Changing consumer lifestyles and increased demand for healthy, protein-rich foods are driving growth

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Dublin, March 18, 2022 (GLOBE NEWSWIRE) — The “Global Salmon Market (2022 Edition) – Analysis by Species (Atlantic, Pink, Chum, Sockeye, Coho, Others), End Product, Distribution Channel, By Region, By Country: Market Overview and Forecast with COVID Impact -19 (2022 -2027)” report has been added to from ResearchAndMarkets.com offer.

The global salmon market was valued at USD 27836.45 million in 2021.

Factors such as growing consumer preference for healthy, ready-to-eat foods, alongside rapidly increasing disposable income, have driven demand globally. The growth of the global salmon market is driven by changing consumer lifestyles and increased demand for healthy, protein-rich foods. There has been a shift in individual consumption habits due to multiple factors, such as sedentary lifestyle preferences, growing income rates, and the increasing prevalence of chronic diseases.

Based on the Cash segment, the Atlantic segment captured most of the global market in 2021 due to its wide availability in major regions including US and European regions. The Atlantic salmon is an anadromous fish, which begins its life in fresh water and migrates to the ocean to feed and grow, and returns to fresh water to spawn.

The APAC region is estimated to hold the maximum share of the global salmon market, followed by North America. However, new emerging markets in the APAC region will witness the fastest growth rate in the coming years.

The key dynamics of the salmon market include changes in consumer lifestyle that have impacted changes in food consumption habits globally and regionally resulting in far-reaching health consequences. Populations in countries like the United States, United Kingdom, China, France, Germany, and India are experiencing a nutritional transition.

North America is a traditional market for salmon. Being a developed region, there are many technological innovations and advances in production techniques. In addition, the growing labor force, combined with the busy schedules of individuals, is driving up sales of ready-to-eat (RTE) and easy-to-cook foods.

In line with this, compact packaging and easy availability of frozen and canned salmon is expected to fuel the growth in demand for the salmon market in the coming years.

The report tracks competitive developments, strategies, mergers and acquisitions, and new product development.

Companies analyzed in the report include

  • High Liner Foods

  • Austevoll Seafoods ASA

  • Bakkafrost

  • Grieg Seafood ASA

  • Mowi ASA

  • SalMar

  • Thai Union Group

  • Nippon Suisan Kaisha

  • Novi Mer AS

  • Camanchaca Inc.

Report scope

  • The report analyzes the salmon market by value (USD million).

  • The report analyzes the salmon market by species (Atlantic, pink, chum/dog, sockeye, coho, others).

  • The report analyzes the salmon market by end product (frozen, fresh, canned, other).

  • The report analyzes the salmon market by distribution channel (offline retail, online retail).

  • The global salmon market has been analyzed by country (United States, Canada, Brazil, United Kingdom, Italy, France, Germany, China, Japan, South Korea).

  • The key insights of the report have been presented through the frameworks of SWOT and Porter’s Five Forces Analysis. Additionally, market attractiveness was presented by region, location and product.

  • Also, major industry opportunities, trends, drivers, and challenges have been analyzed in the report.

  • The report presents the salmon market analysis for the historical period of 2017-2021 and the forecast period of 2022-2027

Main topics covered:

1. Report Scope and Methodology

2. Strategic Recommendations

3. Global Salmon Market: Product Overview

4. Global salmon market: an analysis

5. Global Salmon Market: Segment Analysis

6. Global Salmon Market by End Product

7. Global Salmon Market by Distribution Channel

8. Americas Salmon Market: An Analysis

9. Salmon market in Europe: an analysis

10. Asia Pacific Salmon Market

11. Global salmon market dynamics

12. Market attractiveness and strategic analysis

14. Competitive landscape

15. Company Profiles (Company Description, Financial Analysis, Business Strategy)

For more information on this report, visit https://www.researchandmarkets.com/r/2ct3q9

CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager [email protected] For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
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