This report by Astute Analytica documents all the factors affecting the global Salmon Market. The report encompasses various sections describing the prospects of the market growth or decline. This in-depth analysis includes both qualitative and quantitative analysis based on primary and secondary research. The study also contains a list of innovations and company strategies to maintain a strong foothold in the market.

The Salmon Market is estimated to witness a rise in revenue from US$ 20,880.5 Million in 2021 to US$ 27,344.0 Million by 2027. The market is registering a growth at a CAGR of 4.6% during the forecast period 2022-2027. Moreover, in terms of volume, the global salmon market is expected to project a growth at a CAGR of 4.2% during the forecast period 2022-2027. 

Factors affecting the global Salmon Market include rising disposable income, growing demand for packed food products, and changing lifestyles of people. Furthermore, the rising population and increasing demand for food will also be opportunistic for the global market. For instance, according to Department of Agriculture, corn plantation is expected to increase to 93.3 million acres in 2021 from 90.8 million acres in 2020.

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COVID-19 Impact Analysis

The COVID-19 pandemic positively affected the global salmon industry. The demand for packed food products surged during the COVID-19 pandemic. In addition to that, a sudden change in lifestyle and implementation of work-from-home further escalated the growth of the market.

During the pandemic, comfort food emerged as a strong trend, as consumers turn to comfort food in times of stress. Moreover, the pandemic also increased the user base on online shopping platforms, and people started adopting online methods to get groceries.

Restaurants began offering online services to abide by the regulations imposed by governments. Thus, it had been opportunistic for the industry players. This report by Astute Analytica thoroughly describes the effect of the COVID-19 pandemic on the Salmon Market with precise data and statistics.

Regional Insights

By Species segment of the Global Salmon Market is sub-segmented into:

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

By Fish Type segment of the Global Salmon Market is sub-segmented into:

  • Farmed
  • Wild

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By Product Type segment of the Global Salmon Market is sub-segmented into:

  • Frozen
  • Fresh
  • Canned
  • Others

By Distribution Channel segment of the Global Salmon Market is sub-segmented into:

  • Retail
    • E-commerce (online)
    • Brick & Mortar Stores (offline)
  • HoReCa & Wholesale
  • Processed Food Industry
  • Other Institutional Customers

By Region segment of the Global Salmon Market is sub-segmented into:

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • The UK
    • Germany
    • France
    • Italy
    • Spain
    • Poland
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • South Korea
    • Japan
    • Australia & New Zealand
    • ASEAN
    • Rest of Asia Pacific
  • Middle East & Africa (MEA)
    • UAE
    • Saudi Arabia
    • South Africa
    • Rest of MEA
  • South America
    • Argentina
    • Brazil
    • Rest of South America

Key Players Insights

Cermaq Group AS, Leroy Seafood Group ASA, Mowi ASA, SalMar ASA, AquaChile, Cooke Aquaculture Inc., Greig Seafood, Multiexport Foods S.A., Sinkaberg Hansen AS, Bremnes Seashore AS and Norway Royal Salmon ASA among others. 

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About Astute Analytica:

Astute Analytica is a global analytics and advisory company that has built a solid reputation in a short period, thanks to the tangible outcomes we have delivered to our clients. We pride ourselves in generating unparalleled, in-depth, and uncannily accurate estimates and projections for our very demanding clients spread across different verticals. We have a long list of satisfied and repeat clients from a wide spectrum including technology, healthcare, chemicals, semiconductors, FMCG, and many more. These happy customers come to us from all across the globe.

They are able to make well-calibrated decisions and leverage highly lucrative opportunities while surmounting the fierce challenges all because we analyze for them the complex business environment, segment-wise existing and emerging possibilities, technology formations, growth estimates, and even the strategic choices available. In short, a complete package. All this is possible because we have a highly qualified, competent, and experienced team of professionals comprising business analysts, economists, consultants, and technology experts. In our list of priorities, you-our patron-come at the top. You can be sure of the best cost-effective, value-added package from us, should you decide to engage with us.

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