Global Salmon Market Share and Size Report, Key Players and Regional Insights 2025-2033

The global salmon market is experiencing robust growth, fueled by increasing consumer awareness of health benefits, rising disposable incomes, and the expanding availability of value-added salmon products. In 2024, the market reached 3.7 million tons and is projected to attain 4.8 million tons by 2033, growing at a CAGR of 3.0% during 2025-2033. The European Union currently dominates consumption, accounting for over 46.3% of the market share in 2024. Key drivers include the proliferation of aquaculture technologies, government initiatives promoting sustainable fisheries, and the increasing demand for convenient, ready-to-eat salmon products.

Study Assumption Years

• Base Year: 2024
• Historical Years: 2019-2024
• Forecast Years: 2025-2033

Global Salmon Market Key Takeaways

• Market Size & Growth: The global salmon market reached 3.7 million tons in 2024 and is expected to grow to 4.8 million tons by 2033, exhibiting a CAGR of 3.0% during 2025-2033.
• Dominant Consumption Region: The European Union leads global consumption, holding over 46.3% market share in 2024.
• Type Segment: Farmed salmon accounts for the majority of the market share due to its consistent supply and affordability.
• Species Preference: Atlantic salmon holds the largest share in the species segment.
• Product Form: Frozen salmon remains dominant, appealing to both consumers and businesses for its cost-effectiveness.
• Distribution Channel: The foodservice sector represents the leading distribution channel globally.
• Production Leaders: Norway, Chile, and Scotland are among the top producers of farmed salmon, while the United States leads in wild-captured salmon production.

What Are the Key Factors Driving Growth in the Global Salmon Market?

Rising Health Consciousness Among Consumers

Several core factors are currently fueling growth in the global salmon market. First, there’s the shift in consumer dietary behavior, driven by heightened health consciousness. Salmon’s nutrient profile, rich in omega-3 fatty acids, high-grade protein, and essential micronutrient, has positioned it as a preferred protein source, especially among individuals aiming to mitigate risks associated with lifestyle diseases. This is spurring consistent demand as consumers actively seek alternatives to red meat and less nutrient-dense proteins.

Expansion of Aquaculture Practices

On the production side, aquaculture expansion is pivotal. Technological advancements in breeding, feed optimization, and disease management have enabled higher yields, reduced resource consumption, and improved sustainability metrics. Countries like Norway, Chile, and Scotland have made significant capital investments in advanced aquaculture systems, fostering a reliable and scalable supply of both farmed and wild-caught salmon. These improvements also address ecological concerns traditionally associated with intensive fishing.

Increasing Demand for Convenient and Ready-to-Eat Products

Additionally, evolving consumer preferences for convenience are shaping product development. The proliferation of ready-to-eat (RTE) and pre-cooked salmon products, such as smoked, canned, and seasoned fillets, reflects a response to urbanization and increasingly fast-paced lifestyles. Retail and foodservice channels are adapting by expanding their salmon-based offerings, optimizing for minimal preparation time without sacrificing nutritional value.

Market Segmentation

By Type

• Farmed: Accounts for the majority of the market share due to its ability to meet growing global demand with consistent and affordable supply.
• Wild Captured: Preferred for its natural sourcing, contributing to a significant portion of the market.

By Species

• Atlantic: Holds the largest share in the salmon industry.
• Pink: Popular for its mild flavor and affordability.
• Chum/Dog: Valued for its firm texture and lower fat content.
• Coho: Known for its delicate taste and medium fat content.
• Sockeye: Recognized for its rich flavor and deep red color.
• Others: Includes various regional species catering to local preferences.

By End Product Type

• Frozen: Remains a dominant segment due to cost-effectiveness and longer shelf life.
• Fresh: Preferred for its taste and texture, often used in high-end culinary applications.
• Canned: Offers convenience and extended storage, popular in various recipes.
• Others: Includes smoked, dried, and other processed forms catering to diverse consumer needs.

By Distribution Channel

• Foodservice: Represents the leading distribution channel, supplying restaurants, hotels, and catering services.
• Retail: Includes supermarkets, hypermarkets, and online platforms, providing direct access to consumers.

Breakup by Region

• Farmed Production:
  • Norway
  • Chile
  • Scotland
  • Canada
  • Faroe Islands
  • Others
• Wild Captured Production:
  • United States
  • Russia
  • Japan
  • Canada
  • Others
• Consumption Regions:
  • European Union
  • Russia
  • United States
  • Brazil
  • Japan
  • China
  • Others

Which Region Leads the Global Salmon Market?

From a regional perspective, the European Union is the dominant player, accounting for over 46% of global salmon consumption in 2024. The EU market’s maturity is underpinned by rigorous quality standards, a long-standing culinary tradition of salmon consumption, and a regulatory emphasis on sustainability. This ensures both robust demand and a consistent supply chain for premium-grade salmon products.

What Are the Recent Developments and Innovations in the Salmon Market?

Recent industry developments highlight a focus on product innovation and market responsiveness. For example, Aldi’s launch of pre-seasoned, air-fryer-compatible salmon in May 2024 addresses demand for convenient meal solutions. Similarly, Morey’s collaboration with Mike’s Hot Honey to introduce blackened, honey-seasoned salmon fillets in January 2025 exemplifies the sector’s trend toward flavor variety and value-added products.

Who Are the Key Players in the Global Salmon Market?

Cermaq Group, Lerøy Seafood Group ASA, Mowi ASA, and SalMar ASA, etc.

Frequently Asked Questions (FAQs)

What are the health benefits of consuming salmon?

Salmon is rich in omega-3 fatty acids, high-quality protein, and essential vitamins and minerals, contributing to heart health, brain function, and overall well-being.

How does farmed salmon differ from wild-caught salmon?

Farmed salmon is raised in controlled environments, ensuring consistent supply and affordability, while wild-caught salmon is sourced from natural habitats, often preferred for its flavor and texture.

What factors are driving the growth of the global salmon market?

Key drivers include increasing health consciousness, advancements in aquaculture practices, and the rising demand for convenient, ready-to-eat salmon products.

4. Which countries are the leading producers of salmon?

Norway, Chile, and Scotland are among the leading producers of salmon.

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