October 30, 2019
According to the new research report available at MarketStudyReport.com under the title ‘Global Salmon Market: Analysis By Species (Atlantic, Pink, Chum, Sockeye, Coho, Others), Cultivation (Farmed, Wild), End Product (Frozen, Fresh, Canned, Others), Distribution Channel (Food Services, Retail), By Region, By Country (2019 Edition): Opportunities and Forecast (2014-2024) ? By Region (Americas, Europe, APAC, ROW-MEA), By Country (U.S., Canada, Brazil, U.K. Germany, France, Italy, China, Japan, South Korea)’, the worldwide salmon market is all set to record a 6.26% CAGR through 2024.
Salmon is one of the most known seafood and is extensively consumed by people globally. This fish species is highly rich in proteins and offers some of the important nutrients which are linked with a healthy profile in consumers and hence, considered as of the most popular functional food. Furthermore, salmon market has exponentially grown due to increased demand for seafood in developing and emerging countries coupled with rising urban population.
Growing demand for nutritious and healthy food and the consistently increasing number of high-net-worth individuals worldwide are driving salmon market outlook globally. Moreover, growing demand for the product by food services is also anticipated to fuel the market growth over the forecast timeframe.
As per the report, salmon market is anticipated to grow with a CAGR of 6.26% by the year 2024. The report also provides an in-depth understanding about revenue share and growth patterns for each segment and manufacturers, alongside the trends, drivers, and challenges impacting the market growth.
Salmon market is analyzed on the basis of species type, cultivation, distribution, end product and regional outlook. Based on the species type, the market is segmented as pink salmon, Atlantic salmon, sockeye salmon, Coho salmon, chum/dog salmon and others. By means of the cultivation segment, the market is divided into wild, cultivated and farm, while distribution channel segment consists of retail and food services.
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Speaking of the end product, the market is fragmented as fresh, frozen, canned and others. Based on the regional landscape, the market is divided into four major regions which are Americas, Europe, Asia Pacific, and Middle East & Africa. Among these, France and the United States emerged dominant in 2018, accounting for the largest salmon market and are expected to grow with a prominent CAGR over the forecast timeframe.
The prominent companies operating in salmon market include Greig Seafood ASA, High Liner Foods, Multiexport Foods S.A, Nippon Suisan Kaisaha, Austevoll Seafood ASA, SalMar ASA, Leroy Seafood Group ASA, International Fish Farming Co., Thai Union, MOWI ASA, and PJSC (ASmak).
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