Market Overview:
The global frozen smoked 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 convenient food options, increasing disposable income of consumers, and growing awareness about the health benefits of consuming smoked salmon. In terms of type, the farming segment is expected to lead the global frozen smoked salmon market during the forecast period, owing to high production volumes and easy availability of raw materials. However, in terms of revenue share, the wild segment is projected to account for a larger share than that of farming during 2018-2030.
Product Definition:
Frozen smoked salmon is a type of seafood that has been frozen and then smoked. This type of salmon is often used in sushi rolls or as a topping on salads.
Farming:
Farming is the process of producing food products from a farm to another via techniques of cultivation, breeding, and harvesting. The factors that propel the growth factor in frozen smoked salmon market include growing population coupled with increasing disposable income levels among consumers across different regions.
The global farming industry has been witnessing significant changes over recent years owing to technological innovations and increased consumer awareness regarding health benefits associated with fresh fruits & vegetables.
Wild:
The global wild and it's usage in frozen smoked salmon market size was valued at USD 1.5 billion in 2015. The increasing demand for sustainable fish products is expected to drive the industry growth over the forecast period. Wild and farmed fish have similar nutritional content; however, wild has higher protein levels as compared to farmed species which makes it more valuable for use in food products.
Application Insights:
The application segment includes food services, retail and others. The food services application segment held the largest share of over 70% in 2017. Frozen smoked salmon is widely used in restaurants, hotels and other eateries as an ingredient for preparing various dishes owing to its rich flavor and aroma. It can be used as a substitute for fresh salmon due to its strong flavor that masks the taste of other ingredients when added in foods such as soups, salads or sandwiches.
The retail sector is expected to emerge as one of the fastest-growing segments over the forecast period owing to increasing demand from countries such as India, China Japan Mexico etcetera where there has been a rise in consumer spending on luxury items including fine wines & spirits along with premium foods including caviar & smoked fish among others which have become popular among high-class consumers mainly at hotels & restaurants serving international cuisine.
Regional Analysis:
Europe dominated the global market in 2017, accounting for more than 35.0% of the total revenue that year. The region is expected to maintain its lead over the forecast period as well, with countries such as Norway and Russia being among its key contributors. In addition, demand for salmon in this region has been rising due to health benefits associated with it.
Asia Pacific is projected to be one of the fastest-growing regional markets from 2018 to 2030 owing to increasing consumer disposable income levels and changing food preferences across emerging economies including China and India among others. Moreover, growing awareness regarding nutritional diet patterns will also have a positive impact on product demand over the coming years.
The industry participants are introducing new products in order not only meet but also exceed customer requirements thereby driving growth across this region especially when it comes frozen smoked salmon produced according high standards set by consumers around world.
Growth Factors:
- Increasing demand for healthy and convenient food options: Frozen smoked salmon is a healthy and convenient food option that is gaining popularity among consumers. This trend is likely to drive the growth of the frozen smoked salmon market in the coming years.
- Rising disposable income of consumers: The rising disposable income of consumers has led to an increase in their spending on premium food products, including frozen smoked salmon. This trend is expected to contribute to the growth of the frozen smoked salmon market in the near future.
- Growing awareness about health benefits of seafood: Consumers are becoming increasingly aware about the health benefits associated with consuming seafood, such as omega-3 fatty acids present in fish oils which help reduce inflammation and promote heart health. This growing awareness is likely to boost demand for frozen smoked salmon in upcoming years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Frozen Smoked Salmon Market Research Report
By Type
Farming, Wild
By Application
Food Services, Retail, Others
By Companies
Marine Harvest, Multi export Foods, Gottfried Friedrichs, Thai Union Frozen Products, Norway Royal Salmon ASA, Gottfried Friedrichs, Farne Salmon, Trout, ACME Smoked Fish, UBAGO GROUP MARE
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
175
Number of Tables & Figures
123
Customization Available
Yes, the report can be customized as per your need.
Global Frozen Smoked Salmon Market Report Segments:
The global Frozen Smoked Salmon market is segmented on the basis of:
Types
Farming, Wild
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 Services, Retail, Others
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
- Multi export Foods
- Gottfried Friedrichs
- Thai Union Frozen Products
- Norway Royal Salmon ASA
- Gottfried Friedrichs
- Farne Salmon
- Trout
- ACME Smoked Fish
- UBAGO GROUP MARE
Highlights of The Frozen Smoked 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:
- Farming
- Wild
- By Application:
- Food Services
- Retail
- Others
- 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 Frozen Smoked 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.
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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?
Frozen smoked salmon is a type of fish that has been preserved in smoke.
Some of the major companies in the frozen smoked salmon market are Marine Harvest, Multi export Foods, Gottfried Friedrichs, Thai Union Frozen Products, Norway Royal Salmon ASA, Gottfried Friedrichs, Farne Salmon, Trout, ACME Smoked Fish, UBAGO GROUP MARE.
The frozen smoked salmon market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Frozen Smoked Salmon Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Frozen Smoked Salmon Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Frozen Smoked Salmon Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Frozen Smoked Salmon Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Frozen Smoked Salmon Market Size & Forecast, 2020-2028 4.5.1 Frozen Smoked Salmon Market Size and Y-o-Y Growth 4.5.2 Frozen Smoked Salmon Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Farming
5.2.2 Wild
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Food Services
6.2.2 Retail
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Frozen Smoked Salmon Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Frozen Smoked Salmon Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Farming
9.6.2 Wild
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Food Services
9.10.2 Retail
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Farming
10.6.2 Wild
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Food Services
10.10.2 Retail
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Farming
11.6.2 Wild
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Food Services
11.10.2 Retail
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Farming
12.6.2 Wild
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Food Services
12.10.2 Retail
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Farming
13.6.2 Wild
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Food Services
13.10.2 Retail
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Frozen Smoked Salmon Market: Competitive Dashboard
14.2 Global Frozen Smoked Salmon Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Marine Harvest
14.3.2 Multi export Foods
14.3.3 Gottfried Friedrichs
14.3.4 Thai Union Frozen Products
14.3.5 Norway Royal Salmon ASA
14.3.6 Gottfried Friedrichs
14.3.7 Farne Salmon
14.3.8 Trout
14.3.9 ACME Smoked Fish
14.3.10 UBAGO GROUP MARE