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).

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.

Report Attribute	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
Market Size in 2024	USD 7.2 Billion
Market Forecast in 2033	USD 11.5 Billion
Market Growth Rate 2025-2033	4.7%

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.

The Canned Salmon Market Report is Segmented by Product Form (Skin-On and Bone-In, Skinless and Boneless, Minced/Flaked, Chunks, Fillets), Source (Wild Caught, Farm Raised), Species (Pink, Sockeye, Coho, Chinook, Atlantic, Others), Distribution Channel (Retail, Foodservice/HoReCa), and Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa). The Market Forecasts are Provided in Terms of Value (USD).

This statistic shows the forecasted market volume of salmon worldwide from 2018 to 2023. The global salmon market is forecasted to reach the size of about four million tons by 2023.

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.

Discover Market Research Intellect's Net Pen Systems Farmed Salmon Market Report, worth USD 2.5 billion in 2024 and projected to hit USD 4.1 billion by 2033, registering a CAGR of 6.2% between 2026 and 2033.Gain in-depth knowledge of emerging trends, growth drivers, and leading companies.

Global Land Based Salmon Market DynamicsThe aquaculture industry is undergoing a significant transformation, with land-based salmon farming emerging as a sustainable and increasingly dominant force. Several key drivers are propelling this shift, catering to evolving consumer demands, environmental consciousness, and technological advancements. This article delves into the main factors fueling the growth of the land-based salmon market.Sustainability & Environmental Concerns: A Greener Future for Salmon: The escalating global awareness of environmental protection is a primary catalyst for the land-based salmon market. Traditional open-water salmon farming often faces scrutiny due to ecological disruptions, including the potential for escapees to interact with wild populations, the spread of sea lice, and localized water pollution. Land-based systems, such as Recirculating Aquaculture Systems (RAS), offer a closed and controlled environment, drastically reducing these concerns. This inherent environmental friendliness aligns perfectly with growing regulatory pressure and increasing consumer demand for green and sustainable seafood options. Consumers are actively seeking products that minimize their ecological footprint, making land-based salmon an attractive and responsible choice.Food Safety, Quality, and Traceability: Land-based salmon farming provides a controlled and isolated environment, allowing for superior food safety and quality. Unlike open-water farms that are susceptible to external pathogens, parasites, and environmental pollutants, land-based systems use advanced water filtration and biofiltration to maintain pristine water conditions. This controlled setting significantly reduces the need for antibiotics and other chemical treatments, resulting in a cleaner, safer, and more reliable product. Furthermore, the inherent nature of land-based farming enables complete traceability from egg to plate. This transparency reassures consumers who are increasingly concerned about where their food comes from and how it's produced. The ability to monitor every stage of the fish's life cycle ensures that the salmon meets the highest standards of quality, freshness, and purity, appealing to the modern, discerning consumer.Technological Advancements: The rapid evolution of technology is a major driving force behind the land-based salmon market's growth. The development of sophisticated Recirculating Aquaculture Systems (RAS) has made large-scale, cost-effective production possible. These systems efficiently filter and reuse up to 99% of the water, minimizing waste and ensuring optimal conditions for fish growth. Advanced monitoring technologies, including sensors, automation, and AI, are now integrated into these systems to provide real-time data on water quality, feeding patterns, and fish health. This data-driven approach allows operators to optimize growth, detect potential issues early, and reduce operational costs over time, making land-based farming a more viable and efficient alternative to traditional methods. These innovations are continuously improving the economic and environmental performance of the industry.Rising Consumer Demand for Healthy & Premium Seafood: Global consumer trends are shifting towards healthier diets, and salmon, with its high content of omega-3 fatty acids and protein, is a key beneficiary. This increased demand for nutritious food is directly fueling the market for salmon. Land-based farming caters specifically to the premiumization trend in the seafood market. Consumers are willing to pay more for products they perceive as higher quality, more sustainable, and responsibly farmed. Land-based salmon can be marketed as antibiotic-free, free of sea lice, and fresh, all of which are highly valued attributes. This focus on premium quality and health benefits positions land-based salmon as a desirable product that meets the expectations of health-conscious and affluent consumersSupply Chain Resilience & Local Production: The global food supply chain has proven to be vulnerable to disruptions from geopolitical events, pandemics, and climate change. Land-based salmon farms address these vulnerabilities by enabling local production close to major population centers. This localized model dramatically shortens the supply chain, reducing transportation time and costs, and ensuring a fresher product for consumers. Additionally, it insulates producers from the volatility of international shipping and import-export regulations. Furthermore, land-based facilities are not susceptible to the same environmental risks as marine farms, such as storms, red tides, or rising sea temperatures, which can severely impact production. This resilience provides a stable and consistent supply of salmon, which is an attractive proposition for both retailers and consumers.

In 2025, the global frozen smoked salmon market is projected to reach approximately USD 2,742.6 million, with expectations to grow to around USD 5005.0 million by 2035, reflecting a Compound Annual Growth Rate (CAGR) of 6.2% during the forecast period.

Metric	Value
Market Size in 2025	USD 2,742.6 Million
Projected Market Size in 2035	USD 5005.0 Million
CAGR (2025 to 2035)	6.2%

Country-wise Outlook

Country	CAGR (2025 to 2035)
USA	6.5%

Country	CAGR (2025 to 2035)
UK	6.0%

Region	CAGR (2025 to 2035)
EU	5.9%

Country	CAGR (2025 to 2035)
Japan	6.2%

Country	CAGR (2025 to 2035)
South Korea	6.1%

Competitive Outlook

Company/Organization Name	Estimated Market Share (%)
Mowi ASA	18-22%
Lerøy Seafood Group	14-18%
Thai Union Group (John West, King Oscar)	12-16%
SalMar ASA	10-14%
High Liner Foods Inc.	8-12%
Others	26-32%

The Farmed Salmon report provides a detailed analysis of emerging investment pockets, highlighting current and future market trends. It offers strategic insights into capital flows and market shifts, guiding investors toward growth opportunities in key industry segments and regions.

Explore insights from Market Research Intellect's Traditional Sea-based Farmed Salmon Market Report, valued at USD 10.5 billion in 2024, expected to reach USD 15.2 billion by 2033 with a CAGR of 4.8% during 2026-2033.Uncover opportunities across demand patterns, technological innovations, and market leaders.

Global salmon fish market was valued at USD 18.46 Billion in 2023 and is expected to reach USD 28.97 Billion by 2029 with a CAGR of 7.8% during the forecast period.

Pages	182
Market Size	2023: USD 18.46 Billion
Forecast Market Size	2029: USD 28.97 Billion
CAGR	2024-2029: 7.8%
Fastest Growing Segment	Frozen
Largest Market	Europe
Key Players	1 Lerøy Seafood Group ASA 2 SalMar ASA 3 Cermaq Group AS 4 Mowi ASA 5 P/F Bakkafrost Holding 6 SEA DELIGHT LLC 7 Nordlaks AS 8 Atlantic Sapphire ASA 9 Ideal Foods Ltd 10 BluGlacier, LLC

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

Global salmon fish market size & share projected to reach USD 35.50 billion by 2032, to grow at a CAGR of 8.3% during the forecast period.

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Salmon Market Size 2024-2028

The salmon market size is forecast to increase by USD 5.32 billion, at a CAGR of 4.5% between 2023 and 2028.

The market is experiencing significant growth, driven by the increasing health consciousness of consumers and the robust demand for omega-3 fatty acids. Salmon, rich in these essential nutrients, is a popular choice for individuals seeking to improve their overall health and wellbeing. Another trend shaping the market is the rise of veganism, which presents both opportunities and challenges. While some consumers are turning away from animal products, others are seeking alternatives to farmed salmon, creating a demand for plant-based options or sustainably sourced wild-caught salmon. Companies in the market must navigate these contrasting trends, focusing on innovation and sustainability to meet evolving consumer preferences and expectations.
The challenges include ensuring ethical and sustainable sourcing practices, addressing consumer concerns over contaminants, and catering to the growing demand for plant-based alternatives. By staying attuned to these market dynamics and adapting to consumer needs, the market participants can capitalize on opportunities and overcome challenges, positioning themselves for long-term success.

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

Explore in-depth regional segment analysis with market size data - historical 2018-2022 and forecasts 2024-2028 - in the full report.
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The market continues to evolve, with dynamic market dynamics shaping various sectors. Filleting optimization and processing technologies are crucial in ensuring efficient production and high-quality output. Salmon lice treatment and parasite control methods are essential for maintaining fish health and preventing disease outbreaks. Fish feed formulation and fish health management are integral components of aquaculture sustainability. Moreover, disease prevention strategies and market supply chain management are vital for mitigating risks and ensuring a consistent supply of salmon. Salmon farming techniques, including selective breeding programs, are continually advancing to improve growth rate, product yield, and fillet quality.

Integrated multi-trophic aquaculture and recirculating aquaculture systems are gaining popularity due to their potential to reduce environmental impact and improve sustainability practices. Closed containment aquaculture and net pen aquaculture each present unique advantages and challenges, necessitating ongoing research and innovation. Fish behavior monitoring and traceability systems are increasingly important for ensuring food safety regulations and consumer preferences. Ongoing efforts to reduce antibiotic usage and implement disease resistance genetics are crucial for long-term sustainability. Water quality parameters, oxygen levels monitoring, and predator avoidance strategies are essential for maintaining optimal conditions and minimizing losses. Mortality rate analysis and wastewater treatment are crucial for minimizing environmental impact and ensuring responsible farming practices. In this ever-evolving market, continuous innovation and adaptation are key to success. From filleting optimization to fish health management, the market remains a dynamic and exciting space for growth and development.

How is this Salmon Industry segmented?

The salmon industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Distribution Channel

  Offline
  Online


Type

  Farmed Salmon
  Wild Salmon


End-Product Type

  Fresh and Chilled
  Frozen
  Smoked
  Canned


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    UK


  Middle East and Africa

    Egypt
    KSA
    Oman
    UAE


  APAC

    China
    India
    Japan


  South America

    Argentina
    Brazil


  Rest of World (ROW)

By Distribution Channel Insights

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

In the dynamic the market, various entities play pivotal roles in shaping its trends and activities. Closed containment aquaculture ensures sustainability by reducing environmental impact, while probiotic applications enhance fish health and improve feed efficiency. Consumer preferences analysis is crucial in optimizing growth rates and product yield, driving the demand for selective breeding programs and disease prevention strategies. Processing technologies, such as filleting optimization and packaging innovations, extend shelf life and maintain food safety. Aquaculture farming employs parasite control methods, including salmon lice treatment, and integrates multi-trophic systems for waste man

Europe Salmon market size was USD 10095.36 million in 2024 and will expand at a compound annual growth rate (CAGR) of 6.5% from 2024 to 2031.

North America Salmon market size was USD 13460.48 million in 2024 and will expand at a compound annual growth rate (CAGR) of 6.2% from 2024 to 2031.

Learn more about the Frozen Salmon Market Report by Market Research Intellect, which stood at USD 12.5 billion in 2024 and is forecast to expand to USD 18.7 billion by 2033, growing at a CAGR of 5.8%.Discover how new strategies, rising investments, and top players are shaping the future.

In 2024, Market Research Intellect valued the Smoked Salmon Market Report at USD 3.5 billion, with expectations to reach USD 5.7 billion by 2033 at a CAGR of 6.5%.Understand drivers of market demand, strategic innovations, and the role of top competitors.

The Salmon Fish Market size was valued at USD 15.96 billion in 2023 and is projected to reach USD 28.25 billion by 2032, exhibiting a CAGR of 8.5 % during the forecasts period. Salmon is a highly valued fish, this fish tastes unique and has several important nutritional advantages, it is found in the north Atlantic and the Pacific Ocean. Salmon continues to appeal to consumers looking for nutritious and delicious foods because of its high protein content and essential omega-3 fatty acids that meet current health and wellness trends. Available in a variety of forms including fresh, frozen and canned salmon to suit different culinary preferences and dietary needs. Smoked salmon is also becoming popular due to availability of various ingredient or stand-alone delicacy. In the future, demand for convenient and ready-to-eat salmon products that caters working population is expected to create noteworthy opportunities for the market.