Salmon continues to consolidate its spot as the top seafood choice amongst global consumers. The global demand for salmon and its species has remained solid across both traditional and emerging markets. The market's growth is boosted by factors such as growing population, increasing fast-casual restaurants, escalating smolt releases, growing tourism industry, and rising healthcare awareness. A few striking trends like emerging salmon fish harvesting projects, accelerating demand for smoked salmon, increasing per capita consumption of fish, and technological progression are being introduced to overcome the market's challenges. Our study suggests that the Salmon Industry World over is expected to grow with a healthy CAGR of 7.40% during 2020 to 2026.
Key Market Trends:
Globally, Atlantic salmon leads the Salmon Market as the most commonly cultured species of salmon: Atlantic salmon currently represents the most widely consumed salmon species. It is a rich source of proteins, vitamins and omega-3 fatty acids. The production of Atlantic salmon had experienced a steep drop in prices in both Norway and Chile in the first half of 2019. Subsequently, this declining price trend was sharply reversed, and prices soared to near-record heights, primarily attributing to the ever-strengthening demand in traditional and emerging markets such as China read our report for detailed analysis on Salmon Industry Growth Trends.
COVID-19 Impact on Salmon Production
The COVID-19 pandemic has done partial damage to the global salmon fish market. The production volume has declined a bit in the year 2020, compared to 2019. In Chile, the salmon sector had to encounter various challenges correlated with social unrest in the last quarter of 2019; the COVID-19 outbreak has affected foreign trade. As per our research report, the Global Salmon Market Size was valued US$ 30.5 Billion in 2020.
The Market for Global Salmon Fish is moderately competitive, and major players are actively present globally. The industry's competitive landscape has also been examined, with some of the key players like Sea trade, Atlantic Capes Fisheries, Inc, Atalanta Corporation, Ideal Foods Ltd, Sea Delights.
This latest report “Global Salmon Fish Market & Volume by Production, Exporting Countries, Importing Countries, Species, Price Analysis, Company insights (Sea trade, Atlantic Capes Fisheries, Inc, Atalanta Corporation, Ideal Foods Ltd, Sea Delights)” provides a complete analysis of Salmon Industry.
Species Production - Global Salmon Production have been covered from 5 viewpoints:
1. Atlantic salmon
2. Pink Salmon
3. Sockeye Salmon
4. Coho Salmon
5. Others
Exporting Countries - Global Salmon Fish Market, Volume, Price Analysis and Export by Countries and Product have been covered from 7 viewpoints:
1. Norway
2. Chile
3. Sweden
4. United States of America
5. Denmark
6. Poland
7. Other countries
Importing Countries - Global Salmon Fish Market, Volume, Price Analysis and Import by Countries and Product have been covered from 7 viewpoints:
1. Sweden
2. United States of America
3. China
4. Germany
5. Japan
6. Denmark
7. Other countries
All companies have been covered from 2 viewpoints
- Overviews
- Recent Developments
Company Analysis
1. Seatrade
2. Atlantic Capes Fisheries, Inc
3. Atalanta Corporation
4. Ideal Foods Ltd
5. Sea Delights
What is the estimated value of the Global Salmon Market?
What is the growth rate of the Global Salmon Market?
What is the forecasted size of the Global Salmon Market?
Who are the key companies in the Global Salmon Market?
| Report Attribute | Details |
|---|---|
| Published | May 2021 |
| Forecast Period | 2020 - 2026 |
| Estimated Market Value ( USD | $ 30.5 Billion |
| Forecasted Market Value ( USD | $ 46.8 Billion |
| Compound Annual Growth Rate | 7.4% |
| Regions Covered | Global |
| No. of Companies Mentioned | 5 |
Table of Contents
Companies Mentioned
- Seatrade
- Atlantic Capes Fisheries, Inc
- Atalanta Corporation
- Ideal Foods Ltd
- Sea Delights
Methodology
In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.
Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.
Primary Research
The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develop the analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth, and forecast
The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:
- Chief executives and VPs of leading corporations specific to the industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
- Key opinion leaders (KOLs)
Secondary Research
The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, webcasts, and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
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