Salmon Market Size, Share, Growth Analysis, By Type(Fresh Salmon, Frozen Salmon, Canned Salmon, Smoked Salmon), By Form(Whole Salmon, Fillets, Steaks, and Others), By Distribution channel(Hypermarkets/Supermarkets, Specialty Stores, Independent Small Stores, Online Sales Channel), By Region - Industry Forecast 2024-2031

Drivers

Increasing Consumer Awareness on Health and Wellness

• The increasing awareness of the health benefits associated with salmon consumption, particularly its rich omega-3 fatty acids, has fueled a growing demand among health-conscious consumers. Salmon's versatility in various culinary applications further enhances its popularity, appealing to diverse tastes and preferences globally. Additionally, the rise of sustainable and responsible aquaculture practices, marked by certifications such as the Aquaculture Stewardship Council (ASC), has bolstered consumer confidence in the ethical sourcing of salmon products.

Restraints

High Environmental Impact and Disease Outbreaks

• One of the main market restraints is the environmental impact associated with salmon farming, including concerns about habitat degradation and water pollution. Disease outbreaks, particularly in densely populated aquaculture settings, pose a threat to production levels and can lead to increased operational costs for disease management. Market volatility influenced by factors such as geopolitical events and trade regulations also presents challenges for the industry. Additionally, while certification schemes like the Aquaculture Stewardship Council (ASC) promote sustainable practices, achieving widespread compliance across the industry remains a challenge.