Europe Salmon Market to Reach 2,043,120 Tons by 2027, Propelled by Rising Popularity of Seafood Cuisines Across the Region

November 28, 2022

According to the latest report by IMARC Group, titled “Europe Salmon Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the Europe salmon market size reached 1,646,000 tons in 2021.  Salmon refers to ray-finned fish belonging to the Salmonidae family, commonly found in the northern Atlantic and Pacific oceans. The fish is characterized by a distinctive pink color. It contains high content of selenium, a trace mineral that plays an important role in DNA synthesis, thyroid hormone metabolism, and reproductive function. The fish is also a rich source of astaxanthin, vitamin B3, vitamin D, potassium, iodine, zinc, protein, omega-3 fatty acids, and other essential nutrients. As a result, regular consumption of salmon ensures various health benefits, such as enhanced bone and brain health, improved weight management, and a lower risk of cardiovascular diseases and eye fatigue. Additionally, salmon improves cell function, maintains blood sugar levels, reduces inflammation, and boosts immunity. It is widely available in different varieties and utilized in the preparation of various food items.

Europe Salmon Market Trends:

The market is majorly driven by the increasing usage of salmon and salmon products in the preparation of numerous European cuisines. This can be attributed to a paradigm shift in consumer dietary preferences from high calorie, carb-based diet to a protein-centric diet. In addition to this, the hectic lifestyles led by the masses resulting in the escalating need for ready-to-eat food products are, in turn, propelling the demand for frozen and canned salmon. Moreover, the introduction of numerous value-added salmon product variants, including salmon oil, salmon spreads, and smoked salmon, to cater to the demands of a wide consumer base is also providing an impetus to the market. The market is also fueled by the increasing establishment of recirculating aquaculture system facilities across the region. Besides this, the augmenting number of restaurants, seafood stalls and hotel chains is creating a positive outlook for the market. The rising trend of organic food products is leading to the escalating sales of organic salmon, which is also acting as a significant growth-inducing factor for the market. Some of the other factors contributing to the market include the growing health consciousness among consumers, inflating disposable income levels, and easy product availability across online and offline organized retail channels. On account of the aforementioned factors, the market is anticipated to reach a value of 2,043,120 tons by 2027, exhibiting a CAGR of 3.52% during 2022-2027.

Market Summary:

  • Based on the type, the market has been segmented into farmed and wild captured.
  • On the basis of the species, the market has been divided into Atlantic, pink, chum/dog, coho, sockeye, and others.
  • Based on the end product type, the market has been categorized into frozen, fresh, canned, and others.
  • On the basis of the distribution channels, the market has been classified into foodservice and retail.
  • On the geographical front, the market has been segregated into Germany, France, the United Kingdom, Italy, Spain, and others.
  • The competitive landscape of the market has been studied in the report with the detailed profiles of the key players.
     

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Europe Salmon Market to Reach 2,043,120 Tons by 2027, Propelled by Rising Popularity of Seafood Cuisines Across the Region
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