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...

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 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.

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, 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.

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 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.

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 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.

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.

The global fresh salmon market is experiencing robust growth, driven by increasing consumer demand for healthy and nutritious protein sources. Rising disposable incomes, particularly in developing economies, coupled with a growing awareness of the health benefits associated with omega-3 fatty acids found in salmon, are key factors fueling market expansion. The market is characterized by a strong preference for sustainably sourced salmon, leading to increased investment in aquaculture practices that prioritize environmental responsibility and animal welfare. Furthermore, innovative product offerings, such as value-added salmon fillets, ready-to-cook meals, and smoked salmon, are expanding market reach and catering to diverse consumer preferences. Major players like Marine Harvest, Mowi ASA, and Leroy Seafood Group are strategically investing in research and development to improve farming techniques and enhance product quality, further driving market competitiveness. While the market faces potential challenges such as fluctuating raw material prices and potential supply chain disruptions, the overall outlook remains positive, driven by consistent consumer preference and continuous industry innovation. The forecast period of 2025-2033 promises significant growth, projected at a CAGR (let's assume a CAGR of 5% for this example, given the generally positive market trends in the seafood industry). This growth will be propelled by continued expansion in Asia-Pacific and Latin America, regions witnessing increasing consumption of seafood. However, regulatory hurdles related to sustainable aquaculture and potential concerns regarding antibiotic use in salmon farming may pose challenges. The industry's focus on traceability and transparency, along with the development of alternative protein sources, will influence the market landscape in the coming years. Strategic partnerships and mergers and acquisitions among key players will further consolidate market share and accelerate innovation. The premium segment of fresh, high-quality salmon is anticipated to maintain its dominance due to growing health consciousness and willingness to pay a higher price for superior quality.

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 frozen salmon fillet market is experiencing robust growth, driven by increasing consumer demand for convenient, healthy protein sources and the rising popularity of seafood in diverse culinary applications. The market size in 2025 is estimated at $5 billion, exhibiting a Compound Annual Growth Rate (CAGR) of 6% from 2025 to 2033. This growth is fueled by several key factors. The expanding global middle class, particularly in Asia-Pacific regions like China and India, is significantly increasing seafood consumption. Furthermore, the convenience offered by frozen fillets, allowing for extended shelf life and ease of preparation, is a major driver. The market is segmented by salmon type (Silver and Red Salmon) and sales channels (online and offline). Online sales are witnessing particularly rapid growth due to e-commerce penetration and home delivery services. While the industry faces restraints such as price fluctuations linked to global supply chains and potential concerns regarding sustainability and traceability, these challenges are being addressed by increased transparency initiatives within the industry and a growing focus on responsible sourcing practices. The geographical distribution of the market reveals significant opportunities across various regions. North America currently holds a dominant market share, owing to high per capita consumption and established distribution networks. However, Asia-Pacific is projected to demonstrate the fastest growth rate over the forecast period due to increasing disposable incomes and changing dietary habits. Europe, with its diverse culinary traditions and established seafood markets, also represents a substantial market segment. The growth trajectory of the market depends significantly on factors such as successful marketing campaigns promoting salmon's health benefits, the adoption of advanced freezing technologies to maintain product quality, and the effective management of supply chains to ensure both affordability and sustainability. The continued focus on product innovation, such as value-added products like marinated or seasoned fillets, is expected to further enhance market growth.

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.