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The global salmon market was valued at US$ 23.19 Billion in 2020.
We expect the global salmon market to exhibit a CAGR of 6.3% during 2021-2026.
The growing consumer inclination from high-calorie, carb-based food items towards protein-rich alternatives represents one of the key factors driving the global salmon market.
Sudden outbreak of the COVID-19 pandemic has led to the changing consumer inclination from conventional brick-and-mortar distribution channels towards online retail platforms for the purchase of salmon and salmon-based products.
Based on the type, the global salmon market has been divided into farmed salmon and wild captured salmon. Currently, farmed salmon holds the majority of the total market share.
Based on the species, the global salmon market can be segregated into Atlantic, pink, coho, chum/dog, sockeye, and others. Among these, Atlantic currently represents the largest segment.
Based on the end-product type, the global salmon market has been bifurcated into fresh, canned, frozen, and others, where frozen salmon currently exhibits a clear dominance in the market.
Based on the distribution channel, the global salmon market can be categorized into retail and foodservice. Currently, foodservice distribution channel holds the majority of the total market share.
On a regional level, the production of the global wild captured salmon market has been classified into United States, Russia, Canada, Japan, and others, where United States is leading the global market.
On a regional level, the production of the global farmed salmon market can be divided into Norway, Scotland, the Faroe Islands, Chile, Canada, and others. Currently, Norway dominates the global market.
On a regional level, the consumption of the market has been segmented into European Union, United States, Russia, Japan, Brazil and China, where the European Union currently holds the largest segment.
Some of the major players in the global salmon market include Cremaq Group ASA, Leroy Seafood Group ASA, Mowi ASA, and SalMar ASA.
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