Press release
Salmon Market Size, Share & Trends Report 2025-2033
The global salmon market is experiencing robust growth, driven by increasing health consciousness, rising disposable incomes, and a growing preference for nutritious seafood options. In 2024, the market reached a volume of 3.7 million tons, and it is projected to attain 4.8 million tons by 2033, expanding at a CAGR of 3.0% during 2025-2033. Key factors propelling this growth include advancements in aquaculture technologies, favourable government policies supporting sustainable fisheries, and the escalating demand for value-added salmon products. Notably, the European Union currently dominates global consumption, accounting for over 46.3% of the market share in 2024.Request for a sample copy of this report:
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STUDY ASSUMPTION YEARS
• Base Year: 2024
• Historical Years: 2019-2024
• Forecast Years: 2025-2033
SALMON MARKET KEY TAKEAWAYS
• Market Size and Growth: The global salmon market reached 3.7 million tons in 2024 and is expected to grow to 4.8 million tons by 2033, exhibiting a CAGR of 3.0% during 2025-2033.
• Dominant Consumption Region: The European Union leads global consumption, holding over 46.3% market share in 2024.
• Type Segment: Farmed salmon accounts for the majority of the market share, ensuring year-round availability and predictable supply.
• Species Preference: Atlantic salmon holds the largest share in the salmon industry, attributed to its high protein and omega-3 content.
• Product Form: Frozen salmon remains a dominant segment due to its cost-effectiveness and extended shelf life, appealing to both consumers and businesses.
• Distribution Channel: Foodservice represents the leading distribution channel segment, driven by the increasing demand for ready-to-eat and convenience seafood products.
MARKET GROWTH FACTORS
1. Advancements in Aquaculture Technology
Technological innovations are changing the way salmon is farmed, making the process more efficient and environmentally friendly. With the use of recirculating aquaculture systems (RAS), farmers can create clean, controlled environments that keep salmon healthy and reduce harm to the environment. In addition, new types of fish feed - made from eco-friendly, nutrient-rich ingredients - help salmon grow stronger while lowering the need to use wild fish for feed. These smart solutions not only increase production but also appeal to customers who care about sustainability. Digital tools like automated monitoring systems and blockchain technology are also helping farmers keep better track of fish health and supply chains, building greater trust among consumers in the quality of farmed salmon.
2. Regulatory Support and Sustainable Practices
Government rules and support programs are helping the salmon market grow faster. For example, India's Pradhan Mantri Matsya Sampada Yojana (PMMSY) is focused on increasing fish production and boosting seafood exports. These kinds of initiatives are encouraging more investment in aquaculture. Clear rules for sustainable fishing and environmental protection help salmon farmers use safer, more responsible methods. Certifications and eco-labels also build consumer trust by showing that the salmon was sourced in an environmentally friendly way. Overall, government support is creating a strong foundation for long-term growth in the salmon industry.
3. Rising Demand for Healthy and Convenient Food Options
More and more people are choosing healthy, protein-packed foods, and salmon fits perfectly into this trend. It's rich in omega-3 fatty acids, which are great for heart and brain health - making it a top pick for health-conscious eaters. At the same time, busy lifestyles are driving up demand for quick and convenient meal options. That's why ready-to-eat salmon products like smoked, canned, and frozen salmon are becoming so popular. These options are easy to prepare and full of nutrition. Plus, the rise of online shopping and subscription services is making it easier than ever for people to buy their favorite salmon products from the comfort of home. All of these factors are helping the global salmon market grow steadily.
MARKET SEGMENTATION
By Type:
• 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.
• Wild Captured: Preferred for its natural diet and flavor profile, catering to niche markets and traditional consumption patterns.
By Species:
• Atlantic: Holds the largest share in the salmon industry, attributed to its high protein and omega-3 content.
• Pink: Known for its mild flavor and affordability, making it popular among consumers seeking value options.
• Chum/Dog: Valued for its firm texture and suitability for smoking and canning processes.
• Coho: Appreciated for its rich taste and vibrant color, often used in premium culinary applications.
• Sockeye: Recognized for its deep red flesh and robust flavor, favored in gourmet dishes.
• Others: Includes lesser-known species catering to specific regional preferences and culinary uses.
By End Product Type:
• Frozen: Remains a dominant segment due to its cost-effectiveness and extended shelf life, appealing to both consumers and businesses.
• Fresh: Preferred for its taste and texture, often consumed in regions with access to local fisheries.
• Canned: Offers convenience and affordability, widely accepted in North America and Europe.
• Others: Includes smoked, cured, and ready-to-eat products catering to diverse consumer preferences.
By Distribution Channel:
• Foodservice: Represents the leading distribution channel segment, driven by the increasing demand for ready-to-eat and convenience seafood products.
• Retail: Encompasses supermarkets, hypermarkets, and online platforms, offering a wide range of salmon products to consumers.
Breakup by Region:
o North America (United States, Canada)
o Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
o Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
o Latin America (Brazil, Mexico, Others)
o Middle East and Africa
REGIONAL INSIGHTS
In 2024, the European Union led the global salmon market, making up over 46.3% of total consumption. This strong position comes from high demand for both farmed and wild salmon in many EU countries. Supportive government policies and a strong focus on sustainable fishing methods have helped boost salmon availability and meet growing consumer preferences for healthy, eco-friendly seafood.
RECENT DEVELOPMENTS & NEWS
Recent improvements in fish farming technology are helping the salmon market grow faster. New methods like recirculating aquaculture systems (RAS) and eco-friendly fish feed are making salmon farming more efficient and better for the environment. At the same time, more people are buying salmon online thanks to subscription services and bulk order discounts. These changes show how the industry is working to meet rising global demand while staying sustainable and accessible.
KEY PLAYERS
Cermaq Group, Lerøy Seafood Group ASA, Mowi ASA, and SalMar ASA, etc.
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IMARC Group
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IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provides a comprehensive suite of market entry and expansion services. IMARC offerings include a thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape, and benchmarking analyses, pricing and cost research, and procurement research.
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