According to the business intelligence report titled ‘Global Salmon Market (2022 Edition) - Analysis By Species (Atlantic, Pink, Chum, Sockeye, Coho, Others), End Product, Distribution Channel, By Region, By Country: Market Insights and Forecast with Impact of COVID-19 (2022-2027)’, available with MarketStudyReport, global salmon market which amassed a valuation of USD 27836.45 million in 2021, is likely to showcase a modest growth during 2022-2027.

Reliable sources cite that surging disposable income and increasing consumer inclination toward healthy & ready-to-eat food products are the primary factors driving global salmon market growth.  

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In addition, escalating prevalence of chronic diseases, coupled with a gradual shift in consumption patterns of individuals due to sedentary lifestyle are likely to expand the profit margins of the industry in the forthcoming years.

Besides, escalating demand for protein-rich food is motivating consumers to opt for nutritious meals, which is further accelerating the development of the business sphere.

Aside from this, the research literature also incorporates a brief overview of existing and upcoming challenges that may hamper the scope of remuneration for the market, while outlining countermeasures to offset the impact on total earnings.

Considering segmentation, worldwide salmon industry is categorized in terms of species, end product, and distribution channel.

Based on species, the Atlantic segment captured a sizable share of the market in 2021, and is anticipated to record a notable growth during the review period, ascribed to its popularity and widespread availability in the regions of America and Europe. Notably, Atlantic salmon is known to be anadromous in nature as these fish start their lifecycle in freshwater, before migrating to the ocean to feed and grow, and eventually return to the freshwater to procreate.

From a regional frame of reference, Asia Pacific is estimated to account for a substantial market share during the forecast timeline, owing to changes in the lifestyle choices of citizens in emerging economies because of health concerns, which has led to an overall shift in the consumption patterns of the population.

Meanwhile, North America market is estimated to register colossal expansion during the study period, owing to the region being the primary consumer of salmon fish, in tandem with the prevalence of technically sound production techniques. Moreover, soaring working population with busy schedules is fostering the sale of packaged food items & frozen canned salmon in compact packages, which is furthering the prospects of the regional industry.

Speaking of the competitive framework, established corporations such as Mowi ASA, Grieg Seafood ASA, Thai Union Group plc, SalMar ASA, Nippon Suisan Kaisha Ltd., Camanchaca Inc., P/F Bakkafrost, High Liner Foods Inc., and Austevoll Seafood ASA are the key players influencing global salmon market trends.