Salmon Market Size, Growth, Demand and Forecast

Salmon Market Outlook

According to the report by Expert Market Research (EMR), the global salmon market size reached a volume of about 4.50 million tons in 2024. The market is projected to grow further at a compound annual growth rate (CAGR) of 3.8% from 2025 to 2033, reaching a volume of about 6.33 million tons by 2033. The increasing global demand for nutritious and sustainable seafood, along with salmon’s diverse culinary applications, is expected to drive the market during the forecast period.

Salmon is one of the most popular and widely consumed fish species worldwide. Known for its rich flavor, high nutritional content, and versatile cooking methods, salmon has become a staple in many diets. Its high omega-3 fatty acid content, combined with other beneficial nutrients like proteins, vitamins, and minerals, has made it a sought-after choice for health-conscious consumers. As consumer awareness of healthy eating grows, demand for salmon is expected to continue its upward trajectory, particularly in the context of the global push for more sustainable and responsible seafood sourcing.

Factors Driving Market Growth

Several key factors are driving the growth of the global salmon market. The primary factor is the increasing consumer preference for high-protein, nutrient-dense foods that are also sustainable. Salmon is an excellent source of omega-3 fatty acids, which are essential for cardiovascular health, brain function, and inflammation reduction. As consumers become more health-conscious, the demand for salmon, as part of a balanced diet, continues to rise.

Another factor contributing to the growth of the global salmon market is the increasing popularity of seafood-based diets. In regions such as North America, Europe, and Asia-Pacific, seafood consumption is growing as part of a broader shift toward healthier, leaner protein sources. Salmon’s adaptability to a wide range of cuisines and its ability to be used in various forms—fresh, frozen, smoked, and canned—make it an attractive option for different culinary preferences.

Moreover, the rising consumer interest in sustainable and responsibly sourced food products is boosting the demand for salmon. As concerns over overfishing, marine pollution, and environmental degradation grow, consumers are becoming more discerning about the origin of their seafood. The global push for sustainability has led to the growth of aquaculture, particularly in countries such as Norway, Chile, and Scotland, where the majority of the world’s farmed salmon is produced. Certifications like the Aquaculture Stewardship Council (ASC) and GlobalG.A.P. have also helped consumers identify sustainably farmed salmon, which further drives the market’s growth.

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Technological Advancements in Aquaculture

The global salmon market has been significantly impacted by advancements in aquaculture technologies, which have improved both the sustainability and efficiency of salmon farming. Innovations in fish breeding, feed technology, water quality management, and disease control have enabled salmon farms to increase production while minimizing environmental impact.

One of the most notable advancements is the development of closed-containment systems, which prevent farmed salmon from interacting with wild populations and reduce the spread of diseases. These systems also minimize the environmental impact of salmon farming by reducing the risk of nutrient pollution in surrounding ecosystems. Additionally, advances in breeding have resulted in the development of salmon varieties that are more resistant to diseases, grow faster, and require less feed, thus improving the overall sustainability of the industry.

Feed technology has also seen significant improvements, with new formulations being developed that increase feed efficiency and reduce the environmental footprint of aquaculture. These innovations ensure that salmon farming continues to evolve in a way that meets growing consumer demand while addressing environmental concerns.

Salmon Consumption Patterns and Trends

As the global salmon market expands, consumption patterns are diversifying. Traditionally, salmon consumption has been highest in countries with coastal access, such as Norway, Japan, and the United States. However, in recent years, consumption has grown in non-coastal regions, driven by the increased availability of salmon through global trade and advancements in refrigeration and freezing technologies. Emerging markets in Asia, particularly China and India, are seeing significant growth in salmon consumption as rising disposable incomes and changing dietary habits increase the demand for high-quality protein sources.

The popularity of ready-to-eat and convenient food products has also contributed to the rise in demand for salmon. Pre-packaged smoked salmon, salmon sashimi, and ready-to-cook fillets are gaining traction in the retail sector, providing busy consumers with quick, nutritious meal options. Additionally, the increasing number of restaurants offering salmon-based dishes—ranging from sushi and sashimi to grilled or baked salmon—has also expanded the market for this fish.

In terms of food trends, there has been a notable shift towards plant-based diets and sustainable eating practices, which have further fueled demand for responsibly sourced salmon. This trend is especially prevalent in Western markets, where consumers are becoming more selective about their food choices and are seeking out options that align with their values. Salmon’s rich omega-3 content and health benefits make it a natural fit for those seeking high-protein alternatives to meat, as it is perceived as both healthy and environmentally sustainable compared to other protein sources.

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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 the positive outlook for the global salmon market, there are several challenges that the industry faces. Environmental concerns, including the impact of salmon farming on marine ecosystems and the potential for disease outbreaks, continue to be significant issues. The global focus on sustainability means that salmon farming must continue to evolve in order to address these challenges and maintain consumer trust.

The rising costs of feed and the availability of resources for salmon farming are also potential challenges. As global feed prices fluctuate, the profitability of salmon farming may be impacted, potentially driving up retail prices and reducing market demand.

However, these challenges also present opportunities for innovation. As consumers demand more sustainable and eco-friendly products, salmon producers that adopt cutting-edge, environmentally conscious practices will be well-positioned to succeed. Moreover, the growth of plant-based alternatives presents an opportunity for salmon producers to diversify their offerings, such as by developing plant-based or hybrid products that cater to the rising demand for vegan and vegetarian options.

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