Need help finding what you are looking for?
Contact Us
PUBLISHER: IMARC Services Private Limited | PRODUCT CODE: 1206572
PUBLISHER: IMARC Services Private Limited | PRODUCT CODE: 1206572
Salmon Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
PUBLISHED:
PAGES: 150 Pages
DELIVERY TIME: 2-3 business days
SELECT AN OPTION
The global salmon market size reached 3.5 Million Tons in 2022. Looking forward, IMARC Group expects the market to reach 4.3 Million Tons by 2028, exhibiting a growth rate (CAGR) of 3.54% during 2023-2028.
Salmon is a species of oily, ray-finned fish belonging to the family of Salmonidae. It is rich in astaxanthin, vitamins, potassium, iodine, zinc, protein, omega-3 fatty acids, and other essential nutrients. It aids in reducing the symptoms of rheumatoid arthritis and minimizing the risk of developing heart diseases, cancer, dementia, Alzheimer's, and other cognitive disorders. It also improves the functions of cells, maintains blood sugar levels, reduces inflammation, and boosts the immune system. As a result, it is widely utilized in the preparation of various food items worldwide.
Salmon Market Trends:
- Salmon is used in the preparation of commercial food dishes, such as pizza, pasta, burger, salad, and mac and cheese, which are widely served across restaurants and other food outlets. This, in confluence with the significant growth in the food and beverage (F&B) industry, represents one of the major factors bolstering the market growth. In addition, the growing consumption of seafood on account of the increasing awareness among individuals about its health benefits is influencing the market positively. This can also be attributed to a considerable shift in consumer preferences from high-calorie, carb-based food items to protein-based diets. Moreover, the rising consumption of ready-to-eat (RTE) food products due to busy lifestyles, rapid urbanization, and expanding purchasing power of individuals are catalyzing the demand for frozen and canned salmon-based products. Apart from this, the introduction of value-added products, such as smoked salmon, salmon jerky, salmon oil, salmon lox, and salmon spreads, is creating a positive outlook for the market. Furthermore, the rising farming of aquatic animals and significant improvement in seafood productivity are anticipated to provide lucrative growth opportunities to industry investors.
Key Market Segmentation:
- IMARC Group provides an analysis of the key trends in each sub-segment of the global salmon market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on type, species, end product type and distribution channel.
Breakup by Type:
- Farmed
- Wild Captured
- Farmed salmon dominates the market due to the rising preference for high-quality seafood.
Breakup by Species:
- Atlantic
- Pink
- Chum/Dog
- Coho
- Sockeye
- Others
- Atlantic species hold the largest segment as they are more nutritious than other species.
Breakup by End Product Type:
- Frozen
- Fresh
- Canned
- Others
- Frozen salmon holds the market due to its longer shelf-life and high nutritional value.
Breakup by Distribution Channel:
- Foodservice
- Retail
- The foodservice sector holds the largest market share due to the increasing consumer spending on restaurants and other dining establishments.
Regional Insights (Based on Production):
Farmed:
- Norway
- Chile
- Scotland
- Canada
- Faroe Islands
- Others
Wild Captured:
- United States
- Russia
- Japan
- Canada
- Others
Breakup by Region (Based on Consumption):
- European Union
- Russia
- United States
- Brazil
- Japan
- China
- Others
Competitive Landscape:
- The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. Some of these players are Cremaq Group ASA, Lerøy Seafood Group ASA, Mowi ASA, and SalMar ASA.
Key Questions Answered in This Report:
- 1. What was the size of the global salmon market in 2022?
- 2. What is the expected growth rate of the global salmon market during 2023-2028?
- 3. What are the key factors driving the global salmon market?
- 4. What has been the impact of COVID-19 on the global salmon market?
- 5. What is the breakup of the global salmon market based on the type?
- 6. What is the breakup of the global salmon market based on the species?
- 7. What is the breakup of the global salmon market based on the end product type?
- 8. What is the breakup of the global salmon market based on the distribution channel?
- 9. What are the key regions in the global wild captured salmon market based on the production?
- 10. What are the key regions in the global farmed salmon market based on the production?
- 11. What are the key regions in the global salmon market based on the consumption?
- 12. Who are the key companies/players in the global salmon market?
Product Code: SR1323A44_Report
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Salmon Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Type
- 6.1 Farmed
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Wild Captured
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
7 Market Breakup by Species
- 7.1 Atlantic
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Pink
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Chum/Dog
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Coho
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
- 7.5 Sockeye
- 7.5.1 Market Trends
- 7.5.2 Market Forecast
- 7.6 Others
- 7.6.1 Market Trends
- 7.6.2 Market Forecast
8 Market Breakup by End Product Type
- 8.1 Frozen
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Fresh
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Canned
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Others
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
9 Market Breakup by Distribution Channel
- 9.1 Foodservice
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 Retail
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
10 Market Breakup by Producing Region
- 10.1 Farmed
- 10.1.1 Norway
- 10.1.1.1 Market Trends
- 10.1.1.2 Market Forecast
- 10.1.2 Chile
- 10.1.2.1 Market Trends
- 10.1.2.2 Market Forecast
- 10.1.3 Scotland
- 10.1.3.1 Market Trends
- 10.1.3.2 Market Forecast
- 10.1.4 Canada
- 10.1.4.1 Market Trends
- 10.1.4.2 Market Forecast
- 10.1.5 Faroe Islands
- 10.1.5.1 Market Trends
- 10.1.5.2 Market Forecast
- 10.1.6 Others
- 10.1.6.1 Market Trends
- 10.1.6.2 Market Forecast
- 10.1.1 Norway
- 10.2 Wild Captured
- 10.2.1 United States
- 10.2.1.1 Market Trends
- 10.2.1.2 Market Forecast
- 10.2.2 Russia
- 10.2.2.1 Market Trends
- 10.2.2.2 Market Forecast
- 10.2.3 Japan
- 10.2.3.1 Market Trends
- 10.2.3.2 Market Forecast
- 10.2.4 Canada
- 10.2.4.1 Market Trends
- 10.2.4.2 Market Forecast
- 10.2.5 Others
- 10.2.5.1 Market Trends
- 10.2.5.2 Market Forecast
- 10.2.1 United States
11 Market Breakup by Consuming Region
- 11.1 European Union
- 11.1.1 Market Trends
- 11.1.2 Market Forecast
- 11.2 Russia
- 11.2.1 Market Trends
- 11.2.2 Market Forecast
- 11.3 United States
- 11.3.1 Market Trends
- 11.3.2 Market Forecast
- 11.4 Brazil
- 11.4.1 Market Trends
- 11.4.2 Market Forecast
- 11.5 Japan
- 11.5.1 Market Trends
- 11.5.2 Market Forecast
- 11.6 China
- 11.6.1 Market Trends
- 11.6.2 Market Forecast
- 11.7 Others
- 11.7.1 Market Trends
- 11.7.2 Market Forecast
12 SWOT Analysis
- 12.1 Overview
- 12.2 Strengths
- 12.3 Weaknesses
- 12.4 Opportunities
- 12.5 Threats
13 Value Chain Analysis
14 Porters Five Forces Analysis
- 14.1 Overview
- 14.2 Bargaining Power of Buyers
- 14.3 Bargaining Power of Suppliers
- 14.4 Degree of Competition
- 14.5 Threat of New Entrants
- 14.6 Threat of Substitutes
15 Price Indicators
- 15.1 Key Price Indicators
- 15.2 Price Structure
- 15.3 Price Trends
16 Salmon Processing
- 16.1 Product Overview
- 16.2 Detailed Process Flow
- 16.3 Various Types of Unit Operations Involved
- 16.4 Mass Balance and Raw Material Requirements
- 16.5 Key Success and Risk Factors
17 Project Details, Requirements and Costs Involved
- 17.1 Land, Location and Site Development
- 17.2 Construction Requirements and Expenditures
- 17.3 Plant Machinery
- 17.4 Raw Materials Requirements and Expenditures
- 17.5 Packaging Requirements and Expenditures
- 17.6 Transportation Requirements and Expenditures
- 17.7 Utilities Requirements and Expenditures
- 17.8 Manpower Requirements and Expenditures
- 17.9 Other Capital Investments
18 Loans and Financial Assistance
19 Project Economics
- 19.1 Capital Cost of the Project
- 19.2 Techno-Economic Parameters
- 19.3 Product Pricing and Margins Across Various Levels of the Supply Chain
- 19.4 Income Projections
- 19.5 Expenditure Projections
- 19.6 Taxation and Depreciation
- 19.7 Financial Analysis
- 19.8 Profit Analysis
20 Competitive Landscape
- 20.1 Market Structure
- 20.2 Market Breakup by Key Players
- 20.3 Profiles of Key Players
- 20.3.1 Cremaq Group ASA
- 20.3.2 Leroy Seafood Group ASA
- 20.3.3 Mowi ASA
- 20.3.4 SalMar ASA
Product Code: SR1323A44_Report
List of Figures
- Figure 1: Global: Salmon Market: Major Drivers and Challenges
- Figure 2: Global: Salmon Market: Production Volume (in Million Tons), 2017-2022
- Figure 3: Global: Salmon Market: Consumption Volume (in Million Tons), 2017-2022
- Figure 4: Global: Salmon Market: Consumption Value (in Billion US$), 2017-2022
- Figure 5: Global: Salmon Market: Breakup by Type (in %), 2022
- Figure 6: Global: Salmon Market: Breakup by Species (in %), 2022
- Figure 7: Global: Salmon Market: Breakup by End Product Type (in %), 2022
- Figure 8: Global: Salmon Market: Breakup by Distribution Channel (in %), 2022
- Figure 9: Global: Salmon Market: Breakup by Farmed Salmon Producing Regions (in %), 2022
- Figure 10: Global: Salmon Market: Breakup by Wild Captured Salmon Producing Regions (in %), 2022
- Figure 11: Global: Salmon Market: Breakup by Consuming Region (in %), 2022
- Figure 12: Global: Salmon Market Forecast: Production Volume (in Million Tons), 2023-2028
- Figure 13: Global: Salmon Market Forecast: Consumption Volume (in Million Tons), 2023-2028
- Figure 14: Global: Salmon Market Forecast: Consumption Value (in Billion US$), 2023-2028
- Figure 15: Global: Salmon (Farmed) Market: Production Volume (in '000 Tons), 2017 & 2022
- Figure 16: Global: Salmon (Farmed) Market Forecast: Production Volume (in '000 Tons), 2023-2028
- Figure 17: Global: Salmon (Wild Captured) Market: Production Volume (in '000 Tons), 2017 & 2022
- Figure 18: Global: Salmon (Wild Captured) Market Forecast: Production Volume (in '000 Tons), 2023-2028
- Figure 19: Global: Salmon (Atlantic) Market: Production Volume (in '000 Tons), 2017 & 2022
- Figure 20: Global: Salmon (Atlantic) Market Forecast: Production Volume (in '000 Tons), 2023-2028
- Figure 21: Global: Salmon (Pink) Market: Production Volume (in '000 Tons), 2017 & 2022
- Figure 22: Global: Salmon (Pink) Market Forecast: Production Volume (in '000 Tons), 2023-2028
- Figure 23: Global: Salmon (Chum/Dog) Market: Production Volume (in '000 Tons), 2017 & 2022
- Figure 24: Global: Salmon (Chum/Dog) Market Forecast: Production Volume (in '000 Tons), 2023-2028
- Figure 25: Global: Salmon (Coho) Market: Production Volume (in '000 Tons), 2017 & 2022
- Figure 26: Global: Salmon (Coho) Market Forecast: Production Volume (in '000 Tons), 2023-2028
- Figure 27: Global: Salmon (Sockeye) Market: Production Volume (in '000 Tons), 2017 & 2022
- Figure 28: Global: Salmon (Sockeye) Market Forecast: Production Volume (in '000 Tons), 2023-2028
- Figure 29: Global: Salmon (Others) Market: Production Volume (in '000 Tons), 2017 & 2022
- Figure 30: Global: Salmon (Others) Market Forecast: Production Volume (in '000 Tons), 2023-2028
- Figure 31: Global: Salmon (Frozen) Market: Consumption Volume (in '000 Tons), 2017 & 2022
- Figure 32: Global: Salmon (Frozen) Market Forecast: Consumption Volume (in '000 Tons), 2023-2028
- Figure 33: Global: Salmon (Fresh) Market: Consumption Volume (in '000 Tons), 2017 & 2022
- Figure 34: Global: Salmon (Fresh) Market Forecast: Consumption Volume (in '000 Tons), 2023-2028
- Figure 35: Global: Salmon (Canned) Market: Consumption Volume (in '000 Tons), 2017 & 2022
- Figure 36: Global: Salmon (Canned) Market Forecast: Consumption Volume (in '000 Tons), 2023-2028
- Figure 37: Global: Salmon (Others) Market: Consumption Volume (in '000 Tons), 2017 & 2022
- Figure 38: Global: Salmon (Others) Market Forecast: Consumption Volume (in '000 Tons), 2023-2028
- Figure 39: Global: Salmon (Foodservice) Market: Sales Volume (in '000 Tons), 2017 & 2022
- Figure 40: Global: Salmon (Foodservice) Market Forecast: Sales Volume (in '000 Tons), 2023-2028
- Figure 41: Global: Salmon (Retail) Market: Sales Volume (in '000 Tons), 2017 & 2022
- Figure 42: Global: Salmon (Retail) Market Forecast: Sales Volume (in '000 Tons), 2023-2028
- Figure 43: Norway: Farmed Salmon Market: Production Volume (in '000 Tons), 2017 & 2022
- Figure 44: Norway: Farmed Salmon Market Forecast: Production Volume (in '000 Tons), 2023-2028
- Figure 45: Chile: Farmed Salmon Market: Production Volume (in '000 Tons), 2017 & 2022
- Figure 46: Chile: Farmed Salmon Market Forecast: Production Volume (in '000 Tons), 2023-2028
- Figure 47: Scotland: Farmed Salmon Market: Production Volume (in '000 Tons), 2017 & 2022
- Figure 48: Scotland: Farmed Salmon Market Forecast: Production Volume (in '000 Tons), 2023-2028
- Figure 49: Canada: Farmed Salmon Market: Production Volume (in '000 Tons), 2017 & 2022
- Figure 50: Canada: Farmed Salmon Market Forecast: Production Volume (in '000 Tons), 2023-2028
- Figure 51: Faroe Islands: Farmed Salmon Market: Production Volume (in '000 Tons), 2017 & 2022
- Figure 52: Faroe Islands: Farmed Salmon Market Forecast: Production Volume (in '000 Tons), 2023-2028
- Figure 53: Others: Farmed Salmon Market: Production Volume (in '000 Tons), 2017 & 2022
- Figure 54: Others: Farmed Salmon Market Forecast: Production Volume (in '000 Tons), 2023-2028
- Figure 55: United States: Wild Captured Salmon Market: Production Volume (in '000 Tons), 2017 & 2022
- Figure 56: United States: Wild Captured Salmon Market Forecast: Production Volume (in '000 Tons), 2023-2028
- Figure 57: Russia: Wild Captured Salmon Market: Production Volume (in '000 Tons), 2017 & 2022
- Figure 58: Russia: Wild Captured Salmon Market Forecast: Production Volume (in '000 Tons), 2023-2028
- Figure 59: Japan: Wild Captured Salmon Market: Production Volume (in '000 Tons), 2017 & 2022
- Figure 60: Japan: Wild Captured Salmon Market Forecast: Production Volume (in '000 Tons), 2023-2028
- Figure 61: Canada: Wild Captured Salmon Market: Production Volume (in '000 Tons), 2017 & 2022
- Figure 62: Canada: Wild Captured Salmon Market Forecast: Production Volume (in '000 Tons), 2023-2028
- Figure 63: Others: Wild Captured Salmon Market: Production Volume (in '000 Tons), 2017 & 2022
- Figure 64: Others: Wild Captured Salmon Market Forecast: Production Volume (in '000 Tons), 2023-2028
- Figure 65: European Union: Salmon Market: Consumption Volume (in '000 Tons), 2017 & 2022
- Figure 66: European Union: Salmon Market Forecast: Consumption Volume (in '000 Tons), 2023-2028
- Figure 67: Russia: Salmon Market: Consumption Volume (in '000 Tons), 2017 & 2022
- Figure 68: Russia: Salmon Market Forecast: Consumption Volume (in '000 Tons), 2023-2028
- Figure 69: United States: Salmon Market: Consumption Volume (in '000 Tons), 2017 & 2022
- Figure 70: United States: Salmon Market Forecast: Consumption Volume (in '000 Tons), 2023-2028
- Figure 71: Brazil: Salmon Market: Consumption Volume (in '000 Tons), 2017 & 2022
- Figure 72: Brazil: Salmon Market Forecast: Consumption Volume (in '000 Tons), 2023-2028
- Figure 73: Japan: Salmon Market: Consumption Volume (in '000 Tons), 2017 & 2022
- Figure 74: Japan: Salmon Market Forecast: Consumption Volume (in '000 Tons), 2023-2028
- Figure 75: China: Salmon Market: Consumption Volume (in '000 Tons), 2017 & 2022
- Figure 76: China: Salmon Market Forecast: Consumption Volume (in '000 Tons), 2023-2028
- Figure 77: Others: Salmon Market: Consumption Volume (in '000 Tons), 2017 & 2022
- Figure 78: Others: Salmon Market Forecast: Consumption Volume (in '000 Tons), 2023-2028
- Figure 79: Global: Salmon Industry: SWOT Analysis
- Figure 80: Global: Salmon Industry: Value Chain Analysis
- Figure 81: Global: Salmon Industry: Porter's Five Forces Analysis
- Figure 82: Global: Salmon Market: Average Prices (in US$/Ton), 2017-2022
- Figure 83: Global: Salmon Market Forecast: Average Prices (in US$/Ton), 2023-2028
- Figure 84: Salmon Market: Price Structure Analysis (in %)
- Figure 85: Salmon Industry: Profit Margins at Various Levels of the Supply Chain
- Figure 86: Salmon Processing Plant: Detailed Process Flow
- Figure 87: Salmon Processing Plant: Various Types of Unit Operations Involved
- Figure 88: Salmon Processing: Conversion Rate of Feedstocks
- Figure 89: Salmon Processing Plant: Breakup of Capital Costs (in %)
- Figure 90: Salmon Industry: Profit Margins at Various Stages of Supply Chain
- Figure 91: Salmon Processing Plant: Breakup of Operational Costs
- Figure 92: Global: Salmon Market: Breakup by Key Players (in %)
List of Tables
- Table 1: Global: Salmon Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: Salmon Market Forecast: Breakup by Type (in '000 Tons), 2023-2028
- Table 3: Global: Salmon Market Forecast: Breakup by Species (in '000 Tons), 2023-2028
- Table 4: Global: Salmon Market Forecast: Breakup by End Product Type (in '000 Tons), 2023-2028
- Table 5: Global: Salmon Market Forecast: Breakup by Distribution Channel (in '000 Tons), 2023-2028
- Table 6: Global: Salmon Market Forecast: Breakup by Producing Regions (in '000 Tons), 2023-2028
- Table 7: Global: Salmon Market Forecast: Breakup by Consuming Region (in '000 Tons), 2023-2028
- Table 8: Global: Salmon Market: Competitive Structure
- Table 9: Global: Salmon Market: Key Players
- Table 10: Salmon Processing Plant: Raw Material Requirements (in Tons/Day)
- Table 11: Salmon Processing Plant: Costs Related to Land and Site Development (in US$)
- Table 12: Salmon Processing Plant: Costs Related to Civil Works (in US$)
- Table 13: Salmon Processing Plant: Costs Related to Plant and Machinery (in US$)
- Table 14: Salmon Processing Plant: Raw Material Requirements (in Tons/Day) and Expenditures (US$/Ton)
- Table 15: Salmon Processing Plant: Utility Requirements and Expenditures
- Table 16: Salmon Processing Plant: Costs Related to Salaries and Wages (in US$)
- Table 17: Salmon Processing Plant: Costs Related to Other Capital Investments (in US$)
- Table 18: Details of Financial Assistance Offered by Financial Institutions
- Table 19: Salmon Processing Plant: Capital Costs (in US$)
- Table 20: Salmon Processing Plant: Techno-Economic Parameters
- Table 21: Salmon Processing Plant: Income Projections (in US$)
- Table 22: Salmon Processing Plant: Expenditure Projections (in US$)
- Table 23: Salmon Processing Plant: Taxation (in US$/Year)
- Table 24: Salmon Processing Plant: Depreciation (in US$/Year)
- Table 25: Salmon Processing Plant: Cash Flow Analysis Without Considering the Income Tax Liability (in US$)
- Table 26: Salmon Processing Plant: Profit and Loss Account (in US$)
Have a question?
SELECT AN OPTION
Have a question?
Questions? Please give us a call or visit the contact form.