Frozen Salmons Market by Product (Fillet Frozen Salmon, Smoked Frozen Salmon, Whole Frozen Salmon), Distribution Channel (Offline, Online), End-User - Global Forecast 2024-2030

Frozen Salmons Market by Product (Fillet Frozen Salmon, Smoked Frozen Salmon, Whole Frozen Salmon), Distribution Channel (Offline, Online), End-User - Global Forecast 2024-2030

The Frozen Salmons Market size was estimated at USD 27.79 billion in 2023 and expected to reach USD 29.50 billion in 2024, at a CAGR 6.67% to reach USD 43.68 billion by 2030.

The frozen salmon market includes various types of salmon, such as Atlantic, Chinook, Coho, Sockeye, and Pink, which are either caught or farmed, then frozen and sold to customers. Increasing health awareness about the nutritional benefits of salmon, the convenience and extended shelf life of frozen products, advancements in global supply chains, and rising disposable incomes significantly drive market growth. However, the market faces challenges such as supply chain disruptions caused by external factors, regulatory compliance issues due to varying international standards, market saturation in developed regions, and consumer preferences for fresh over frozen salmon. Moreover, the rise of online retail platforms, adoption of sustainable fishing and aquaculture practices, and development of value-added products such as pre-marinated or pre-cooked frozen salmon to meet the demand for convenience foods presents opportunities for market expansion.

Regional Insights



In the Americas region, consumer demand in the United States is bolstered by the quest for convenient and nutritious food options, emphasizing high-quality, sustainably sourced products. Similarly, Canada's market is fueled by rich natural resources and a strong focus on sustainable fishing, with a consumer preference for local and organic offerings underscoring a dedication to environmental conservation. The European Union, led by aquaculture giants like Norway, values quality, sustainability, and traceability, reflecting robust consumer demand for responsibly sourced frozen salmon. The Middle East region shows a growing demand for premium seafood, fueled by rising disposable incomes and a trend towards healthier eating. Meanwhile, Africa's market is poised for growth driven by urbanization, increasing incomes, and a better understanding of seafood's nutritional benefits. In Asia, China displays significant growth potential due to rising health awareness and the influence of Western cuisines, and e-commerce channels are pivotal for distribution. Japan's entrenched seafood culture maintains a steady demand for high-quality, convenient frozen salmon, essential for traditional dishes. India's market, while nascent, is driven by increasing incomes and an evolving palate that appreciates global cuisines and the health benefits of salmon.

Market Insights



Market Dynamics



The market dynamics represent an ever-changing landscape of the Frozen Salmons Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers


Growing awareness regarding the health benefits of salmon
Prolong shelf life and convenience of handling and storage
Expansion of retail and e-commerce sector globally

Market Restraints


Constraints due to product recalls

Market Opportunities


Continuous improvements in freezing technology and storage solutions
Increasing Investment in Aquaculture R&D

Market Challenges


Varying international regulations on food safety and quality standards

Market Segmentation Analysis


Product: Increasing Preference For Smoked Frozen Salmon As Premium Seafood
End-User: Exploring Surged Usage Among Food Service Establishments Due To Year-Round Availability

Market Disruption Analysis


Porter’s Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis

FPNV Positioning Matrix



The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Frozen Salmons Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis



The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Frozen Salmons Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments




Scott & Jon’s Expands Portfolio with New Microwavable Salmon Bowls

Scott & Jon’s, known for its frozen shrimp entrees, is expanding its convenience-focused offerings with new microwavable salmon bowls. These bowls contain Atlantic salmon, known for its lean protein and omega-3 fatty acids, and come in two flavors, including Honey Sesame, featuring white rice, a vegetable medley, and a honey sesame sauce, and Mediterranean Herbs, which includes brown rice, quinoa, and a blend of herbs and vegetables.


High Liner Foods Invests in And Fjord Salmon Group to Expand Sustainable Atlantic Salmon Operations

High Liner Foods has acquired a 4.5% stake in Norway's Andfjord Salmon Group for CAD 10 million, funded through operational cash. This investment supports Andfjord's capital raise and is expected to close within the month. Andfjord specializes in processing Atlantic salmon using sustainable techniques, including homemade natural plankton feed and energy-efficient natural flow technology.


Laxey Secures EUR 40 Million Funding and Partnership with Skretting to Advance Sustainable Salmon Farming in Iceland

Icelandic land-based salmon farming startup Laxey has successfully secured an additional EUR 40 million in funding and entered a strategic partnership with Skretting. The funding was provided by Blue Future Holding, a part of the German family-owned conglomerate EW Group and Nutreco, Seaborn, Kjartan Ólafsson, an unnamed Dutch industrial seafood company, and multiple pension funds, including Almenni, Festa, and Westman Islands funds, along with Snaebol.

Strategy Analysis & Recommendation



The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Frozen Salmons Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles



The report delves into recent significant developments in the Frozen Salmons Market, highlighting leading vendors and their innovative profiles. These include Acme Smoked Fish Holding Corp., Austevoll Seafood ASA, Aysencoho, Delpeyrat, Farne Salmon & Trout Ltd, Grieg Seafood, High Liner Foods Inc., Highland Farms Ltd., Leroy Fish Group, Loki Fish Company, Meralliance SAS, Mowi ASA, Multiexport Foods S.A., Nomad Foods Limited, Norvelita, Scott & Jon’s, Storm Seafood Inc., Suempol Sp. Z o.o., Thammachart Seafood, UBAGO GROUP MARE SL, and Young's Seafood Ltd..

Market Segmentation & Coverage



This research report categorizes the Frozen Salmons Market to forecast the revenues and analyze trends in each of the following sub-markets:

Product
Fillet Frozen Salmon
Smoked Frozen Salmon
Whole Frozen Salmon
Distribution Channel
Offline
Online
End-User
Food Service Restaurants
Household Consumers
Region
Americas
Argentina
Brazil
Canada
Mexico
United States
California
Florida
Illinois
New York
Ohio
Pennsylvania
Texas
Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam
Europe, Middle East & Africa
Denmark
Egypt
Finland
France
Germany
Israel
Italy
Netherlands
Nigeria
Norway
Poland
Qatar
Russia
Saudi Arabia
South Africa
Spain
Sweden
Switzerland
Turkey
United Arab Emirates
United Kingdom

Please Note: PDF & Excel + Online Access - 1 Year