Global Smoked Salmon Market Size To Exceed USD 8.45 Billion By 2033 | Top Key Players are Mowi ASA, Marine Harvest, Labeyrie Fine Foods, Norvelita UAB, Young's Seafood Ltd and others

According to a research report published by Spherical Insights & Consulting, the Global Smoked Salmon Market Size is Expected to Grow from USD 4.92 Billion in 2023 to USD 8.45 Billion by 2033, at a CAGR of 5.56% during the forecast period 2023-2033.

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The smoked salmon market is described as the industry that is engaged in producing, distributing, and selling smoked salmon products. Smoked salmon is produced by curing fresh salmon using salt before subjecting it to smoke either by hot or cold smoking. The market spans all types of smoked salmon product categories, comprising various sorts of smoked salmon ranging from cold-smoked and hot-smoked smoked salmon and flavored and specialty smoked salmon. Additionally, they come packaged in various styles from whole fillet, slices portion, and ready-to-be-serve packet packages.

Moreover, smoked salmon has a high concentration of omega-3 fatty acids essential to heart function, brain ability, and suppression of inflammation giving it more support among fitness seekers propelling the demand for smoked salmon. The growing demand for seafood, especially as a healthier protein source compared to red meat, has favored the market for smoked salmon. However, the price of salmon can vary depending on such issues as fishing returns, feed prices, and weather conditions, which can influence the pricing of smoked salmon.

Browse key industry insights spread across 240 pages with 110 Market data tables and figures & charts from the report on the Global Smoked Salmon Market Size, Share, and COVID-19 Impact Analysis, By Type (Hot-Smoke Salmon, Cold-Smoke Salmon), By Application (Food Service, Retail, and Others), By Distribution Channel (Supermarkets/Hypermarkets, Specialty Stores, Online Stores, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 - 2033.

The cold-smoke salmon segment dominated the market in 2023 and is projected to grow at a substantial CAGR during the forecast period.

Based on the type, the smoked salmon market is divided into hot-smoke salmon and cold-smoke salmon. Among these, the cold-smoke salmon segment dominated the market in 2023 and is projected to grow at a substantial CAGR during the forecast period. The growth is attributed to cold-smoked salmon finding extensive application in high-end recipes, such as on bagels, sushi, salads, and charcuterie boards. Its adaptability in high-end cuisine makes it more in vogue in restaurants and among buyers in search of premium-quality food.

The retail segment accounted for a significant share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period.

Based on the application, the smoked salmon market is divided into food service, retail, and others. Among these, the retail segment accounted for a significant share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period. The growth is driven by retailers providing a range of smoked salmon products, such as various flavors, package sizes, and forms. This broad variety caters to various consumer tastes and keeps the retailing industry at the top.

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Europe is expected to hold the majority share of the global smoked salmon market during the forecast period.

Europe is expected to hold the majority share of the global smoked salmon market during the forecast period. Europe hosts several of the globe's top smoked salmon producers, including Norway, one of the world's largest exporters of smoked salmon. High-quality smoked salmon products from domestic producers make such products easily accessible and stimulate demand in the continent.

Asia Pacific is anticipated to grow at the fastest pace in the global smoked salmon market during the forecast period. The APAC region is witnessing a growth in health-oriented consumers who are increasingly aware of the advantages of eating fish containing omega-3 fatty acids, such as salmon. Smoked salmon is regarded as a healthy choice due to its high nutrient content, and this is boosting its popularity among health-oriented consumers.

Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the smoked salmon market along with a comparative evaluation primarily based on their type of offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes type development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies
• Mowi ASA
• Marine Harvest
• Labeyrie Fine Foods
• Norvelita UAB
• Young's Seafood Ltd
• Thai Union Group PCL
• Delpeyrat
• Meralliance
• Acme Smoked Fish Corporation
• Lerøy Seafood Group ASA
• Suempol SA
• The H. Forman & Son Ltd
• Foppen
• Others

Key Market Development
• In February 2025, Salmon Evolution confirmed its strategic alliance with Lofotprodukt AS. Smoked salmon produced from Salmon Evolution's land-based salmon launched by Lofotprodukt AS in Week 8 under its premium brand name, Lofoten.

Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the smoked salmon market based on the below-mentioned segments:

Global Smoked Salmon Market, By Type
• Hot-Smoke Salmon
• Cold-Smoke Salmon

Global Smoked Salmon Market, By Application
• Food Service
• Retail
• Others

Global Smoked Salmon Market, By Distribution Channel
• Supermarkets/Hypermarkets
• Specialty Stores
• Online Stores
• Others

Regional Segment Analysis of the Global Smoked Salmon Market
• North America (U.S., Canada, Mexico)
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America)
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

What's covered in the report?
1. Overview of the Smoked Salmon Market.
2. The current and forecasted regional (North America, Europe, Asia-Pacific, Latin America, the Middle East and Africa) market size data for the Smoked Salmon Market, based on segment.
3. Smoked Salmon Market trends.
4. Smoked Salmon Market drivers.
5. Analysis of major company profiles.

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About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.

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This release was published on openPR.