Salmon Market Demand, Size, Share, Growth and Forecast | 2034

Salmon Market Outlook

According to the report by Expert Market Research (EMR), the global salmon market size attained a volume of about 4.50 Million in 2024. Driven by increasing consumer demand for healthy protein sources, a rising preference for seafood, and continued advancements in aquaculture technologies, the market is projected to grow at a CAGR of 3.80% between 2025 and 2034, reaching a volume of about 6.53 Million Tons by 2034.

Salmon, known for its high nutritional value, including omega-3 fatty acids, protein, and essential vitamins, is a cornerstone in the global seafood market. The increasing awareness of the health benefits associated with salmon, including its role in reducing cardiovascular risk and improving cognitive function, has significantly contributed to its market growth. In addition to its nutritional value, salmon’s versatility in culinary applications—ranging from fresh, frozen, smoked, or canned—has made it a staple in many households worldwide.

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Drivers of Growth in the Global Salmon Market

The global salmon market is benefiting from several factors that are driving both demand and production. Among the key drivers are increasing health consciousness among consumers, rising disposable incomes, technological advancements in aquaculture, and expanding retail distribution channels.

• Health and Wellness Trends
  One of the primary drivers of growth in the global salmon market is the growing consumer awareness of health and wellness. As more individuals seek to improve their dietary habits, there has been a noticeable shift toward lean, nutrient-rich foods, and salmon fits well within this trend. Its high content of omega-3 fatty acids, which are linked to various health benefits, such as reduced inflammation and improved heart health, has made salmon a sought-after source of protein in diets worldwide.

  Additionally, the increasing awareness of the risks associated with red meat consumption, such as heart disease and cancer, has further bolstered the popularity of fish and seafood. This shift toward seafood, including salmon, is expected to continue, with consumers increasingly prioritizing protein sources that are both healthy and sustainable.

• Technological Advancements in Aquaculture
  Another key factor propelling the growth of the salmon market is the continuous advancement in aquaculture technologies. Innovations in breeding techniques, fish feed, and disease control have led to significant improvements in salmon farming efficiency and sustainability. These technological advancements have allowed farmers to meet the growing demand for salmon while minimizing environmental impact.

  Recirculating aquaculture systems (RAS) and offshore fish farms are among the breakthroughs that have helped address some of the challenges of traditional fish farming. These technologies enable more efficient use of water, reduce the spread of diseases, and provide a more controlled environment for salmon growth, leading to higher yields and better quality fish.

• Rising Disposable Income and Urbanization
  The rising disposable incomes in developing economies, particularly in Asia-Pacific and Latin America, are also contributing to the growth of the global salmon market. As people in these regions experience an increase in their purchasing power, they are more likely to incorporate premium foods like salmon into their diets. Furthermore, urbanization is also playing a role, as busy, modern lifestyles encourage the consumption of convenient, ready-to-eat, and nutritious meal options, including salmon-based products such as smoked salmon, sushi, and frozen fillets.

• Sustainability and Consumer Preferences
  Sustainability has become an increasingly important factor for consumers when making food choices. Salmon is often perceived as a more sustainable seafood option compared to other protein sources. With advancements in responsible farming practices, the salmon industry is placing greater emphasis on sustainability initiatives, such as reducing carbon footprints, optimizing feed ingredients, and ensuring traceability in the supply chain. Consumers are more inclined to choose sustainably sourced products, which has further driven the demand for responsibly farmed salmon.

• Increasing Popularity of Plant-Based Alternatives
  While salmon remains a popular protein source, the growing demand for plant-based alternatives has also contributed to the market’s expansion. While plant-based products, including plant-based “salmon,” are not a direct substitute, they offer an alternative for consumers seeking plant-based diets. However, the preference for whole fish products, including salmon, remains high, and the introduction of plant-based seafood has led to innovation and product diversification within the market.

Salmon Market Segmentation

The market can be divided based on type, species, end product, distribution channel, and region.

Breakup by Type

• Farmed
• Wild Captured

Breakup by Species

• Atlantic
• Pink
• Chum/Dog
• Coho
• Sockeye
• Others

Breakup by End Product

• Frozen
• Fresh
• Canned
• Others

Breakup by Distribution Channel

• Foodservice
• Retail
• Others

The wild captured variant are majorly found in the following regions:

• United States
• Russia
• Japan
• Canada
• Others

The major consuming regions of the product include the following:

• European Union
• Russia
• United States
• Brazil
• Japan
• China
• Others

Competitive Landscape

Some of the major players explored in the report by Expert Market Research are as follows:

• Cermaq Group AS
• Lerøy Seafood Group
• Mowi ASA
• SalMar ASA
• Others

Challenges in the Global Salmon Market

Despite the promising outlook, the global salmon market faces several challenges. One of the most pressing issues is the sustainability of salmon farming practices. While advancements in aquaculture have made significant strides in reducing environmental impact, concerns over the use of antibiotics, feed quality, and the ecological effects of fish farming remain prevalent. To address these issues, the industry must continue to innovate and implement more sustainable farming methods, such as integrated multi-trophic aquaculture (IMTA) and offshore fish farming.

Another challenge is the vulnerability of salmon to diseases, parasites, and environmental stressors, which can negatively impact production. Salmon farmers are increasingly investing in disease prevention and management strategies, including genetic selection and vaccines, to mitigate these risks.

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