Global Salmon Market to Expand At 6.26% CAGR Over 2019-2024

July 24, 2020

According to the research report titled ‘Global Salmon Market: Analysis By Species, Cultivation, End Product, Distribution Channel, By Region, By Country (2019 Edition): Opportunities and Forecast (2014-2024) By Region, By Country, available with Market Study Report LLC, global salmon market is expected to witness a CAGR of 6.26%  during 2019-2024.

Growing demand for seafood in developed and emerging countries and increase in the urban population are driving the growth of global salmon market over the recent years. Other factors like consumer preference for healthy and nutritious food and rising number of high-net-worth individuals are fueling the market growth worldwide. Also, growing demand for salmon from food service outlets is expected to contribute to the market growth over 2019-2024.

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Although, longer shelf life of salmon, climate friendly production and increase in health conscious population are impelling the market share, but continuous environmental degradation and sea lice incursion are expected to restrain the business outlook during 2019-2024.

Based on species type, the industry is segmented into Atlantic, pink, sockeye, chum, coho, and others. With regards to the cultivation, the industry is divided into farmed and wild. Based on end product terrain, salmon market is segmented into frozen, fresh, canned, and others.

Speaking of distribution channel, the industry is segmented into food Services and retail. Considering the regional overview, global salmon market is divided into Americas, Europe, Asia Pacific, and Middle East & Africa. The report cites that US and France held majority market share in 2018.

High Liner Foods, Grieg Seafood ASA, Leroy Seafood Group ASA, MOWI ASA, SalMar ASA, Nippon Suisan Kaisha, International Fish Farming Co. PJSC (Asmak), Thai Union Group, Austevoll Seafood ASA, and Multiexport Foods S.A. among others are the leading players in global salmon market.

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