Salmon rose to 76.87 NOK/KG on July 4, 2025, up 5.40% from the previous day. Over the past month, Salmon's price has risen 0.09%, but it is still 11.03% 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.

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 9.10 U.S. dollars per kilogram, and the lowest value was 5.84 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 60.74 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 11 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 95 million Norwegian kroner in 2017. With roughly 68 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.

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.

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

Growing Demand for Healthy Protein Sources to Increase the Demand Globally

The increasing awareness of the health benefits associated with consuming seafood, particularly salmon, is a key driver in the salmon market. Salmon is rich in omega-3 fatty acids, vitamins, and minerals, making it a highly sought-after source of healthy protein. As consumers become more health-conscious and seek nutritious dietary options, the demand for salmon continues to rise. Moreover, salmon is widely regarded as a sustainable protein source, further driving its popularity among environmentally-conscious consumers. This growing demand for healthy protein sources is expected to fuel the expansion of the salmon market globally.

Expanding Aquaculture Industry to Propel Market Growth

The aquaculture industry plays a pivotal role in meeting the growing demand for salmon worldwide. With wild salmon populations facing challenges such as overfishing and habitat degradation, aquaculture has emerged as a sustainable solution to meet the increasing demand for salmon products. Technological advancements in aquaculture practices, including improved breeding techniques, feed formulations, and disease management, have led to significant growth in salmon production. Additionally, investments in infrastructure and research have boosted the efficiency and productivity of salmon farming operations. The expanding aquaculture industry is thus a key driver propelling the growth of the salmon market by ensuring a steady supply of high-quality salmon products to meet consumer demand.

Restraint Factors Of Salmon Market

Environmental Concerns and Sustainability Challenges to Limit the Sales

One of the significant challenges facing the salmon market is environmental sustainability. Salmon farming, particularly in densely populated areas, can lead to various environmental issues such as pollution, habitat degradation, and the spread of diseases and parasites to wild salmon populations. Additionally, the use of antibiotics and other chemicals in salmon farming operations raises concerns about water contamination and antibiotic resistance. These environmental concerns have led to increased scrutiny from regulatory bodies and environmental organizations, resulting in stricter regulations and sustainability standards for salmon farming practices. Addressing these sustainability challenges requires investments in research and development of sustainable aquaculture practices, as well as collaboration among stakeholders to minimize the environmental impact of salmon farming while ensuring a sustainable supply of salmon products.

Trend Factors Of Salmon Market

Increasing Demand for Sustainable and Aquaculture-Based Salmon 

The salmon market is being transformed by an increasing worldwide emphasis on health, sustainability, and food security. The demand for sustainably farmed salmon has skyrocketed as consumers increasingly seek seafood that is responsibly sourced. Aquaculture businesses are reacting by getting certifications like BAP (Best Aquaculture Practices) and ASC (Aquaculture Stewardship Council), investing in offshore and land-based recirculating aquaculture ...

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.

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.

Global Salmon market size is expected to reach $39.61 billion by 2029 at 6.7%, segmented as by chinook salmon, fresh chinook salmon, frozen chinook salmon, canned chinook salmon, smoked chinook salmon

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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, an

This statistic displays the average price of various salmon products in France, according to a panel survey from 2018. It shows that smoked frozen salmon was the most expensive salmon product in 2018, with an average price of 47.3 euros.

The global fresh salmon market is experiencing robust growth, driven by increasing consumer demand for healthy and nutritious protein sources. The market, valued at approximately $15 billion in 2025, is projected to exhibit a Compound Annual Growth Rate (CAGR) of 5% from 2025 to 2033, reaching an estimated market value of $23 billion by 2033. This expansion is fueled by several key factors. Rising disposable incomes, particularly in developing economies, are increasing the affordability of premium seafood like salmon. Simultaneously, growing awareness of the health benefits associated with omega-3 fatty acids found in salmon is driving consumption, particularly amongst health-conscious consumers. The increasing popularity of salmon in diverse culinary applications, from traditional dishes to innovative fusion cuisine, further contributes to market growth. The market is segmented by type (fresh salmon fillet, fresh whole salmon, and other) and application (restaurants, food processing plants, supermarkets, and other), with fresh salmon fillets holding a significant market share due to their convenience and suitability for diverse culinary uses. Major players like Marine Harvest, Mowi ASA, and Leroy Seafood Group are strategically investing in sustainable aquaculture practices and expanding their distribution networks to meet the rising global demand. However, several factors are anticipated to restrain market growth to some extent. Fluctuations in salmon prices due to factors like climate change, disease outbreaks, and feed costs pose a challenge to market stability. Furthermore, increasing concerns regarding the environmental impact of salmon farming and the potential for overfishing are prompting regulatory scrutiny and influencing consumer choices. Nevertheless, the overall positive outlook for the fresh salmon market is driven by the continuously growing preference for this premium seafood, particularly in developed markets with established seafood consumption cultures, and the expanding middle class in developing countries increasingly embracing healthier diets. The competitive landscape is characterized by a mix of large multinational corporations and smaller regional players, with continuous innovation in aquaculture techniques and product diversification expected to shape future market dynamics.

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% over the period from 2012 to 2024; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. Smoked salmon consumption peaked at $5.5B in 2015; however, from 2016 to 2024, consumption failed to regain momentum.

The global frozen salmon fillet market is experiencing robust growth, driven by increasing consumer demand for convenient, healthy, and high-quality protein sources. The market's expansion is fueled by several key factors. Firstly, the rising popularity of seafood as a dietary staple, particularly among health-conscious consumers, is significantly boosting demand. Secondly, advancements in freezing technologies are ensuring superior product quality and extended shelf life, contributing to wider distribution and increased accessibility. Thirdly, the growth of the food service industry, including restaurants and food retailers, further fuels market expansion as frozen salmon fillets offer cost-effective and efficient solutions for meal preparation. While logistical challenges and price fluctuations related to raw material sourcing represent potential restraints, the overall market outlook remains positive. We project a steady CAGR of 5% for the next decade, with significant regional variations driven by consumer preferences and economic conditions. The competitive landscape is characterized by a mix of large multinational corporations and smaller regional players. Companies such as North Pacific Seafoods, WILD ALASKA SALMON & SEAFOOD, and Alaska Seafood Company are major players leveraging established supply chains and branding. However, smaller, niche companies focusing on sustainable sourcing and unique product offerings are also gaining market share. Future market success will depend on companies' ability to innovate in areas such as packaging, product diversification (e.g., value-added products like marinated fillets), and sustainable sourcing practices to meet the evolving demands of increasingly discerning consumers. The market is segmented by distribution channels (retail, food service), product type (skin-on, skinless, portions), and geographic region. North America and Europe currently dominate the market, but Asia-Pacific is emerging as a key growth region due to rising disposable incomes and changing dietary habits.

In 2021, the Venezuelan market for frozen atlantic salmon and danube salmon increased by X% to $X, rising for the seventh year in a row after two years of decline. Overall, consumption, however, continues to indicate a pronounced decline. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

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...