The global salmon market was valued at 3.7 Million Tons in 2024 and is projected to reach 4.8 Million Tons by 2033, growing at a CAGR of 3.0% during 2025-2033. The expanding market is driven by rising seafood consumption, advancements in aquaculture technologies, and increasing demand for value-added salmon products. The European Union leads consumption with over 46.3% market share in 2024, supported by strong supply chains and health awareness.
Study Assumption Years
- Base Year: 2024
- Historical Years: 2019-2024
- Forecast Period: 2025-2033
Salmon Market Key Takeaways
- The global salmon market size was 3.7 Million Tons in 2024.
- The market is projected to grow at a CAGR of 3.0% from 2025 to 2033.
- The forecast period for growth is 2025 to 2033.
- Farmed salmon dominates with approximately 75.51% market share in 2024.
- Atlantic salmon leads species with around 63.7% market share in 2024.
- Frozen salmon accounts for around 58.3% of the market in 2024.
- Food service is the leading distribution channel with about 66.6% market share in 2024.
- European Union dominates consumption with over 46.3% market share in 2024.
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Market Growth Factors
The increasing global consumption of seafood is a primary driver of growth in the salmon market. Consumers are becoming more health-conscious and actively shifting toward protein-rich diets that offer functional health benefits. Salmon is widely recognized for its high omega-3 fatty acid content, superior protein profile, and cardiovascular health advantages, making it a preferred choice among health-focused consumers. Growing awareness around preventive healthcare, clean eating habits, and balanced nutrition is further accelerating demand across developed and developing regions. Additionally, dietary recommendations from health organizations and rising popularity of pescatarian and flexitarian diets are reinforcing salmon consumption, supporting sustained market expansion during the forecast period.
Rising disposable incomes, particularly in emerging economies, are significantly boosting salmon market growth. Rapid urbanization, changing lifestyles, and expanding middle-class populations are increasing consumers’ purchasing power and willingness to spend on premium food products. Salmon, once considered a luxury item, is increasingly accessible due to improved cold-chain infrastructure and modern retail penetration. Supermarkets, hypermarkets, and online grocery platforms are enabling wider product availability, while exposure to global cuisines is driving demand for imported and farmed salmon varieties. As consumers seek higher-quality, nutritious, and convenient food options, salmon consumption continues to rise, strengthening market share across Asia-Pacific, Latin America, and the Middle East.
The escalating demand for value-added salmon products is a key factor propelling market growth. Busy lifestyles and increasing preference for convenient meal solutions have led to higher consumption of processed salmon such as smoked, frozen, canned, marinated, and ready-to-cook formats. Foodservice expansion, including restaurants, quick-service chains, and meal-kit providers, is further stimulating demand for standardized and portion-controlled salmon products. Moreover, advancements in processing technologies and packaging solutions are extending shelf life while maintaining product quality. Innovation in flavors, seasonings, and product formats is attracting new consumer segments, supporting higher margins and long-term growth opportunities for salmon producers and distributors.
Market Segmentation
By Type:
- Farmed: Accounts for approximately 75.51% market share in 2024. Farmed salmon is produced in controlled aquaculture environments, allowing a consistent year-round supply, superior quality control, and enhanced omega-3 content, meeting market demands sustainably.
- Wild Captured: Also significant but less than farmed. The wild salmon supply is seasonal and influenced by environmental factors.
By Species:
- Atlantic: Leads with about 63.7% of market share in 2024. Known for its versatile mild flavor and tender texture, it is widely accepted globally and easily farmed in controlled environments.
- Pink, Chum/Dog, Coho, Sockeye, Others:* Other species contribute but details beyond Atlantic are not provided.
By End Product Type:
- Frozen: Dominates with roughly 58.3% market share in 2024. Frozen salmon offers convenience, longer shelf life, and easier transportation compared to fresh, enabling broader market reach.
- Fresh, Canned, Others: Present but with no specific data in source.
By Distribution Channel:
- Foodservice: Leads with approximately 66.6% market share in 2024. Salmon's versatility makes it popular in various dining establishments, with convenience and bulk procurement advantages driving demand.
- Retail: Also a key channel but with no specific market share data extracted.
Regional Insights
The European Union dominates salmon consumption with more than 46.3% market share in 2024. This leadership is supported by strong cultural seafood affinity, proximity to major producers like Norway and Scotland, and high disposable incomes enabling premium salmon purchases. The EU benefits from well-established supply chains, cold storage infrastructure, and favorable trade agreements, fostering stable market growth and consumer trust.
Recent Developments & News
- February 2025: Salmon Evolution, in partnership with Lofotprodukt, launched Norway's first smoked salmon from a land-based facility under the premium Lofoten brand, available in Meny and Spar stores, marking sustainable seafood innovation.
- February 2025: Dutch group Pan Ocean Aquaculture (POA) announced plans for a salmon-producing vessel utilizing a fully-enclosed aquaculture system for ocean farming.
- July 2024: Captain Fresh acquired Koral, a Polish branded salmon product company, to expand global reach and supply chain capabilities.
- March 2024: Eleven salmon farmers in Chile collaborated with industry and government to improve vaccine availability, aiming to reduce antibiotic use and bacterial diseases in salmon farming.
Key Players
- AquaChile S.A. (Agrosuper S.A.)
- Atlantic Sapphire
- Australis Seafoods
- Bakkafrost P/F
- BluGlacier, LLC
- Camanchaca S.A.
- Cermaq Group AS (Mitsubishi Corporation)
- Grieg Seafood ASA
- Lerøy Seafood Group ASA
- Mowi ASA
- SalMar ASA
- Tassal Group Limited (Cooke Aquaculture Inc.)
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