The North America salmon market reached a volume of 430,000 Tons in 2018. Salmon is the common name for fish, Salmoniformes. They are found in the northern Atlantic and Pacific oceans and are anadromous. Salmon varies greatly from species to species. The species like chum salmon are silvery-blue in color while Atlantic salmon have black spots on their sides. The consumption of salmon is associated with numerous health benefits as they are high in calcium, iodine, vitamin D, vitamin B3, zinc, protein and omega-3s but low in saturated fat. It is also a source of cholesterol, with a range of 23–214 mg/100 g depending on the species. They offer numerous health benefits such as improved bone and brain health, weight management, relieved eye fatigue, lowered risk of cardiovascular disease, lowered blood pressure and enhanced overall health. Increasing consumer awareness, adding value, convenient packaging, etc. are some of the other variables that have strongly affected salmon market growth.
North America salmon market is currently being driven by several factors. Rising preferences for easily consumable food products have resulted in the addition of various products including frozen salmon, canned salmon, smoked salmon, salmon jerky, salmon oil, salmon lox, salmon spreads among others. In addition to this, salmon has several health benefits as it provides consumers with omega-3 fatty acids which help in improving heart health, inflammation, depression and anxiety, thus having a huge potential in the functional food industry. Salmon prevents and slows down the development of heart disease and helps boost brain function. Additionally, it helps in the formation and maintenance of bones and teeth and, enhances the absorption and utilization of calcium and phosphorus. It also reduces the risk of cancer, stroke, depression, Alzheimer’s disease, arthritis, Crohn’s disease and asthma. Another major factor driving the consumption of salmon has been a change in the dietary habits in the region. Moreover, catalyzed by the increasing disposable incomes, sedentary lifestyles and increasing awareness on health and wellness, fish consumption has been increasing in the region. A significant share of consumers cites health reasons as their primary motivation for eating fishes such as salmon as they tend to be low in saturated fats and carbohydrates, and high in a range of micronutrients. Looking forward, IMARC Group expects the market to reach a volume of 530,000 Tons by 2024, registering a CAGR of 3.5% during 2019-2024.
Key Questions Answered in This Report:
IMARC Group’s latest report provides a deep insight into the North America salmon market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the North America salmon market in any manner.
Report Customization: Although IMARC has tried to cover everything in the North America salmon market landscape, we believe that every stakeholder may have their own specific needs. In view of this, we provide up to 20-man hours of free customization for each report.
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