Global Salmon Fish Market

Global Salmon Fish Market Size, Share, Growth Analysis, By Species Outlook(Atlantic/Aquaculture and Pacific), By From Outlook(Fresh, Frozen and Others) - Industry Forecast 2023-2030


Report ID: SQMIG30I2167 | Region: Global | Published Date: February, 2024 | Pages: 157 | Tables: 60 | Figures: 80

Global Salmon Fish Market Insights

Salmon Fish Market size was valued at USD 14.87 billion in 2021 and is poised to grow from USD 16.13 billion in 2022 to USD 30.99 billion by 2030, growing at a CAGR of 8.5% in the forecast period (2023-2030).

More product introductions in various formats, such as frozen, canned, and freeze-dried, are projected to support market expansion overall. Additionally, it is projected that the expanding popularity of hot smoked salmon fish and the rising demand for ready-to-eat salads would further propel market expansion. As a result of its distinctive texture and delicious flavour, salmon, both fresh and frozen became a staple in peoples' everyday diets. With its abundance of micronutrients, minerals, marine omega-3 fatty acids, high quality protein, and a number of vitamins, it is a well -liked source of nutrition and lowers the risk of a wide range of other health problems. Products made from farmed salmon significantly increased sales for several businesses worldwide. The global harvest of Atlantic salmon reached 658,100 tonnes in the third quarter of 2021, according to the annual report released by Mowi, which was primarily driven by harvest from both Chile and Norway. Also, in the third quarter of 2021, the combined consumption of Mowi's products in the U.S. and Asia climbed by 11%, followed by Europe at 4%. Salmon fish demand has benefited from the rising appeal of Asian cuisine and dishes like sushi and sashimi. Salmon has become increasingly popular because of the growing Asian population in the United States and the rise of Asian eateries across the nation. Also anticipated to develop significantly during the projection period are various fish forms like tinned and freeze-dried. To increase the shelf life of food products, manufacturers keep releasing canned fish varieties.

US Salmon Fish Market is poised to grow at a sustainable CAGR for the next forecast year.

Market snapshot - 2023-2030

Global Market Size

USD 14.87 billion

Largest Segment

Atlantic

Fastest Growth

Atlantic

Growth Rate

8.5% CAGR

Global Salmon Fish Market 2022-2030 ($ Bn)
Country Share for Europe Region- 2022 (%)
Global Salmon Fish Market Size By Species Outlook 2022-2030 ($ Bn)
Global Salmon Fish Market Size By Species Outlook 2022-2030 (%)

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Global Salmon Fish Market Segmental Analysis

Global Salmon Fish Market is segmented on the basis of Species Outlook, Form Outlook, and region. By Species Outlook, the Salmon Fish Market is segmented into Atlantic/Aquaculture, and Pacific. By Form Outlook, the Salmon Fish Market is segmented into Fresh, Frozen and Others. By region, the Salmon Fish Market is divided into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Salmon Fish Market Analysis by Species Outlook

The Atlantic species segment dominated the global market. An anadromous species, such as the Atlantic/aquaculture species, spends some of its time in fresh water and some in salt water; nevertheless, an adult salmon spends the most of its life in the ocean. Compared to Pacific species, aquaculture species have 46% more calories, more fat, and omega-3 fatty acids. it is readily accessible in fresh form. The demand for Atlantic species is anticipated to develop quickly due to the growing consumer focus on nutrition and the increased consumption of fresh seafood.

The pacific species segment is expected to grow at the fastest CAGR. Over the forecast period, Pacific species are expected to experience a CAGR of 5.8%. The U.S. and Canadian coasts' North Pacific waters provide a haven for this species group. Chinook/King, Coho, Pink, Red, and Chum are the five species that it is present in. They begin their life in freshwater streams, rivers, and lakes and subsequently move to the sea as little fish called smolts.

Salmon Fish Market Analysis by Form Outlook

The fresh form segment dominated the global market. This version is safe for consumption because it contains no chemicals or preservatives and is high in nutrients. It has a lot of protein, fat, and other minerals like calcium, iron, and potassium. 75% of fresh salmon transported into the US, claims the Chilean Salmon Marketing Council (CSMC). According to the survey, the US consumes the most fresh fish and second-most seafood, hence there is a stronger demand for fresh fish in developed nations like the US.

The frozen form segment will grow at the fastest CAGR. Food can be kept fresh for a long time by freezing. Seafood that is refrigerated keeps its high quality and increases its shelf life. The Observatory of Economic Complexity (OEC) reported that in 2021, the trade value for frozen whole Pacific salmon exceeded USD 1.51 billion globally, while the trade value for frozen whole Atlantic species was roughly USD 898 million.

Global Salmon Fish Market Size By Species Outlook 2022 (%), 2021 (%)

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Global Salmon Fish Market Regional Insights

Europe dominated the global market. Europe is one of the main exporters of fishery and aquaculture products worldwide. Salmon is one of the most often imported goods in the area. It continues to be the most expensive commercial goods exported from Europe. Also, the increasing demand for these goods in important nations like the UK, Italy, and Germany is probably going to benefit regional growth in general.

Asia Pacific market is anticipated to grow at the fastest CAGR. The top smolt importers and consumers in the Asia Pacific continue to be Japan, China, South Korea, and Thailand. The trading of fish has recently accelerated due to favorable government laws and increased transportation infrastructure. Due to its inexpensive price and wide availability, Pacific salmon, particularly chum, is preferred. India exported 12.8 lakh metric tons of seafood worth USD 6.68 billion, according to the Marine Products Export Development Authority (MPEDA), and that amount is anticipated to increase by 12.6% by the end of 2032.

Global Salmon Fish Market Size By Geography, 2022-2030, 2023-2030
  • Largest
  • Fastest

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Global Salmon Fish Market Dynamics

Salmon Fish Market Drivers

Increasing Demand

  • The increasing demand for salmon fish is one of the major drivers of the global salmon fish market. This demand is being driven by various factors, including health awareness, changing dietary habits, and rising disposable incomes. As a result, the global salmon market is expected to grow at a significant rate over the coming years.

Growing Aquaculture Industry

  • Salmon is one of the most popular species farmed globally, and the growth of the aquaculture industry has led to increased farmed salmon availability. This has helped to meet the growing demand for salmon fish products and has also led to improvements in the efficiency and sustainability of salmon farming. One of the reasons why the aquaculture industry has been growing is due to the increasing demand for fish and other seafood products. As the global population continues to grow, the demand for food, including fish, is also increasing. Farmed salmon has become an increasingly important source of protein for many people around the world.

Salmon Fish Market Restraints

High production costs

  • Salmon farming requires significant investment in infrastructure, equipment, and feed, which can make it expensive for producers. This can limit the profitability of salmon farming and make it difficult for new entrants to enter the market. The high feed cost is a major contributor to the high production costs of salmon farming. Salmon requires a protein-rich diet, which typically consists of fishmeal and fish oil, both expensive and subject to price fluctuations. In addition, the cost of other inputs such as labor, energy, and equipment can also contribute to the high production costs of salmon farming.

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Global Salmon Fish Market Competitive Landscape

Together with comprehensive profiles of the key competitors active in the market, the report analyses the competitive landscape of that sector. These competitors include Cremaq Group ASA, Leroy Seafood Group ASA, Mowi ASA, and SalMar ASA, to name a few.

Salmon Fish Market Top Player’s Company Profiles

  • Marine Harvest ASA
  • Cermaq Group AS
  • Bakkafrost
  • Grieg Seafood ASA
  • Mowi ASA
  • SalMar ASA
  • Lerøy Seafood Group ASA
  • The Scottish Salmon Company PLC
  • Tassal Group Limited
  • Huon Aquaculture Group Limited
  • New Zealand King Salmon Investments Limited
  • Multiexport Foods S.A.
  • Empresas AquaChile S.A.
  • Norway Royal Salmon ASA
  • Atlantic Sapphire AS
  • Russian Aquaculture JSC
  • Cooke Aquaculture Inc.
  • AquaBounty Technologies, Inc.
  • Stolt-Nielsen Limited
  • Sustainable Blue

Salmon Fish Market Recent Developments

  • In February 2023, the Norwegian salmon farming company Mowi announced plans to invest $55 million in a new state-of-the-art salmon processing plant in Scotland
  • In January 2023, Cooke Aquaculture, a Canadian salmon farming company, acquired the Scottish salmon farming company Scottish Sea Farms for $90 million.
  • In December 2022, the Norwegian seafood company Lerøy Seafood Group announced plans to invest $39 million in a new land-based salmon farming facility in Norway.
  • In November 2022, the Chilean salmon farming company Camanchaca SA announced plans to invest $38 million in a new land-based salmon farming facility in Chile.
  • In October 2022, the Norwegian salmon farming company SalMar ASA announced plans to invest $29 million in a new hatchery facility in Norway.

Global Salmon Fish Key Market Trends

Increased Salmon Production in a Healthy Way

  • With Chile's aquaculture sector performance continuously improving over the previous few years, the world's production of farmed salmon reached 2.68 million metric tonnes in 2021. As a result, salmon culture has grown, particularly Atlantic salmon culture, which accounts for close to 74% of global salmon output. The majority of the production rise, at about 14%, is seen in Chile, where a new regulatory framework is showing promise. Furthermore, despite the increase in supplies, there is still a huge demand for salmon worldwide. Geographical and legislative limitations on conventional open net-pen farming have made it difficult for farmers to keep up with the growing demand for salmon on a global scale.

Global Salmon Fish Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.

According to our global salmon fish market analysis, the market growth is driven by increasing demand for salmon products, growing aquaculture industry, trade liberalization, technological advancements, and environmental concerns. Despite these drivers, the market faces significant challenges and restraints, including high production costs, environmental challenges, competition from alternative protein sources, trade disputes and geopolitical tensions, and regulatory barriers and certification requirements. The market has seen significant consolidation in recent years, with a few large companies dominating the industry. These companies have invested heavily in research and development, new technologies, and sustainability initiatives to improve their operations and meet the growing demand for high-quality, sustainable salmon products. Additionally, these companies have expanded their market reach through strategic acquisitions, partnerships, and joint ventures. Looking ahead, the global market is expected to grow, driven by increasing demand for healthy and sustainable protein sources, rising disposable incomes, and growing awareness of the health benefits of salmon products.

Report Metric Details
Market size value in 2021 USD 14.87 billion
Market size value in 2030 USD 30.99 billion
Growth Rate 8.5%
Base year 2021
Forecast period 2023-2030
Forecast Unit (Value) USD Billion
Segments covered
  • Species Outlook
    • Atlantic/Aquaculture and Pacific
  • From Outlook
    • Fresh, Frozen and Others
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Marine Harvest ASA
  • Cermaq Group AS
  • Bakkafrost
  • Grieg Seafood ASA
  • Mowi ASA
  • SalMar ASA
  • Lerøy Seafood Group ASA
  • The Scottish Salmon Company PLC
  • Tassal Group Limited
  • Huon Aquaculture Group Limited
  • New Zealand King Salmon Investments Limited
  • Multiexport Foods S.A.
  • Empresas AquaChile S.A.
  • Norway Royal Salmon ASA
  • Atlantic Sapphire AS
  • Russian Aquaculture JSC
  • Cooke Aquaculture Inc.
  • AquaBounty Technologies, Inc.
  • Stolt-Nielsen Limited
  • Sustainable Blue

Salmon Fish Market Recent Developments

  • In February 2023, the Norwegian salmon farming company Mowi announced plans to invest $55 million in a new state-of-the-art salmon processing plant in Scotland
  • In January 2023, Cooke Aquaculture, a Canadian salmon farming company, acquired the Scottish salmon farming company Scottish Sea Farms for $90 million.
  • In December 2022, the Norwegian seafood company Lerøy Seafood Group announced plans to invest $39 million in a new land-based salmon farming facility in Norway.
  • In November 2022, the Chilean salmon farming company Camanchaca SA announced plans to invest $38 million in a new land-based salmon farming facility in Chile.
  • In October 2022, the Norwegian salmon farming company SalMar ASA announced plans to invest $29 million in a new hatchery facility in Norway.
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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Global Salmon Fish Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Global Salmon Fish Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Global Salmon Fish Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Salmon Fish Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Salmon Fish Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Global Salmon Fish Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQ's

Salmon Fish Market size was valued at USD 14.87 billion in 2021 and is poised to grow from USD 16.13 billion in 2022 to USD 30.99 billion by 2030, growing at a CAGR of 8.5% in the forecast period (2023-2030).

Together with comprehensive profiles of the key competitors active in the market, the report analyses the competitive landscape of that sector. These competitors include Cremaq Group ASA, Leroy Seafood Group ASA, Mowi ASA, and SalMar ASA, to name a few. 'Marine Harvest ASA', 'Cermaq Group AS', 'Bakkafrost', 'Grieg Seafood ASA', 'Mowi ASA', 'SalMar ASA', 'Lerøy Seafood Group ASA', 'The Scottish Salmon Company PLC', 'Tassal Group Limited', 'Huon Aquaculture Group Limited', 'New Zealand King Salmon Investments Limited', 'Multiexport Foods S.A.', 'Empresas AquaChile S.A.', 'Norway Royal Salmon ASA', 'Atlantic Sapphire AS', 'Russian Aquaculture JSC', 'Cooke Aquaculture Inc.', 'AquaBounty Technologies, Inc.', 'Stolt-Nielsen Limited', 'Sustainable Blue', 'In February 2023, the Norwegian salmon farming company Mowi announced plans to invest $55 million in a new state-of-the-art salmon processing plant in Scotland', 'In January 2023, Cooke Aquaculture, a Canadian salmon farming company, acquired the Scottish salmon farming company Scottish Sea Farms for $90 million.', 'In December 2022, the Norwegian seafood company Lerøy Seafood Group announced plans to invest $39 million in a new land-based salmon farming facility in Norway.'

The increasing demand for salmon fish is one of the major drivers of the global salmon fish market. This demand is being driven by various factors, including health awareness, changing dietary habits, and rising disposable incomes. As a result, the global salmon market is expected to grow at a significant rate over the coming years.

With Chile's aquaculture sector performance continuously improving over the previous few years, the world's production of farmed salmon reached 2.68 million metric tonnes in 2021. As a result, salmon culture has grown, particularly Atlantic salmon culture, which accounts for close to 74% of global salmon output. The majority of the production rise, at about 14%, is seen in Chile, where a new regulatory framework is showing promise. Furthermore, despite the increase in supplies, there is still a huge demand for salmon worldwide. Geographical and legislative limitations on conventional open net-pen farming have made it difficult for farmers to keep up with the growing demand for salmon on a global scale.

Europe dominated the global market. Europe is one of the main exporters of fishery and aquaculture products worldwide. Salmon is one of the most often imported goods in the area. It continues to be the most expensive commercial goods exported from Europe. Also, the increasing demand for these goods in important nations like the UK, Italy, and Germany is probably going to benefit regional growth in general.

Salmon Fish Market size was valued at USD 14.87 billion in 2021 and is poised to grow from USD 16.13 billion in 2022 to USD 30.99 billion by 2030, growing at a CAGR of 8.5% in the forecast period (2023-2030).

Together with comprehensive profiles of the key competitors active in the market, the report analyses the competitive landscape of that sector. These competitors include Cremaq Group ASA, Leroy Seafood Group ASA, Mowi ASA, and SalMar ASA, to name a few. 'Marine Harvest ASA', 'Cermaq Group AS', 'Bakkafrost', 'Grieg Seafood ASA', 'Mowi ASA', 'SalMar ASA', 'Lerøy Seafood Group ASA', 'The Scottish Salmon Company PLC', 'Tassal Group Limited', 'Huon Aquaculture Group Limited', 'New Zealand King Salmon Investments Limited', 'Multiexport Foods S.A.', 'Empresas AquaChile S.A.', 'Norway Royal Salmon ASA', 'Atlantic Sapphire AS', 'Russian Aquaculture JSC', 'Cooke Aquaculture Inc.', 'AquaBounty Technologies, Inc.', 'Stolt-Nielsen Limited', 'Sustainable Blue', 'In February 2023, the Norwegian salmon farming company Mowi announced plans to invest $55 million in a new state-of-the-art salmon processing plant in Scotland', 'In January 2023, Cooke Aquaculture, a Canadian salmon farming company, acquired the Scottish salmon farming company Scottish Sea Farms for $90 million.', 'In December 2022, the Norwegian seafood company Lerøy Seafood Group announced plans to invest $39 million in a new land-based salmon farming facility in Norway.', 'In November 2022, the Chilean salmon farming company Camanchaca SA announced plans to invest $38 million in a new land-based salmon farming facility in Chile.', 'In October 2022, the Norwegian salmon farming company SalMar ASA announced plans to invest $29 million in a new hatchery facility in Norway.'

The increasing demand for salmon fish is one of the major drivers of the global salmon fish market. This demand is being driven by various factors, including health awareness, changing dietary habits, and rising disposable incomes. As a result, the global salmon market is expected to grow at a significant rate over the coming years.

With Chile's aquaculture sector performance continuously improving over the previous few years, the world's production of farmed salmon reached 2.68 million metric tonnes in 2021. As a result, salmon culture has grown, particularly Atlantic salmon culture, which accounts for close to 74% of global salmon output. The majority of the production rise, at about 14%, is seen in Chile, where a new regulatory framework is showing promise. Furthermore, despite the increase in supplies, there is still a huge demand for salmon worldwide. Geographical and legislative limitations on conventional open net-pen farming have made it difficult for farmers to keep up with the growing demand for salmon on a global scale.

Europe dominated the global market. Europe is one of the main exporters of fishery and aquaculture products worldwide. Salmon is one of the most often imported goods in the area. It continues to be the most expensive commercial goods exported from Europe. Also, the increasing demand for these goods in important nations like the UK, Italy, and Germany is probably going to benefit regional growth in general.

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Global Salmon Fish Market

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