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2021
Salmon Market

Salmon Market by Type (Chinook Salmon, Coho Salmon, Pink Salmon, Red Salmon, Silverbrite Salmon, and Salmo Salar), End Product Type (Fresh, Frozen, Canned, and Others), and Distribution Channel (Retail Stores, Supermarkets/Hypermarkets, and Online Sales Channels): Global Opportunity Analysis and Industry Forecast, 2021–2028

A12024
Pages: 270
Jul 2021 | 914 Views
   
Author(s) : Aniket Kadam , Roshan Deshmukh
Tables: 134
Charts: 70
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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The global salmon market size was valued at $50,170.0 million in 2020, and is estimated to reach $76,145.3 million by 2028, registering a CAGR of 3.7% from 2021 to 2028. 

Salmon is commonly defined as an oily fish with rich content of protein and omega-3 fatty acids. Most Atlantic salmon available in the global market are farmed, whereas the majority of Pacific salmon are wild-caught. Salmon is available in different varieties such as chinook, coho, pink, red, salmo salar, and silverbrite. The demand for salmon is rapidly increasing globally due to the health benefits it provides such as reduced heart disease, maintaining body mass index, and growth & development of bones.

Salmon-Market-2021-2028

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The growing health consciousness, sedentary lifestyle habits, growing obesity among population, and rising disposable income are the factors fostering the demand for salmon fish. Consumers are more focused on adding protein rich food in their diets and hence salmon is added in the preparation of various food items such as pasta, patties, burgers, and rice dishes. Moreover, keeping in view the demand for salmon, manufacturers have come up with different salmon products such as smoked salmon, salmon oil, salmon spreads, frozen salmon, and canned salmon to serve different preferences of wide consumer base.

Furthermore, the demand for frozen and canned salmon is growing exponentially due to the rising number of working population. The busy and hectic lifestyle has led to the growth of ready-to-eat food products.

According to the United Nations, the demand for the salmon in few European countries, U.S., and Japan is diminishing while the growth potential is high in Asia-Pacific and Latin America. The growing demand for salmon in emerging markets like Asia-Pacific and Latin America is offering lucrative growth opportunities to the players operating in the global salmon market. According to a report of United Nations, the demand for salmon is so high that it can absorb around 6% to 7% of excess supply per year without any fluctuations in the price levels. Moreover, demand for eco-labelled farmed salmon is rising rapidly and preference for fresh food products is trending in the salmon market. 

Global food demand is rising, and serious questions remain about whether supply can increase sustainably. Hence, scaling up the production of land-derived food crops is challenging because of declining yield rates and competition for scarce land and water resources. Moreover, low-input aquaculture in worldwide is geared to providing food and diversification of income for the salmon farmer. The fishes such as salmon maintain their own populations and feed on the natural productivity of small ponds supplemented by household vegetable wastes and composts. In addition, salmon farming combined with the cultivation of cereal crops and vegetables, it can make a unique contribution to the economies and nutritional levels. Furthermore, contribution of food from the sea to global food supply will depend on convenient range of ecological, economic, policy and technological factors which boost the growth of salmon market. 

However, there are certain factors that may restrict the further growth of the salmon market. The revelation of cruelty acts on animals at animal farms and slaughterhouses is one important constraint hindering the market growth. Moreover, the growth of the vegan population is on the rise and is expected to grow significantly around the globe. The awareness programs conducted by NGOs like PETA (People for Ethical Treatment of Animals) regarding animal welfare and animal rights, may encourage people to adopt veganism. This is a major threat to the global salmon market during the forecast period.

The salmon market is segmented on the basis of type, end product type, distribution channel, and region. By type, the market is divided into chinook salmon, coho salmon, pink salmon, red salmon, salmo salar, silverbrite salmon. By end product type, the market is classified into fresh, frozen, canned and others. By distribution channel, it is fragmented into retail stores, online sales channel and supermarkets/hypermarkets. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

According to the salmon market forecast, on the basis of type, the pink salmon segment was the highest contributor to the market, accounting for $13,402.7 million in 2020, and is expected to sustain its significance during the forecast period, owing to its lower fat content as compare to other types of salmon due to this it is widely preferred by consumer in the salmon market. In addition, it derives 64 percent of its calories from protein that play important roles in manufacturing, repairing and maintaining cells as well as it is vital to fetal and childhood growth and development. 

Salmon Market
By Type

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Pink Salmon segment dominates the market and is expected to retain its dominance throughout the forecast period.

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Based on end product type, the fresh segment is the largest segment. It garnered market share of around 54.6% in 2020. Purchasing and eating freshly harvested is the best way to ensure no preservatives, chemicals, or dyes have been added in food. In addition, fresh salmon actually loses its nutritional value over time so it is supposed to consume quickly as more nutrients that can be gained from it.

Salmon Market
By End Product Type

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Frozen segment is expected to grow at a highest CAGR of 5.2% during the forecast period.

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By distribution channel, the retail stores segment was the prominent segment, owing to high popularity and wide scale penetration in leading salmon markets. Retail stores allows customers to see product including seafood such as salmon quite close and as opposed to online stores it provides instant gratification because the customer walks away with their purchases immediately. In addition, friendly and helpful staff also helps to build customer loyalty by offering good quality salmon that makes consumers to visit again and again.

Salmon Market
By Distribution Channel

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Online sales channel segment is expected to grow at a highest CAGR of 5.3% during the forecast period.

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According to the global salmon market analysis, in 2020, Asia-Pacific dominated the market, garnering around 38.9% of the global salmon market share, followed by Europe. In Asia-Pacific, salmon market is growing significantly, owing to increasing consumer awareness in the region. Salmon is anticipated to gain maximum demand in the region, owing to higher demand of seafood containing higher nutrition value.

Consumers have become health conscious and are attracted toward fishes such as bluefin tuna, Chilean sea bass, tilefish, imported marlin, because some of this fish contains too much mercury. 

Salmon Market
By Region

2028
Asia-pacific 
North America
Europe
Lamea

Asia-Pacific dominated the market in 2019 and is expected to grow with a CAGR of 5.2% during the forecast period

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Key players operating in the salmon market include Cremaq Group ASA, Leroy Seafood Group ASA, Mowi ASA, SalMar ASA, Bakkafrost, Greig Seafood, Blumar, Salmones Camanchaca, Nova Sea, Alsaker Fjordbruk, Nordlaks. Other noticeable players in these markets are Cooke Aquaculture, Multiexport, Australis Seafoods, Alsaker Fjordbruk and AquaChile.

Benefits For Stakeholders

  • The report provides a quantitative analysis of the current salmon market trends, estimations, and dynamics of the market size from 2020 to 2028 to identify the prevailing opportunities.
  • Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier–buyer network.
  • In-depth analysis and the market size and segmentation assist to determine the prevailing salmon market opportunities.
  • The major countries in each region are mapped according to their revenue contribution to the market. 
  • The market player positioning segment facilitates benchmarking and provides a clear understanding of the present position of the market players in the salmon industry.

Key market segments

By Type

  • Chinook Salmon
  • Coho Salmon
  • Pink Salmon
  • Red Salmon
  • Salmo Salar
  • Silverbrite Salmon

By End product type

  • Fresh
  • Frozen
  • Canned 
  • Others

By Distribution channel

  • Retail stores
  • Hypermarket/Supermarket
  • Online sales channels

By Region

  • North America
    • U.S
    • Canada
    • Mexico
  • Europe
    • UK
    • Iceland
    • Netherlands
    • Norway
    • Denmark
    • Rest of Europe
  • Asia-Pacific
    • China
    • India
    • Indonesia
    • Japan
    • Vietnam
    • Rest of Asia-Pacific
  • LAMEA
    • Chile
    • Argentina
    • Brazil
    • Rest of LAMEA
 

CHAPTER 1:INTRODUCTION

1.1.Report description
1.2.Key benefits for stakeholders
1.3.Key market segments
Source: Primary and Secondary Research and AMR Analysis
1.4.Research methodology

1.4.1.Secondary research
1.4.2.Primary research
1.4.3.Analyst tools and models

CHAPTER 2:EXECUTIVE SUMMARY
Key findings of the study

2.1.Snapshot
2.2.Key findings

2.2.1.Top investment pocket

2.3.CXO perspective

CHAPTER 3:MARKET OVERVIEW

3.1.Market definition and scope
3.2.Key forces shaping global salmon industry/market

3.2.1.Bargaining power of suppliers
3.2.2.Bargaining power of buyers
3.2.3.Thereat of substitution
3.2.4.Threat of new entrants
3.2.5.Intensity of competitive rivalry

3.3.Market dynamics

3.3.1.Drivers

3.3.1.1.Rise in fish production to meet food supply
3.3.1.2.Changes in lifestyle and rise in demand for nutritious rich diet
3.3.1.3.Technological advancements in the field of fish harvesting/aquaculture

3.3.2.Restraint

3.3.2.1.Rise in the act of animal cruelty in animal farms and slaughterhouses
3.3.2.2.Adoption of veganism

3.3.3.Opportunity

3.3.3.1.Evolution in inland fishing and use of more sustainable technology in salmon fish farming
3.3.3.2.Breeding of salmon to have enhanced quality of salmon

3.3.4.COVID-19 Impact Analysis

CHAPTER 4:GLOBAL SALMON MARKET, BY TYPE

4.1.Overview

4.1.1.Market size and forecast

4.2.Chinook Salmon

4.2.1.Key market trends, growth factors, and opportunities
4.2.2.Market size and forecast
4.2.3.Market analysis, by country

4.3.Coho Salmon

4.3.1.Key market trends, growth factors, and opportunities
4.3.2.Market size and forecast
4.3.3.Market analysis, by country

4.4.Pink Salmon

4.4.1.Key market trends, growth factors, and opportunities
4.4.2.Market size and forecast
4.4.3.Market analysis, by country

4.5.Red Salmon

4.5.1.Key market trends, growth factors, and opportunities
4.5.2.Market size and forecast
4.5.3.Market analysis, by country

4.6.Salmo Salar

4.6.1.Key market trends, growth factors, and opportunities
4.6.2.Market size and forecast
4.6.3.Market analysis, by country

4.7.Silverbrite Salmon

4.7.1.Key market trends, growth factors, and opportunities
4.7.2.Market size and forecast
4.7.3.Market analysis, by country

CHAPTER 5:GLOBAL SALMON MARKET, BY END PRODUCT TYPE

5.1.Overview

5.1.1.Market size and forecast

5.2.Fresh

5.2.1.Key market trends, growth factors, and opportunities
5.2.2.Market size and forecast
5.2.3.Market analysis, by country

5.3.Frozen

5.3.1.Key market trends, growth factors, and opportunities
5.3.2.Market size and forecast
5.3.3.Market analysis, by country

5.4.Canned

5.4.1.Key market trends, growth factors, and opportunities
5.4.2.Market size and forecast
5.4.3.Market analysis, by country

5.5.Others

5.5.1.Key market trends, growth factors, and opportunities
5.5.2.Market size and forecast
5.5.3.Market analysis, by country

CHAPTER 6:GLOBAL SALMON MARKET, BY DISTRIBUTION CHANNEL

6.1.Overview

6.1.1.Market size and forecast

6.2.Retail Stores

6.2.1.Key market trends, growth factors, and opportunities
6.2.2.Market size and forecast
6.2.3.Market analysis, by country

6.3.Supermarkets/Hypermarkets

6.3.1.Key market trends, growth factors, and opportunities
6.3.2.Market size and forecast
6.3.3.Market analysis, by country

6.4.Online  Sales Channels

6.4.1.Key market trends, growth factors, and opportunities
6.4.2.Market size and forecast
6.4.3.Market analysis, by country

CHAPTER 7:SALMON MARKET, BY REGION

7.1.Overview

7.1.1.Market size and forecast

7.2.North America

7.2.1.Key market trends, growth factors, and opportunities
7.2.2.Market size and forecast, by type
7.2.3.Market size and forecast, by end product type
7.2.4.Market size and forecast, by distribution channel
7.2.5.Market size and forecast, by Country
7.2.6.U.S.

7.2.6.1.Market size and forecast, type
7.2.6.2.Market size and forecast, by end product type
7.2.6.3.Market size and forecast, by distribution channel

7.2.7.Canada

7.2.7.1.Market size and forecast, by type
7.2.7.2.Market size and forecast, by end product type
7.2.7.3.Market size and forecast, by distribution channel

7.2.8.Mexico

7.2.8.1.Market size and forecast, by type
7.2.8.2.Market size and forecast, by end product type
7.2.8.3.Market size and forecast, by distribution channel

7.3.Europe

7.3.1.Key market trends, growth factors, and opportunities
7.3.2.Market size and forecast, by type
7.3.3.Market size and forecast, by end product type
7.3.4.Market size and forecast, by distribution channel
7.3.5.Market size and forecast, by Country

7.3.6.UK

7.3.6.1.Market size and forecast, by type
7.3.6.2.Market size and forecast, by end product type
7.3.6.3.Market size and forecast, by distribution channel

7.3.7.Iceland

7.3.7.1.Market size and forecast, by type
7.3.7.2.Market size and forecast, by end product type
7.3.7.3.Market size and forecast, by distribution channel

7.3.8.Netherlands

7.3.8.1.Market size and forecast, by type
7.3.8.2.Market size and forecast, by end product type
7.3.8.3.Market size and forecast, by distribution channel

7.3.9.Norway

7.3.9.1.Market size and forecast, by type
7.3.9.2.Market size and forecast, by end product type
7.3.9.3.Market size and forecast, by distribution channel

7.3.10.Denmark

7.3.10.1.Market size and forecast, by type
7.3.10.2.Market size and forecast, by end product type
7.3.10.3.Market size and forecast, by distribution channel

7.3.11.Rest of Europe

7.3.11.1.Market size and forecast, by type
7.3.11.2.Market size and forecast, by end product type
7.3.11.3.Market size and forecast, by distribution channel

7.4.Asia-Pacific

7.4.1.Key market trends, growth factors, and opportunities
7.4.2.Market size and forecast, by type
7.4.3.Market size and forecast, by end product type
7.4.4.Market size and forecast, by distribution channel
7.4.5.Market size and forecast, by Country
7.4.6.China

7.4.6.1.Market size and forecast, by type
7.4.6.2.Market size and forecast, by end product type
7.4.6.3.Market size and forecast, by distribution channel

7.4.8.India

7.4.8.1.Market size and forecast, by type
7.4.8.2.Market size and forecast, by end product type
7.4.8.3.Market size and forecast, by distribution channel

7.4.9.Indonesia

7.4.9.1.Market size and forecast, by type
7.4.9.2.Market size and forecast, by end product type
7.4.9.3.Market size and forecast, by distribution channel

7.4.10.Japan

7.4.10.1.Market size and forecast, by type
7.4.10.2.Market size and forecast, by end product type
7.4.10.3.Market size and forecast, by distribution channel

7.4.11.Vietnam

7.4.11.1.Market size and forecast, by type
7.4.11.2.Market size and forecast, by end product type
7.4.11.3.Market size and forecast, by distribution channel

7.4.12.Rest of Asia-Pacific

7.4.12.1.Market size and forecast, by type
7.4.12.2.Market size and forecast, by end product type
7.4.12.3.Market size and forecast, by distribution channel

7.5.LAMEA

7.5.1.Key market trends, growth factors, and opportunities
7.5.2.Market size and forecast, by type
7.5.3.Market size and forecast, by end product type
7.5.4.Market size and forecast, by distribution channel
7.5.5.Market size and forecast, by Country
7.5.6.Chile

7.5.6.1.Market size and forecast, by type
7.5.6.2.Market size and forecast, by end product type
7.5.6.3.Market size and forecast, by distribution channel

7.5.7.Argentina

7.5.7.1.Market size and forecast, by type
7.5.7.2.Market size and forecast, by end product type
7.5.7.3.Market size and forecast, by distribution channel

7.5.8.Brazil

7.5.8.1.Market size and forecast, by type
7.5.8.2.Market size and forecast, by end product type
7.5.8.3.Market size and forecast, by distribution channel

7.5.9.Rest of LAMEA

7.5.9.1.Market size and forecast, by type
7.5.9.2.Market size and forecast, by end product type
7.5.9.3.Market size and forecast, by distribution channel

CHAPTER 8:COMPETITION LANDSCAPE

8.1.Top winning strategies
8.2.Product mapping
8.3.Competitive dashboard
8.4.Competitive heat map
8.5.Key developments

8.5.1.Acquisition
8.5.2.Business Expansion
8.5.3.Product Launch

CHAPTER 9:COMPANY PROFILES

9.1.Bakkafrost

9.1.1.Company overview
9.1.2.Key Executives
9.1.3.Company snapshot
9.1.4.Operating business segments
9.1.5.Product portfolio
9.1.6.Business performance
9.1.7.Key strategic moves and developments

9.2.Blumar SA

9.2.1.Company overview
9.2.2.Key Executives
9.2.3.Company snapshot
9.2.4.Operating business segments
9.2.5.Product portfolio
9.2.6.Business performance
9.2.7.Key strategic moves and developments

9.3.Cremaq Group ASA

9.3.1.Company overview
9.3.2.Key Executives
9.3.3.Company snapshot
9.3.4.Product portfolio
9.3.5.Business performance

9.4.Greig Seafood

9.4.1.Company overview
9.4.2.Key Executives
9.4.3.Company snapshot
9.4.4.Operating business segments
9.4.5.Product portfolio
9.4.6.Business performance
9.4.7.Key strategic moves and developments

9.5.Leroy Seafood Group ASA

9.5.1.Company overview
9.5.2.Key Executives
9.5.3.Company snapshot
9.5.4.Operating business segments
9.5.5.Product portfolio
9.5.6.Business performance

9.6.Mowi ASA

9.6.1.Company overview
9.6.2.Key Executives
9.6.3.Company snapshot
9.6.4.Operating business segments
9.6.5.Product portfolio
9.6.6.R&D Expenditure
9.6.7.Business performance

9.6.8.Key strategic moves and developments

9.7.Nordlaks

9.7.1.Company overview
9.7.2.Key Executives
9.7.3.Company snapshot
9.7.4.Product portfolio
9.7.5.Key strategic moves and developments

9.8.Nova Sea

9.8.1.Company overview
9.8.2.Key Executives
9.8.3.Company snapshot
9.8.4.Product portfolio

9.9.SalMar ASA

9.9.1.Company overview
9.9.2.Key Executives
9.9.3.Company snapshot
9.9.4.Operating business segments
9.9.5.Product portfolio
9.9.6.Business performance
9.9.7.Key strategic moves and developments

9.10.Salmones Camanchaca

9.10.1.Company overview
9.10.2.Key Executives
9.10.3.Company snapshot
9.10.4.Product portfolio

LIST OF TABLES

TABLE 01.GLOBAL SALMON,MARKET BY TYPE, 2020–2028 ($MILLION)
TABLE 02.CHINOOK SALMON MARKET, BY REGION, 2020–2028 ($MILLION)
TABLE 03.COHO SALMON MARKET, BY REGION, 2020–2028 ($MILLION)
TABLE 04.PINK SALMON MARKET, BY REGION, 2020–2028 ($MILLION)
TABLE 05.RED SALMON MARKET, BY REGION, 2020–2028 ($MILLION)
TABLE 06.SALMO SALAR SALMON MARKET, BY REGION, 2020–2028 ($MILLION)
TABLE 07.SILVERBRITE SALMON MARKET, BY REGION, 2020–2028 ($MILLION)
TABLE 08.GLOBAL SALMON MARKET, BY END PRODUCT TYPE, 2020–2028 ($MILLION)
TABLE 09.FRESH SALMON MARKET, BY REGION, 2020–2028 ($MILLION)
TABLE 10.FROZEN SALMON MARKET, BY REGION, 2020–2028 ($MILLION)
TABLE 11.CANNED SALMON MARKET, BY REGION, 2020–2028 ($MILLION)
TABLE 12.SALMON MARKET FOR OTHERS, BY REGION, 2020–2028 ($MILLION)
TABLE 13.GLOBAL SALMON MARKET, BY DISTRIBUTION CHANNEL, 2020–2028 ($MILLION)
TABLE 14.SALMON MARKET FOR RETAIL STORES, BY REGION, 2020–2028 ($MILLION)
TABLE 15.SALMON MARKET FOR HYPERMARKET/SUPERMARKET, BY REGION, 2020–2028 ($MILLION)
TABLE 16.SALMON MARKET FOR ONLINE SALES CHANNELS, BY REGION, 2020–2028 ($MILLION)
TABLE 17.GLOBAL SALMON MARKET, BY REGION, 2020–2028 ($MILLION)
TABLE 18.NORTH AMERICA SALMON MARKET, BY TYPE, 2020–2028 ($MILLION)
TABLE 19.NORTH AMERICA SALMON MARKET, BY END PRODUCT TYPE, 2020–2028 ($MILLION)
TABLE 20.NORTH AMERICA SALMON MARKET, BY DISTRIBUTION CHANNEL, 2020–2028 ($MILLION)
TABLE 21.NORTH AMERICA SALMON MARKET, BY COUNTRY, 2020–2028 ($MILLION)
TABLE 22.U.S. SALMON MARKET, BY TYPE, 2020–2028 ($MILLION)
TABLE 23.U.S. SALMON MARKET, BY END PRODUCT TYPE, 2020–2028 ($MILLION)
TABLE 24.U.S. SALMON MARKET, BY DISTRIBUTION CHANNEL, 2020–2028 ($MILLION)
TABLE 25.CANADA SALMON MARKET, BY TYPE, 2020–2028 ($MILLION)
TABLE 26.CANADA SALMON MARKET, BY END PRODUCT TYPE, 2020–2028 ($MILLION)
TABLE 27.CANADA SALMON MARKET, BY DISTRIBUTION CHANNEL, 2020–2028 ($MILLION)
TABLE 28.MEXICO SALMON MARKET, BY TYPE, 2020–2028 ($MILLION)
TABLE 29.MEXICO SALMON MARKET, BY END PRODUCT TYPE, 2020–2028 ($MILLION)
TABLE 30.MEXICO SALMON MARKET, BY DISTRIBUTION CHANNEL, 2020–2028 ($MILLION)
TABLE 31.EUROPE SALMON MARKET, BY TYPE, 2020–2028 ($MILLION)
TABLE 32.EUROPE SALMON MARKET, BY END PRODUCT TYPE, 2020–2028 ($MILLION)
TABLE 33.EUROPE SALMON MARKET, BY DISTRIBUTION CHANNEL, 2020–2028 ($MILLION)
TABLE 34.EUROPE SALMON MARKET, BY COUNTRY, 2020–2028 ($MILLION)
TABLE 35.UK SALMON MARKET, BY TYPE, 2020–2028 ($MILLION)
TABLE 36.UK SALMON MARKET, BY END PRODUCT TYPE, 2020–2028 ($MILLION)
TABLE 37.UK SALMON MARKET, BY DISTRIBUTION CHANNEL, 2020–2028 ($MILLION)
TABLE 38.ICELAND SALMON MARKET, BY TYPE, 2020–2028 ($MILLION)
TABLE 39.ICELAND SALMON MARKET, BY END PRODUCT TYPE, 2020–2028 ($MILLION)
TABLE 40.ICELAND SALMON MARKET, BY DISTRIBUTION CHANNEL, 2020–2028 ($MILLION)
TABLE 41.NETHERLANDS SALMON MARKET, BY TYPE, 2020–2028 ($MILLION)
TABLE 42.NETHERLANDS SALMON MARKET, BY END PRODUCT TYPE, 2020–2028 ($MILLION)
TABLE 43.NETHERLANDS SALMON MARKET, BY DISTRIBUTION CHANNEL, 2020–2028 ($MILLION)
TABLE 44.NORWAY SALMON MARKET, BY TYPE, 2020–2028 ($MILLION)
TABLE 45.NORWAY SALMON MARKET, BY END PRODUCT TYPE, 2020–2028 ($MILLION)
TABLE 46.NORWAY SALMON MARKET, BY DISTRIBUTION CHANNEL, 2020–2028 ($MILLION)
TABLE 47.DENMARK SALMON MARKET, BY TYPE, 2020–2028 ($MILLION)
TABLE 48.DENMARK SALMON MARKET, BY END PRODUCT TYPE, 2020–2028 ($MILLION)
TABLE 49.DENMARK SALMON MARKET, BY DISTRIBUTION CHANNEL, 2020–2028 ($MILLION)
TABLE 50.REST OF EUROPE SALMON MARKET, BY TYPE, 2020–2028 ($MILLION)
TABLE 51.REST OF EUROPE SALMON MARKET, BY END PRODUCT TYPE, 2020–2028 ($MILLION)
TABLE 52.REST OF EUROPE SALMON MARKET, BY DISTRIBUTION CHANNEL, 2020–2028 ($MILLION)
TABLE 53.ASIA-PACIFIC SALMON MARKET, BY TYPE, 2020–2028 ($MILLION)
TABLE 54.ASIA-PACIFIC SALMON MARKET, BY END PRODUCT TYPE, 2020–2028 ($MILLION)
TABLE 55.ASIA-PACIFIC SALMON MARKET, BY DISTRIBUTION CHANNEL, 2020–2028 ($MILLION)
TABLE 56.ASIA-PACIFIC SALMON MARKET, BY COUNTRY, 2020–2028 ($MILLION)
TABLE 57.CHINA SALMON MARKET, BY TYPE, 2020–2028 ($MILLION)
TABLE 58.CHINA SALMON MARKET, BY END PRODUCT TYPE, 2020–2028 ($MILLION)
TABLE 59.CHINA SALMON MARKET, BY DISTRIBUTION CHANNEL, 2020–2028 ($MILLION)
TABLE 60.INDIA SALMON MARKET, BY TYPE, 2020–2028 ($MILLION)
TABLE 61.INDIA SALMON MARKET, BY END PRODUCT TYPE, 2020–2028 ($MILLION)
TABLE 62.INDIA SALMON MARKET, BY DISTRIBUTION CHANNEL, 2020–2028 ($MILLION)
TABLE 63.INDONESIA SALMON MARKET, BY TYPE, 2020–2028 ($MILLION)
TABLE 64.INDONESIA SALMON MARKET, BY END PRODUCT TYPE, 2020–2028 ($MILLION)
TABLE 65.INDONESIA SALMON MARKET, BY DISTRIBUTION CHANNEL, 2020–2028 ($MILLION)
TABLE 66.JAPAN SALMON MARKET, BY TYPE, 2020–2028 ($MILLION)
TABLE 67.JAPAN SALMON MARKET, BY END PRODUCT TYPE, 2020–2028 ($MILLION)
TABLE 68.JAPAN SALMON MARKET, BY DISTRIBUTION CHANNEL, 2020–2028 ($MILLION)
TABLE 69.VIETNAM SALMON MARKET, BY TYPE, 2020–2028 ($MILLION)
TABLE 70.VIETNAM SALMON MARKET, BY END PRODUCT TYPE, 2020–2028 ($MILLION)
TABLE 71.VIETNAM SALMON MARKET, BY DISTRIBUTION CHANNEL, 2020–2028 ($MILLION)
TABLE 72.REST OF ASIA-PACIFIC SALMON MARKET, BY TYPE, 2020–2028 ($MILLION)
TABLE 73.REST OF ASIA-PACIFIC SALMON MARKET, BY END PRODUCT TYPE, 2020–2028 ($MILLION)
TABLE 74.REST OF ASIA-PACIFIC SALMON MARKET, BY DISTRIBUTION CHANNEL, 2020–2028 ($MILLION)
TABLE 75.LAMEA SALMON MARKET, BY TYPE, 2020–2028 ($MILLION)
TABLE 76.LAMEA SALMON MARKET, BY END PRODUCT TYPE, 2020–2028 ($MILLION)
TABLE 77.LAMEA SALMON MARKET, BY DISTRIBUTION CHANNEL, 2020–2028 ($MILLION)
TABLE 78.LAMEA SALMON MARKET, BY COUNTRY, 2020–2028 ($MILLION)
TABLE 79.CHILE SALMON MARKET, BY TYPE, 2020–2028 ($MILLION)
TABLE 80.CHILE SALMON MARKET, BY END PRODUCT TYPE, 2020–2028 ($MILLION)
TABLE 81.CHILE SALMON MARKET, BY DISTRIBUTION CHANNEL, 2020–2028 ($MILLION)
TABLE 82.ARGENTINA SALMON MARKET, BY TYPE, 2020–2028 ($MILLION)
TABLE 83.ARGENTINA SALMON MARKET, BY END PRODUCT TYPE, 2020–2028 ($MILLION)
TABLE 84.ARGENTINA SALMON MARKET, BY DISTRIBUTION CHANNEL, 2020–2028 ($MILLION)
TABLE 85.BRAZIL SALMON MARKET, BY TYPE, 2020–2028 ($MILLION)
TABLE 86.BRAZIL SALMON MARKET, BY END PRODUCT TYPE, 2020–2028 ($MILLION)
TABLE 87.BRAZIL SALMON MARKET, BY DISTRIBUTION CHANNEL, 2020–2028 ($MILLION)
TABLE 88.REST OF LAMEA SALMON MARKET, BY TYPE, 2020–2028 ($MILLION)
TABLE 89.REST OF LAMEA SALMON MARKET, BY END PRODUCT TYPE, 2020–2028 ($MILLION)
TABLE 90.REST OF LAMEA SALMON MARKET, BY DISTRIBUTION CHANNEL, 2020–2028 ($MILLION)
TABLE 91.BAKKAFROST: KEY EXECUTIVES
TABLE 92.BAKKAFROST: COMPANY SNAPSHOT
TABLE 93.BAKKAFROST: OPERATING SEGMENTS
TABLE 94.BAKKAFROST: PRODUCT PORTFOLIO
TABLE 95.BAKKAFROST: NET SALES, 2018–2020 ($MILLION)
TABLE 96.BLUMAR SA: KEY EXECUTIVES
TABLE 97.BLUMAR SA: COMPANY SNAPSHOT
TABLE 98.BLUMAR SA: OPERATING SEGMENTS
TABLE 99.BLUMAR SA: PRODUCT PORTFOLIO
TABLE 100.BLUMAR SA: NET SALES, 2018–2020 ($MILLION)
TABLE 101.CERMAQ GROUP ASA: KEY EXECUTIVES
TABLE 102.CERMAQ GROUP ASA: COMPANY SNAPSHOT
TABLE 103.CERMAQ GROUP ASA: PRODUCT PORTFOLIO
TABLE 104.CERMAQ GROUP ASA: NET SALES, 2018–2020 ($MILLION)
TABLE 105.GRIEG SEAFOOD: KEY EXECUTIVES
TABLE 106.GRIEG SEAFOOD: COMPANY SNAPSHOT
TABLE 107.GRIEG SEAFOOD: OPERATING SEGMENTS
TABLE 108.GRIEG SEAFOOD: PRODUCT PORTFOLIO
TABLE 109.GRIEG SEAFOOD: NET SALES, 2018–2020 ($MILLION)
TABLE 110.LERØY SEAFOOD GROUP ASA: KEY EXECUTIVES
TABLE 111.LERØY SEAFOOD GROUP ASA: COMPANY SNAPSHOT
TABLE 112.LERØY SEAFOOD GROUP ASA: OPERATING SEGMENTS
TABLE 113.LERØY SEAFOOD GROUP ASA: PRODUCT PORTFOLIO
TABLE 114.LERØY SEAFOOD GROUP ASA: NET SALES, 2018–2020 ($MILLION)
TABLE 115.MOWI ASA: KEY EXECUTIVES
TABLE 116.MOWI ASA: COMPANY SNAPSHOT
TABLE 117.MOWI ASA: OPERATING SEGMENTS
TABLE 118.MOWI ASA: PRODUCT PORTFOLIO
TABLE 119.MOWI ASA: R&D EXPENDITURE, 2018–2020 ($MILLION)
TABLE 120.MOWI ASA: NET SALES, 2018–2020 ($MILLION)
TABLE 121.NORDLAKS: KEY EXECUTIVES
TABLE 122.NORDLAKS: COMPANY SNAPSHOT
TABLE 123.NORDLAKS: PRODUCT PORTFOLIO
TABLE 124.NOVA SEA: KEY EXECUTIVES
TABLE 125.NOVA SEA: COMPANY SNAPSHOT
TABLE 126.NOVA SEA: PRODUCT PORTFOLIO
TABLE 127.SALMAR ASA: KEY EXECUTIVES
TABLE 128.SALMAR ASA: COMPANY SNAPSHOT
TABLE 129.SALMAR ASA: OPERATING SEGMENTS
TABLE 130.SALMAR ASA: PRODUCT PORTFOLIO
TABLE 131.SALMAR ASA: NET SALES, 2018–2020 ($MILLION)
TABLE 132.SALMONES CAMANCHACA: KEY EXECUTIVES
TABLE 133.SALMONES CAMANCHACA: COMPANY SNAPSHOT
TABLE 134.SALMONES CAMANCHACA: PRODUCT PORTFOLIO

LIST OF FIGURES

FIGURE 01.KEY MARKET SEGMENTS
FIGURE 02.GLOBAL SALMON MARKET
FIGURE 03.TOP INVESTMENT POCKETS
FIGURE 04.MODERATE-HIGH BARGAINING POWER OF SUPPLIERS
FIGURE 05.HIGH BARGAINING POWER OF BUYERS
FIGURE 06.LOW THREAT OF SUBSTITUTION
FIGURE 07.MODERATE-HIGH THREAT OF NEW ENTRANTS
FIGURE 08.MODERATE INTENSITY OF COMPETITIVE RIVALRY
FIGURE 09.GLOBAL SALMON MARKET: DRIVERS, RESTRAINTS, AND OPPORTUNITIES, 2020–2028
FIGURE 10.GLOBAL SALMON MARKET SHARE, BY TYPE, 2020–2028
FIGURE 11.COMPARATIVE SHARE ANALYSIS OF CHINOOK SALMON MARKET ($MILLION), BY COUNTRY, 2020 & 2028 (%)
FIGURE 12.COMPARATIVE SHARE ANALYSIS OF COHO SALMON MARKET ($MILLION), BY COUNTRY, 2020 & 2028 (%)
FIGURE 13.COMPARATIVE SHARE ANALYSIS OF PINK SALMON MARKET ($MILLION), BY COUNTRY, 2020 & 2028 (%)
FIGURE 14.COMPARATIVE SHARE ANALYSIS OF RED SALMON MARKET ($MILLION), BY COUNTRY, 2020 & 2028 (%)
FIGURE 15.COMPARATIVE SHARE ANALYSIS OF SALMO SALAR MARKET ($MILLION), BY COUNTRY, 2020 & 2028 (%)
FIGURE 16.COMPARATIVE SHARE ANALYSIS OF SILVERBRITE SALMON MARKET ($MILLION), BY COUNTRY, 2020 & 2028 (%)
FIGURE 17.GLOBAL SALMON MARKET SHARE, BY END PRODUCT TYPE, 2020–2028
FIGURE 18.COMPARATIVE SHARE ANALYSIS OF FRESH SALMON MARKET ($MILLION), BY COUNTRY, 2020 & 2028 (%)
FIGURE 19.COMPARATIVE SHARE ANALYSIS OF FROZEN SALMON MARKET ($MILLION), BY COUNTRY, 2020 & 2028 (%)
FIGURE 20.COMPARATIVE SHARE ANALYSIS OF CANNED SALMON MARKET ($MILLION), BY COUNTRY, 2020 & 2028 (%)
FIGURE 21.COMPARATIVE SHARE ANALYSIS OF SALMON MARKET FOR OTHERS ($MILLION), BY COUNTRY, 2020 & 2028 (%)
FIGURE 22.GLOBAL SALMON MARKET SHARE, BY DISTRIBUTION CHANNEL, 2020–2028
FIGURE 23.COMPARATIVE SHARE ANALYSIS OF SALMON MARKET FOR RETAIL STORES ($MILLION), BY COUNTRY, 2020 & 2028 (%)
FIGURE 24.COMPARATIVE SHARE ANALYSIS OF SALMON MARKET FOR HYPERMARKET/SUPERMARKET ($MILLION), BY COUNTRY, 2020 & 2028 (%)
FIGURE 25.COMPARATIVE SHARE ANALYSIS OF SALMON MARKET FOR ONLINE SALES CHANNELS ($MILLION), BY COUNTRY, 2020 & 2028 (%)
FIGURE 26.GLOBAL SALMON MARKET SHARE, BY REGION, 2020–2028
FIGURE 27.U.S. SALMON MARKET REVENUE, 2020–2028 ($MILLION)
FIGURE 28.CANADA SALMON MARKET REVENUE, 2020–2028 ($MILLION)
FIGURE 29.MEXICO SALMON MARKET REVENUE, 2020–2028 ($MILLION)
FIGURE 30.UK SALMON MARKET REVENUE, 2020–2028 ($MILLION)
FIGURE 31.ICELAND SALMON MARKET REVENUE, 2020–2028 ($MILLION)
FIGURE 32.NETHERLANDS SALMON MARKET REVENUE, 2020–2028 ($MILLION)
FIGURE 33.NORWAY SALMON MARKET REVENUE, 2020–2028 ($MILLION)
FIGURE 34.DENMARK SALMON MARKET REVENUE, 2020–2028 ($MILLION)
FIGURE 35.REST OF EUROPE SALMON MARKET REVENUE, 2020–2028 ($MILLION)
FIGURE 36.CHINA SALMON MARKET REVENUE, 2020–2028 ($MILLION)
FIGURE 37.INDIA SALMON MARKET REVENUE, 2020–2028 ($MILLION)
FIGURE 38.INDONESIA SALMON MARKET REVENUE, 2020–2028 ($MILLION)
FIGURE 39.JAPAN SALMON MARKET REVENUE, 2020–2028 ($MILLION)
FIGURE 40.VIETNAM SALMON MARKET REVENUE, 2020–2028 ($MILLION)
FIGURE 41.REST OF ASIA-PACIFIC SALMON MARKET REVENUE, 2020–2028 ($MILLION)
FIGURE 42.CHILE SALMON MARKET REVENUE, 2020–2028 ($MILLION)
FIGURE 43.ARGENTINA SALMON MARKET REVENUE, 2020–2028 ($MILLION)
FIGURE 44.BRAZIL SALMON MARKET REVENUE, 2020–2028 ($MILLION)
FIGURE 45.REST OF LAMEA SALMON MARKET REVENUE, 2020–2028 ($MILLION)
FIGURE 46.TOP WINNING STRATEGIES, BY YEAR, 2018–2021*
FIGURE 47.TOP WINNING STRATEGIES, BY DEVELOPMENT, 2018–2021* (%)
FIGURE 48.TOP WINNING STRATEGIES, BY COMPANY, 2018–2021*
FIGURE 49.PRODUCT MAPPING OF TOP 10 KEY PLAYERS
FIGURE 50.COMPETITIVE DASHBOARD OF TOP 10 KEY PLAYERS
FIGURE 51.COMPETITIVE HEATMAP OF TOP 10 KEY PLAYERS
FIGURE 52.BAKKAFROST: NET SALES, 2018–2020 ($MILLION)
FIGURE 53.BAKKAFROST: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 54.BAKKAFROST: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 55.BLUMAR SA: NET SALES, 2018–2020 ($MILLION)
FIGURE 56.BLUMAR SA: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 57.BLUMAR SA: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 58.CERMAQ GROUP ASA: NET SALES, 2018–2020 ($MILLION)
FIGURE 59.GRIEG SEAFOOD: NET SALES, 2018–2020 ($MILLION)
FIGURE 60.GRIEG SEAFOOD: REVENUE SHARE BY SEGMENT, 2020(%)
FIGURE 61.GRIEG SEAFOOD: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 62.LERØY SEAFOOD GROUP ASA: NET SALES, 2018–2020 ($MILLION)
FIGURE 63.LERØY SEAFOOD GROUP ASA: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 64.MOWI ASA: R&D EXPENDITURE, 2018–2020 ($MILLION)
FIGURE 65.MOWI ASA: NET SALES, 2018–202O ($MILLION)
FIGURE 66.MOWI ASA: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 67.MOWI ASA: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 68.SALMAR ASA: NET SALES, 2018–2020 ($MILLION)
FIGURE 69.SALMAR ASA: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 70.SALMAR ASA: REVENUE SHARE BY REGION, 2020 (%)

 
 

Based on the opinions of the CXOs, the salmon market has witnessed a consistent growth as well as innovations in production of salmon in the past few years. Varieties, health benefits as well as technological advancements in salmon harvesting are some of the major factors that supplement the growth of the market. Currently, Asia-Pacific is the largest market and has been witnessing huge demand for the salmon market. One of the major reasons contributing toward growth in the salmon market is health benefits such as it prevents irregular heart beat and combat high blood pressure. Other factors such as it is good source of protein, phosphorus, selenium, niacin, vitamin B6, vitamin B12 and vitamin D, are also contributing huge demand in production as well as sales of salmon in this region for this market. Various key players in this market are increasing their efforts toward the incorporation of advanced technologies such as sensor in production as well as harvesting of salmon. North America as well as Europe have witnessed fastest growing demand in the salmon market. Being a developed region, there have been numerous technological innovations and advancements in the production to have high quality salmon that has been lucrative towards wide range of consumers specially who are health conscious.

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A. The global salmon market size was valued at $50,170.0 million in 2020, and is estimated to reach $76,145.3 million by 2028, registering a CAGR of 3.7% from 2021 to 2028. The demand for salmon is rapidly increasing globally due to the health benefits it provides such as reduced heart disease, maintaining body mass index, and growth & development of bones.

A. The global salmon market is estimated to grow at a steady CAGR of 3.7% from 2021 to 2028, due to the growing health consciousness, sedentary lifestyle habits, growing obesity among population, growing awareness regarding the health benefits of salmon, and rising disposable income are the factors fostering the demand for salmon fish.

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A. The base year calculated in the salmon market report is 2020. Moreover, the year 2020 was full of adversities due to the outbreak hence a detailed study on the salmon market has been done analyzing the effects of COVID-19 on the global salmon market.

A. The salmon market is segmented on the basis of type, end product type, distribution channel, and region. By type, the market is divided into chinook salmon, coho salmon, pink salmon, red salmon, salmo salar, silverbrite salmon. By end product type, the market is classified into fresh, frozen, canned and others. By distribution channel, it is fragmented into retail stores, online sales channel and supermarkets/hypermarkets. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

A. The use of monitoring, control and surveillance (MCS), Vessel Monitoring System (VMS), and Automatic Identification System (AIS) in salmon farming is becoming a standard part of fisheries management and fishing operations. Moreover, technologies, such as big data, smart weighing at sea, block chain, drones, artificial intelligence, Radio-frequency identification (RFID), and monitoring through smartphones, are being used to efficiently and effectively manage various operations.

A. Key players operating in the salmon market include Cremaq Group ASA, Leroy Seafood Group ASA, Mowi ASA, SalMar ASA, Bakkafrost, Greig Seafood, Blumar, Salmones Camanchaca, Nova Sea, Alsaker Fjordbruk, Nordlaks. Other noticeable players in these markets are Cooke Aquaculture, Multiexport, Australis Seafoods, Alsaker Fjordbruk and AquaChile.

A. Salmon production growth was slowed down to 2–3% in 2020 due to the outbreak of COVID-19. In Chile, where the salmon industry faced many challenges as a result of social unrest in the fourth quarter of 2019, the COVID-19 outbreak has affected both domestic production and foreign trade.

A. On the basis of type, the pink salmon segment was the highest contributor to the market in 2020, and is expected to sustain its significance during the forecast period, owing to its lower fat content as compared to other types of salmon.

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