Salmon Market Size, Share, Growth and Report | 2034

Salmon Market Outlook

According to the report by Expert Market Research (EMR), the global salmon market size attained a volume of about 4.50 Million Tons in 2024. Aided by the increasing demand for nutritious seafood and the growing awareness regarding the health benefits of salmon consumption, the market is projected to further grow at a CAGR of 3.80% between 2025 and 2034 to reach a volume of about 6.53 Million Tons by 2034.

Salmon is a highly nutritious fish that is widely consumed across the globe due to its rich content of essential fatty acids, proteins, vitamins, and minerals. It is a popular seafood choice due to its taste, versatility in culinary applications, and numerous health benefits, including improved heart health, cognitive function, and anti-inflammatory properties. Salmon is available in various forms, including fresh, frozen, smoked, and canned, catering to different consumer preferences.

The increasing consumer inclination towards healthy eating habits and protein-rich diets is a primary driver of the global salmon market growth. As awareness regarding the nutritional benefits of salmon rises, more consumers are incorporating it into their diets as a superior source of omega-3 fatty acids and lean protein. Additionally, the surging popularity of seafood-based diets, including pescatarian and Mediterranean diets, has further propelled salmon consumption worldwide.

Market Drivers

One of the primary factors driving the global salmon market is the rising demand for premium seafood products. Consumers are increasingly opting for high-quality, sustainable seafood options, which has led to a surge in demand for responsibly sourced salmon. This trend has encouraged market players to invest in sustainable aquaculture practices and certification programs to meet evolving consumer expectations.

The expansion of the aquaculture industry is another significant factor supporting market growth. Advances in aquaculture techniques have improved salmon farming efficiency, leading to increased production and availability. Innovations in feed formulation, disease management, and water quality control have enhanced the overall sustainability of salmon farming, ensuring a steady supply to meet global demand.

Additionally, the rising disposable incomes and changing dietary preferences in emerging economies have boosted salmon consumption. Countries such as China, India, and Brazil are witnessing a surge in seafood demand due to urbanization, increased health consciousness, and greater exposure to international cuisines. This trend is expected to create lucrative opportunities for salmon market expansion in these regions.

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Salmon Market Trends

The increasing adoption of organic and sustainably sourced salmon is a key trend shaping the market. With growing concerns regarding environmental impact and overfishing, consumers are seeking responsibly farmed and wild-caught salmon certified by organizations such as the Marine Stewardship Council (MSC) and Aquaculture Stewardship Council (ASC). This trend has led to a rise in demand for organic salmon, which is free from antibiotics and artificial additives.

The integration of salmon into ready-to-eat and convenience food products is another notable trend in the market. As consumer lifestyles become more fast-paced, the demand for easy-to-prepare seafood options has risen. Smoked salmon, pre-marinated fillets, and frozen salmon-based meals are gaining popularity among busy professionals and health-conscious individuals seeking nutritious meal solutions.

Technological advancements in processing and packaging have also played a significant role in market expansion. Innovations such as vacuum-sealed packaging, modified atmosphere packaging (MAP), and freezing techniques have extended the shelf life of salmon products, ensuring freshness and reducing food waste. These developments have facilitated international trade and improved supply chain efficiency.

Furthermore, the growing influence of e-commerce and online grocery platforms has made salmon more accessible to consumers worldwide. Online seafood retailers and meal kit delivery services offer a wide range of salmon products, allowing consumers to conveniently purchase high-quality seafood from the comfort of their homes. The increasing penetration of digital grocery shopping is expected to further drive market growth.

Salmon Market Segmentation

The market can be divided based on type, species, end product, distribution channel, and region.

Breakup by Type

• Farmed
• Wild Captured

Breakup by Species

• Atlantic
• Pink
• Chum/Dog
• Coho
• Sockeye
• Others

Breakup by End Product

• Frozen
• Fresh
• Canned
• Others

Breakup by Distribution Channel

• Foodservice
• Retail
• Others

The wild captured variant are majorly found in the following regions:

• United States
• Russia
• Japan
• Canada
• Others

The major consuming regions of the product include the following:

• European Union
• Russia
• United States
• Brazil
• Japan
• China
• Others

Competitive Landscape

Some of the major players explored in the report by Expert Market Research are as follows:

• Cermaq Group AS
• Lerøy Seafood Group
• Mowi ASA
• SalMar ASA
• Others

Challenges and Opportunities

Despite its promising growth, the global salmon market faces several challenges. One of the primary concerns is the impact of climate change on wild salmon populations and aquaculture operations. Rising ocean temperatures, habitat destruction, and water pollution pose significant threats to salmon production. To mitigate these risks, industry players are investing in sustainable aquaculture technologies and habitat restoration efforts.

Another challenge is the prevalence of diseases and parasites in salmon farms, which can affect production efficiency and product quality. Innovations in aquaculture management, including advanced breeding techniques and improved biosecurity measures, are being implemented to address these challenges and ensure a sustainable supply of farmed salmon.

However, the market presents numerous opportunities for expansion. The increasing demand for plant-based and alternative seafood products has paved the way for the development of salmon substitutes made from plant proteins and cellular agriculture. These alternatives cater to consumers seeking sustainable and ethical seafood options while reducing pressure on wild fish stocks.

Additionally, the rising popularity of value-added salmon products, such as marinated fillets, gourmet smoked salmon, and salmon-based spreads, offers new growth avenues for market players. Expanding product portfolios to include diverse and innovative salmon-based offerings can enhance brand appeal and attract a broader consumer base.