Salmon Fish Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2021-2031

The Global Salmon Fish Market will grow from USD 19.57 Billion in 2025 to USD 31.35 Billion by 2031 at a 8.17% CAGR. The Global Salmon Fish Market centers on the trade of anadromous species, chiefly Atlantic and Pacific salmon known for their omega-3 and protein density. This industry growth is propelled by an increasing global awareness of seafood's cardiovascular advantages and logistical advancements in aquaculture that ensure consistent supply regardless of wild capture seasons. Highlighting the immensity of this trade, the Norwegian Seafood Council reported that Norway exported 1.2 million tonnes of salmon worth NOK 122.5 billion in 2023.

However, the market faces significant hurdles due to biological difficulties, particularly sea lice and pathogens that degrade fish health and reduce harvest volumes. These biological threats necessitate that regulatory authorities enforce rigorous biomass caps to limit environmental harm, which effectively restricts production capabilities. Consequently, these limitations prevent the supply chain from fully meeting the rapidly increasing global demand.

Market Drivers

A primary catalyst for market growth is the rising consumer knowledge regarding the nutritional advantages of omega-3 fatty acids, prompting health-focused individuals to replace traditional red meats with high-protein, heart-healthy salmon. This shift is especially strong in emerging economies where growing disposable incomes facilitate the purchase of premium proteins linked to wellness and longevity. Data from the Norwegian Seafood Council in August 2025 illustrates this trend, showing that China's salmon category grew by 39% in the first half of the year due to a strong demand for fresh fillets appropriate for raw consumption.

Furthermore, the advancement of sustainable commercial aquaculture is crucial for scaling the industry amidst stagnant wild capture fisheries. Leading producers are committing significant resources to sophisticated cage technologies and operational improvements to reduce biological risks and boost biomass production, thereby securing a steady supply for international markets. Mowi’s 'Q4 2024 Trading Update' from January 2025 reported a record annual harvest of 502,000 tonnes for 2024, a 5.7% year-over-year increase, while Salmon Scotland noted in February 2025 that international sales of Scottish salmon hit a record GBP 844 million in 2024, demonstrating the sector's economic strength.

Market Challenges

The primary obstacle to growth in the Global Salmon Fish Market is the prevalence of biological issues, specifically sea lice and pathogens, which compromise fish health and lower survival rates, thereby reducing harvestable biomass. Aside from immediate inventory losses, these outbreaks prompt rigorous regulatory actions where licensing bodies use lice levels to dictate production limits. If infestation levels surpass set thresholds, regulators enforce strict biomass caps or "traffic light" restrictions that prohibit stocking increases, creating a production bottleneck defined by biological health rather than consumer demand.

Recent statistics highlight the severe economic impact of these constraints; the Norwegian Directorate of Fisheries reported that around 57.8 million farmed salmon were lost during the sea phase in 2024. This significant mortality not only causes direct revenue loss but also indicates a failure to meet the biological standards required for expansion. As a result, the industry faces difficulties in scaling its supply chain to meet growing global consumption, leading to volume stagnation despite the market's high value potential.

Market Trends

The adoption of Land-Based Recirculating Aquaculture Systems (RAS) marks a significant evolution aimed at bypassing the biological constraints of conventional net-pen farming. By moving operations to controlled onshore facilities, producers can avoid sea lice and pathogen exposure while enhancing water quality to speed up growth. Transitioning from pilot projects to commercial operations, this approach offers a dependable output unaffected by the volatile coastal conditions that limit traditional supply. Salmon Evolution’s 'Q4 2024 Operational Update' from January 2025 confirmed the viability of this model, reporting a total annual harvest of 4,891 tonnes HOG in 2024.

Concurrently, there is a marked increase in value-added and ready-to-cook convenience products, catering to consumers seeking high-quality seafood that requires little preparation. Processors are broadening their offerings to include smoked, pre-marinated, and portioned items, which allows them to secure higher margins and reduce reliance on fluctuating whole fish commodity prices. This shift meets retail demand for healthy, convenient meal solutions, as evidenced by Mowi’s 'Q4 2024 Report' in February 2025, which noted a record performance in its Consumer Products division with 247,333 tonnes sold for the year, validating the strategic move toward processed goods.

Key Players Profiled in the Salmon Fish Market

• Leroy Seafood Group ASA
• SalMar ASA
• Cermaq Group AS
• Mowi ASA
• P/F Bakkafrost Holding
• SEA DELIGHT LLC
• Nordlaks AS
• Atlantic Sapphire ASA
• Ideal Foods Ltd.
• BluGlacier, LLC

Report Scope

In this report, the Global Salmon Fish Market has been segmented into the following categories:

Salmon Fish Market, by Species:

• Atlantic/ Aquaculture
• Pacific

Salmon Fish Market, by Form:

• Fresh
• Frozen
• Others

Salmon Fish Market, by Region:

• North America
• Europe
• Asia-Pacific
• South America
• Middle East & Africa

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Salmon Fish Market.

Available Customization

The analyst offers customization according to your specific needs. The following customization options are available for the report:

• Detailed analysis and profiling of additional market players (up to five).

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