and smoked salmon but also increasingly featured in modern recipes, such as grilled, baked, or pan-seared fillets, in addition to processed forms like canned, frozen, and ready-to-eat options. As salmon becomes more widely available in different formats, it appeals to a broader audience, including busy professionals and families seeking convenient yet nutritious meal options.

The expansion of global distribution channels, particularly the growth of e-commerce platforms and the increasing availability of fresh and frozen salmon in supermarkets and specialty stores, is also driving market growth. Consumers now have easier access to high-quality salmon regardless of location, further fueling its consumption.

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Technological Advancements Shaping the Salmon Market

Technological innovation plays a crucial role in the evolution of the global salmon market, particularly in the areas of farming and processing. One of the most important technological advancements has been the development of sustainable aquaculture practices. As the demand for salmon continues to grow, aquaculture farms are increasingly adopting advanced techniques to improve efficiency and reduce their environmental impact.

Closed containment systems, for example, are used to grow farmed salmon in controlled environments that prevent interaction with wild fish populations and minimize the spread of disease. This technology helps reduce the risk of overfishing and habitat destruction, contributing to the sustainability of the industry. Additionally, advancements in feed technology have allowed salmon farms to utilize more sustainable ingredients, reducing the reliance on fishmeal and improving the nutritional profile of farmed salmon.

In the processing sector, innovation is focused on extending the shelf life of salmon products while maintaining their freshness and nutritional integrity. New preservation techniques, such as high-pressure processing (HPP) and vacuum packaging, are increasingly being used to extend the shelf life of salmon, especially in fresh and frozen forms, while reducing the need for artificial preservatives. These technological advancements also enhance food safety and quality, ensuring that salmon remains a premium and reliable product for consumers.

Consumer Trends and Behavioral Insights

Consumer trends in the global salmon market are influenced by changing lifestyles, increasing health consciousness, and the demand for convenient food options. As consumers become more focused on maintaining healthy diets, there is a growing preference for high-protein, low-fat, and omega-3-rich foods like salmon. Additionally, salmon's versatility, which allows for various cooking methods and product forms, has made it a favored choice among a wide range of consumers, from families to professional chefs.

Sustainability is another significant trend shaping consumer behavior in the global salmon market. As environmental concerns grow, more consumers are seeking out sustainably sourced salmon, particularly farmed salmon certified by recognized organizations such as the Aquaculture Stewardship Council (ASC). Consumers are willing to pay a premium for products that align with their ethical values, contributing to the increasing demand for responsibly farmed and wild-caught salmon.

The rise in plant-based and flexitarian diets has also had an impact on the global salmon market. Although many plant-based consumers are opting for alternative protein sources, salmon is often viewed as a suitable, sustainable animal protein that can complement plant-based diets. This trend is particularly notable in Western markets, where flexitarianism is gaining momentum as a balanced approach to reducing meat consumption.

Salmon Market Segmentation

The market can be divided based on type, species, end product, distribution channel, and region.

Breakup by Type

Farmed
Wild Captured

Breakup by Species

Atlantic
Pink
Chum/Dog
Coho
Sockeye
Others

Breakup by End Product

Frozen
Fresh
Canned
Others

Breakup by Distribution Channel

Foodservice
Retail
Others

The wild captured variant are majorly found in the following regions:

United States
Russia
Japan
Canada
Others

The major consuming regions of the product include the following:

European Union
Russia
United States
Brazil
Japan
China
Others

Competitive Landscape

Some of the major players explored in the report by Expert Market Research are as follows:

Cermaq Group AS
Lerøy Seafood Group
Mowi ASA
SalMar ASA
Others

Challenges in the Salmon Market

While the global salmon market is poised for growth, it faces several challenges. One of the main concerns is the environmental impact of salmon farming, particularly in relation to water pollution, fish health, and the use of wild-caught fish for feed. Although technological advancements in aquaculture have mitigated some of these issues, sustainability remains a key focus for both consumers and producers.

Another challenge is the volatility of salmon prices, which can fluctuate due to factors such as feed costs, disease outbreaks, and changes in supply and demand. These price fluctuations can impact the profitability of salmon producers and the affordability of salmon products for consumers.

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