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The salmon market size is forecast to increase by USD 5.32 billion, at a CAGR of 4.5% between 2023 and 2028.
Explore in-depth regional segment analysis with market size data - historical 2018-2022 and forecasts 2024-2028 - in the full report.
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The market continues to evolve, with dynamic market dynamics shaping various sectors. Filleting optimization and processing technologies are crucial in ensuring efficient production and high-quality output. Salmon lice treatment and parasite control methods are essential for maintaining fish health and preventing disease outbreaks. Fish feed formulation and fish health management are integral components of aquaculture sustainability. Moreover, disease prevention strategies and market supply chain management are vital for mitigating risks and ensuring a consistent supply of salmon. Salmon farming techniques, including selective breeding programs, are continually advancing to improve growth rate, product yield, and fillet quality.
Integrated multi-trophic aquaculture and recirculating aquaculture systems are gaining popularity due to their potential to reduce environmental impact and improve sustainability practices. Closed containment aquaculture and net pen aquaculture each present unique advantages and challenges, necessitating ongoing research and innovation. Fish behavior monitoring and traceability systems are increasingly important for ensuring food safety regulations and consumer preferences. Ongoing efforts to reduce antibiotic usage and implement disease resistance genetics are crucial for long-term sustainability. Water quality parameters, oxygen levels monitoring, and predator avoidance strategies are essential for maintaining optimal conditions and minimizing losses. Mortality rate analysis and wastewater treatment are crucial for minimizing environmental impact and ensuring responsible farming practices. In this ever-evolving market, continuous innovation and adaptation are key to success. From filleting optimization to fish health management, the market remains a dynamic and exciting space for growth and development.
The salmon industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The offline segment is estimated to witness significant growth during the forecast period.
In the dynamic the market, various entities play pivotal roles in shaping its trends and activities. Closed containment aquaculture ensures sustainability by reducing environmental impact, while probiotic applications enhance fish health and improve feed efficiency. Consumer preferences analysis is crucial in optimizing growth rates and product yield, driving the demand for selective breeding programs and disease prevention strategies. Processing technologies, such as filleting optimization and packaging innovations, extend shelf life and maintain food safety. Aquaculture farming employs parasite control methods, including salmon lice treatment, and integrates multi-trophic systems for waste management. Sustainability practices, traceability systems, and sea lice control are essential for market supply chain transparency.
Food safety regulations mandate disease resistance genetics and oxygen levels monitoring, while predator avoidance strategies and water quality parameters ensure fish behavior and health. Harvesting techniques, such as net pen aquaculture and integrated multi-trophic aquaculture, streamline operations and minimize antibiotic usage. Recirculating aquaculture systems and cold chain logistics optimize production and distribution, maintaining the quality and freshness of salmon products. Market players invest in research and development to improve fish feed formulation, fish health management, and disease prevention strategies. Overall, the market continues to evolve, focusing on sustainability, efficiency, and consumer satisfaction.
The Offline segment was valued at USD 17.14 billion in 2018 and showed a gradual increase during the forecast period.
APAC is estimated to contribute 53% to the growth of the global market during the forecast period.Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
The market is witnessing significant growth due to increasing consumer preferences for omega-3 rich foods and rising health consciousness. APAC holds the largest market share in revenue, driven by population growth and the emergence of a new, urbanizing middle class. Consumers in developing countries, including China, India, Thailand, Taiwan, and Bangladesh, are expected to increase their fish consumption from 19.6 kg to 21.5 kg per capita by 2025. Closed containment aquaculture and selective breeding programs are key strategies to ensure sustainability and improve feed efficiency. Processing technologies, such as filleting optimization and packaging innovations, enhance product yield and shelf life.
Aquaculture farming techniques, including net pen and recirculating systems, address environmental concerns and improve water quality parameters. Disease prevention strategies, including disease resistance genetics and antibiotic usage reduction, ensure fish health management. Sustainability practices, such as integrated multi-trophic aquaculture and wastewater treatment, minimize the industry's environmental impact. Food safety regulations and traceability systems ensure consumer confidence and trust. Parasite control methods, such as salmon lice treatment, and predator avoidance strategies are essential for optimizing growth rates and mortality rates. Oxygen levels monitoring and fish behavior monitoring are crucial for maintaining optimal farming conditions. Overall, the market is evolving to meet consumer demands for healthy, sustainable, and ethically produced seafood.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The global salmon market size and forecast projects growth, driven by salmon market trends 2024-2028. B2B salmon supply solutions leverage sustainable aquaculture technologies for quality. Salmon market growth opportunities 2025 include salmon for foodservice and organic salmon products, meeting demand. Salmon supply chain software optimizes operations, while salmon market competitive analysis highlights key producers. Sustainable salmon farming practices align with eco-friendly seafood trends. Salmon regulations 2024-2028 shapes salmon demand in North America 2025. Premium salmon solutions and salmon market insights boost adoption. Salmon for retail and customized salmon products target niches. Salmon market challenges and solutions address sustainability, with direct procurement strategies for salmon and salmon pricing optimization enhancing profitability. Data-driven salmon market analytics and sustainable seafood trends drive innovation.
The salmon market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the salmon market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, salmon market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
Mowi ASA - The Norwegian firm, Bjolve Bruk AS, is a subsidiary specializing in salmon production. This company's commitment to sustainable aquaculture practices and innovative farming techniques sets it apart in the global seafood industry.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Dive into Technavio's robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Salmon Market insights. See full methodology.
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Market Scope |
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Report Coverage |
Details |
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Page number |
134 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 4.5% |
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Market growth 2024-2028 |
USD 5322.5 million |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
4.2 |
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Key countries |
US, Canada, Germany, UK, Italy, France, China, India, Japan, Egypt, Oman, Argentina, KSA, UAE, and Brazil |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Distribution Channel
7 Market Segmentation by Type
8 Market Segmentation by End-Product Type
9 Customer Landscape
10 Geographic Landscape
11 Drivers, Challenges, and Opportunity/Restraints
12 Competitive Landscape
13 Competitive Analysis
14 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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