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 market was valued at USD 27836.45 million in the year 2020 and is slated to grow tremendously during the period 2021-2027. 

The growth of global salmon industry is backed by factors like rising inclination toward healthy and ready-to-eat meals, increasing disposable incomes, and consumer preference for dietary transformation with lifestyle choices, all of which are driving demand for protein-rich foods.

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Besides, the elevated incidences of chronic illnesses, combined with the growing awareness about the detrimental consequences of inactive lifestyles are motivating consumers to opt for nutritious meals, which is further accelerating market development.

Based on species type, the Atlantic salmon vertical accounted for a notable revenue share in 2021 and is anticipated to record massive growth during the forecast period, attributed to its availability and accessibility in American as well as European regions.

In terms of end product, worldwide salmon market is split into fresh, canned, frozen, and others. As per distribution channel, the business sphere is categorized into offline retail, and online retail.

Concerning geographical terrain, Asia Pacific market is poised to witness remarkable development during the assessment timeframe, given the transforming customer lifestyle as a result of health concerns which is leading to a massive change in the consumption habits, particularly in developing countries.

Meanwhile, North America market is predicted to register colossal expansion during the stipulated timeline, owing to the numerous technological advancements in manufacturing methods, a burgeoning workforce with busy schedules fostering the sale of easy-to-cook & ready-to-eat meals, and the widespread availability of frozen & canned salmon in compact packages.

The prominent companies amplifying the competitive scope of global salmon market include names like High Liner Foods Inc., Nova Sea AS, Camanchaca Inc., Austevoll Seafood ASA, P/F Bakkafrost, Thai Union Group, Grieg Seafood ASA, SalMar ASA, Mowi ASA, and Nippon Suisan Kaisha Ltd. among others.