Salmon Market Size to Reach USD 25.9 Billion by 2031 Driven by Land-Based Aquaculture, Health-Focused Consumption, and Supply Diversification

Global Salmon Market Overview

The global salmon market is undergoing a structural transformation as producers adopt advanced farming systems, and consumers increasingly favor premium, health-oriented protein sources. According to Mordor Intelligence, the salmon market size reached USD 18.3 billion in 2026 and is projected to grow to USD 25.9 billion by 2031, registering a robust CAGR of 7.2% during the forecast period.

This strong salmon market growth is supported by the rapid expansion of land-based recirculating aquaculture systems (RAS), which reduce disease exposure, lower logistics costs, and position production closer to major retail centers. At the same time, global demand for omega-3-rich seafood continues to reinforce salmon's role as a preferred animal protein, supporting long-term salmon market forecast stability.

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Key Trends Shaping the Salmon Market

Expansion of Land-Based and Recirculating Aquaculture Systems

One of the most influential salmon market trends is the global build-out of land-based RAS facilities. These systems report higher survival rates and improved feed efficiency compared to traditional sea cages, while minimizing sea-lice exposure and environmental risks. Regulatory biomass caps in Norway, Scotland, and Canada are accelerating investment in offshore licenses and closed-containment modules, reshaping global salmon market share distribution.

Strengthening Cold-Chain Infrastructure in Emerging Regions

Improvements in cold-chain logistics are expanding fresh salmon access beyond traditional markets. Extended shipping windows and multi-temperature logistics hubs in Asia, the Middle East, and parts of Africa are enabling direct-to-retail distribution, supporting premium pricing, and increasing penetration in tier-2 and tier-3 cities. These developments are reinforcing salmon market growth in emerging economies.

Rising Consumer Preference for Healthy and Sustainable Protein

Salmon's high omega-3 content continues to drive demand among health-conscious consumers. Rising per-capita consumption in North America and Asia reflects salmon's repositioning from an occasional indulgence to a regular protein choice. Sustainability certifications are increasingly required by retailers, embedding traceability and environmental responsibility into purchasing decisions and influencing salmon market trends.

Feed Innovation and Cost Management

Feed innovation is playing a critical role in protecting producer margins. Advances that reduce feed conversion ratios are helping cushion producers against volatility in fishmeal and feed input prices. Nutrition efficiency is emerging as a key competitive lever, supporting long-term salmon market forecast resilience.

Salmon Market Segmentation Insights

By Geography

North America
South America
Asia-Pacific
Europe
Others

Report Coverage Includes

Production Analysis (Volume)
Consumption Analysis (Value and Volume)
Import Analysis (Value and Volume)
Export Analysis (Value and Volume)
Wholesale Price Trend Analysis
List of Key Players
Others

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Regional Salmon Market Insights

Europe continues to hold the largest salmon market share, led by Norway's benchmark production and premium export positioning. Growth is increasingly constrained by environmental regulations, prompting consolidation and offshore expansion strategies.

South America, dominated by Chile, remains a major exporter despite environmental and regulatory challenges. Investments in offshore concessions and recirculating hatcheries are supporting supply stability and survival rates.

North America is expanding its market share through land-based RAS projects that bypass traditional net-pen limitations, although regulatory transitions may temporarily affect output.

The Middle East is projected to be the fastest-growing region through 2031, driven by sovereign wealth investments in large-scale land-based facilities located near end markets. Asia-Pacific follows closely, supported by rising seafood consumption, e-commerce penetration, and reduced reliance on imports through localized production.

Salmon Market Forecast and Outlook

The salmon market forecast indicates sustained and above-average growth through 2031, supported by rising global seafood consumption, aquaculture modernization, and expanding cold-chain infrastructure. While regulatory constraints and capital intensity remain challenges, diversification of production geographies and advances in RAS technology are strengthening long-term supply resilience.

Overall, the salmon market is transitioning toward a more diversified, technology-driven, and sustainability-focused industry, reinforcing its strategic importance within the global seafood and protein landscape.

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