Latest News:- Salmon Market: Offline is expected to lead the Distribution Channel segment during 2024-2028

Salmon Market to grow at a CAGR of 4.5% during 2024-2028

The Salmon Market is expected to grow at a CAGR of 4.5% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 5322.5 million. In the health sector, the significance of omega-3 fatty acids is increasingly recognized due to their cardiovascular benefits and role in promoting eye and brain health. Pharmaceutical companies are capitalizing on this trend by boosting sales of omega-3 supplements. Omega-3 fatty acids are crucial during pregnancy, serving as essential building blocks for fetal brain and retina development. Additionally, they may influence pregnancy length and aid in preventing perinatal depression. The growing demand for omega-3 fatty acids will positively impact the salmon market, as salmon is a rich source of these essential nutrients. 

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The Offline subsegment is expected to dominate the Distribution Channel segment during the forecast period 

Technavio analysts predict that the Offline subsegment will lead the Distribution Channel segment during 2024 and 2028 The offline distribution channel holds a substantial market share in the global salmon industry, catering to a significant portion of sales. This dominance can be attributed to the instant gratification offered by offline retailers, enabling customers to purchase salmon products immediately, thereby avoiding the time delays inherent in online shopping. Furthermore, these traditional stores provide valuable opportunities for consumers to engage with knowledgeable staff, who offer expert advice on selecting premium salmon, fostering customer loyalty through personalized service. The ability to physically examine products prior to purchase is another crucial advantage, empowering consumers to ensure the purchased salmon meets their stringent quality standards.

Here are the various ways based on which the market is segmented: 

• Distribution Channel
  • Offline
  • Online
• Geography
  • APAC
  • Europe
  • North America
  • South America
  • Middle East and Africa

Reasons to Purchase the Global Salmon Market Market Research Report by Technavio. What is in it for you?

• Wealth of Experience: Technavio is an established name in the world of market research. It holds an expertise of more than 20 years in the field, has published 21,000+ reports thereby extensively covering the area in various industries and range of regions
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There are several factors that are causing the market to flourish rising health consciousness

Learn which are the obstacles that the market is experiencing in the way of its growth by accessing the free PDF report

Research Analysis Overview

The Salmon market is a significant segment of the seafood industry, with a growing focus on dietary habits and nutritional value. Pacific Salmon, a popular choice for its high-quality protein and micronutrients, is farmed using methods like salmon farming and aquaculture. These farming techniques have enabled the production of a wide range of salmon products, including freeze-dried, canned fish, sashimi, sushi, prepared seafood kits, and food service offerings. The nutritional focus on salmon is driven by its rich content of omega-3 fatty acids, vitamins, and minerals. Salmon farming and aquaculture have evolved to prioritize sustainability and eco-friendly practices, such as sustainable salmon and aquaponics. These methods minimize the environmental impact while maintaining the high-quality standards of salmon. The versatility of salmon extends to various forms like hot smoked salmon, freeze-dried salmon, and frozen salmon, catering to the convenience food market. As the popularity of healthy food products continues to rise, salmon remains a top choice for those seeking protein-rich and nutritious meals.

Market Research Overview

The global packaged foods and meats market encompasses vendors engaged in food processing to ensure microbial elimination and shelf life extension. According to Technavio, the market's size is determined by the consolidated revenue generated by participating industry players. This market segment excludes food processing equipment manufacturers and producers of packaged alcoholic and non-alcoholic beverages, including mineral waters. Key growth drivers for the global packaged foods and meats market include the health benefits associated with consuming minimally processed foods, such as vegetables, which are rich sources of essential nutrients like potassium, dietary fiber, folate (folic acid), vitamin A, and vitamin C.

The Salmon Market is experiencing significant growth, fueled by the rising health consciousness. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

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Technavio Research
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