Mowi ASA's market price of salmon fluctuated in the survey period. In 2010, it amounted to **** euros per kilogram. Salmon of the global seafood company reached a market price of **** euros per kilogram in 2022. Mowi ASA, formerly known as Marine Harvest ASA (until January 1, 2019), is a globally operating seafood company specialized on the production of Atlantic salmon.

Salmon fell to 65.09 NOK/KG on August 29, 2025, down 7.27% from the previous day. Over the past month, Salmon's price has fallen 9.18%, and is down 20.59% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. This dataset includes a chart with historical data for Salmon.

View monthly updates and historical trends for Norway Salmon Price. Source: International Monetary Fund. Track economic data with YCharts analytics.

The Salmon Market Report is Segmented by Geography (North America, Europe, Asia-Pacific, South America, Middle East, and Africa). The Report Includes Production Analysis (Volume), Consumption Analysis (Value and Volume), Export Analysis (Value and Volume), Import Analysis (Value and Volume), and Price Trend Analysis. The Market Forecasts are Provided in Terms of Value (USD) and Volume (Metric Tons).

Between the years of 2013 and 2023, salmon price index value, taken on the last month of every calendar year, was tumultuous. Characterized by increases and decreases in the salmon index, no clear trend was evident. The highest value of the salmon index during these years was **** U.S. dollars per kilogram, and the lowest value was **** U.S. dollars per kilogram in 2014.

The global salmon market size was valued at 3.7 Million Tons in 2024. Looking forward, IMARC Group estimates the market to reach 4.8 Million Tons by 2033, exhibiting a CAGR of 3.0% during 2025-2033. European Union currently dominates the market (based on consumption), holding a significant market share of over 46.3% in 2024. The rising seafood consumption worldwide, increasing consumer disposable incomes in emerging economies, favorable government policies, and escalating demand for value-added salmon products are some of the major factors propelling the salmon market share.

Salmon is the most farmed fish in Norway; the country is the world’s largest producer of Atlantic salmon. Its export value of salmon increased significantly in recent years, reaching more than 81  billion Norwegian kroner in 2021. The average export price of fresh whole salmon from Norway fluctuated in the past years. It was highest in the years from 2016 to 2021, peaking at ***** Norwegian kroner per kilogram as of 2018.

Export partners  The main export partner of Norway for salmon measured by export value was Poland. In 2021, Norwegian salmon with a value of almost ** billion Norwegian kroner was exported to Poland. Other important trade partners for Norway for salmon included France, Denmark and the United States.
   Leading fish exporting country  In general, Norway is one of the leading fish and seafood exporting countries in the world. The domestic coastline provides great conditions for the fish industry, which is very important for the country. The export value of fish and seafood from Norway increased annually in recent years, amounting to almost ** million Norwegian kroner in 2017. With roughly ** percent in 2018, salmon made up the largest share of total seafood exports, followed by codfish and mackerel. 

The global salmon market size reached a volume of about 4.50 Million Tons in 2024. The salmon market is further expected to increase at a CAGR of 3.80% between 2025 and 2034 to reach a volume of about 6.53 Million Tons by 2034.

According to Cognitive Market Research, the global Salmon market size is USD 33651.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 8.00% from 2024 to 2031.

North America held the major market of more than 40% of the global revenue with a market size of USD 13460.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.2% from 2024 to 2031.

Europe accounted for a share of over 30% of the global market size of USD 10095.36 million.

Asia Pacific held the market of around 23% of the global revenue with a market size of USD 7739.78 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.0% from 2024 to 2031.

Latin America market of more than 5% of the global revenue with a market size of USD 1682.56 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.4% from 2024 to 2031.

Middle East and Africa held the major market ofaround 2% of the global revenue with a market size of USD 673.02 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.7% from 2024 to 2031.

The retail stores held the highest Salmon market revenue share in 2024. Market Dynamics of Salmon Market

Key Drivers of Salmon Market

Increasing Demand for Protein-Rich Diets: Health-conscious individuals are progressively embracing protein-rich diets, with salmon emerging as a favored option due to its abundant protein, omega-3 fatty acids, and minimal saturated fat content.

Advancements in Aquaculture Farming: Innovations in aquaculture technology have enhanced the efficiency and scalability of salmon farming, ensuring a steady supply to meet the growing global demand in both retail and foodservice sectors.

Rising Popularity in Foodservice: The adaptability of salmon in various cuisines, including sushi, grilled preparations, and salads, is elevating its popularity in restaurants, hotels, and fast-service establishments, thereby increasing demand in both developed and emerging markets.

Restraint Factors Of Salmon Market

Environmental Concerns and Sustainability Challenges: Salmon farming frequently encounters criticism related to ocean pollution, antibiotic use, and its effects on wild fish populations, prompting stricter regulations and resistance from environmental organizations.

Price Fluctuations Due to Supply Chain Disruptions: Elements such as disease outbreaks, algal blooms, or climate change phenomena can interrupt production, resulting in supply shortages and price volatility, which impacts both producers and consumers.

High Operating and Production Expenses: Ensuring optimal conditions for farmed salmon necessitates substantial investment in infrastructure, feed, and disease management, leading to elevated operational costs that may impede smaller market participants.

Trend Factors Of Salmon Market

Transition to Sustainable and Organic Salmon: Consumers are showing a growing preference for eco-labeled, antibiotic-free, and sustainably farmed salmon, which is encouraging producers to implement certification programs and adopt environmentally friendly aquaculture methods.

Advancements in Value-Added Products: Convenience is becoming a significant purchasing factor, particularly among urban and working-class consumers, leading to an increase in the popularity of ready-to-eat, smoked, frozen, and marinated salmon products.

Geographic Expansion and Export Growth: Countries such as Norway, Chile, and Scotland are enhancing their salmon exports to Asia and the Middle East, motivated by the rising seafood consumption and evolving dietary habits in these areas.

Impact of Covid-19 on the Salmon Market

The Covid-19 pandemic significantly impacted the salmon market on multiple fronts. The closure of restaurants, hotels, and catering services, combined with disruptions in international trade and logistical challenges, led to a sharp decline in demand for salmon products, particularly high-end and luxury salmon varieties. Additionally, lockdown measures and social distancing protocols affected seafood processing facilities, leading to temporary closures and workforce shortages, further disrupting supply chains. As a result, salmon producers faced challenges in maintaining production levels and managing inventory, while consumers experienced limited access to fresh salmon products. However, increased demand for frozen and packaged salmon products in retail outl...

The North America salmon market size reached USD 7.2 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 11.5 Billion by 2033, exhibiting a growth rate (CAGR) of 4.7% during 2025-2033. The increasing preference for easily consumable food products, the growing environmental concerns coupled with the rising interest in sustainable and responsible sourcing of seafood, and the efficient supply chain and logistics infrastructure are among the key factors driving the market growth.

IMARC Group provides an analysis of the key trends in each segment of the North America salmon market report, along with forecasts at the regional and country levels from 2025-2033. Our report has categorized the market based on type, species, end-product type and distribution channel.

In 2021, the Canadian market for frozen atlantic salmon and danube salmon decreased by -X% to $X for the first time since 2017, thus ending a three-year rising trend. Over the period under review, consumption, however, recorded a resilient increase. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market failed to regain momentum.

This statistic shows the estimated value of the salmon and crustaceans market worldwide in 2017 and 2027. The global salmon market is forecasted to reach a value of about *********** dollars by 2027.

The statistic shows the annual sales value of salmon worldwide from 2009 to 2023. In 2023, the global sales value of salmon amounted to around **** billion euros, up from *** billion U.S. dollars in 2009.

After two years of growth, the EU smoked salmon market decreased by -1.5% to $3.8B in 2024. The market value increased at an average annual rate of +1.9% over the period from 2012 to 2024; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $3.8B in 2023, and then shrank in the following year.

The global market for frozen atlantic salmon and danube salmon was finally on the rise to reach $X in 2021, after two years of decline. The market value increased at an average annual rate of +X% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the global market remained at a somewhat lower figure.

In 2024, the U.S. smoked salmon market decreased by -1.5% to $4.8B, falling for the second year in a row after four years of growth. The market value increased at an average annual rate of +1.0% from 2012 to 2024; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. Smoked salmon consumption peaked at $5.5B in 2015; however, from 2016 to 2024, consumption stood at a somewhat lower figure.

The global salmon fish market is a dynamic and expanding sector, projected to experience substantial growth over the forecast period (2025-2033). While precise figures for market size and CAGR are absent from the provided data, a reasonable estimation, considering the presence of major players like JCS Fish, Northern Fish Products Co., and Pacific Seafood, suggests a 2025 market size in the range of $5-7 billion USD. This estimate accounts for the significant investments and established market presence of these companies, implying a considerable existing market volume. The market's growth is driven by several key factors, including rising consumer demand for nutritious and sustainable seafood, increasing health consciousness emphasizing omega-3 fatty acids, and the growing popularity of salmon in diverse culinary applications worldwide. Furthermore, advancements in aquaculture techniques, enabling increased production and improved fish quality, contribute significantly to the market expansion. However, challenges remain, such as fluctuating salmon prices due to environmental factors and the potential for disease outbreaks affecting farmed salmon production. Geographic distribution likely shows strong regional variations, with North America and Europe being major consumers and production hubs, followed by regions like Asia-Pacific exhibiting strong growth potential. The forecast period will likely witness continuous market consolidation, with larger companies acquiring smaller ones to gain market share and optimize production capabilities. Innovative product offerings, such as value-added salmon products (e.g., smoked salmon, pre-packaged meals) will fuel market expansion. The increasing focus on sustainable and responsibly sourced salmon will drive market segmentation, with consumers increasingly prioritizing products with eco-friendly certifications. These certifications are expected to become increasingly important in the coming years, differentiating premium products and attracting environmentally conscious consumers. Regulatory frameworks concerning sustainable fishing practices and aquaculture operations will continue to play a significant role in shaping market dynamics and ensuring the long-term sustainability of the salmon industry. Companies will need to adapt to these evolving regulations and consumer preferences to remain competitive.

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Hot Smoking Salmon Market Size 2025-2029

The hot smoking salmon market size is forecast to increase by USD 1.36 billion, at a CAGR of 5.1% between 2024 and 2029.

The market is witnessing significant growth due to the increasing consumer preference for ready-to-eat (RTE) foods and minimally processed items. This trend is driven by the desire for convenience and the growing demand for clean-label products. However, the high price point of hot smoking salmon poses a significant challenge for market growth. Consumers seek affordable alternatives, and companies must find ways to reduce production costs without compromising quality. To capitalize on market opportunities, businesses must focus on innovation and product differentiation. Developing value-added products, such as flavored or smoked salmon varieties, can help attract price-sensitive consumers. Additionally, exploring sustainable production methods and supply chain optimization can help mitigate the cost challenge.
In summary, the market is experiencing robust growth due to consumer preferences for RTE and clean-label products. However, the high price point remains a significant challenge, necessitating innovation, value-addition, and cost reduction strategies. Companies that effectively address these challenges can capitalize on the market's potential and maintain a competitive edge.

What will be the Size of the Hot Smoking Salmon Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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The market continues to evolve, driven by consumer preferences for flavorful, preservative-free smoked salmon. Omega-3 fatty acids, a key health benefit, fuel demand across various sectors. The supply chain adapts to meet consumer demands, with innovative smoking techniques such as cold smoking and organic production gaining traction. Chum salmon, once considered a by-product, is now embraced for its unique flavor profile. Salmon canapés and smoked salmon pate are popular value-added products, while salmon fillets and steaks remain staples. Fish processing advances with the integration of technology, including temperature control systems and refrigeration. Traceability systems ensure transparency and food safety, addressing consumer concerns.

Sustainability certifications and farming practices influence pricing strategies. Dietary trends favor wild-caught salmon, yet farmed salmon's affordability and consistent supply make it a viable option. Smoking techniques vary, from traditional methods using wood chips to modern smoking ovens. Salmon sushi and salmon burgers expand the market's reach. Product development focuses on catering to diverse consumer preferences, such as low-sodium and gluten-free options. The seafood market's dynamics continue to unfold, with ongoing innovation and adaptation shaping the future of hot smoking salmon.

How is this Hot Smoking Salmon Industry segmented?

The hot smoking salmon industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.Distribution ChannelOfflineOnlineEnd-userFood servicesRetailPackagingVacuum packagingCanned packagingTypeHot Smoked Salmon FilletsHot Smoked Salmon PortionsHot Smoked Salmon SidesHot Smoked Salmon FlakesSpeciesAtlantic SalmonPacific Salmon (Coho, Sockeye, Chinook)Rainbow Trout (often smoked like salmon)Flavor/SeasoningNatural/TraditionalPepperedTeriyakiMapleHerbedGeographyNorth AmericaUSCanadaEuropeFranceGermanyItalyUKMiddle East and AfricaEgyptKSAOmanUAEAPACChinaIndiaJapanSouth AmericaArgentinaBrazilRest of World (ROW)

By Distribution Channel Insights

The offline segment is estimated to witness significant growth during the forecast period.

In the market, retail sales dominate the distribution landscape, with products sold through various retail formats including hypermarkets, supermarkets, convenience stores, clubhouse stores, and department stores. However, the shift to online shopping has led to a decline in revenue generation in the offline distribution channel. To counteract this trend, companies are expanding their presence in local and regional markets and implementing better pricing strategies and more comprehensive assortments. Atlantic salmon remains a popular choice due to its health benefits and desirable flavor profiles, with consumer preferences leaning towards wild-caught and sustainably certified options. Smoking ovens are used to preserve salmon through hot smoking techniques, enhancing its flavor and extending its shelf life.

Other salmon varieties, such as pink, coho, king, sockeye, and chum, are also gaining traction in the market. Product development focuses on value-added items like smoked salmon pate, salmon burgers, and salmo

The global salmon market, valued at $21.61 billion in 2025, is projected to experience robust growth, exhibiting a Compound Annual Growth Rate (CAGR) of 4.5% from 2025 to 2033. This expansion is driven by several key factors. Increasing consumer demand for healthy and nutritious protein sources fuels the market's growth, with salmon recognized for its high omega-3 fatty acid content and overall health benefits. Growing consumer awareness of sustainable seafood options and the increasing availability of responsibly sourced salmon further boost market demand. The rise of online retail channels provides increased accessibility and convenience for consumers, complementing the established offline distribution network. Furthermore, innovative product development, such as value-added salmon products (e.g., smoked salmon, ready-to-eat meals) and diversification into new markets, contribute to the market's positive trajectory. Geographic expansion into emerging markets, particularly in Asia-Pacific, offers significant growth potential. However, the market faces certain challenges. Fluctuations in salmon prices due to factors like supply chain disruptions and disease outbreaks can impact market stability. Environmental concerns regarding aquaculture practices and the sustainability of wild-caught salmon also pose restraints. Furthermore, competition among major players, including Alsaker Fjordbruk AS, Mowi ASA, and others, necessitates strategic innovation and efficient operations to maintain market share. Addressing these challenges through sustainable aquaculture practices, robust supply chain management, and targeted marketing strategies will be crucial for sustained growth in the salmon market. Regional variations in consumption patterns and market penetration also require tailored approaches, with North America and Europe currently leading the market, followed by the Asia-Pacific region showing strong growth potential.

Real-time price data collected by the Boston Market News Reporter. The NOAA Fisheries' "Fishery Market News" began operations in New York City on February 14, 1938. The primary function of this joint Federal/industry program is to provide accurate and unbiased reports depicting current conditions affecting the trade in fish and fishery products. The Boston and New York Market News Reports are...