According to the latest report titled “Salmon Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, the global salmon market reached a volume of 3.7 Million Tons in 2018.
Over the past few years, there has been an increase in the per capita consumption of protein which has resulted in the rising preference for fish as compared to animal meat as it is a rich source of protein. This is one of the major factors which has been proliferating the growth of the market. Apart from this, salmon also offers high levels of omega-3 fats, EPA and DHA which makes it a popular food product among health-conscious consumers as it is highly beneficial for decreasing the risk of heart diseases, diabetes, and obesity. Rising worldwide demand for salmon can also be accredited to a rise in the disposable incomes across both developed and emerging economies. Some of the other factors which have positively influenced the growth of the global salmon market include rising health consciousness, value addition, changing dietary habits, convenient packaging, etc. Looking forward, the market volume is projected to reach 4.7 Million Tons by 2024, expanding at a CAGR of 3.9% during 2019-2024.
Based on type, the market has been segmented into farmed and wild captured. Currently, farmed salmon represents the largest segment on account of a significant rise in the salmon aquaculture across the globe.
Based on species, the market has been segregated into Atlantic, Pink, Chum/Dog, Sockeye and Coho. Amongst these, Atlantic salmon represents the most popular species amongst the consumers.
Based on the distribution channel, the market has been segmented as food service and retail. Foodservice currently represents the largest distribution channel.
Based on the end-product, the market has been segmented as frozen, fresh and canned. Amongst these, frozen salmon represents the most widely consumed product.
Based on production, Norway is the largest market for farmed salmon followed by Chile, Scotland, Canada and Faroe Islands. On the other hand, for wild captured salmon, the United States represents the biggest producing region followed by Russia, Japan, and Canada.
The salmon market has also been segmented based on end-markets which represent the major consumption regions. This segment is being led by EU followed by the United States, Brazil, China, Russia, and Japan.
The competitive landscape of the global salmon market has also been examined with some of the key players being Mowi ASA, Cermaq, Leroy Seafood Group, and SalMar.
This report provides a deep insight into the global salmon market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter's five forces analysis, value chain analysis, etc. The report also provides a comprehensive analysis for setting up a salmon manufacturing plant. The study analyses the processing and manufacturing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the salmon industry in any manner.
Key Questions Answered in This Report:
- How has the global salmon market performed so far and how will it perform in the coming years?
- What are the different salmon types?
- What are the major distribution channels in the global salmon industry?
- What are the end-product types in the global salmon industry?
- What are the key producing regions for salmon?
- What are the key end-markets for salmon?
- What are the price trends of salmon?
- What are the various stages in the value chain of the salmon industry?
- What are the key driving factors and challenges in the global salmon industry?
- What is the structure of the global salmon industry and who are the key players?
- What is the degree of competition in the global salmon industry?
- What are the profit margins in the global salmon industry?
- What are the key requirements for setting up a salmon processing plant?
- How is salmon processed?
- What are the various unit operations involved in a salmon processing plant?
- What is the total size of land required for setting up a salmon processing plant?
- What are the machinery requirements for setting up a salmon processing plant?
- What are the raw material requirements for setting up a salmon processing plant?
- What are the packaging requirements for salmon?
- What are the transportation requirements for salmon?
- What are the utility requirements for setting up a salmon processing plant?
- What are the manpower requirements for setting up a salmon processing plant?
- What are the infrastructure costs for setting up a salmon processing plant?
- What are the capital costs for setting up a salmon processing plant?
- What are the operating costs for setting up a salmon processing plant?
- What will be the income and expenditures for a salmon processing plant?
- What is the time required to break-even?
2 Scope and Methodology
2.1 Objectives of the Study
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4.2 Key Industry Trends
5 Global Salmon Market
5.1 Market Overview
5.2 Market Performance
5.2.1 Volume Trends
5.2.2 Value Trends
5.3 Market Breakup by Type
5.4 Market Breakup by Producing Region
5.5 Market Breakup by Consuming Region
5.6 Market Breakup by Species
5.7 Market Breakup by End-Product Type
5.8 Market Breakup by Distribution Channel
5.9 Market Forecast
5.10 SWOT Analysis
5.11 Value Chain Analysis
5.11.2 Raw Material Procurement
5.11.3 Primary Processing
5.11.4 Large Scale Industrial Processing
5.11.5 Packaging and Export
5.12 Porters Five Forces Analysis
5.12.2 Bargaining Power of Buyers
5.12.3 Bargaining Power of Suppliers
5.12.4 Degree of Competition
5.12.5 Threat of New Entrants
5.12.6 Threat of Substitutes
5.13 Price Analysis
5.13.1 Key Price Indicators
5.13.2 Price Structure
5.13.3 Price Trends
6 Market Breakup by Type
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Wild Captured
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Producing Region
184.108.40.206 Market Trends
220.127.116.11 Market Forecast
18.104.22.168 Market Trends
22.214.171.124 Market Forecast
126.96.36.199 Market Trends
188.8.131.52 Market Forecast
184.108.40.206 Market Trends
220.127.116.11 Market Forecast
7.1.5 Faroe Islands
18.104.22.168 Market Trends
22.214.171.124 Market Forecast
126.96.36.199 Market Trends
188.8.131.52 Market Forecast
7.2 Wild Captured
7.2.1 United States
184.108.40.206 Market Trends
220.127.116.11 Market Forecast
18.104.22.168 Market Trends
22.214.171.124 Market Forecast
126.96.36.199 Market Trends
188.8.131.52 Market Forecast
184.108.40.206 Market Trends
220.127.116.11 Market Forecast
18.104.22.168 Market Trends
22.214.171.124 Market Forecast
8 Market Breakup by Consuming Region
8.1.1 Market Trends
8.1.2 Market Forecast
8.2.1 Market Trends
8.2.2 Market Forecast
8.3.1 Market Trends
8.3.2 Market Forecast
8.4.1 Market Trends
8.4.2 Market Forecast
8.5.1 Market Trends
8.5.2 Market Forecast
8.6.1 Market Trends
8.6.2 Market Forecast
8.7.1 Market Trends
8.7.2 Market Forecast
9 Market Breakup by Species
9.1.1 Market Trends
9.1.2 Market Forecast
9.2.1 Market Trends
9.2.2 Market Forecast
9.3.1 Market Trends
9.3.2 Market Forecast
9.4.1 Market Trends
9.4.2 Market Forecast
9.5.1 Market Trends
9.5.2 Market Forecast
9.6.1 Market Trends
9.6.2 Market Forecast
10 Market Breakup by End-Product Type
10.1.1 Market Trends
10.1.2 Market Forecast
10.2.1 Market Trends
10.2.2 Market Forecast
10.3.1 Market Trends
10.3.2 Market Forecast
10.4.1 Market Trends
10.4.2 Market Forecast
11 Market Breakup by Distribution Channel
11.1.1 Market Trends
11.1.2 Market Forecast
11.2.1 Market Trends
11.2.2 Market Forecast
12 Competitive Landscape
12.1 Market Structure
12.2 Market Breakup by Key Players
13 Salmon Processing
13.1 Product Overview
13.2 Detailed Process Flow
13.3 Various Types of Unit Operations Involved
13.4 Mass Balance and Raw Material Requirements
13.5 Key Success and Risk Factors
14 Project Details, Requirements and Costs Involved
14.1 Land, Location and Site Development
14.2 Construction Requirements and Expenditures
14.3 Plant Machinery
14.4 Raw Materials Requirements and Expenditures
14.5 Packaging Requirements and Expenditures
14.6 Transportation Requirements and Expenditures
14.7 Utilities Requirements and Expenditures
14.8 Manpower Requirements and Expenditures
14.9 Other Capital Investments
15 Loans and Financial Assistance
16 Project Economics
16.1 Capital Cost of the Project
16.2 Techno-Economic Parameters
16.3 Product Pricing and Margins Across Various Levels of the Supply Chain
16.4 Income Projections
16.5 Expenditure Projections
16.6 Taxation and Depreciation
16.7 Financial Analysis
16.8 Profit Analysis
17 Profiles of Key Players
17.1 Mowi ASA
17.1.1 Company Overview
17.1.2 Company Description
17.1.3 Product Portfolio
17.2 Leroy Seafood Group
17.2.1 Company Overview
17.2.2 Company Description
17.2.3 Product Portfolio
17.3.1 Company Overview
17.3.2 Company Description
17.3.3 Product Portfolio
17.4.1 Company Overview
17.4.2 Company Description
17.4.3 Product Portfolio