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

The Salmon Market is being driven by Rising health consciousness

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. The burgeoning health consciousness trend has led to a significant surge in demand for omega-3 fatty acids. These essential nutrients, known for their cardiovascular benefits, are increasingly being recognized for their role in promoting eye and brain health. In the pharmaceutical sector, this has translated into increased sales efforts. Moreover, during pregnancy, omega-3 fatty acids serve as crucial building blocks for the fetus's brain and retina, potentially influencing pregnancy length and reducing perinatal depression risks. This growing awareness and demand for omega-3 fatty acids will undoubtedly contribute to the expanding salmon market, as salmon is a rich source of these essential nutrients. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Distribution Channel
  • Offline
  • Online
• Geography
  • APAC
    • China
  • Europe
    • UK
    • Denmark
  • North America
    • US
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Rising health consciousness
• Rising popularity of seafood
• Increased demand for wild-caught Alaskan salmon

However, the market also witnesses some limitations, which are as follows:

• Rising veganism
• Lack of skilled workforce to operate aquaculture
• Stringent regulations associated with fish catching

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Market Scope in Salmon Market Research Report

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Research Analysis Overview

The Salmon market encompasses various species including Atlantic Salmon, Pacific Salmon, Chinook Salmon, Coho Salmon, Sockeye Salmon, Pink Salmon, and King Salmon. Salmon farming practices, feed efficiency, disease prevention, genetics research, and technology advancements shape the industry. Processing methods, value-added products, and by-products are key areas of focus. Market volatility, price fluctuations, trade agreements, and consumption trends influence demand. Dietary guidelines, health benefits, sustainability initiatives, certification standards, and labeling regulations ensure transparency. Aquaculture regulations, ecosystem management, habitat restoration, migration routes, spawning grounds, conservation organizations, research institutions, data collection, population monitoring, stock assessment, management plans, fishery management, fishing regulations, and catch limits are crucial aspects of the Salmon industry. Bycatch management is also an essential consideration.

Market Research Overview

The global market for packaged salmon and processed fish products encompasses vendors engaged in the transformation and preservation of salmon, ensuring food safety and extended shelf life. According to Technavio's market analysis, the market's size is determined by the consolidated revenue of the participating entities. This market scope excludes equipment manufacturing companies and producers of packaged beverages, including alcoholic and non-alcoholic beverages. Key growth drivers for the global packaged salmon market include the health advantages linked to the consumption of minimally processed foods, such as farmed and wild salmon, which are rich in essential nutrients like potassium, dietary fiber, folate, vitamin A, and vitamin C. Salmon processing, packaging, distribution, retail, and consumption are integral components of this dynamic market. Sustainability practices in salmon farming further bolster the market's growth potential.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/