The Global Salmon Fish Market, valued at US$ 30.87 Billion in 2022, is driven by the increasing demand for ready-to-eat products and its popularity as a key ingredient in commercial dishes.

Renub Research has published a report titled “Global Salmon Fish Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2027″. The report provides a detailed analysis of the industry, including market share insights, competitor and regional research, and information on contemporary advancements in the market.

Global Salmon market is expected to attain US$ 37.40 Billion by 2027, pushed by growing consumer awareness of its nutritional value, growing preference for seafood, and popularity of culinary diversity. Advancements in fishing and aquaculture technologies, sustainable farming practices, and improvements in areas including feed production, breeding strategies, and water quality management have superior the productivity and cost effectiveness of salmon manufacturing. The worldwide salmon market has witnessed considerable increase globally, predominantly fueled by the upward push of aquaculture or fish farming practices. Furthermore, the surge in demand for frozen and canned salmon-based merchandise may be attributed to the growing intake of ready-to-eat (RTE) food items.

Poland holds the leading position in the salmon industry regarding Import share

Poland is at the vanguard of the Global Salmon Market, having the main role in terms of import percentage. The country’s robust position can be attributed to numerous factors. Poland’s strategic vicinity in Central Europe permits for access to numerous worldwide markets, facilitating the import of salmon from different kind regions. Poland has advanced a strong distribution network and infrastructure, ensuring efficient and timely shipping of salmon to its domestic market. The Poland growing buyer demand for outstanding seafood merchandise, consisting of salmon, has similarly fueled the import share. With its well installed market presence and robust import capabilities, Poland maintains to lead the way inside the salmon enterprise.

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Import – Global Salmon Fish Market Report Breakup from 10 Viewpoints:

1. Norway

2. Sweden

3. Denmark

4. Poland

5. Chile

6. United Kingdom

7. Germany

8. Canada

9. United States

10. Australia

Norway’s geographic location is vital to its global salmon export market

Norway’s geographical location plays a pivotal role in its successful salmon export business on a global scale. Situated along a vast coastline with numerous fjords, Norway provides ideal conditions for salmon farming. The country’s pristine cold-water environment and robust regulatory framework ensure the production of high-quality salmon. Norway’s strategic location also facilitates efficient transportation and distribution of salmon to international markets. Norway has become a prominent player in the global salmon export market, with a reputation for sustainability, reliability, and exceptional product quality. Its geographical advantage enables Norwegian salmon to reach customers worldwide, contributing to its continued success in the industry. 

Export – Global Salmon Fish Market Breakup from 10 Viewpoints:

1. Denmark

2. United States

3. Germany

4. France

5. Spain

6. Poland

7. Italy

8. Brazil

9. Portugal

10. Finland

Atlantic salmon (Salmon salar) holds the distinction of being the most widely produced salmon species globally

Regarding salmon production on a worldwide scale, the Atlantic salmon takes the lead as the most extensively produced species. Atlantic salmon holds a subnational position within the seafood industry and is renowned for its wonderful taste and wealthy texture. Its popularity can be attributed to its adaptability to different farming techniques, considering efficient cultivation in numerous regions global. The demand for Atlantic salmon continues to rise because of its versatile culinary applications and nutritional advantages. With its big availability and continually excessive production degrees, the Atlantic salmon remains the favored desire for seafood lovers and a riding force in the global salmon market.

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Species Production – Global Salmon Fish Market Breakup from 10 Viewpoints:

1. Atlantic Salmon

2. Pink Salmon

3. Sockeye Salmon

4. Coho Salmon

5. Other species

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Renub Research is a Market Research and Information Analysis company with more than 15 years of experience in Research, Survey, and Consulting. Our research helps companies to take business decisions: on strategy, organization, operations, technology, mergers & acquisitions, etc. Till now we have published more than 9000 syndicated reports and worked on more than 750 custom research projects. Currently, we are supplying data to EMIS, Bloomberg, Thomson Reuters, etc. We support many blue-chip companies by providing them with findings and perspectives across a wide range of markets.

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Renub Research has recently released a report titled “Global Salmon Market, Volume, Size, Forecast 2023-2027, Industry Trends, Growth, Share, Outlook, Impact of Inflation, Opportunity Company Analysis” providing a detailed industry analysis that includes market share insights. The report also includes competitor and regional research and contemporary advancements in the market. The Global Salmon market shall grow with a CAGR of nearly 3.9% from 2023 to 2027. In the realm of luxury, there is a clear preference for wild salmon over farmed varieties, particularly for specific species like Chinook, which is also referred to as king salmon.

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Salmon is a fish variety renowned for its unique pink colour and delectable taste. It is a well-liked food item in several regions globally, and the preparation is by grilling, baking, or smoking. Salmon is an abundant source of heart-healthy omega-3 fatty acids, essential vitamins B12 and D, protein, and minerals like selenium and potassium. Moreover, it is classified as a low-mercury fish, rendering it a safer option for frequent consumption than various other types of seafood.

Most of the salmon consumed today comes from aquaculture or fish farming, and this industry has experienced significant growth on a global scale. Technological advancements have made salmon farming more efficient and sustainable, with improvements in areas such as feed production, breeding techniques, and water quality management making it easier and more cost-effective to produce salmon, contributing to the Salmon market growth.

Salmon Popularity is growing due to Frozen and Canned salmon-based Products

Salmon is a popular ingredient in commercial dishes like pizza, pasta, burgers, salads, and mac and cheese commonly served in restaurants and food outlets; this, combined with the rapid expansion of the food and beverage (F&B) industry, is a significant driver of Salmon market growth.

Furthermore, the acceleration in demand for frozen and canned salmon-based products is due to the increasing consumption of ready-to-eat (RTE) food products because of hectic lifestyles, swift urbanization, and the rising purchasing power of individuals. Additionally, the Salmon market shall experience growth by introducing value-added products like smoked salmon, salmon jerky, salmon oil, salmon lox, and salmon spreads. These factors contribute to a positive outlook for the global salmon market.

The limited domestic supply of salmon market, particularly during the off-season, has created a demand for imported salmon to meet year-round demand in the United States. Imports from countries like Chile, Norway, and Canada are often priced competitively compared to domestic salmon, making them an attractive option. In addition, salmon’s versatility finds its usage in various dishes, and its convenience, as frozen and canned salmon products are widely available, has made it a popular choice for restaurants and other food outlets.

Norway is the leading Exporter in Global Salmon Market

Norway’s leadership in salmon fish export can be due to multiple factors, including favorable farming conditions due to its long coastline and fjords, strict regulations ensuring high standards, and reliable supply. Investment in salmon farming technology and government support has also contributed to developing a robust and competitive export for the global salmon market.

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Pink salmon’s abundance makes it more cost-effective to farm, increasing availability and accessibility for consumers. Its mild taste and firm texture have made it a versatile ingredient, increasing demand from restaurants and food service companies. Technological advancements in salmon farming, such as improved feed formulations, water quality management, and disease prevention measures, have made it easier to produce pink salmon in larger quantities. Additionally, pink salmon is a more sustainable option, increasing awareness and demand among environmentally conscious consumers. These factors have all contributed to the growth in the production of pink salmon.

Market Summary:

• Import– By import in the Global salmon Market division in 10 viewpoints (Norway, Sweden, Denmark, Poland, Chile, United Kingdom, Germany, Canada, United States, and Australia).
• Export– The market for Global Salmon Market by export is broken up into ten viewpoints (Denmark, United States, Germany, France, Spain, Poland, Italy, Brazil, Portugal, and Finland).   
• Production Species– The break-up of the Global Salmon Market into 5 viewpoints based on production species (Atlantic Salmon, Pink Salmon, Sockeye Salmon, Coho Salmon, and other species).

About the Company: 

Renub Research is a Market Research and Information Analysis company with more than 14 years of experience in Research, Survey, and Consulting. Our research helps companies to take business decisions: on strategy, organization, operations, technology, mergers & acquisitions, etc. Till now we have published more than 7000 syndicated reports and worked on more than 500 custom research projects. Currently, we are supplying data to EMIS, Bloomberg, Thomson Reuters, etc. We support many blue-chip companies by providing them with findings and perspectives across a wide range of markets.

Media Contact:

Company Name: Renub Research

Contact Person: Rajat Gupta, Marketing Manager

Phone No: +1-478-202-3244 | +91-120-421-9822 (IND)

Address: 225 Kristie Ln, Roswell, GA 30076

Email: info@renub.com

LinkedIn: https://in.linkedin.com/company/renub-research

Web: www.renub.com

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