Salmon Market:
Executive Summary
As per a new report, the global salmon market is expected to witness steep growth in the approaching years. Salmon belongs to the family Salmonidae and are mostly found in the northern Atlantic and Pacific oceans. Most of the types of salmon are born in fresh water, migrate to the sea, and then again return back to freshwater to reproduce. Salmon market is showing considerable growth due to increasing demand for seafood in emerging and developing nations and increasing population.
Moreover, changes eating preferences is increasing the demand for healthy and nutritious food and growing disposable income will further drive the Salmon market globally. Over the past few years, there has been a surge in the per capita consumption of protein which has resulted in the growing preference for fish as compared to animal meat as fish is a rich source of protein. This is one of the most influencing factors which is driving the market size and will continue to grow in the future as well.
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Apart from this, salmon also has high levels of omega-3 fats, EPA and DHA which thus makes it a popular food product especially among the health-conscious people as it is highly beneficial for decreasing the risk of heart diseases, diabetes and obesity. Salmon is used for grilling, broiling, poaching, pickling, roasting, smoking as well and can be used to prepare variety of food items including burgers, tartar, salads and several pasta dishes etc which in turn is increasing the demand of global salmon.
Market Segmentation
The market for global salmon has been segregated into species, end products and distribution channels. Based on the species, the market has divided into Atlantic, Pink, Chum, Sockeye, Coho among others. Amongst all, the Atlantic salmon represents the most popular species amongst the consumers. Based on the end products, the market has been segmented into Frozen, Fresh, Canned and Others. Based on the Distribution Channel, the global salmon market has been categorized into Food Services and Retail.
Detailed Regional Analysis
The global salmon market has been analysed across the United States, Europe, India, Japan, China, Southeast Asia and Middle East & Africa (MEA). The North American market is showing remarkable growth, which is mainly due to increasing demand for healthy food alternatives and amongst the countries, the US and France holds the largest share in the Global Salmon Market in 2018 and is continue to hold significant share in the future as well. Meanwhile, the salmon market in APAC region is also showing noticeable growth which is mainly due to changing eating habits, rising income, and easier availability of different types of fishes across the region which is further fuelling its market size greatly. The report consists of movements in Salmon’ major exporting countries such as Norway, Chile, Sweden, Denmark, Poland and Others
Competitive Landscape
Surge in demand of salmon market is inspiring key players to enhance their market presence and the competitive landscape of the global market has also been examined with some of the leading key players that are operating in the market. In order to hold maximum of the existing opportunity, key players are adopting various different strategies and might enter into agreements or tie-ups with other companies in the in the coming years.
Continuous…
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