April 04, 2022
According to the research 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 marker was worth USD 27836.45 million in 2021 and is anticipated to witness considerable growth through 2027.
Shifting consumer preferences towards ready-to-eat food, as well as improved disposable income of individuals, changing consumer lifestyles, and increased demand for healthy protein-rich foods are the major growth inducing factors for global salmon market.
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Notably, individual consumption patterns have shifted as a result of a variety of reasons, including sedentary lifestyle and awareness about rising prevalence of chronic diseases, which is bolstering the demand for salmon.
Furthermore, compact packaging and ease of availability of frozen and canned salmon, in consort with expanding working population as well as hectic schedules for individuals are expected to fuel the market trends in the forthcoming years.
Based on end product terrain, the industry is divided into canned, fresh, frozen, and others. In terms of distribution channel, the marketplace is split into online retail, and offline retail.
On the basis of species segment of worldwide salmon market, the Atlantic segment held significant revenue share in the recent past and is anticipated to grow at a constant pace throughout the forecast duration, owing to widespread availability of Atlantic salmon in American & European regions.
Regionally speaking, Asia Pacific industry is anticipated to grow significantly over the study period, owing to changes in food consumption patterns because of shifting consumer lifestyle.
Whereas North America market is slated to grow considerably during the analysis timeframe, due to improving technological advancements & innovations in production techniques.
Camanchaca, Inc., Nova Sea AS, Nippon Suisan Kaisha Ltd., Thai Union Group Public Company Limited, SalMar ASA, Mowi ASA, Grieg Seafood ASA, P/F Bakkafrost, Austevoll Seafood ASA, and High Liner Foods, Inc. are the major players in global salmon marketplace.