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.

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.

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).

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.

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.

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

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 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.

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 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.

Attributes	Description
Estimated Global Canned Salmon Industry Size (2025E)	USD 5,650.0 million
Projected Global Canned Salmon Industry Value (2035F)	USD 9,742.9 million
Value-based CAGR (2025 to 2035)	5.6%

Semi-Annual Market Update

Particular	Value CAGR
H1	4.2% (2024 to 2034)
H2	5.4% (2024 to 2034)
H1	4.8% (2025 to 2035)
H2	5.9% (2025 to 2035)

Country-wise Insights

Countries	CAGR 2025 to 2035
The USA	5.4%
Brazil	6.5%
India	7.4%
Japan	5.1%
China	6.2%

Category-Wise Insights

Segment	Value Share (2025)
Farmed Salmon (By Source)	33.2%

Segment	Value Share (2025)
Pacific Species (By Species)	82.4

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.

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.

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 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.

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.

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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

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...

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 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.