Salmon Market Outlook

According to the report by Expert Market Research (EMR), the global salmon market size reached a volume of about 4.50 million tons in 2024. With increasing consumer awareness of the health benefits of salmon, combined with its versatility in various culinary applications, the market is projected to grow at a CAGR of 3.8% between 2025 and 2034, reaching a volume of about 6.33 million tons by 2034.

Salmon, widely regarded for its rich omega-3 fatty acids, high protein content, and essential vitamins, has become a staple in diets around the world. It is prized for its culinary flexibility, health benefits, and sustainable farming practices, making it a preferred choice for consumers and food industries alike. As demand continues to rise globally, particularly in the health-conscious and sustainable food sectors, the salmon market is poised for substantial growth in the coming years.

Drivers and Trends in the Market

The growing awareness of the health benefits associated with consuming salmon is a major factor driving the global salmon market. Salmon is widely recognized as a source of high-quality protein, omega-3 fatty acids, and essential vitamins such as Vitamin D, B12, and selenium. These nutrients play vital roles in heart health, brain function, and immune system support, fueling the demand for salmon among health-conscious consumers.

As consumers increasingly turn to healthier food options, the demand for nutrient-dense, low-calorie, and high-protein alternatives has been on the rise. The growing shift towards clean eating and natural foods has contributed to the increasing popularity of salmon in various food segments, including retail, foodservice, and packaged products. Furthermore, the ongoing trend of sustainable and ethical consumption has fueled the demand for sustainably farmed and wild-caught salmon, particularly in regions like North America and Europe.

The expanding adoption of salmon-based products is another significant driver of market growth. From fresh and frozen fillets to smoked, canned, and ready-to-eat options, salmon is available in diverse forms to meet the preferences of a wide range of consumers. The rise in the consumption of ready-to-eat meals and convenience foods has also played a role in driving demand for packaged salmon products.

Additionally, salmon farming has benefited from technological advancements that have improved efficiency, sustainability, and scalability. With more advanced aquaculture practices, salmon farmers are increasingly able to meet growing global demand while minimizing the environmental impact. This, in turn, has helped improve the availability and affordability of salmon in global markets.

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Industry Applications and Innovations

Salmon is a versatile ingredient used in a wide array of applications, making it a valuable component in various industries. The primary industry for salmon consumption is the food industry, which includes retail, foodservice, and packaged foods. Salmon is highly popular in restaurants, particularly in sushi and sashimi dishes, as well as in a variety of traditional and contemporary preparations such as grilled, baked, and smoked fillets.

The growing trend towards plant-based and sustainable diets has also resulted in the increased availability of plant-based salmon alternatives. These innovative products, which replicate the taste and texture of traditional salmon, have gained traction among vegetarian and vegan consumers. Additionally, the increasing popularity of ready-to-eat and pre-packaged salmon meals is helping to cater to the convenience-seeking consumer who values fast, nutritious, and sustainable options.

In the processed foods sector, smoked salmon, canned salmon, and salmon spreads are popular products, contributing to the overall growth of the market. These products are widely used in breakfast items, salads, sandwiches, and snacks. Smoked and canned salmon are particularly popular due to their long shelf life and convenience.

Technological advancements in salmon farming are playing a key role in driving growth in the industry. Innovations in aquaculture have enabled farmers to improve salmon feed, reduce water usage, and prevent diseases, which has led to higher productivity and improved fish quality. Additionally, the development of closed containment systems has made salmon farming more sustainable by preventing escapes and reducing environmental impact.

Salmon Market Segmentation

The market can be divided based on type, species, end product, distribution channel, and region.

Breakup by Type

• Farmed
• Wild Captured

Breakup by Species

• Atlantic
• Pink
• Chum/Dog
• Coho
• Sockeye
• Others

Breakup by End Product

• Frozen
• Fresh
• Canned
• Others

Breakup by Distribution Channel

• Foodservice
• Retail
• Others

The wild captured variant are majorly found in the following regions:

• United States
• Russia
• Japan
• Canada
• Others

The major consuming regions of the product include the following:

• European Union
• Russia
• United States
• Brazil
• Japan
• China
• Others

Competitive Landscape

Some of the major players explored in the report by Expert Market Research are as follows:

• Cermaq Group AS
• Lerøy Seafood Group
• Mowi ASA
• SalMar ASA
• Others

Challenges and Opportunities

While the global salmon market is experiencing strong growth, there are several challenges that may impact its trajectory. The sustainability of salmon farming practices has become a major concern, particularly in light of the environmental impact of overfishing, water pollution, and the use of fishmeal and fish oil in salmon feed. As consumers become more eco-conscious, there is a growing demand for sustainably sourced salmon, which has led to the rise of certifications such as the Aquaculture Stewardship Council (ASC) label.

The market also faces supply chain disruptions and challenges related to trade barriers, which can impact the price and availability of salmon in various regions. Global events, such as the COVID-19 pandemic, have further highlighted the need for resilience in the supply chain, particularly when it comes to the transportation and logistics of perishable seafood products.

However, there are ample opportunities for growth in the global salmon market. The rising consumer demand for plant-based and sustainable food options has led to an increasing focus on eco-friendly farming practices and alternative protein sources. Additionally, the growing preference for value-added salmon products, such as ready-to-eat meals and processed salmon, presents significant market potential.

Future Prospects

The future of the global salmon market looks promising, driven by evolving consumer preferences, innovative farming technologies, and increasing focus on sustainability. As consumer demand for healthy, sustainable, and high-quality seafood continues to rise, salmon is well-positioned to remain a key player in the global protein market. The development of new salmon farming methods, including land-based and closed-loop systems, will contribute to meeting this growing demand while addressing sustainability concerns.

Further expansion of salmon-based plant alternatives, coupled with technological advancements in food processing and packaging, will continue to offer new opportunities for market growth. Additionally, the expansion of global distribution networks and the increasing popularity of salmon in emerging markets such as China and India will drive the global market forward.

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