2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!

What Industry-Specific Factors Are Fueling the Growth of theSalmon Market?

The growing aquaculture industry is expected to propel the growth of the salmon market. Aquaculture, the farming of marine and freshwater species, is expanding due to rising consumer demand for seafood, sustainability efforts, and technological advancements in farming methods. Salmon production is significant in aquaculture because of its economic value and nutritional benefits. In March 2024, the Australian Bureau of Agricultural and Resource Economics reported that aquaculture’s contribution to seafood production value is expected to grow to 64% by 2028-29, reaching $2.21 billion. As a result, the growth of the aquaculture industry is driving the salmon market.

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#What is the Anticipated CAGR of theSalmon Market, and What Factors Will Drive It?

The salmon market size will rise from $28.6 billion in 2024 to $30.59 billion in 2025, growing at a CAGR of 7.0%. This is driven by rising demand for protein-rich diets, advances in aquaculture technology, growing popularity of sushi, global seafood consumption, the rise of seafood e-commerce, and the increasing popularity of keto and paleo diets.

The salmon market is predicted to grow to $39.61 billion by 2029 at a CAGR of 6.7%. The growth is due to increasing consumer demand for healthy foods, awareness of omega-3 benefits, growth in aquaculture, popularity of sustainable seafood, and expanding cold chain infrastructure. Key trends include sustainable aquaculture practices, recirculating aquaculture systems, alternative feed sources, genetic breeding advancements, and precision aquaculture technologies.

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What Key Market Trends and Innovations Are Shaping the Future of theSalmon Industry?

Major companies in the salmon market are diversifying their offerings by creating smoked salmon spreads to meet consumer demand for convenient and gourmet snacks. In March 2024, Foppen Seafood introduced a new smoked salmon spread made from 50% smoked salmon and mayonnaise, featuring unique flavors like jalapeno and seaweed, reflecting the brand’s commitment to sustainability and innovation in the salmon market.

Which Companies Are Leading the Charge in Expanding theSalmon Market Growth?

Major companies operating in the salmon market are Agrosuper S.A., Mowi ASA, Australis Seafoods S.A., Lerøy Seafood Group ASA, Cermaq Group AS, SalMar ASA, Cooke Aquaculture Inc., Skretting AS, P/F Bakkafrost, Salmones Camanchaca S.A., Grieg Seafood ASA, Multiexport Foods S.A., Blumar S.A., Tassal Operations Pty Ltd., AKVA Group ASA, Huon Aquaculture Group Pty Ltd., Benchmark Holdings plc, Invertec Pesquera Mar de Chiloé S.A., Bremnes Seashore AS, Sinkaberg-Hansen AS, BioMar Group A/S, AquaGen AS, Nordlaks Produkter AS, Nova Sea AS, AquaChile S.A

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How is the Global Salmon Market Segemented?

The salmonmarket covered in this report is segmented –

1) By Type: Chinook Salmon, Coho Salmon, Pink Salmon, Red Salmon, Salmo Salar, Silverbrite Salmon

2) By End Product Type: Fresh, Frozen, Canned , Other End Products

3) By Distribution Channel: Retail, E-commerce, Brick And Mortar Stores, HoReCa And Wholesale Processed Food Industry, Other Institutional Customers

Subsegments:

1) By Chinook Salmon: Fresh Chinook Salmon, Frozen Chinook Salmon, Canned Chinook Salmon, Smoked Chinook Salmon

2) By Coho Salmon: Fresh Coho Salmon, Frozen Coho Salmon, Canned Coho Salmon, Smoked Coho Salmon

3) By Pink Salmon: Fresh Pink Salmon, Frozen Pink Salmon, Canned Pink Salmon, Smoked Pink Salmon

4) By Red Salmon: Fresh Red Salmon, Frozen Red Salmon, Canned Red Salmon, Smoked Red Salmon

5) By Salmo Salar: Fresh Atlantic Salmon, Frozen Atlantic Salmon, Canned Atlantic Salmon, Smoked Atlantic Salmon

6) By Silverbrite Salmon: Fresh Silverbrite Salmon, Frozen Silverbrite Salmon, Canned Silverbrite Salmon

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Which Geographics are Influencing the Growth of the Salmon Market?

Europe was the largest region in the salmon market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the salmon market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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