Salmon Fish Market Insights: Size, Share, Growth Analysis & Forecast (2024-2029)
The market report provided a comprehensive analysis segmented by Species (Atlantic/Aquaculture Salmon, Pacific Salmon); by Form (Fresh, Frozen, Others); by Geography (North America, South America, Asia Pacific, Europe, The Middle East, Africa).
Outlook
- The salmon fish market is estimated to be at USD 21,560.52 Mn in 2025 and is anticipated to reach USD 31,387.77 Mn in 2030.
- The salmon fish market is registering a CAGR of 7.8% during the forecast period 2025-2030.
- The global salmon market, driven by health-conscious consumers, relies heavily on aquaculture due to declining wild stocks. Salmon is consumed in various forms and is popular in diverse cuisines.
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Ecosystem
- The participants in the global salmon fish industry are focused on expanding their production capacities, improving sustainability practices, and adopting new technologies to enhance productivity.
- These companies primarily focus on expanding their production capacities, improving sustainability, and adopting new technologies to enhance productivity and maintain a competitive edge in the market.
- Several important entities in the salmon fish market include Leroy Seafood Group ASA; SalMar ASA; Mowi ASA; Sea Delight Group; Ideal Foods Ltd.; and others.
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Findings
| Attributes | Values |
|---|---|
| Historical Period | 2019-2023 |
| Base Year | 2024 |
| Forecast Period | 2025-2030 |
| Market Size (2025) | USD 21,560.52 Mn |
| Market Size (2030) | USD 31,387.77 Mn |
| Growth Rate | 7.8% CAGR from 2025 to 2030 |
| Key Segments | Species (Atlantic/Aquaculture Salmon, Pacific Salmon); Form (Fresh, Frozen, Others); Geography (North America, South America, Asia Pacific, Europe, The Middle East, Africa) |
| Key Vendors | Leroy Seafood Group ASA; SalMar ASA; Mowi ASA; Sea Delight Group; Ideal Foods Ltd. |
| Key Countries | The US; Canada; Mexico; Brazil; Chile; China; Thailand; Japan; Vietnam; Poland; Germany; Spain; Israel; UAE; Turkey; Morocco; South Africa |
| Largest Market | Europe |
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Trends
- Sustainable Aquaculture Practices: There is a growing trend towards sustainable salmon farming practices to reduce the environmental impact of aquaculture. Techniques like recirculating aquaculture systems (RAS) and offshore farming are being adopted to ensure the sustainability of salmon production.
- Consumer Shift to Organic Salmon: Consumers are increasingly opting for organic and non-GMO salmon products as part of a broader movement toward natural and health-focused diets. Organic salmon farming requires stricter standards in terms of feed, water quality, and farming methods. In 2022, the Scottish Salmon Company reported a significant increase in sales of its organic salmon range, highlighting the growing demand for eco-friendly seafood.
- Rise of Plant-Based and Lab-Grown Alternatives: With the rise of alternative proteins, plant-based and lab-grown salmon products are entering the market, targeting consumers who seek sustainable, cruelty-free options. These alternatives aim to replicate the taste and texture of traditional salmon without environmental drawbacks.
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Catalysts
- Growing Health Consciousness: The rising awareness of the health benefits associated with salmon, including its high protein content and omega-3 fatty acids, is a major driver of market growth. Consumers are increasingly seeking nutrient-dense foods that support heart health, brain function, and overall wellness. In 2022, the American Heart Association endorsed the consumption of fatty fish like salmon as part of a heart-healthy diet, further boosting demand.
- Expansion of Aquaculture: Aquaculture is expanding rapidly to meet the growing demand for salmon, with new technologies making it easier to farm salmon in a controlled and sustainable manner. This is particularly crucial as wild salmon populations are declining.
- Rise in E-commerce and Online Seafood Sales: The growing popularity of online retail has expanded the market for salmon as consumers increasingly purchase fresh and frozen seafood online. E-commerce platforms have made it easier for consumers to access high-quality salmon products, especially in urban areas.
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Restraints
- Sustainability and Environmental Concerns: The environmental impact of salmon farming, including water pollution, antibiotic use, and the disruption of local ecosystems, is a significant challenge for industry. Increased regulation and the need for sustainable farming practices are putting pressure on salmon producers.
- Rising Feed Costs: The cost of fish feed, which is a major component of salmon farming, has been increasing due to the rising prices of raw materials such as fishmeal and soybean meal. This has led to higher production costs for salmon farms, impacting profit margins.
- Disease Outbreaks in Salmon Farms: Disease outbreaks, such as sea lice infestations and viral infections, pose a significant threat to salmon farming. These outbreaks can lead to high mortality rates, reduced yields, and increased costs associated with disease management and prevention.
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Table of Contents
| 1.       Introduction 1.1.    Research Methodology 1.2.    Scope of the Study 2.       Market Overview / Executive Summary 2.1.    Global Salmon Fish Market (2019 – 2023) 2.2.    Global Salmon Fish Market (2024 – 2030) 3.       Market Segmentation 3.1.    Global Salmon Fish Market by Species 3.1.1. Atlantic/Aquaculture Salmon 3.1.2. Pacific Salmon 3.2.    Global Salmon Fish Market by Form 3.2.1. Fresh 3.2.2. Frozen 3.2.3. Others 4.       Regional Segmentation 4.1.    North America 4.1.1. The US 4.1.2. Canada 4.1.3. Mexico 4.2.    South America 4.2.1. Brazil 4.2.2. Chile 4.2.3. Rest of South America 4.3.    Asia Pacific 4.3.1. China 4.3.2. Thailand 4.3.3. Japan 4.3.4. Vietnam 4.3.5. Rest of Asia Pacific 4.4.    Europe 4.4.1. Poland 4.4.2. Germany 4.4.3. Spain 4.4.4. Rest of Europe 4.5.    The Middle East 4.5.1. Israel 4.5.2. UAE 4.5.3. Turkey 4.5.4. Rest of the Middle East 4.6.    Africa 4.6.1. Morocco 4.6.2. South Africa 4.6.3. Rest of Africa 5.       Value Chain Analysis of the Global Salmon Fish Market 6.       Porter Five Forces Analysis 6.1.    Threats of New Entrants 6.2.    Threats of Substitutes 6.3.    Bargaining Power of Buyers 6.4.    Bargaining Power of Suppliers 6.5.    Competition in the Industry 7.       Trends, Drivers and Challenges Analysis 7.1.    Market Trends 7.1.1.    Market Trend 1 7.1.2.    Market Trend 2 7.1.3.    Market Trend 3 7.2.    Market Drivers 7.2.1.    Market Driver 1 7.2.2.    Market Driver 2 7.2.3.    Market Driver 3 7.3.    Market Challenges 7.3.1.    Market Challenge 1 7.3.2.    Market Challenge 2 7.3.3.    Market Challenge 3 8.       Opportunities Analysis 8.1.    Market Opportunity 1 8.2.    Market Opportunity 2 8.3.    Market Opportunity 3 9.       Competitive Landscape 9.1.    Leroy Seafood Group ASA 9.2.    SalMar ASA 9.3.    Mowi ASA 9.4.    Sea Delight Group 9.5.    Ideal Foods Ltd. 9.6.    Company 6 9.7.    Company 7 9.8.    Company 8 9.9.    Company 9 9.10.  Company 10 |
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Salmon Fish Market – FAQs
1. What is the current size of the salmon fish market?
Ans. In 2025, the salmon fish market size is USD 21,560.52 Mn.
2. Who are the major vendors in the salmon fish market?
Ans. The major vendors in the salmon fish market are Leroy Seafood Group ASA; SalMar ASA; Mowi ASA; Sea Delight Group; Ideal Foods Ltd.
3. Which segments are covered under the salmon fish market segments analysis?
Ans. The salmon fish market report offers in-depth insights into Species, Form, and Geography.