Global Salmon Market Report

Date: 1 August 2019

According to a research report published by Azoth Analytics in July 2019, the Global Salmon Market was valued at USD 14764.17 Million in the year 2018. Key responsible factors for high demand of Salmon are growing demand for protein rich products, rising consumption of sea food, growing concern related to healthier lifestyle and declining prices of salmon are major factor supporting the market.

The Azoth Analytics research report titled Global Salmon Market has analysed and segmented the Salmon Market. The report has also analysed the Salmon Market By Species Type (Atlantic, Pink, Chum/Dog, Sockeye, Coho, Others) By Cultivation (Farmed and Wild), By Distribution Channel (Food Services and Retail) By End Product (Frozen, Fresh, Canned, Others). The global salmon market has been assessed By Region (Americas, Europe, Asia Pacific, ROW-Middle East & Africa) and By Country (U.S, Canada, Brazil, Germany, France, Italy, United Kingdom, China, Japan, South Korea) for the historical period of 2014-2018 and the forecast period of 2019-2024.

Surging number of manufacturers, increasing government expenditure towards healthcare industry and rising number of patients globally has been impelling the market for stethoscope. Rising investment towards the development of technologically advance equipment’s owing to increasing awareness among medical professionals and patients has been major factor backing the growth of stethoscope market globally.  

Shifting consumer preference from conventional food to seafood, rising awareness in relation to healthier food has been major factor contributing in the growth of Salmon market. Presence of essential ingredients such as omega3, vitamins A&D are major factors contributing in the increase consumption of salmon among health couscous consumers. Further, growing preference towards ready to eat and quick to eat food among young population is backing the growth in global salmon market. Surging number of salmon farms has been major factor affecting the price in global market during the period of 2019-2024.

Amongst the assortment of various geographical regions, Europe salmon market has been outperforming all others. Rising health awareness among consumers, revival in economic conditions, growing demand for frozen salmon, increasing consumption among food service industry surging organic production of Atlantic salmon are major factors backing the growth of salmon market in the region. Additionally, growing number of food processing industry in the region along with increasing imports from Asia Pacific region has been contributing in the growth of salmon industry in the region.