New Year and Chrismas Offer
Salmon Market

Salmon Market Size, Share and Segmentation by Type (Chinook Salmon, Coho Salmon, Pink Salmon, Red Salmon, Silverbrite Salmon, and Salmo Salar), by End Product Type (Fresh, Frozen, Canned, and Others), by Distribution Channel (Retail Stores, Supermarkets/Hypermarkets, and Online Sales Channels), by Regions and Global Market Forecasts 2022-2028

Report Id: SNS/F&B/1531 | May 2022 | Region: Global | 130 Pages

Salmon Market Overview:

The Salmon Market Size was esteemed at USD 6.9 billion out of 2021 and is supposed to arrive at USD 10.4 billion by 2028, and develop at a CAGR of 6.5% over the forecast period 2022-2028.

Salmon is usually characterized as a sleek fish with rich substances of protein and omega-3 unsaturated fats. Most Atlantic salmon accessible in the worldwide market are cultivated, though most Pacific salmon are wild-gotten. Salmon is accessible in various assortments, for example, chinook, coho, pink, red, Salmo salar, and silverbrite. The interest in salmon is quickly expanding universally because of the medical advantages it gives, for example, decreased coronary illness, keeping up with weight file, and development and improvement of bones.

Salmon Market Revenue Graph

The developing interest for prepared-to-eat salad items combined with the rising notoriety of hot smoked salmon fish is additionally expected to help the market development. The developing acknowledgment of Norwegian natural smoked fish to help the protein and minerals in the eating regimen is driving the market development. In addition, the rising interest in Whole fish in the U.S. also, China is additionally expected to support the market development. The rising interest for salmon fish to get omega-3 unsaturated fats and the solvent Vitamin-D are the central point’s moving the market interest. Be that as it may, the absence of a talented labor force to work hydroponics is frustrating business sector development.

Market Dynamics:

Driving Factors:

  • The developing wellbeing awareness, inactive way of life propensities.

  • Developing stoutness among the populace, and rising discretionary cash flow.

Restraining Factors:

  • Low-input hydroponics overall is outfitted to giving food and broadening pay for the salmon rancher.

Opportunities:

  • The interest in frozen and canned salmon is becoming dramatically because of the rising number of the working populace.

  • The development of prepared-to-eat food items.

Challenges:

  • The disclosure of savagery follows up on animals at animal ranches and slaughterhouses.

  • The development of the veggie lover populace is on the ascent and is supposed to develop altogether all over the planet.

Covid-19 Impact:

The worldwide salmon area has felt the effect of COVID-19 up and down the store network, with creation, handling, and coordinated operations. In Norway, costs were extremely high in Q1, at over NOK 70 for each kilo, and makers have profited from a few long periods of costs, making the area genuinely versatile. In Chile, strategic isolations, curfews, and other COVID-19 limitations have prompted lower volumes of salmonids arriving at handling plants.

Impact of Ukraine-Russia War:

Russia's intrusion of Ukraine has proactively influenced imports of Norwegian salmon. Besides, Europe, the United States, and Japan forced sanctions on Russia to eliminate a few Russian banks from the SWIFT, which will influence Japan's import of Russia's marine items like crabs, salmon, and ocean imps, revealed Minato Shimbun.

Market Estimations:

By Product Type:

In light of Product type, the new section is the biggest fragment. Buying and eating newly gathered is the most ideal way to guarantee no additives, synthetic substances, or colors have been included in the food. Furthermore, new salmon loses its dietary benefit over the long run so it should consume rapidly as additional supplements can be acquired from it.

By Distribution channel type:

By distribution channel, the portion of the retail location was the conspicuous section, attributable to high ubiquity and wide-scale entrance in driving salmon business sectors. Retail locations permit clients to see items including fish. Moreover, agreeable and supportive staff additionally assists with building client steadfastness by offering great quality salmon that makes purchasers visit over and over.

Key Market Segmentation:

By Type:

  • Chinook Salmon

  • Coho Salmon

  • Pink Salmon

  • Red Salmon

  • Salmo Salar

  • Silverbrite Salmon

By End product type:

  • Fresh

  • Frozen

  • Canned 

  • Others

By Distribution channel:

  • Retail stores

  • Hypermarket/Supermarket

  • online sales channels

Salmon Market Segment Chart

Regional Analysis:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

The interest in the salmon in hardly any European nations, the U.S., and Japan is lessening while the development potential is high in Asia-Pacific and Latin America. The developing interest for salmon in developing business sectors like Asia-Pacific and Latin America is offering rewarding learning experiences to the players working in the worldwide salmon market. Moreover, interest in eco-named cultivated salmon is rising quickly and the inclination for new food items is moving in the salmon market.

Key Players:

Companies covered in Salmon markets are Cremaq Group ASA, Leroy Seafood Group ASA, Mowi ASA, SalMar ASA, Bakkafrost, Greig Seafood, Blumar, Salmones Camanchaca, Nova Sea, Alsaker Fjordbruk, Nordlaks.

Salmon Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 6.9 Billion
Market Size by 2028 US$ 10.4 Billion
CAGR CAGR 6.5% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • by Type (Chinook Salmon, Coho Salmon, Pink Salmon, Red Salmon, Silverbrite Salmon, and Salmo Salar)
• by End Product Type (Fresh, Frozen, Canned, and Others)
• by Distribution Channel (Retail Stores, Supermarkets/Hypermarkets, and Online Sales Channels)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, +D11UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Cremaq Group ASA, Leroy Seafood Group ASA, Mowi ASA, SalMar ASA, Bakkafrost, Greig Seafood, Blumar, Salmones Camanchaca, Nova Sea, Alsaker Fjordbruk, Nordlaks.
Key Drivers •The developing wellbeing awareness, inactive way of life propensities.
•Developing stoutness among the populace, and rising discretionary cash flow.
Market Restraints •Low-input hydroponics overall is outfitted to giving food and broadening pay for the salmon rancher.


Frequently Asked Questions (FAQ) :

Ans: The base year calculated in the Salmon Market report is 2021.

Ans: Companies covered in Salmon markets re Cremaq Group ASA, Leroy Seafood Group ASA, Mowi ASA, SalMar ASA, Bakkafrost, Greig Seafood, Blumar, Salmones Camanchaca, Nova Sea, Alsaker Fjordbruk, Nordlaks.

Ans: The Asia Pacific and Latin America hold the most extreme portion of the overall industry of the Salmon Market.

Ans: The developing wellbeing awareness, inactive way of life propensities, and the development of prepared-to-eat food items are the elements driving and resulting in opportunities for the Salmon market.

Ans: The Global Salmon Market Size was esteemed to develop at a CAGR of 6.5% over the forecast period 2022-2028.


Table of Contents

 

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

4.1 Covid 19 Impact Analysis

4.2 Impact of the Ukraine and Russia war

 

5. Value chain analysis

 

6. Porter’s 5 forces model

 

7. PEST analysis

 

8. Global Salmon Market segmentation, by Type

8.1 Chinook Salmon

8.2 Coho Salmon

8.3 Pink Salmon

8.4 Red Salmon

8.5 Salmo Salar

8.6 Silverbrite Salmon

 

9.  Global Salmon Market segmentation, by End product type

9.1 Fresh

9.2 Frozen

9.3 Canned 

9.4 Others

 

10.  Global Salmon Market segmentation, by Distribution channel

10.1 Retail stores

10.2 Hypermarket/Supermarket

10.3 Online sales channels

 

11. Global Salmon Market, by region/ country

11.1 Introduction

11.2 North America

11.2.1 USA

11.2.2 Canada

11.2.3 Mexico

11.3 Europe

11.3.1 Germany

11.3.2 UK

11.3.3 France

11.3.4 Italy

11.3.5 Spain

11.3.6 The Netherlands

11.3.7 Rest of Europe

11.4 Asia-Pacific

11.4.1 Japan

11.4.2 South Korea

11.4.3 China

11.4.4 India

11.4.5 Australia

11.4.6 Rest of Asia-Pacific

11.5 The Middle East & Africa

11.5.1 Israel

11.5.2 UAE

11.5.3 South Africa

11.5.4 Rest

11.6 Latin America

11.6.1 Brazil

11.6.2 Argentina

11.6.3 Rest of Latin America

 

12. Company profiles

12.1 Cremaq Group ASA

12.1.1 Financial

12.1.2 Products/ Services Offered

12.1.3 Swot Analysis

12.1.4 The SNS View

12.2 Leroy Seafood Group ASA

12.3 Mowi ASA

12.4 SalMar ASA

12.5 Bakkafrost

12.6 Greig Seafood

12.7 Blumar

12.8 Salmones Camanchaca

12.9 Nova Sea

12.10 Alsaker Fjordbruk

12.12 Nordlaks.

 

13. Competitive Landscape

13.1 Competitive Bench Marking

13.2 Market Share Analysis

13.3 Recent Developments

 

14. Conclusion

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.

Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.

 

The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.

We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.

Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.

Step 3: Data Bank Validation

Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.

Step 4: QA/QC Process

After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.

Step 5: Final QC/QA Process:

This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.