Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Recirculating Aquaculture Systems (RAS) Farmed Salmon Market by Type (Whole Type, Fillet Type, Smoked Type, Other VAP Type), By Application (Food Service Sector, Retail Sector) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Recirculating Aquaculture Systems (RAS) Farmed Salmon Market by Type (Whole Type, Fillet Type, Smoked Type, Other VAP Type), By Application (Food Service Sector, Retail Sector) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 348680 4200 Food & Beverages 377 208 Pages 4.7 (49)
                                          

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.


Global Recirculating Aquaculture Systems (RAS) Farmed Salmon Industry Outlook


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:

  1. Mowi
  2. Labeyrie
  3. Lerøy Seafood
  4. Suempol
  5. Norvelita
  6. Young’s Seafood
  7. Salmar
  8. Meralliance
  9. Gottfried Friedrichs
  10. Cooke Aquaculture
  11. Delpeyrat
  12. Norway Royal Salmon ASA
  13. Martiko
  14. Ubago Group
  15. Grieg Seafood
  16. Multiexport Foods
  17. Acme Smoked Fish Corp

Global Recirculating Aquaculture Systems (RAS) Farmed Salmon Market Overview


Highlights of The Recirculating Aquaculture Systems (RAS) Farmed Salmon Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Whole Type
    2. Fillet Type
    3. Smoked Type
    4. Other VAP Type
  1. By Application:

    1. Food Service Sector
    2. Retail Sector
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. 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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Global Recirculating Aquaculture Systems (RAS) Farmed Salmon Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. 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

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