Market Overview:
The global recirculating aquaculture systems (RAS) farmed salmon market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market was valued at US$ 1,362.8 million in 2017 and is projected to reach US$ 2,023.7 million by 2030. The growth of the global RAS farmed salmon market can be attributed to the increasing demand for healthy and nutritious food products, rising awareness about the health benefits of consuming seafood products, and growing demand for sustainable seafood production methods. On the basis of type, whole type dominated the global RAS farmed salmon market in 2017 with a share of more than 60%. This segment is projected to grow at a CAGR of 5% during the forecast period from 2018 to 2030 due to its high nutritional value as well as ease-of-cooking properties.
Product Definition:
Recirculating aquaculture systems (RAS) are closed-loop water systems where the water is reused and recycled. This type of farming is important because it helps to conserve resources, such as fresh water and feed, while also reducing the amount of waste produced by farmed fish. Additionally, RAS farming can be used to produce a wide variety of aquatic animals, including salmon.
Whole Type:
Whole type is a method of feeding aquaculture wherein the fish are fed with natural food such as zooplankton and small fishes. The method has been in practice for many years, however, it gained significant popularity during the last decade owing to its efficiency in improving feed conversion rates and reducing mortality rates.
The growth factor responsible for increasing demand for whole-type farmed salmon is reduction in fish farming costs coupled with consumer shift towards consumption of organic foods.
Fillet Type:
The fillet type is the most preferred cut of farmed salmon. It is a thin slice of fish meat, skin and bone that is processed after capture to ensure uniformity in size and appearance. The shape can vary from round to flat depending on the species. Fillets are used in numerous applications such as canapés, sashimi or stir-fries owing to its delicate texture and high protein content (up to 15% for Atlantic salmon).
Application Insights:
The food service sector is expected to emerge as the fastest-growing application segment over the forecast period. The rising importance of salmon in cuisines of different countries, including China, Japan and U.S., is anticipated to boost product demand in this sector. Recirculating aquaculture systems have been used for decades by fishermen on remote islands to produce high quality protein with low costs and less labor involved. This system has now become a preferred method among modern fishermen who use it for producing high valued fish at lower costs while retaining more nutrients and healthier fats than other types of farmed salmon can offer.
Rising awareness about healthy eating habits among consumers especially in developed regions like North America.
Regional Analysis:
Europe dominated the global market in 2017, with a revenue share of over 30%. The region is expected to witness significant growth in the future as well owing to increasing awareness about sustainability and quality of salmon. Moreover, rising demand for salmon fillets from consumers is anticipated to drive the regional market.
Asia Pacific is projected to be one of the fastest-growing regional markets due to rapid development along with increasing awareness among consumers regarding benefits associated with RAS system such as sustainability and quality. Furthermore, growing food service sector in developing economies including China and India are expected drive product demand over the forecast period.
Growth Factors:
- Increasing demand for healthy and nutritious food products is driving the growth of the Recirculating Aquaculture Systems (RAS) Farmed Salmon market.
- The RAS Farmed Salmon market is witnessing a growing trend of private-label brands, which is expected to boost the growth of this market in the coming years.
- The increasing popularity of sushi and other seafood dishes is propelling the demand for RAS Farmed Salmon, thereby fueling its growth in the global market.
- Rapid urbanization coupled with rising disposable incomes are some of the key factors that are anticipated to fuelthegrowthof thismarketin thenear future .
Scope Of The Report
Report Attributes
Report Details
Report Title
Recirculating Aquaculture Systems (RAS) Farmed Salmon Market Research Report
By Type
Whole Type, Fillet Type, Smoked Type, Other VAP Type
By Application
Food Service Sector, Retail Sector
By Companies
Mowi, Labeyrie, Lerøy Seafood, Suempol, Norvelita, Young’s Seafood, Salmar, Meralliance, Gottfried Friedrichs, Cooke Aquaculture, Delpeyrat, Norway Royal Salmon ASA, Martiko, Ubago Group, Grieg Seafood, Multiexport Foods, Acme Smoked Fish Corp
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
208
Number of Tables & Figures
146
Customization Available
Yes, the report can be customized as per your need.
Global Recirculating Aquaculture Systems (RAS) Farmed Salmon Market Report Segments:
The global Recirculating Aquaculture Systems (RAS) Farmed Salmon market is segmented on the basis of:
Types
Whole Type, Fillet Type, Smoked Type, Other VAP Type
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:
- Mowi
- Labeyrie
- Lerøy Seafood
- Suempol
- Norvelita
- Young’s Seafood
- Salmar
- Meralliance
- Gottfried Friedrichs
- Cooke Aquaculture
- Delpeyrat
- Norway Royal Salmon ASA
- Martiko
- Ubago Group
- Grieg Seafood
- Multiexport Foods
- Acme Smoked Fish Corp
Highlights of The Recirculating Aquaculture Systems (RAS) 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:
- Whole Type
- Fillet Type
- Smoked Type
- Other VAP Type
- 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 Recirculating Aquaculture Systems (RAS) 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.
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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?
Recirculating aquaculture systems (RAS) are a type of salmon farming that uses recirculating water to provide the fish with fresh, clean water. The system is designed so that the fish can swim in and out of different areas of the tank, which helps to keep them healthy and reduces their chances of getting sick.
Some of the major players in the recirculating aquaculture systems (ras) farmed salmon market are Mowi, Labeyrie, Ler¸y Seafood, Suempol, Norvelita, Young’s Seafood, Salmar, Meralliance, Gottfried Friedrichs, Cooke Aquaculture, Delpeyrat, Norway Royal Salmon ASA, Martiko, Ubago Group, Grieg Seafood, Multiexport Foods, Acme Smoked Fish Corp.
The recirculating aquaculture systems (ras) farmed 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 Recirculating Aquaculture Systems (RAS) Farmed 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 Recirculating Aquaculture Systems (RAS) Farmed Salmon Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Recirculating Aquaculture Systems (RAS) Farmed 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 Recirculating Aquaculture Systems (RAS) Farmed 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 Recirculating Aquaculture Systems (RAS) Farmed Salmon Market Size & Forecast, 2020-2028 4.5.1 Recirculating Aquaculture Systems (RAS) Farmed Salmon Market Size and Y-o-Y Growth 4.5.2 Recirculating Aquaculture Systems (RAS) Farmed 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 Whole Type
5.2.2 Fillet Type
5.2.3 Smoked Type
5.2.4 Other VAP Type
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 Service Sector
6.2.2 Retail Sector
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Recirculating Aquaculture Systems (RAS) Farmed 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 Recirculating Aquaculture Systems (RAS) Farmed 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 Whole Type
9.6.2 Fillet Type
9.6.3 Smoked Type
9.6.4 Other VAP Type
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 Service Sector
9.10.2 Retail Sector
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 Whole Type
10.6.2 Fillet Type
10.6.3 Smoked Type
10.6.4 Other VAP Type
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 Service Sector
10.10.2 Retail Sector
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 Whole Type
11.6.2 Fillet Type
11.6.3 Smoked Type
11.6.4 Other VAP Type
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 Service Sector
11.10.2 Retail Sector
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 Whole Type
12.6.2 Fillet Type
12.6.3 Smoked Type
12.6.4 Other VAP Type
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 Service Sector
12.10.2 Retail Sector
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 Whole Type
13.6.2 Fillet Type
13.6.3 Smoked Type
13.6.4 Other VAP Type
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 Service Sector
13.10.2 Retail Sector
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 Recirculating Aquaculture Systems (RAS) Farmed Salmon Market: Competitive Dashboard
14.2 Global Recirculating Aquaculture Systems (RAS) Farmed Salmon Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Mowi
14.3.2 Labeyrie
14.3.3 Lerøy Seafood
14.3.4 Suempol
14.3.5 Norvelita
14.3.6 Young’s Seafood
14.3.7 Salmar
14.3.8 Meralliance
14.3.9 Gottfried Friedrichs
14.3.10 Cooke Aquaculture
14.3.11 Delpeyrat
14.3.12 Norway Royal Salmon ASA
14.3.13 Martiko
14.3.14 Ubago Group
14.3.15 Grieg Seafood
14.3.16 Multiexport Foods
14.3.17 Acme Smoked Fish Corp