About Farmed salmon
Farmed salmon is most commonly recognized for its high levels of Omega-3 content, but is also a good source of high-quality protein, vitamins and minerals, so is often a healthy meal choice for many consumers. The farmed salmon industry can make a key contribution to balancing the needs of feeding the growing global population, as well as meeting the demand for healthy and sustainable protein production. Therefore, the demand for farmed salmon is expected to grow significantly during the forecast period.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 4.02% |
The farmed salmon market is a dynamic and competitive landscape. Key players are constantly innovating and adapting their strategies to capture market share and cater to evolving consumer preferences. With a focus on sustainability, premiumization, and technological advancements, the future of farmed salmon looks bright. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Farmed salmon market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
SalMar ASA (Norway), Leroy Seafood Group (Norway), Mitsubishi Corporation (Japan), Cooke Aquaculture, Inc. (Canada), AquaChile (Chile), Multiexport Foods (Chile), Grieg Seafood (Norway), Bakkafrost (Denmark), Pesquera Camanchaca (United States) and Nordlaks (Nordland) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Australis Seafood (Chile), Nova Sea (Norway), Midt-Norsk Havbruk AS (Norway) and Pesquera Los Fiordos (Spain).
Segmentation Overview
AMA Research has segmented the market of Global Farmed salmon market by Type (Gutted fish and Fillets) and Region.
On the basis of geography, the market of Farmed salmon has been segmented into South America (Brazil, Argentina, Chile, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, Norway, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Foodservice will boost the Farmed salmon market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End Product Type, the sub-segment i.e. Frozen will boost the Farmed salmon market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Disease outbreaks and biosecurity
Market Growth Drivers:
Health Benefits Associated with the Farmed Salmon Consumption Has Fueled the Market Growth, Exponential Growth in Aquaculture Production, Significant Rise in the Salmon Aquaculture across the Globe and The Surging Demand for Frozen & Canned Farmed Salmon among the Developing Nations
Challenges:
Frequent Occurrences of Sea Lice and Diseases and Large Scale Production with a Reduced Environmental Burden and Diseases
Restraints:
Stringent Norms & Regulations towards Farmed Salmon Production & Export
Opportunities:
Technological Innovations in the Production of Farmed Salmon, Growth Opportunities from China, Japan, South Korea, Taiwan, and Vietnam and Merger and Acquisitions Opportunities
Market Leaders and their expansionary development strategies
In October 2023, Mowi and Xcelerate Group teamed up to develop blockchain traceability solutions for their salmon supply chain, ensuring transparency and ethical sourcing.
In September 2023, Welfare improvements compassion in World Farming launched a Salmon Welfare Scorecard, assessing and encouraging improvements in fish welfare practices by major producers.
Key Target Audience
Farmed Salmon Producers, Farmed Salmon Processing Companies, Regulatory & Government Bodies, Downstream Vendors, End Users and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.