Top 4 Salmon Companies in the World

The global salmon market size reached 3.6 Million Tons in 2023. As per the analysis by IMARC Group, the top salmon companies are increasingly focusing on investments in R&D to upgrade their aquaculture facilities and provide healthier and more value-adding products. The major market players are implementing new feed technologies to improve fish health, reduce waste, as well as enhance efficiency and reduce operation costs. Moreover, the growing adoption of strategic marketing and branding campaigns for growing consumer awareness and the augmenting demand for salmon and its byproducts, such as smoked salmon, canned salmon, and sushi. The major companies are also implementing strict quality control measures involving monitoring the hatcheries and farms to processing plants and distribution centers to ensure compliance with safety and quality standards. In addition to this, manufacturers are focusing on sustainable business practices, such as adopting more responsible aquaculture practices, introducing traceability systems, and pursuing sustainability certifications from leading councils. The key players are also focusing on mergers and acquisitions (M&As), partnerships and collaborations to enhance their geographical presence. Some of the other factors contributing to the market include the escalating demand for healthy and sustainable protein among the masses, rapid product utilization in animal feed, and inflating disposable income levels. By 2028, the market to reach 4.8 Million Tons by 2032, exhibiting a growth rate (CAGR) of 3.1% during 2024-2032.

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List of Top Companies Operating in the Salmon Industry Worldwide:

The global salmon market has several major players including Cremaq Group ASA, Leroy Seafood Group ASA, Mowi ASA and SalMar ASA. More information about these companies has been provided below.

1. Cermaq Group ASA

The Cremaq Group ASA is a top player in the global salmon market, specializing in salmon farming, processing, and sales. The company has adopted a vertically integrated business model comprising hatcheries, harvesting channels, and sales of salmon products. In addition to providing fresh and frozen salmon products, Cremaq Group ASA also manufactures value-added seafood commodities under multiple brand names. As a leading player in the salmon industry, the company has established strategic partnerships and collaborations with leading suppliers and key stakeholders to enhance its global business presence. Cremaq Group has primary salmon farming operations in Norway and major processing facilities across Norway, Chile, and Canada. The company employs more than 3500 employees in different countries, such as Norway, Chile, Canada, and the United States. Additionally, the company conducts extensive research and development (R&D) activities on sustainable aquaculture, animal welfare practices, and promoting community engagement.

2. Leroy Seafood Group ASA

Leroy Seafood Group ASA, founded in 1899, is a Norwegian seafood company has a significant market share in the global salmon market and is considered as one of the largest producers of farmed salmon worldwide. The company is primarily engaged in the production, processing, and distribution of salmon, trout and other seafood products. In addition to this, Leroy has expanded into other areas of the seafood industry, including shellfish and crustaceans farming. The company is also involved in extensive research and development (R&D) focusing on developing innovative farming techniques and improved product variants. Leroy Seafood Group ASA has a vertically integrated business model including end-to-end salmon production, encompassing hatcheries, fish farms, processing facilities, and widespread distribution networks. The has a strong business presence across Europe and operates in more than 80 countries around the world, including Scotland, Chile, Spain, China and Japan. The company employs around 6,000 employees and their deliveries correspond to 1.75 billion meals every year.

3. Mowi ASA

Mowi ASA, formerly Marine Harvest ASA, is a leading global seafood company and is regarded as one of the world's largest producers of Atlantic salmon. The company is involved in the complete salmon farming value chain, including hatcheries, feed production, fish farming, processing, sales, and distribution. Mowi ASA manufactures an extensive assortment of salmon products that include fresh and frozen whole salmon, fillets, smoked salmon, and value-added seafood products under various brand names. With operations in over 25 countries across the globe, the company employs a diverse workforce exceeding 11,500 employees. Mowi ASA has established a significant global presence through operations across multiple countries in Europe, North America, South America, and Asia. Additionally, the company has invested in extensive research and development (R&D) activities aimed at sustainable business practices and has implemented rigorous environmental, social, and governance (ESG) measures in its operations.

4. SalMar ASA

SalMar ASA is considered to be one of the leading producers of Atlantic salmon in the world and is recognized for its commitment to sustainable and responsible farming practices. The company is engaged in various activities within the value chain of salmon production, including farming, processing, and distribution. It operates in a fully integrated operation system that span from broodstock and smolt production to sea farming, harvesting, and processing, enabling the company to develop a fully integrated value chain. In addition to its large-scale production capabilities, SalMar ASA has also implemented various sustainable measures including using feed with a lower environmental footprint, reducing antibiotics usage, and investing in new technologies to improve fish health and welfare. SalMar ASA has established a global presence with operations in Norway, Scotland, Iceland, and Canada.

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