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Title Salmon Market Size, Trends, Growth and Outlook Report 2025-2033
Category Business --> Food and Related
Meta Keywords Salmon Market
Owner akshaykumar
Description

Market Overview

The global salmon market was valued at 3.7 Million Tons in 2024 and is forecasted to reach 4.8 Million Tons by 2033, growing at a CAGR of 3.0% during 2025-2033. The rising consumption of seafood worldwide, increasing disposable incomes, favorable policies, and demand for value-added salmon products drive growth. The market is characterized by advancements in aquaculture technologies, sustainable practices, and expanding digital supply chains.

Study Assumption Years

  • Base Year: 2024
  • Historical Years: 2019-2024
  • Forecast Period: 2025-2033

Salmon Market Key Takeaways

  • The global salmon market size was 3.7 Million Tons in 2024.
  • The market is projected to grow at a CAGR of 3.0% during 2025-2033.
  • Forecasted market size will reach 4.8 Million Tons by 2033.
  • The European Union holds the largest consumption market share at over 46.3% in 2024.
  • Market expansion is driven by investments in aquaculture technology improving fish disease resistance and yield.
  • The United States shows significant growth driven by rising domestic production and consumer preference for organic and antibiotic-free seafood.
  • E-commerce accounted for 16.4% of total salmon sales in Q4 2024, highlighting growing digital influence.

Sample Request Link: https://www.imarcgroup.com/salmon-market/requestsample

Market Growth Factors

The salmon market is driven by the health benefits of salmon. Salmon is high in Omega-3 fatty acids, protein, and vitamins. As of 2023, 36% of the US population is on a healthy eating diet, and demand is increasing especially among middle-aged and older US consumers. Public health campaigns and recommendations by medical professionals for cardiovascular and cognitive benefits have also increased the fish's popularity.

Production also increased due to improvements in aquaculture technology such as recirculating aquaculture systems (RAS), and improved fish feed formulations. On 27 November 2024, Multi-gen Akva in Norway presented a modular RAS system for closed sea farming of fish which removes viruses and bacteria through ultrafiltration, and is a zero-emissions system powered by sludge and cleaned process water. This reduces water and antibiotic pollution, as well as targeting environmentally conscious consumers, and opens up possibilities for increased production.

Other drivers of the market include the rise of global seafood retailers and restaurants. Overall, worldwide fish consumption per capita is growing incrementally, with fish per capita consumption rising 81.43% over 15 years to 8.89 kg. National chains have adjusted their menus to local tastes and expanded take-out and delivery services, with the growth of the food delivery app ecosystem, increasing salmon consumption and demand in a global market.

Market Segmentation

By Type:

  • Farmed: Leading the market with approximately 75.51% share in 2024. Farmed salmon offer stable, year-round supply with technological advancements facilitating higher yields, cost efficiency, quality assurance, and sustainability compared to wild-caught variants.
  • Wild Captured

By Species:

  • Atlantic: Dominates with around 63.7% of market share in 2024. Atlantic salmon is favored for its versatile flavor, adaptability to aquaculture, broad availability, and strong marketing as a high-quality, reasonably priced option.
  • Pink
  • Chum/Dog
  • Coho
  • Sockeye
  • Others

By End Product Type:

  • Frozen: Leading segment with about 58.3% share in 2024. Frozen salmon preserves nutrition and taste, offers convenience, longer shelf life, reduces spoilage, and enables wider distribution than fresh salmon.
  • Fresh
  • Canned
  • Others

By Distribution Channel:

  • Foodservice: Commanding 66.6% market share in 2024 due to salmon's versatility and flavor in diverse dining establishments and growing popularity of dining out and meal delivery services.
  • Retail

Regional Insights

The European Union dominates salmon consumption with over 46.3% market share in 2024, supported by strong seafood cultural affinity, proximity to producers like Norway and Scotland, well-established supply chains, and high consumer disposable incomes. The EU's stringent food safety standards and sustainability certifications also boost consumer trust and demand.

Recent Developments & News

  • February 2025: Salmon Evolution, partnered with Lofotprodukt, launched Norway's first smoked salmon from a land-based facility under the premium Lofoten brand, available in Meny and select Spar stores.
  • February 2025: Pan Ocean Aquaculture (POA) of the Netherlands plans to develop a salmon-producing vessel with a fully-enclosed aquaculture system for ocean transport and farming.
  • July 2024: Captain Fresh acquired Polish company Koral to expand its branded salmon product reach, strengthening its position in the USD 33.5 Billion salmon market.
  • March 2024: Eleven salmon farmers in Chile collaborated with government agencies and industry bodies to enhance vaccine availability aiming to reduce antibiotic usage and combat bacterial diseases in salmon farming.

Key Players

  • AquaChile S.A. (Agrosuper S.A.)
  • Atlantic Sapphire
  • Australis Seafoods
  • Bakkafrost P/F
  • BluGlacier, LLC
  • Camanchaca S.A.
  • Cermaq Group AS (Mitsubishi Corporation)
  • Grieg Seafood ASA
  • Lerøy Seafood Group ASA
  • Mowi ASA
  • SalMar ASA
  • Tassal Group Limited (Cooke Aquaculture Inc.)

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

Request For Customization: https://www.imarcgroup.com/request?type=report&id=974&flag=E

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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 provide a comprehensive suite of market entry and expansion services. IMARC offerings include 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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