Salmon Market by Distribution Channel and Geography - Forecast and Analysis 2022-2026

Published: Aug 2022

Pages: 124

SKU: IRTNTR74128

Snapshot

The salmon market share is expected to increase by USD 5.20 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 4.41%.

This salmon market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers salmon market segmentation by distribution channel (offline and online) and geography (APAC, Europe, North America, South America, and Middle East and Africa). The salmon market report also offers information on several market vendors, including Alsaker Fjordbruk AS, AquaChile, Austevoll Seafood ASA, PF Bakkafrost, Bremnes Seashore AS, Camanchaca SA, Cooke Aquaculture Inc., Grieg Seafood ASA, Ideal Foods Ltd., Mitsubishi Corp., Mowi ASA, Multiexport Foods S.A, Nordlaks Produkter AS, Norway Royal Salmon ASA, Nova Sea AS, SalMar ASA, SinkabergHansen AS, and Tassal Group Ltd. among others.

What will the Salmon Market Size be During the Forecast Period?

Download Report Sample to Unlock the Salmon Market Size for the Forecast Period and Other Important Statistics

Salmon Market: Key Drivers, Trends, and Challenges

The rising health consciousness is notably driving the salmon market growth, although factors such as rising veganism may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the salmon industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Salmon Market Driver

The rising health consciousness is one of the factors fueling the salmon market growth.
Growing health consciousness, sedentary lifestyle habits, growing population obesity, and increasing disposable income are some factors driving the demand for salmon.
Consumers are focusing more on adding protein-rich foods to their diet, and, hence, salmon is being added to the preparation of various food products such as pasta, patties, bread, burgers, and rice dishes.
The increasing demand for salmon has led manufacturers to come up with different salmon dishes such as smoked salmon, salmon oil, and others to meet the demand and satisfy the different preferences of a wide range of consumers, which is driving the market growth.

Key Salmon Market Trend

Robust demand for omega-3 fatty acids is one of the key salmon market trends propelling the market growth.
Omega-3 fatty acids help fight heart disease and also promote eye and brain health.
Omega-3 fatty acids can help prevent and treat dry eye syndrome. As a result, the pharmaceutical industry is trying to increase the sales of omega-3 fatty acids, which will positively impact the overall salmon market.
Consuming enough omega-3 fatty acids is extremely important during pregnancy, as they are essential building blocks for the brain and retina of the fetus. It may also play a role in determining the length of the pregnancy and preventing perinatal depression.
The demand for omega-3 fatty acid supplements from pregnant women is increasing as women are becoming increasingly aware of the benefits of omega-3 fatty acids. Such increasing demand may propel market growth in the coming years.

Key Salmon Market Challenge

Rising veganism is one of the key factors impeding the salmon market growth.
Plant-based proteins and vegan foods have seen a significant increase in demand over the last decade.
The number of vegans in the UK increased from approximately 0.28 million in 2016 to nearly 0.6 million in 2020.
Apart from the health benefits associated with the vegan diet, there are quite a few social reasons that have influenced consumers to adopt vegan lifestyles.
Concerns about planetary sustainability, individual health, and the ethical treatment of animals have increased the attention toward plant-based diets. This, in turn, will impede the market growth in the forecasted period.

This salmon market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global salmon market as a part of the global packaged foods and meats market under the global food products segment of the global food, beverage, and tobacco market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the salmon market during the forecast period.

Who are the Major Salmon Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

This statistical study of the salmon market encompasses successful business strategies deployed by the key vendors. The salmon market is fragmented and the vendors are deploying growth strategies such as acquisitions and partnerships to compete in the market.

Product Insights and News

Alsaker.no - The unified segment focuses on the production of salmon.
Alsaker.no - The company offers salmon through its subsidiary Bjolve Bruk AS.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The salmon market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Salmon Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the salmon market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Salmon Market?

For more insights on the market share of various regions Request PDF Sample now!

47% of the market’s growth will originate from APAC during the forecast period. China is the key market for the salmon market in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The increasing consumer health consciousness and seafood consumption will facilitate the salmon market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Distribution Channel Segments in the Salmon Market?

To gain further insights on the market contribution of various segments Request PDF Sample

The salmon market share growth by the offline segment will be significant during the forecast period. Offline channels allow customers to view products, including seafood such as salmon, and unlike online stores, they offer instant gratification. In addition, these stores have helpful staff who contribute to building customer loyalty by providing good quality salmon, attracting consumers to visit again and again. Such factors in the offline segment are anticipated to propel market growth in the coming years.

This report provides an accurate prediction of the contribution of all the segments to the growth of the salmon market size and actionable market insights on post COVID-19 impact on each segment.

Salmon Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 4.41%
Market growth 2022-2026	$ 5.20 billion
Market structure	Fragmented
YoY growth (%)	3.84
Regional analysis	APAC, Europe, North America, South America, and Middle East and Africa
Performing market contribution	APAC at 47%
Key consumer countries	US, China, Belgium, UK, and Denmark
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	Alsaker Fjordbruk AS, AquaChile, Austevoll Seafood ASA, PF Bakkafrost, Bremnes Seashore AS, Camanchaca SA, Cooke Aquaculture Inc., Grieg Seafood ASA, Ideal Foods Ltd., Mitsubishi Corp., Mowi ASA, Multiexport Foods S.A, Nordlaks Produkter AS, Norway Royal Salmon ASA, Nova Sea AS, SalMar ASA, SinkabergHansen AS, and Tassal Group Ltd.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Request PDF sample

What are the Key Data Covered in this Salmon Market Report?

CAGR of the market during the forecast period 2022-2026
Detailed information on factors that will drive salmon market growth during the next five years
Precise estimation of the salmon market size and its contribution to the parent market
Accurate predictions on upcoming trends and changes in consumer behavior
The growth of the salmon industry across APAC, Europe, North America, South America, and Middle East and Africa
A thorough analysis of the market’s competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of salmon market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

Table of Contents

1 Executive Summary

1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Distribution Channel
- Exhibit 06: Executive Summary – Chart on Incremental Growth
- Exhibit 07: Executive Summary – Data Table on Incremental Growth
- Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Exhibit 09: Parent market
- Exhibit 10: Market Characteristics

3 Market Sizing

3.1 Market definition
- Exhibit 11: Offerings of vendors included in the market definition

3.2 Market segment analysis
- Exhibit 12: Market segments

3.3 Market size 2021

3.4 Market outlook: Forecast for 2021-2026
- Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
- Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

4.1 Five forces summary
- Exhibit 17: Five forces analysis - Comparison between 2021 and 2026

4.2 Bargaining power of buyers
- Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

4.3 Bargaining power of suppliers
- Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

4.4 Threat of new entrants
- Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

4.5 Threat of substitutes
- Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

4.6 Threat of rivalry
- Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

4.7 Market condition
- Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Distribution Channel

5.1 Market segments
- Exhibit 24: Chart on Distribution Channel - Market share 2021-2026 (%)
- Exhibit 25: Data Table on Distribution Channel - Market share 2021-2026 (%)

5.2 Comparison by Distribution Channel
- Exhibit 26: Chart on Comparison by Distribution Channel
- Exhibit 27: Data Table on Comparison by Distribution Channel

5.3 Offline - Market size and forecast 2021-2026
- Exhibit 28: Chart on Offline - Market size and forecast 2021-2026 ($ million)
- Exhibit 29: Data Table on Offline - Market size and forecast 2021-2026 ($ million)
- Exhibit 30: Chart on Offline - Year-over-year growth 2021-2026 (%)
- Exhibit 31: Data Table on Offline - Year-over-year growth 2021-2026 (%)

5.4 Online - Market size and forecast 2021-2026
- Exhibit 32: Chart on Online - Market size and forecast 2021-2026 ($ million)
- Exhibit 33: Data Table on Online - Market size and forecast 2021-2026 ($ million)
- Exhibit 34: Chart on Online - Year-over-year growth 2021-2026 (%)
- Exhibit 35: Data Table on Online - Year-over-year growth 2021-2026 (%)

5.5 Market opportunity by Distribution Channel
- Exhibit 36: Market opportunity by Distribution Channel ($ million)

6 Customer Landscape

6.1 Customer landscape overview
- Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

7.1 Geographic segmentation
- Exhibit 38: Chart on Market share by geography 2021-2026 (%)
- Exhibit 39: Data Table on Market share by geography 2021-2026 (%)

7.2 Geographic comparison
- Exhibit 40: Chart on Geographic comparison
- Exhibit 41: Data Table on Geographic comparison

7.3 APAC - Market size and forecast 2021-2026
- Exhibit 42: Chart on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 43: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 44: Chart on APAC - Year-over-year growth 2021-2026 (%)
- Exhibit 45: Data Table on APAC - Year-over-year growth 2021-2026 (%)

7.4 Europe - Market size and forecast 2021-2026
- Exhibit 46: Chart on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 47: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 48: Chart on Europe - Year-over-year growth 2021-2026 (%)
- Exhibit 49: Data Table on Europe - Year-over-year growth 2021-2026 (%)

7.5 North America - Market size and forecast 2021-2026
- Exhibit 50: Chart on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 51: Data Table on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 52: Chart on North America - Year-over-year growth 2021-2026 (%)
- Exhibit 53: Data Table on North America - Year-over-year growth 2021-2026 (%)

7.6 South America - Market size and forecast 2021-2026
- Exhibit 54: Chart on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 55: Data Table on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 56: Chart on South America - Year-over-year growth 2021-2026 (%)
- Exhibit 57: Data Table on South America - Year-over-year growth 2021-2026 (%)

7.7 Middle East and Africa - Market size and forecast 2021-2026
- Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

7.8 China - Market size and forecast 2021-2026
- Exhibit 62: Chart on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 63: Data Table on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 64: Chart on China - Year-over-year growth 2021-2026 (%)
- Exhibit 65: Data Table on China - Year-over-year growth 2021-2026 (%)

7.9 US - Market size and forecast 2021-2026
- Exhibit 66: Chart on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 67: Data Table on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 68: Chart on US - Year-over-year growth 2021-2026 (%)
- Exhibit 69: Data Table on US - Year-over-year growth 2021-2026 (%)

7.10 Belgium - Market size and forecast 2021-2026
- Exhibit 70: Chart on Belgium - Market size and forecast 2021-2026 ($ million)
- Exhibit 71: Data Table on Belgium - Market size and forecast 2021-2026 ($ million)
- Exhibit 72: Chart on Belgium - Year-over-year growth 2021-2026 (%)
- Exhibit 73: Data Table on Belgium - Year-over-year growth 2021-2026 (%)

7.11 UK - Market size and forecast 2021-2026
- Exhibit 74: Chart on UK - Market size and forecast 2021-2026 ($ million)
- Exhibit 75: Data Table on UK - Market size and forecast 2021-2026 ($ million)
- Exhibit 76: Chart on UK - Year-over-year growth 2021-2026 (%)
- Exhibit 77: Data Table on UK - Year-over-year growth 2021-2026 (%)

7.12 Denmark - Market size and forecast 2021-2026
- Exhibit 78: Chart on Denmark - Market size and forecast 2021-2026 ($ million)
- Exhibit 79: Data Table on Denmark - Market size and forecast 2021-2026 ($ million)
- Exhibit 80: Chart on Denmark - Year-over-year growth 2021-2026 (%)
- Exhibit 81: Data Table on Denmark - Year-over-year growth 2021-2026 (%)

7.13 Market opportunity by geography
- Exhibit 82: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

8.1 Market drivers

8.2 Market challenges

8.3 Impact of drivers and challenges
- Exhibit 83: Impact of drivers and challenges in 2021 and 2026

8.4 Market trends

9 Vendor Landscape

9.1 Overview

9.2 Vendor landscape
- Exhibit 84: Overview on Criticality of inputs and Factors of differentiation

9.3 Landscape disruption
- Exhibit 85: Overview on factors of disruption

9.4 Industry risks
- Exhibit 86: Impact of key risks on business

10 Vendor Analysis

10.1 Vendors covered
- Exhibit 87: Vendors covered

10.2 Market positioning of vendors
- Exhibit 88: Matrix on vendor position and classification

10.3 Alsaker Fjordbruk AS
- Exhibit 89: Alsaker Fjordbruk AS - Overview
- Exhibit 90: Alsaker Fjordbruk AS - Product / Service
- Exhibit 91: Alsaker Fjordbruk AS - Key offerings

10.4 Austevoll Seafood ASA
- Exhibit 92: Austevoll Seafood ASA - Overview
- Exhibit 93: Austevoll Seafood ASA - Business segments
- Exhibit 94: Austevoll Seafood ASA - Key offerings
- Exhibit 95: Austevoll Seafood ASA - Segment focus

10.5 Bakkafrost PF
- Exhibit 96: Bakkafrost PF - Overview
- Exhibit 97: Bakkafrost PF - Business segments
- Exhibit 98: Bakkafrost PF - Key offerings
- Exhibit 99: Bakkafrost PF - Segment focus

10.6 Camanchaca SA
- Exhibit 100: Camanchaca SA - Overview
- Exhibit 101: Camanchaca SA - Product / Service
- Exhibit 102: Camanchaca SA - Key offerings

10.7 Grieg Seafood ASA
- Exhibit 103: Grieg Seafood ASA - Overview
- Exhibit 104: Grieg Seafood ASA - Business segments
- Exhibit 105: Grieg Seafood ASA - Key offerings
- Exhibit 106: Grieg Seafood ASA - Segment focus

10.8 Ideal Foods Ltd.
- Exhibit 107: Ideal Foods Ltd. - Overview
- Exhibit 108: Ideal Foods Ltd. - Product / Service
- Exhibit 109: Ideal Foods Ltd. - Key offerings

10.9 Mitsubishi Corp.
- Exhibit 110: Mitsubishi Corp. - Overview
- Exhibit 111: Mitsubishi Corp. - Business segments
- Exhibit 112: Mitsubishi Corp. - Key news
- Exhibit 113: Mitsubishi Corp. - Key offerings
- Exhibit 114: Mitsubishi Corp. - Segment focus

10.10 Mowi ASA
- Exhibit 115: Mowi ASA - Overview
- Exhibit 116: Mowi ASA - Business segments
- Exhibit 117: Mowi ASA - Key news
- Exhibit 118: Mowi ASA - Key offerings
- Exhibit 119: Mowi ASA - Segment focus

10.11 Nova Sea AS
- Exhibit 120: Nova Sea AS - Overview
- Exhibit 121: Nova Sea AS - Product / Service
- Exhibit 122: Nova Sea AS - Key offerings

10.12 SalMar ASA
- Exhibit 123: SalMar ASA - Overview
- Exhibit 124: SalMar ASA - Business segments
- Exhibit 125: SalMar ASA - Key offerings
- Exhibit 126: SalMar ASA - Segment focus

11 Appendix

11.1 Scope of the report

11.2 Inclusions and exclusions checklist
- Exhibit 127: Inclusions checklist
- Exhibit 128: Exclusions checklist

11.3 Currency conversion rates for US$
- Exhibit 129: Currency conversion rates for US$

11.4 Research methodology
- Exhibit 130: Research methodology
- Exhibit 131: Validation techniques employed for market sizing
- Exhibit 132: Information sources

11.5 List of abbreviations
- Exhibit 133: List of abbreviations

food allergy among consumers: There is an increase in the number of people suffering from food allergies globally. Food allergy is caused when the immune system reacts to the ingestion of certain foods. Ingredients of packaged foods and meats that can create allergic reactions in some people include (but are not limited to) milk, eggs, fish, crustacean shellfish (e.g., crab, lobster, and shrimp), tree nuts (e.g., almonds, walnuts, and pecan), peanuts, wheat, and soybeans. Even consumption of small amounts of food allergens can trigger signs and symptoms such as digestive problems, hives, and swollen airways. In some people, a food allergy can cause severe symptoms, or even a life-threatening reaction is, known as anaphylaxis. For example, in the US, nearly 3% of the adult population suffers from shellfish allergy.

Methodology

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

Manufacturers and suppliers
Channel partners
Industry experts
Strategic decision makers

Secondary sources

Industry journals and periodicals
Government data
Financial reports of key industry players
Historical data
Press releases

DATA ANALYSIS

Data Synthesis

Collation of data
Estimation of key figures
Analysis of derived insights

Data Validation

Triangulation with data models
Reference against proprietary databases
Corroboration with industry experts

REPORT WRITING

Qualitative

Market drivers
Market challenges
Market trends
Five forces analysis

Quantitative

Market size and forecast
Market segmentation
Geographical insights
Competitive landscape

Purchase Report

PURCHASE FULL REPORT OF

salmon market

Buy Report - Single User License 2500 USD

QUICK BUY

Key Questions Answered

What are the key global market and the regional market share?
What are the revenue-generating key market segments?
What are the key factors driving and challenging this market’s growth?
Who are the key market vendors and their growth strategies?
What are the latest trends influencing the growth of this market?
What are the variables influencing the market growth in the primary regions?
What are the factors influencing the growth of the parent market?

Why should you prefer Technavio's market insights report?

Off-the-shelf research reports
Reports can be tailored to meet the customer's needs
Trusted by more than 100 fortune 500 organizations
Information about the market's key drivers, trends, and challenges
Parent market analysis
Every week, 50,000 people visit our subscription platform
Detailed vendors report with competitive landscape
Covid-19 impact and recovery analysis
Data on revenue-generating market segments
Details on the market shares of various regions
Five-force market analysis