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. Aided by the increasing demand for healthy and sustainable food options, coupled with the rising popularity of salmon in both domestic and international markets, the market is projected to grow at a compound annual growth rate (CAGR) of 3.8% from 2025 to 2033, reaching a volume of about 6.33 million tons by 2033.

Salmon, one of the most popular and highly consumed fish species globally, is prized for its nutritional benefits, including being an excellent source of omega-3 fatty acids, protein, and various vitamins and minerals. The versatility of salmon, whether fresh, frozen, smoked, or canned, makes it a preferred choice in a variety of culinary applications. This growing demand, especially in the health-conscious consumer segment, is contributing significantly to the expansion of the global salmon market.

Key Drivers of Market Growth

Several factors are contributing to the robust growth of the global salmon market. Among the most significant is the rising consumer preference for healthy and sustainable protein sources. Salmon is often highlighted as a heart-healthy alternative to other protein-rich foods due to its high omega-3 content, which has been linked to a variety of health benefits, including improved cardiovascular health, reduced inflammation, and better brain function. As consumers continue to prioritize their health and well-being, demand for nutrient-dense, low-calorie, and high-protein foods like salmon is expected to increase.

Additionally, the shift toward sustainable food sources is a key factor driving the global salmon market. As sustainability becomes a major focus in global food production, consumers are increasingly turning to responsibly sourced and environmentally friendly food options. Salmon, particularly when farmed using sustainable practices, aligns with this growing preference. Sustainable salmon farming practices, such as the use of recirculating aquaculture systems (RAS) and certification from bodies like the Aquaculture Stewardship Council (ASC), are gaining traction among consumers who are concerned about the environmental impact of their food choices.

The growing popularity of seafood, driven by both health trends and expanding global food preferences, is further fueling the demand for salmon. As consumers in emerging markets gain greater access to diverse food choices and as western dietary habits spread, the consumption of seafood, including salmon, is increasing in regions such as Asia-Pacific and Latin America. The increasing availability of frozen and processed salmon products has also contributed to its widespread adoption in these regions, where it is often seen as an affordable, healthy option.

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Technological Innovations and Trends

Advances in Farming Technology: Technological advancements in the aquaculture industry are enabling more efficient and sustainable production of salmon. Innovations in breeding techniques, nutrition, and farming systems are increasing the yield of salmon farms, ensuring that the global supply can meet the rising demand.

Aquaculture companies are also implementing new technologies to monitor fish health and optimise feeding strategies, which enhances both the quality and quantity of salmon produced. The use of sensors, data analytics, and artificial intelligence in farming operations is streamlining production processes, reducing waste, and improving operational efficiency.

Moreover, advancements in transportation and storage technologies have facilitated the global distribution of salmon. The development of better freezing techniques, packaging methods, and logistics solutions has enabled salmon to reach markets far from its source of production, further increasing its availability to consumers worldwide.

Sustainability and Traceability: The growing demand for sustainably sourced products is influencing the salmon market, with consumers increasingly seeking fish that is responsibly farmed or caught. To meet these expectations, the salmon industry is focusing on sustainable practices that ensure minimal environmental impact and promote social responsibility.

Traceability has become a key trend, with consumers looking for assurances that their seafood is ethically sourced. Certification schemes such as the Aquaculture Stewardship Council (ASC) and the Marine Stewardship Council (MSC) are helping to address these concerns by providing consumers with information about the sustainability of the salmon they purchase.

Sustainable practices are not limited to farming; the salmon industry is also focusing on eco-friendly packaging and reducing its carbon footprint. These efforts are expected to drive growth, particularly among environmentally conscious consumers.

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 Risks

Despite its robust growth prospects, the global salmon market faces several challenges. One of the most pressing concerns is the environmental impact of salmon farming. While many producers are adopting more sustainable practices, issues such as overfishing, pollution, and the use of antibiotics and pesticides remain areas of concern. Efforts to address these challenges include the development of more sustainable farming techniques and certifications from bodies like the Aquaculture Stewardship Council (ASC).

Another challenge for the salmon market is the volatility in supply due to factors such as disease outbreaks in salmon farms, fluctuations in water temperatures, and environmental regulations. These factors can affect the availability of salmon and, in turn, impact prices in both domestic and international markets.

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