Global Smoked Salmon Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Smoked Salmon Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Smoked salmon is a preparation of salmon, typically a fillet that has been cured and hot or cold smoked. Due to its moderately high price, smoked salmon is considered a delicacy. Although the term lox is sometimes applied to smoked salmon, they are different products.

Market Overview:

The latest research study on the global Smoked Salmon market finds that the global Smoked Salmon market reached a value of USD 5310.6 million in 2022. It’s expected that the market will achieve USD 7064.01 million by 2028, exhibiting a CAGR of 4.87% during the forecast period.

Rising demand for seafood has an impact on prices

Since smoked salmon does not require significant preparation time, its popularity has been increasing. Asia Pacific, Eastern Europe, Africa, and Latin America have increased disposable income and increased working-class numbers. The integration of this product has benefited a lot from restaurants and hotels in Japan, China, Australia, New Zealand, and other countries. In addition, due to the convenience of processing seafood in RTE packaging, product demand has also increased.

North America and Europe have also boosted the smoked salmon market with extensive financial support. Several countries in both regions have high incomes. In the US, UK, France, Denmark, Spain, Germany, etc., these countries spend a lot of money to upgrade their equipment and strengthen the smoked salmon market. These factors have stimulated the demand for smoked salmon to a certain extent, and the increase in demand has affected the fluctuation of prices.

The presence of sea lice hinders market growth and affects price fluctuations

The global salmon farming industry has been struggling with the serious economic, animal welfare and ecological impacts of sea lice infestation, which has prevented salmon farming from realizing its true potential. And it could drive down the price of salmon. Sea lice (Lepeophtheirus salmon and Caligus genus) settle on their hosts as free-moving larvae, firmly attaching to and feeding on salmon. They cause physical harm and stress to fish and adversely affect growth and performance. Studies have shown that infecting ten to twelve lice10 can have fatal consequences. Lice forage by grazing on the surface of fish and swallowing mucus and skin. Large numbers of lice can quickly cause fins to fall off, severe scarring, secondary infections, and timely death. Severe intrusion can lead to secondary infections and mass deaths. Sea lice have been around for millions of years and have adapted well to salmon-dependent lives. They are difficult to control and can quickly build up resistance to the chemical treatments used to eradicate them.

Sea lice are not harmful to humans, but even small-scale infestations can make salmon unmarketable. Therefore, this is one of the main factors holding prices back.

Region Overview:

Europe dominated the Smoked Salmon market in 2021, with a market share of 83.91%.

Company Overview:

Mowi (Former Marine Harvest) is one of the major players operating in the Smoked Salmon market, holding a share of 19.23% in 2022.

Mowi (Former Marine Harvest)

Marine Harvest Norway AS produces and sells seafood products. The Company offers salmon, white halibut, white fish, coated, smoked, and other seafood. Marine Harvest Norway markets its products to food retailers and restaurants worldwide.

Labeyrie

Labeyrie S.A. operates in the food industry. The company engages in the purchase, preparation, manufacture, packaging, and wholesale or retail sale of food products primarily in France. The company's products principally include foie gras, smoked salmon, fish and fish roe, fruits, and vegetables. It also operates a restaurant with bar. The company is based in St-Vincent-de-Tyrosse, France. Labeyrie S.A. is a subsidiary of SIF Group.

Segmentation Overview:

By type, Cold-smoke segment accounted for the largest share of market in 2021.

Application Overview:

The market's largest segment by application is the segment Retail Sector, with a market share of 45.55% in 2021.

Key Companies in the global Smoked Salmon market covered in Chapter 3:

Labeyrie
Martiko
Mowi (Former Marine
Young’s Seafood
Farne Salmon & Trout Ltd
Ubago Group
Suempol
ACME Smoked Fish
Thai Union (MerAlliance)
Delpeyrat
Norvelita
Trident Seafoods
Grieg Seafood
Harvest)
Gottfried Friedrichs
Milarex
Multiexport Foods

In Chapter 4 and Chapter 14.2, on the basis of types, the Smoked Salmon market from 2018 to 2029 is primarily split into:

Hot-smoke
Cold-smoke

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Smoked Salmon market from 2018 to 2029 covers:

Food Service Sector
Retail Sector

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)