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United States Salmon Market to Reach US$ 1,689 Million by 2027, Propelled by the Extensive Import of Pacific Salmon into the Country

Published on Nov 24, 2022

The latest report by IMARC, titled “United States Salmon Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, finds that the United States salmon market size reached US$ 1,321 Million in 2021. Salmon refers to a species of ray-finned, oily fish belonging to the family of Salmonidae. It is a good source of vitamins, iodine, potassium, astaxanthin, zinc, omega-3 fatty acids, protein, and other essential nutrients. Salmon minimizes the risk of developing dementia, cancer, Alzheimer’s, and other cognitive disorders. It is used for broiling, grilling, pickling, poaching, roasting, and smoking to prepare food items, such as tartar, salads, burgers, and pasta. In recent years, salmon has gained momentum in the United States as key players are introducing innovative packaging formats, such as vacuum skin packaging, which displays the salmon clearly and eliminates its contact with the air, thus keeping it fresh.

The United States Salmon Market Trends:

One of the primary factors driving the market is the extensive import of Pacific salmon into the United States. Additionally, there is a rising demand for other salmon species, including chum, coho, sockeye, and chinook, which is creating a positive market outlook. Other than this, the expanding income levels of the masses, in confluence with the rising health consciousness, is positively influencing market growth. Besides this, individuals are increasingly adopting lean meat and protein-rich foods in their daily diets. In line with this, on account of the increasing working population and busy lifestyles, the demand for ready-to-cook and convenient food products, such as frozen and canned salmon, is escalating across the country. Other major growth-inducing factors include sedentary lifestyle habits, growing obesity, and numerous product variations launched by key players, such as smoked salmon, salmon spreads and salmon oil. Looking forward, IMARC Group expects the market value to reach US$ 1,689 Million by 2027, expanding at a CAGR of 4.29% during the forecast period (2022-2027).

Market Summary:

  • Based on the type, the market has been bifurcated 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 segmented into frozen, fresh, canned, and others.
  • On the basis of the distribution channel, the market has been segregated into foodservice and retail.
  • Region-wise, the market has been classified into Northeast, Midwest, South, and West.
  • The competitive landscape of the market has also been analyzed, along with detailed profiles of the key players operating in the industry.
     

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