Market Overview:
The global farmed salmon market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as rising demand for healthy and nutritious food, increasing awareness about the health benefits of consuming salmon, and growing population. The food service sector is expected to be the fastest-growing application segment during the forecast period. North America is expected to dominate the global farmed salmon market in terms of revenue during 2018-2030 owing to high consumption of seafood products in this region and presence of major players operating in this region.
Product Definition:
Farmed salmon is a fish that has been raised in a controlled environment, such as a farm. It is important because it is a major source of protein and omega-3 fatty acids.
Gutted fish:
Gutted fish is a process where the internal organs of farmed salmon are extracted to improve its appearance and increase the meat content. The extraction of organs improves the texture and increases profit margins for producers as gutted fish sells for more than whole ones.
The demand for farm-raised salmon has increased in recent years due to rising health awareness, environmental concerns, and increasing popularity among consumers.
Fillets:
Fillets are the portions of a farmed salmon that is used for processing into filet. The fillet consists of two parts, skin and meat. Skin-on or skin-out refers to the method in which the fish is cut open from its spinal column to its tailbone; it’s then deboned and butchered to obtain the meat and other edible parts.
Application Insights:
The retail sector accounted for a revenue share of more than 50% in 2017. The growing importance of health and wellness among the consumers is expected to boost the demand for salmon in the retail sector over the forecast period. Moreover, increasing penetration of supermarkets and hypermarkets is likely to propel market growth across various regions.
Food service sector was one of the major application segments with a revenue share of more than 47%in 2017 owing to rising product popularity among restaurants and food chains as an ingredient in several dishes. Increasing awareness regarding healthy eating habits has resulted in increased consumption not only at home but also by restaurants and food chains on account both home chefs as well as customers that they serve nutritious foods that will help them maintain their weight along with improving their overall health conditions which has boosted demand for farmed salmon over recent years.
Regional Analysis:
Europe dominated the global market in 2017, accounting for a share of more than 35.0% owing to growing demand from the food service sector and increasing consumer awareness about health benefits associated with salmon. The region is expected to witness significant growth over the forecast period on account of rising disposable income coupled with high purchasing power parity in countries such as Norway, Denmark, and Sweden.
Asia Pacific is projected to be one of the fastest-growing regional markets at a CAGR exceeding 5.0% from 2018 to 2030 due to increasing consumption by consumers preferring healthy seafood products along with strong distribution channels operated by some of the leading players operating in this industry will help these products gain greater visibility among customers resulting into increased sales volume over time which would drive growth further.
Growth Factors:
- Increasing demand for seafood due to population growth and rising incomes in developing countries.
- Farmed salmon is a healthy source of protein and omega-3 fatty acids, which are beneficial for human health.
- The use of sustainable farming practices by the salmon farming industry has helped to reduce the environmental impact of aquaculture operations.
- Salmon is a versatile ingredient that can be used in a variety of dishes, making it appealing to consumers worldwide.
- The global market for farmed salmon is forecast to grow at a CAGR of 6% from 2017-2021
Scope Of The Report
Report Attributes
Report Details
Report Title
Farmed salmon Market Research Report
By Type
Gutted fish, Fillets
By Application
Food service sector, Retail sector
By Companies
Marine Harvest, Mitsubishi Corporation, SALMAR, Leroy Seafood Group, Cooke Aquaculture, AquaChile, Multiexport Foods, Grieg Seafood, Bakkafrost, Pesquera Camanchaca, Nordlaks, Australis Seafood, Nova Sea, Midt-Norsk Havbruk, Pesquera Los Fiordos
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
243
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Farmed salmon Market Report Segments:
The global Farmed salmon market is segmented on the basis of:
Types
Gutted fish, Fillets
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Food service sector, Retail sector
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Marine Harvest
- Mitsubishi Corporation
- SALMAR
- Leroy Seafood Group
- Cooke Aquaculture
- AquaChile
- Multiexport Foods
- Grieg Seafood
- Bakkafrost
- Pesquera Camanchaca
- Nordlaks
- Australis Seafood
- Nova Sea
- Midt-Norsk Havbruk
- Pesquera Los Fiordos
Highlights of The Farmed salmon Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Gutted fish
- Fillets
- By Application:
- Food service sector
- Retail sector
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Farmed salmon Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Farmed salmon is a type of fish that is raised in captivity.
Some of the major players in the farmed salmon market are Marine Harvest, Mitsubishi Corporation, SALMAR, Leroy Seafood Group, Cooke Aquaculture, AquaChile, Multiexport Foods, Grieg Seafood, Bakkafrost, Pesquera Camanchaca, Nordlaks, Australis Seafood, Nova Sea, Midt-Norsk Havbruk, Pesquera Los Fiordos.
The farmed salmon market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Farmed salmon Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Farmed salmon Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Farmed salmon Market - Supply Chain
4.5. Global Farmed salmon Market Forecast
4.5.1. Farmed salmon Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Farmed salmon Market Size (000 Units) and Y-o-Y Growth
4.5.3. Farmed salmon Market Absolute $ Opportunity
5. Global Farmed salmon Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Farmed salmon Market Size and Volume Forecast by Type
5.3.1. Gutted fish
5.3.2. Fillets
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Farmed salmon Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Farmed salmon Market Size and Volume Forecast by Application
6.3.1. Food service sector
6.3.2. Retail sector
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Farmed salmon Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Farmed salmon Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Farmed salmon Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Farmed salmon Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Farmed salmon Demand Share Forecast, 2019-2026
9. North America Farmed salmon Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Farmed salmon Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Farmed salmon Market Size and Volume Forecast by Application
9.4.1. Food service sector
9.4.2. Retail sector
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Farmed salmon Market Size and Volume Forecast by Type
9.7.1. Gutted fish
9.7.2. Fillets
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Farmed salmon Demand Share Forecast, 2019-2026
10. Latin America Farmed salmon Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Farmed salmon Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Farmed salmon Market Size and Volume Forecast by Application
10.4.1. Food service sector
10.4.2. Retail sector
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Farmed salmon Market Size and Volume Forecast by Type
10.7.1. Gutted fish
10.7.2. Fillets
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Farmed salmon Demand Share Forecast, 2019-2026
11. Europe Farmed salmon Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Farmed salmon Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Farmed salmon Market Size and Volume Forecast by Application
11.4.1. Food service sector
11.4.2. Retail sector
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Farmed salmon Market Size and Volume Forecast by Type
11.7.1. Gutted fish
11.7.2. Fillets
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Farmed salmon Demand Share, 2019-2026
12. Asia Pacific Farmed salmon Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Farmed salmon Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Farmed salmon Market Size and Volume Forecast by Application
12.4.1. Food service sector
12.4.2. Retail sector
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Farmed salmon Market Size and Volume Forecast by Type
12.7.1. Gutted fish
12.7.2. Fillets
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Farmed salmon Demand Share, 2019-2026
13. Middle East & Africa Farmed salmon Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Farmed salmon Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Farmed salmon Market Size and Volume Forecast by Application
13.4.1. Food service sector
13.4.2. Retail sector
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Farmed salmon Market Size and Volume Forecast by Type
13.7.1. Gutted fish
13.7.2. Fillets
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Farmed salmon Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Farmed salmon Market: Market Share Analysis
14.2. Farmed salmon Distributors and Customers
14.3. Farmed salmon Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Marine Harvest
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Mitsubishi Corporation
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. SALMAR
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Leroy Seafood Group
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Cooke Aquaculture
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. AquaChile
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Multiexport Foods
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Grieg Seafood
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Bakkafrost
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Pesquera Camanchaca
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Nordlaks
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Australis Seafood
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Nova Sea
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Midt-Norsk Havbruk
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Pesquera Los Fiordos
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
