Farmed Salmon Market Analysis and Forecast by 2031

MARKET INTRODUCTION

Salmon is a well-known food fish classified as an oily fish with rich content of protein and omega-3 fatty acids. In Norway, a major producer or farmer farmed different species of salmon, which differ slightly in terms of food quality and safety. Farmed salmon contains lower content of environmental contaminants, and wild salmon having a higher content of omega-3 fatty acids. Salmon flesh is basically orange to red, although there are some examples of white-fleshed wild salmon. Some of the species of salmon, including Atlantic, pink, chum/dog, coho, are highly preferred for farming.

MARKET DYNAMICS

The farmed salmon market has witnessed a significant growth owing to factors such as wider use of this fish in various cuisines and in end products by into residential, food service (HORECA), and food processing industries. Food processing companies offer a diverse range of products, such as frozen, fresh, canned salmon for the consumers and these products are available through both the online and offline sales channels. All these factors are influencing the farmed salmon market. Salmon is rich in a protective antioxidant, astaxanthin, and it is an excellent source of high-quality protein, vitamins, and minerals (including potassium, selenium, and vitamin B12). However, it is the content of omega-3 fatty acids in salmon that receives the most attention. Due to these properties, salmon is gaining more popularity among consumers. Additionally, the government of various countries is focusing on motivating fish farmers for farming salmon on a commercial scale and also providing schemes and other facilities; this is further contributing to the market growth of farmed salmon. However, a lack of knowledge towards fish farming skills among farmers may hamper the growth of the farmed salmon market. Nevertheless, with the steady growth in the food processing industry and fishery industry, there are opportunities for the market players to invest in this market.

MARKET SCOPE

The "Global Farmed Salmon Market Analysis to 2031" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the farmed salmon market with detailed market segmentation by species, product type, end-use, and geography. The global farmed salmon market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading farmed salmon market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global farmed salmon market is segmented on the basis of species, product type, and end-use. On the basis of species, the farmed salmon market is segmented into atlantic, pink, chum/dog, coho, and others. The farmed salmon market on the basis of the product type is classified into frozen, fresh, canned, and others. On the basis of end-use, global farmed salmon market is bifurcated into residential, food service(HORECA), and food processing.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global farmed salmon market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The farmed salmon market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the farmed salmon market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the farmed salmon market in these regions.

MARKET PLAYERS

The reports cover various key developments in the global farmed salmon market. Various companies are focusing growth strategies such as product launches, product approvals and others such as patents and events. Some of the growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from farmed salmon market are anticipated to lucrative growth opportunities in the future with the rising demand for farmed salmon in the global market. Below mentioned is the list of few companies engaged in the farmed salmon market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the farmed salmon market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

- Agrosuper
- Alsaker Fjordbruk AS
- Cremaq Group ASA
- Grieg Seafood
- Leroy Seafood Group ASA
- Mowi ASA
- Nordlaks
- Norway Royal Salmon
- SalMar ASA
- SinkabergHansen AS

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Farmed Salmon Report Scope