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Press Release:
Salmon Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023
Salmon belong to the family Salmonidae and are found in the northern Atlantic and Pacific oceans. They are anadromous, this means that most types of salmon are born in fresh water, migrate to the sea, and then again return back to freshwater to reproduce. These fish have eight fins all together including a tail, also known as caudal fin, which helps them to move easily. Salmon are capable of jumping over four metres to climb waterfalls and stay clear of the obstacles in the water. They are unique in nature as compared to other commercially harvested fish as they swim upstream through the estuaries and into the freshwater for the purpose of reproducing. Salmon can be used for grilling, broiling, poaching, pickling, roasting, smoking as well as for a variety of food preparations such as burgers, tartar, salads and several pasta dishes. According to the latest report by IMARC Group, titled “Salmon Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, the global salmon market reached a volume of 3.6 Million Tons in 2017.
Over the past few years, there has been an increase in the per capita consumption of protein which has resulted in the rising preference for fish as compared to animal meat as it is a rich source of protein. This is one of the major factors which has been proliferating the growth of the market. Apart from this, salmon also offers high levels of omega-3 fats, EPA and DHA which makes it a popular food product among health-conscious consumers as it is highly beneficial for decreasing the risk of heart diseases, diabetes and obesity. A rising worldwide demand for salmon can also be accredited to a rise in the disposable incomes across both developed and emerging economies. Some of the other factors which have positively influenced the growth of the global salmon market include rising health consciousness, value addition, changing dietary habits, convenient packaging, etc. Looking forward, the market volume is projected to exceed 4.5 Million Tons by 2023, expanding at a CAGR of 3.8% during 2018-2023.
Market Summary:
- Based on type, the market has been segmented into farmed and wild captured. Currently, farmed salmon represents the largest segment on account of a significant rise in the salmon aquaculture across the globe.
- On the basis of species, the market has been segregated into Atlantic, Pink, Chum/Dog, Sockeye and Coho. Amongst these, Atlantic salmon represents the most popular species amongst the consumers.
- Based on the distribution channel, the market has been segmented as food service and retail. Foodservice currently represents the largest distribution channel.
- Based on the end-product, the market has been segmented as frozen, fresh and canned. Amongst these, frozen salmon represents the most widely consumed product.
- On the basis of production, Norway is the largest market for farmed salmon followed by Chile, Scotland, Canada and Faroe Islands. On the other hand, for wild captured salmon, the United States represents the biggest producing region followed by Russia, Japan and Canada.
- The salmon market has also been segmented based on end-markets which represent the major consumption regions. This segment is being led by EU followed by the United States, Russia, China, Brazil and Japan.
- The competitive landscape of the global salmon market has also been examined with some of the key players being Marine Harvest, Cermaq, Leroy Seafood group and SalMar.
This report provides a deep insight into the global salmon industry 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. The report also provides a comprehensive analysis for setting up a salmon manufacturing plant. The study analyses the processing and manufacturing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the salmon industry in any manner.
Key Questions Answered in This Report:
- How has the global salmon market performed so far and how will it perform in the coming years?
- What are the different salmon types?
- What are the major distribution channels in the global salmon industry?
- What are the end-product types in the global salmon industry?
- What are the key producing regions for salmon?
- What are the key end-markets for salmon?
- What are the price trends of salmon?
- What are the various stages in the value chain of the salmon industry?
- What are the key driving factors and challenges in the global salmon industry?
- What is the structure of the global salmon industry and who are the key players?
- What is the degree of competition in the global salmon industry?
- What are the profit margins in the global salmon industry?
- What are the key requirements for setting up a salmon processing plant?
- How is salmon processed?
- What are the various unit operations involved in a salmon processing plant?
- What is the total size of land required for setting up a salmon processing plant?
- What are the machinery requirements for setting up a salmon processing plant?
- What are the raw material requirements for setting up a salmon processing plant?
- What are the packaging requirements for salmon?
- What are the transportation requirements for salmon?
- What are the utility requirements for setting up a salmon processing plant?
- What are the manpower requirements for setting up a salmon processing plant?
- What are the infrastructure costs for setting up a salmon processing plant?
- What are the capital costs for setting up a salmon processing plant?
- What are the operating costs for setting up a salmon processing plant?
- What will be the income and expenditures for a salmon processing plant?
- What is the time required to break-even?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Salmon Market
5.1 Market Overview
5.2 Market Performance
5.2.1 Volume Trends
5.2.2 Value Trends
5.3 Market Breakup by Type
5.4 Market Breakup by Region
5.5 Market Breakup by End-Markets
5.6 Market Breakup by Species
5.7 Market Breakup by End-Product Type
5.8 Market Breakup by Distribution Channel
5.9 Market Forecast
5.10 SWOT Analysis
5.10.1 Overview
5.10.2 Strengths
5.10.3 Weaknesses
5.10.4 Opportunities
5.10.5 Threats
5.11 Value Chain Analysis
5.11.1 Overview
5.11.2 Raw Material Procurement
5.11.3 Primary Processing
5.11.4 Large Scale Industrial Processing
5.11.5 Packaging and Export
5.11.6 Distribution
5.11.7 End-Use
5.12 Porters Five Forces Analysis
5.12.1 Overview
5.12.2 Bargaining Power of Buyers
5.12.3 Bargaining Power of Suppliers
5.12.4 Degree of Competition
5.12.5 Threat of New Entrants
5.12.6 Threat of Substitutes
5.13 Price Analysis
5.13.1 Price Trends
5.13.2 Price Indicators
5.13.3 Margins Analysis
6 Market Breakup by Type
6.1 Farmed
6.2 Wild Captured
7 Market Breakup by Producing Region
7.1 Aquaculture
7.1.1 Norway
7.1.2 Chile
7.1.3 Scotland
7.1.4 Canada
7.1.5 Faroe Islands
7.1.6 Others
7.2 Wild Captured
7.2.1 United States
7.2.2 Russia
7.2.3 Japan
7.2.4 Canada
7.2.5 Others
8 Market Breakup by End-Markets
8.1 EU
8.2 Russia
8.3 US
8.4 Brazil
8.5 Japan
8.6 China
8.7 Others
9 Market Breakup by Species
9.1 Atlantic
9.2 Pink
9.3 Chum/Dog
9.4 Coho
9.5 Sockeye
9.6 Others
10 Market Breakup by End-Product Type
10.1 Frozen
10.2 Fresh
10.3 Canned
10.4 Others
11 Market Breakup by Distribution Channel
11.1 Foodservice
11.2 Retail
12 Competitive Landscape
12.1 Market Structure
12.2 Key Players
13 Salmon Processing
13.1 Product Overview
13.2 Detailed Process Flow
13.3 Various Types of Unit Operations Involved
13.4 Mass Balance and Raw Material Requirements
13.5 Key Success and Risk Factors
14 Project Details, Requirements and Costs Involved
14.1 Land, Location and Site Development
14.2 Construction Requirements and Expenditures
14.3 Plant Machinery
14.4 Raw Materials Requirements and Expenditures
14.5 Packaging Requirements and Expenditures
14.6 Transportation Requirements and Expenditures
14.7 Utilities Requirements and Expenditures
14.8 Manpower Requirements and Expenditures
14.9 Other Capital Investments
15 Loans and Financial Assistance
16 Project Economics
16.1 Capital Cost of the Project
16.2 Techno-Economic Parameters
16.3 Product Pricing and Margins Across Various Levels of the Supply Chain
16.4 Income Projections
16.5 Expenditure Projections
16.6 Taxation and Depreciation
16.7 Financial Analysis
16.8 Profit Analysis
17 Profiles of Key Players
17.1 Marine Hravest
17.1.1 Company Overview
17.1.2 Company Description
17.1.3 Product Portfolio
17.1.4 Financials
17.2 Leroy Seafood Group
17.2.1 Company Overview
17.2.2 Company Description
17.2.3 Product Portfolio
17.2.4 Financials
17.3 Cremaq
17.3.1 Company Overview
17.3.2 Company Description
17.3.3 Product Portfolio
17.3.4 Financials
17.4 SalMar
17.4.1 Company Overview
17.4.2 Company Description
17.4.3 Product Portfolio
17.4.4 Financials
List of Figures
Figure 1: Global: Salmon Market: Major Drivers and Challenges
Figure 2: Global: Salmon Market: Production Volume (in Million Tons), 2010-2017
Figure 3: Global: Salmon Market: Consumption Volume (in Million Tons), 2010-2017
Figure 4: Global: Salmon Market: Sales Value (in Billion US$), 2010-2017
Figure 5: Global: Salmon Market: Breakup by Type (in %), 2017
Figure 6: Global: Salmon Market: Breakup by Farmed Salmon Producing Regions (in %), 2017
Figure 7: Global: Salmon Market: Breakup by Wild Captured Salmon Regions (in %), 2017
Figure 8: Global: Salmon Market: Breakup by End-Markets (in %), 2017
Figure 9: Global: Salmon Market: Breakup by Species (in %), 2017
Figure 10: Global: Salmon Market: Breakup by End-Product Types (in %), 2017
Figure 11: Global: Salmon Market: Breakup by Distribution Channels (in %), 2017
Figure 12: Global: Salmon Market Forecast: Production Volume (in Million Tons), 2018-2023
Figure 13: Global: Salmon Market Forecast: Consumption Volume (in Million Tons), 2018-2023
Figure 14: Global: Salmon Market Forecast: Sales Value (in Billion US$), 2018-2023
Figure 15: Global: Salmon Industry: SWOT Analysis
Figure 16: Global: Salmon Industry: Value Chain Analysis
Figure 17: Global: Salmon Industry: Porter’s Five Forces Analysis
Figure 18: Salmon Average Prices: (in US$/Ton), 2010-2017
Figure 19: Salmon Price Forecast: (in US$/Ton), 2018-2023
Figure 20: Salmon Price Structure Analysis
Figure 21: Salmon Price Structure Analysis (in %)
Figure 22: Salmon Industry: Profit Margins at Various Levels of the Supply Chain
Figure 23: Global: Farmed Salmon Market: Production Volume (in ‘000 Tons), 2010, 2017 & 2023
Figure 24: Global: Wild Captured Salmon Market: Production Volume (in ‘000 Tons), 2010, 2017 & 2023
Figure 25: Norway: Farmed Salmon Market: Production Volume (in ‘000 Tons), 2010, 2017 & 2023
Figure 26: Chile: Farmed Salmon Market: Production Volume (in ‘000 Tons), 2010, 2017 & 2023
Figure 27: Scotland: Farmed Salmon Market: Production Volume (in ‘000 Tons), 2010, 2017 & 2023
Figure 28: Canada: Farmed Salmon Market: Production Volume (in ‘000 Tons), 2010, 2017 & 2023
Figure 29: Faroe Islands: Farmed Salmon Market: Production Volume (in ‘000 Tons), 2010, 2017 & 2023
Figure 30: Others: Farmed Salmon Market: Production Volume (in ‘000 Tons), 2010, 2017 & 2023
Figure 31: United States: Wild Capture Salmon Market: Production Volume (in ‘000 Tons), 2010, 2017 & 2023
Figure 32: Russia: Wild Capture Salmon Market: Production Volume (in ‘000 Tons), 2010, 2017 & 2023
Figure 33: Japan: Wild Capture Salmon Market: Production Volume (in ‘000 Tons), 2010, 2017 & 2023
Figure 34: Canada: Wild Capture Salmon Market: Production Volume (in ‘000 Tons), 2010, 2017 & 2023
Figure 35: Others: Wild Capture Salmon Market: Production Volume (in ‘000 Tons), 2010, 2017 & 2023
Figure 36: EU: Salmon Market: Consumption Volume (in ‘000 Tons), 2010, 2017 & 2023
Figure 37: Russia: Salmon Market: Consumption Volume (in ‘000 Tons), 2010, 2017 & 2023
Figure 38: US: Salmon Market: Consumption Volume (in ‘000 Tons), 2010, 2017 & 2023
Figure 39: Brazil: Salmon Market: Consumption Volume (in ‘000 Tons), 2010, 2017 & 2023
Figure 40: Japan: Salmon Market: Consumption Volume (in ‘000 Tons), 2010, 2017 & 2023
Figure 41: China: Salmon Market: Consumption Volume (in ‘000 Tons), 2010, 2017 & 2023
Figure 42: Others: Salmon Market: Consumption Volume (in ‘000 Tons), 2010, 2017 & 2023
Figure 43: Global: Atlantic Salmon Market: Production Volume (in ‘000 Tons), 2010, 2017 & 2023
Figure 44: Global: Pink Salmon Market: Production Volume (in ‘000 Tons), 2010, 2017 & 2023
Figure 45: Global: Chum/Dog Salmon Market: Production Volume (in ‘000 Tons), 2010, 2017 & 2023
Figure 46: Global: Coho Salmon Market: Production Volume (in ‘000 Tons), 2010, 2017 & 2023
Figure 47: Global: Sockeye Salmon Market: Production Volume (in ‘000 Tons), 2010, 2017 & 2023
Figure 48: Global: Others Salmon Market: Production Volume (in ‘000 Tons), 2010, 2017 & 2023
Figure 49: Global: Frozen Salmon Market: Consumption Volume (in ‘000 Tons), 2010, 2017 & 2023
Figure 50: Global: Fresh Salmon Market: Consumption Volume (in ‘000 Tons), 2010, 2017 & 2023
Figure 51: Global: Canned Salmon Market: Consumption Volume (in ‘000 Tons), 2010, 2017 & 2023
Figure 52: Global: Other End-Product Types Market: Consumption Volume (in ‘000 Tons), 2010, 2017 & 2023
Figure 53: Global: Salmon Market: Sales through Foodservice (in ‘000 Tons), 2010, 2017 & 2023
Figure 54: Global: Salmon Market: Sales through Retail (in ‘000 Tons), 2010, 2017 & 2023
Figure 55: Salmon Processing Plant: Detailed Process Flow
Figure 56: Salmon Processing Plant: Various Types of Unit Operations Involved
Figure 57: Salmon Processing: Conversion Rate of Feedstocks
Figure 58: Salmon Processing Plant: Breakup of Capital Costs (in %)
Figure 59: Salmon Industry: Profit Margins at Various Stages of Supply Chain
Figure 60: Salmon Processing Plant: Breakup of Operational Costs
List of Tables
Table 1: Global: Salmon Market: Key Industry Highlights, 2017 and 2023
Table 2: Global: Salmon Market Forecast: Breakup by Type (in ‘000 Tons), 2018-2023
Table 3: Global: Salmon Market Forecast: Breakup by Producing Regions (in ‘000 Tons), 2018-2023
Table 4: Global: Salmon Market Forecast: Breakup by End-Markets (in ‘000 Tons), 2018-2023
Table 5: Global: Salmon Market Forecast: Breakup by Species (in ‘000 Tons), 2018-2023
Table 6: Global: Salmon Market Forecast: Breakup by End-Product Types (in ‘000 Tons), 2018-2023
Table 7: Global: Salmon Market Forecast: Breakup by Distribution Channels (in ‘000 Tons), 2018-2023
Table 8: Global: Salmon Market Structure
Table 9: Global: Salmon Market: Key Players
Table 10: Salmon Processing Plant: Raw Material Requirements (in Tons/Day)
Table 11: Salmon Processing Plant: Costs Related to Land and Site Development (in US$)
Table 12: Salmon Processing Plant: Costs Related to Civil Works (in US$)
Table 13: Salmon Processing Plant: Costs Related to Plant and Machinery (in US$)
Table 14: Salmon Processing Plant: Raw Material Requirements (in Tons/Day) and Expenditures (US$/Ton)
Table 15: Salmon Processing Plant: Utility Requirements and Expenditures
Table 16: Salmon Processing Plant: Costs Related to Salaries and Wages (in US$)
Table 17: Salmon Processing Plant: Costs Related to Other Capital Investments (in US$)
Table 18: Details of Financial Assistance Offered by Financial Institutions
Table 19: Salmon Processing Plant: Capital Costs (in US$)
Table 20: Salmon Processing Plant: Techno-Economic Parameters
Table 21: Salmon Processing Plant: Income Projections (in US$)
Table 22: Salmon Processing Plant: Expenditure Projections (in US$)
Table 23: Salmon Processing Plant: Taxation (in US$/Year)
Table 24: Salmon Processing Plant: Depreciation (in US$/Year)
Table 25: Salmon Processing Plant: Cash Flow Analysis Without Considering the Income Tax Liability
Table 26: Salmon Processing Plant: Profit and Loss Account (in US$)
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