Salmon rose to 76.24 NOK/KG on November 21, 2025, up 5.54% from the previous day. Over the past month, Salmon's price has risen 1.84%, but it is still 8.51% lower than a year ago, 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.

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.

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 was volumed at 4.50 Million Tons in 2024. The market is expected to grow at a CAGR of 3.80% during the forecast period of 2025-2034 to reach a volume of 6.53 Million Tons by 2034. This growth is supported by investments in sustainable technologies like recirculating aquaculture systems (RAS) and eco-friendly feed alternatives. Strategic government initiatives, such as Australia’s goal for aquaculture to account for 64% of seafood production by 2028–29, further drive the market.

Global industry is being driven by rising health consciousness, innovations in aquaculture, and evolving consumer preferences. Since 2013, salmon consumption has grown steadily, with the United States seeing a 7% annual increase and the EU 3%, reflecting strong demand in developed markets. This salmon market trend is supported by the growth of value-added products, online retail, and foodservice channels.

Sustainability initiatives, technological advancements in farming, and supportive government policies are further fueling market growth. Investments in recirculating aquaculture systems (RAS), eco-friendly feeds, and responsible sourcing are helping meet consumer expectations for traceability, shaping the salmon market dynamics. By 2050, global seafood production is expected to reach 160 million metric tons, with seafood accounting for over 30% of protein consumption, particularly in Southeast Asia. As emerging markets like China expand, and established regions maintain growth, salmon’s role in global food security and sustainable protein supply is expected to strengthen in the coming years.

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...

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.

In 2024, after two years of growth, there was decline in the EU smoked salmon market, when its value decreased by -1.5% to $3.8B. The market value increased at an average annual rate of +1.9% from 2012 to 2024; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The level of consumption peaked at $3.8B in 2023, and then shrank modestly in the following year.

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.

The global salmon market is experiencing robust growth, driven by increasing consumer demand for healthy and sustainable protein sources. The market size in 2025 is estimated at $50 billion, exhibiting a Compound Annual Growth Rate (CAGR) of 6% from 2025 to 2033. This growth is fueled by several key factors, including rising disposable incomes in emerging economies, increasing awareness of the health benefits of omega-3 fatty acids found in salmon, and the growing popularity of salmon in various culinary applications. The rising preference for convenient and ready-to-eat meals further boosts the demand for processed salmon products like frozen and canned varieties. The Food Service sector is a major driver, with restaurants and catering businesses incorporating salmon into their menus globally. However, fluctuations in salmon prices due to supply chain disruptions and environmental factors pose a challenge. Furthermore, the increasing focus on sustainable aquaculture practices and traceability is reshaping the market landscape, pushing companies to adopt more environmentally friendly farming methods to meet growing consumer expectations. The market is segmented by product type (frozen, fresh, canned, others), application (food industrial, food service, retail, other), and geography, with North America and Europe currently holding significant market shares. Competitive dynamics are shaped by both large established players and smaller regional producers, all vying for market share in this lucrative and expanding market. The future will see a continued emphasis on innovation, sustainable practices, and the development of value-added salmon products to cater to the evolving consumer preferences. The projected market size in 2033, considering the 6% CAGR, is estimated to be approximately $84 billion. This substantial growth will be driven by continued market penetration in developing nations, expansion of product offerings (e.g., smoked salmon, salmon pâté), and strategic alliances within the supply chain to improve efficiency and sustainability. The industry's response to consumer demand for traceable, sustainably sourced salmon will be crucial in maintaining this growth trajectory. The segments exhibiting the strongest growth are likely to be value-added processed products and the retail sector, reflecting changing consumer habits and convenience preferences. Strategic investments in research and development, coupled with marketing campaigns highlighting the health and nutritional benefits of salmon, will further stimulate market expansion. However, challenges like disease outbreaks in aquaculture and the impact of climate change on wild salmon populations need careful management to ensure long-term market stability.

Singapore Retail Prices: Salmon (Per Kilogram) data was reported at 34.460 SGD/kg in Dec 2024. This records an increase from the previous number of 33.700 SGD/kg for Nov 2024. Singapore Retail Prices: Salmon (Per Kilogram) data is updated monthly, averaging 29.685 SGD/kg from Jan 2010 (Median) to Dec 2024, with 180 observations. The data reached an all-time high of 39.820 SGD/kg in Mar 2023 and a record low of 23.420 SGD/kg in Jan 2010. Singapore Retail Prices: Salmon (Per Kilogram) data remains active status in CEIC and is reported by Singapore Department of Statistics. The data is categorized under Global Database’s Singapore – Table SG.P002: Average Retail Prices: 2019=100.

Discover the booming global salmon fish market! Explore key trends, drivers, and challenges shaping this multi-billion dollar industry, including growth projections to 2033, leading companies, and regional market analysis. Learn about sustainable practices and consumer demand impacting this dynamic sector.

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.

This statistic shows the average retail price for canned salmon in Canada from ************ to **********. In 2024, the average retail price for canned salmon in Canada stayed fairly constant, fluctuating between a low of **** Canadian dollars and a high of **** Canadian dollars per *** grams.

The global market for traditional sea-based farmed salmon is experiencing robust growth, driven by increasing consumer demand for healthy protein sources and the rising popularity of salmon in diverse culinary applications. The food service sector, including restaurants and hotels, remains a significant driver, fueled by the versatility of salmon and its appeal to discerning diners. The retail sector also contributes substantially, with increasing availability in supermarkets and online grocery platforms. While whole salmon continues to dominate, the fillet and smoked segments are experiencing rapid growth, reflecting evolving consumer preferences and the convenience offered by pre-processed options. This growth is further bolstered by technological advancements in aquaculture, leading to increased production efficiency and improved product quality. Geographic distribution shows strong demand in North America and Europe, with significant growth potential in Asia-Pacific, particularly in China and Japan, as consumer incomes rise and awareness of salmon's health benefits increases. However, challenges persist, including fluctuating salmon prices influenced by factors like feed costs and environmental concerns surrounding sustainable aquaculture practices. Regulation and certification schemes focusing on environmental responsibility are gaining traction, impacting market dynamics and influencing consumer choices. Competition among established players like Mowi, Lerøy Seafood, and Cooke Aquaculture is intense, spurring innovation in farming techniques and product diversification. The forecast period (2025-2033) anticipates sustained growth, with a projected Compound Annual Growth Rate (CAGR) contributing to an expanding market size. The market segmentation highlights a clear opportunity for companies to tailor their offerings to specific consumer needs. The whole salmon segment remains the foundation, but investment in processing and value-added products like fillets and smoked salmon is crucial for capitalizing on growing consumer demand for convenience. Regional strategies should focus on leveraging local market preferences, distribution channels, and regulatory frameworks. Sustainability concerns will continue to be central, demanding investment in environmentally friendly aquaculture practices and transparent sourcing strategies. Successful players will be those who effectively manage their supply chains, adapt to shifting consumer trends, and navigate the evolving regulatory landscape. A strong emphasis on traceability and quality control will become increasingly important in building consumer trust and maintaining a competitive edge in this dynamic market.

Discover the booming fresh salmon market! Our comprehensive analysis reveals key trends, growth drivers, and leading companies shaping this multi-billion dollar industry. Learn about market size, CAGR, regional insights, and future projections for the 2025-2033 period.

The global Canned Salmon industry is estimated to be worth USD 5,650.0 million by 2025. It is anticipated to reach USD 9,742.9 million by 2035, reflecting a CAGR of 5.6% over the assessment period 2025 to 2035.

Semi-Annual Market Update

Country-wise Insights

Category-Wise Insights