Salmon Fish Market Size, Share, Growth Analysis, By Species Outlook(Atlantic/Aquaculture and Pacific), By From Outlook(Fresh, Frozen and Others), By Region - Industry Forecast 2024-2031

Salmon Fish Market size was valued at USD 14.87 billion in 2021 and is poised to grow from USD 16.13 billion in 2022 to USD 30.99 billion by 2030, growing at a CAGR of 8.5% in the forecast period (2023-2030).

Together with comprehensive profiles of the key competitors active in the market, the report analyses the competitive landscape of that sector. These competitors include Cremaq Group ASA, Leroy Seafood Group ASA, Mowi ASA, and SalMar ASA, to name a few. 'Marine Harvest ASA', 'Cermaq Group AS', 'Bakkafrost', 'Grieg Seafood ASA', 'Mowi ASA', 'SalMar ASA', 'Lerøy Seafood Group ASA', 'The Scottish Salmon Company PLC', 'Tassal Group Limited', 'Huon Aquaculture Group Limited', 'New Zealand King Salmon Investments Limited', 'Multiexport Foods S.A.', 'Empresas AquaChile S.A.', 'Norway Royal Salmon ASA', 'Atlantic Sapphire AS', 'Russian Aquaculture JSC', 'Cooke Aquaculture Inc.', 'AquaBounty Technologies, Inc.', 'Stolt-Nielsen Limited', 'Sustainable Blue', 'In February 2023, the Norwegian salmon farming company Mowi announced plans to invest $55 million in a new state-of-the-art salmon processing plant in Scotland', 'In January 2023, Cooke Aquaculture, a Canadian salmon farming company, acquired the Scottish salmon farming company Scottish Sea Farms for $90 million.', 'In December 2022, the Norwegian seafood company Lerøy Seafood Group announced plans to invest $39 million in a new land-based salmon farming facility in Norway.'

The increasing demand for salmon fish is one of the major drivers of the salmon fish market. This demand is being driven by various factors, including health awareness, changing dietary habits, and rising disposable incomes. As a result, the salmon market is expected to grow at a significant rate over the coming years.

With Chile's aquaculture sector performance continuously improving over the previous few years, the world's production of farmed salmon reached 2.68 million metric tonnes in 2021. As a result, salmon culture has grown, particularly Atlantic salmon culture, which accounts for close to 74% of salmon output. The majority of the production rise, at about 14%, is seen in Chile, where a new regulatory framework is showing promise. Furthermore, despite the increase in supplies, there is still a huge demand for salmon worldwide. Geographical and legislative limitations on conventional open net-pen farming have made it difficult for farmers to keep up with the growing demand for salmon on a scale.

Europe dominated the market. Europe is one of the main exporters of fishery and aquaculture products worldwide. Salmon is one of the most often imported goods in the area. It continues to be the most expensive commercial goods exported from Europe. Also, the increasing demand for these goods in important nations like the UK, Italy, and Germany is probably going to benefit regional growth in general.

Salmon Fish Market size was valued at USD 16.13 Billion in 2022 and is poised to grow from USD 17.50 Billion in 2023 to USD 33.61 Billion by 2031, at a CAGR of 8.5 % during the forecast period (2024-2031).

Together with comprehensive profiles of the key competitors active in the market, the report analyses the competitive landscape of that sector. These competitors include Cremaq Group ASA, Leroy Seafood Group ASA, Mowi ASA, and SalMar ASA, to name a few. 'Marine Harvest ASA', 'Cermaq Group AS', 'Bakkafrost', 'Grieg Seafood ASA', 'Mowi ASA', 'SalMar ASA', 'Lerøy Seafood Group ASA', 'The Scottish Salmon Company PLC', 'Tassal Group Limited', 'Huon Aquaculture Group Limited', 'New Zealand King Salmon Investments Limited', 'Multiexport Foods S.A.', 'Empresas AquaChile S.A.', 'Norway Royal Salmon ASA', 'Atlantic Sapphire AS', 'Russian Aquaculture JSC', 'Cooke Aquaculture Inc.', 'AquaBounty Technologies, Inc.', 'Stolt-Nielsen Limited', 'Sustainable Blue', 'A new manufacturing facility for the family-run smoked fish restaurant Acme Smoked Fish opened its doors in January 2024. This new 43,000-square-foot manufacturing facility in Florida will improve the company's ability to produce salmon that has been cold smoked. ', 'The premium canned seafood firm King Oscar introduced a new range of extra virgin olive oil-dressed skinless and boneless Atlantic salmon in January 2024. Extra virgin olive oil, extra virgin olive oil Mediterranean style, and extra virgin olive oil with lemon are the three tastes of the new product that are offered. ', 'Grieg Seafood, a Norwegian salmon producer, paid £50 million to purchase Seafarm Scotland, a smaller Scottish salmon grower, in October 2023. With this transaction, Grieg Seafood expands its geographic diversification strategy and gains a presence in the Scottish market. ', 'Aqua Chile, a salmon producer from Chile, declared in March 2023 that it will invest $120 million in land-based salmon growing operations in the US. This action is a step toward aquaculture methods that are more ecologically friendly and sustainable.'

The increasing demand for salmon fish is one of the major drivers of the salmon fish market. This demand is being driven by various factors, including health awareness, changing dietary habits, and rising disposable incomes. As a result, the salmon market is expected to grow at a significant rate over the coming years.

With Chile's aquaculture sector performance continuously improving over the previous few years, the world's production of farmed salmon reached 2.68 million metric tonnes in 2021. As a result, salmon culture has grown, particularly Atlantic salmon culture, which accounts for close to 74% of salmon output. The majority of the production rise, at about 14%, is seen in Chile, where a new regulatory framework is showing promise. Furthermore, despite the increase in supplies, there is still a huge demand for salmon worldwide. Geographical and legislative limitations on conventional open net-pen farming have made it difficult for farmers to keep up with the growing demand for salmon on a scale.

Europe dominated the market. Europe is one of the main exporters of fishery and aquaculture products worldwide. Salmon is one of the most often imported goods in the area. It continues to be the most expensive commercial goods exported from Europe. Also, the increasing demand for these goods in important nations like the UK, Italy, and Germany is probably going to benefit regional growth in general.