Vikas Chauhan

Global Salmon Market Size, Growth, Trends, Analysis, Report 2024-2032

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IMARC Group, a leading market research company, has recently releases report titled “Salmon Market Report by Type (Farmed, Wild Captured), Species (Atlantic, Pink, Chum/Dog, Coho, Sockeye, and Others), End Product Type (Frozen, Fresh, Canned, and Others), Distribution Channel (Foodservice, Retail), and Region 2024-2032”, Offers a comprehensive analysis of the industry, which comprises insights on the global salmon market. The global salmon market size reached 3.6 Million Tons in 2023. Looking forward, IMARC Group expects the market to reach 4.8 Million Tons by 2032, exhibiting a growth rate (CAGR) of 3.1% during 2024-2032. Factors Affecting the Growth of the Salmon Industry: The increasing awareness of the health benefits associated with consuming salmon is a significant driver in the market. Salmon is rich in omega-3 fatty acids, high-quality proteins, vitamins, and minerals, making it a popular choice among health-conscious consumers. Apart from this, the rising prevalence of lifestyle-related diseases and the growing emphasis on nutritious diets have led to a surge in demand for salmon as a healthy protein source. This trend is driving consumption across various demographics, including fitness enthusiasts, wellness seekers, and individuals seeking dietary alternatives. Economic growth and urbanization play a vital role in driving demand for salmon, particularly in emerging markets. As disposable incomes rise and urban populations expand, there is an increasing preference for convenient and high-quality protein sources like salmon. The growing middle-class population in countries such as China, India, and Brazil, along with changing dietary preferences and lifestyles, contribute to the increasing demand for salmon products. Additionally, urbanization leads to the proliferation of modern retail channels and food service outlets, providing easier access to salmon products for consumers. Sustainable aquaculture practices are becoming increasingly important in the salmon market. Concerning overfishing and environmental degradation, consumers, retailers, and regulators are placing greater emphasis on sustainable sourcing and production methods. Salmon producers are implementing measures to reduce environmental impact, including responsible fish farming practices, minimizing pollution, and improving feed efficiency. Certifications such as Aquaculture Stewardship Council (ASC) and Marine Stewardship Council (MSC) further validate sustainable practices and enhance consumer trust. As sustainability continues to be a key consideration for consumers, demand for responsibly sourced salmon is expected to grow, driving market expansion, and encouraging industry players to adopt environmentally friendly practices.

For an in-depth analysis, you can refer sample copy of the report : https://www.imarcgroup.com/salmon-market/requestsample

Leading Companies Operating in the Global Salmon Industry:

  Salmon Market Report Segmentation: The report has segmented the market into the following categories: By Type: Farmed salmon represents the leading segment due to its consistent supply, controlled environment, and cost-effectiveness. By Species: Atlantic accounts for the largest market share owing to its widespread availability, mild flavor, and versatility in culinary applications. By Product Type: Frozen represents the largest segment as it offers longer shelf life, convenience, and availability throughout the year, catering to diverse consumer preferences and retail needs. By Distribution Channel: Foodservice holds the majority of the market share on account of its demand from restaurants, hotels, catering services, and institutional buyers seeking quality and consistency in salmon products. Regional Insights (Based on Production): Farmed: Wild Captured: Norway and the United States's dominance in the salmon market is attributed to their advanced aquaculture infrastructure, favorable geographical conditions, and strict adherence to quality standards, resulting in high-quality salmon production. Regional Insights (Based on Consumption): The European Union’s dominance in the salmon market is attributed to its affluent consumer base, strong culinary traditions, and high demand for seafood products, making it a key market for both domestic and imported salmon. Global Salmon Market Trends: The global salmon market is primarily driven by the increasing adoption of healthy eating habits and the growing awareness of the nutritional benefits associated with salmon consumption drive demand among health-conscious consumers worldwide. Additionally, economic growth and urbanization contribute to rising disposable incomes and changing dietary preferences, particularly in emerging markets, further fueling the demand for salmon products. Moreover, rising sustainable aquaculture practices, with consumers, retailers, and regulators emphasizing responsible sourcing and production methods is another major growth-inducing factor. Certifications such as ASC and MSC validate sustainable practices, enhancing consumer trust and driving demand for responsibly sourced salmon, thus contributing to market growth. If you require any specific information that is not currently covered within the scope of the report, we will provide the same as a part of the customization.

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