Europe Salmon Market to Reach 2,314,100 Tons by 2032, Driven by the Rising Popularity of Seafood

August 18, 2023 | Food & Beverages

According to the latest report by IMARC Group, titled “Europe Salmon Market Report by Type (Farmed, Wild Captured), Species (Atlantic, Pink, Chum/Dog, Coho, Sockeye, and Others), End Product Type (Frozen, Fresh, Canned, and Others), Distribution Channel (Foodservice, Retail), and Country 2024-2032,” the Europe salmon market size reached 1,778,220 Tons in 2023. Salmon is a common name for several species of ray-finned fish in the family Salmonidae. Salmon are known for their vibrant color and distinctive life cycle, which involves freshwater and saltwater phases. In terms of physical characteristics, salmon are generally silver-white with a hint of pink or red. They can vary greatly in size, with some species reaching up to 150 cm in length and weighing up to 45 kg. Salmon are anadromous, meaning they are born in freshwater, migrate to the sea, and return to freshwater to reproduce, or 'spawn.' This journey is arduous and fraught with hazards, and many salmon die either during the journey or shortly after spawning. Salmon is an incredibly nutrient-dense food, high in protein, omega-3 fatty acids, and vitamin D, thereby making it a popular choice in many cuisines worldwide. The global demand for salmon, both wild and farmed, remains high, which is resulting in a significant salmon fishing and aquaculture industry. Sustainable fishing and farming practices are essential to preserving salmon populations and ecosystems, as some species have been overfished to the point of endangerment. Salmon also holds cultural and symbolic significance in many societies, particularly among Native American and First Nations peoples.


Europe Salmon Market Trends:

The rising health consciousness among consumers represents one of the key factors driving the growth of the salmon market across Europe. Salmon is recognized as a superfood, packed with protein, vitamins, and particularly omega-3 fatty acids, which are known to promote heart health. As consumers increasingly look for healthier dietary choices, the demand for salmon and salmon-based products is significantly rising. The increasing popularity of seafood and fish in European diets is propelling the market growth. In particular, the Mediterranean diet, rich in seafood, has been linked to numerous health benefits, is influencing dietary habits across Europe. Salmon fits well into this dietary pattern due to its nutritional profile and culinary versatility, which is facilitating its consumption, thereby contributing to the market growth. Significant technological advancements in fish farming have improved productivity and fish health, which is leading to a more stable and sustainable supply of salmon. In addition to this, supermarkets and hypermarkets are extensive distribution networks, which is making fresh and processed salmon products more available to consumers. The online sales of salmon are also witnessing growth due to the convenience and variety offered, which is enhancing market penetration and thereby driving the market toward growth. Apart from this, the rising demand for processed and canned salmon is also contributing to the expansion of the market. Such products offer longevity and convenience, which are appealing to the fast-paced lifestyles of many European consumers. Additionally, the growing popularity of sushi, sashimi, and other Asian cuisines in Europe is driving the demand for fresh, high-quality salmon, which is creating a positive outlook for the market across the region. Looking forward, the market volume is projected to reach 2,314,100 Tons by 2032, expanding at a CAGR of 2.9% during 2024-2032.


Market Summary:

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


Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units ‘000 Tons
Segment Coverage Type, Species, End Product Type, Distribution Channel, Country
Countries Covered Germany, France, United Kingdom, Italy, Spain, Others
Customization Scope 10% Free Customization
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Europe Salmon Market to Reach 2,314,100 Tons by 2032, Driven by the Rising Popularity of Seafood
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