Frozen Salmons Market by Product, Distribution Channel, End-User

List of Tables

[180 Pages Report] 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.

KEY MARKET STATISTICS
Base Year [2023]	USD 27.79 billion
Estimated Year [2024]	USD 29.50 billion
Forecast Year [2030]	USD 43.68 billion
CAGR (%)	6.67%

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. [Published On: 2024-05-01]

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. [Published On: 2024-04-23]

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 Olafsson, an unnamed Dutch industrial seafood company, and multiple pension funds, including Almenni, Festa, and Westman Islands funds, along with Snaebol. [Published On: 2024-04-22]

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

Product Code: MRR-3A68B83977E1

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Growing awareness regarding the health benefits of salmon
  - 5.1.1.2. Prolong shelf life and convenience of handling and storage
  - 5.1.1.3. Expansion of retail and e-commerce sector globally
- 5.1.2. Restraints
  - 5.1.2.1. Constraints due to product recalls
- 5.1.3. Opportunities
  - 5.1.3.1. Continuous improvements in freezing technology and storage solutions
  - 5.1.3.2. Increasing Investment in Aquaculture R&D
- 5.1.4. Challenges
  - 5.1.4.1. Varying international regulations on food safety and quality standards
5.2. Market Segmentation Analysis
- 5.2.1. Product: Increasing Preference For Smoked Frozen Salmon As Premium Seafood
- 5.2.2. End-User: Exploring Surged Usage Among Food Service Establishments Due To Year-Round Availability
5.3. Market Disruption Analysis
5.4. Porter's Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis

6. Frozen Salmons Market, by Product

6.1. Introduction
6.2. Fillet Frozen Salmon
6.3. Smoked Frozen Salmon
6.4. Whole Frozen Salmon

7. Frozen Salmons Market, by Distribution Channel

7.1. Introduction
7.2. Offline
7.3. Online

8. Frozen Salmons Market, by End-User

8.1. Introduction
8.2. Food Service Restaurants
8.3. Household Consumers

9. Americas Frozen Salmons Market

9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States

10. Asia-Pacific Frozen Salmons Market

10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam

11. Europe, Middle East & Africa Frozen Salmons Market

11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom

12. Competitive Landscape

12.1. Market Share Analysis, 2023
12.2. FPNV Positioning Matrix, 2023
12.3. Competitive Scenario Analysis
- 12.3.1. Scott & Jon's Expands Portfolio with New Microwavable Salmon Bowls
- 12.3.2. High Liner Foods Invests in And Fjord Salmon Group to Expand Sustainable Atlantic Salmon Operations
- 12.3.3. Laxey Secures EUR 40 Million Funding and Partnership with Skretting to Advance Sustainable Salmon Farming in Iceland
12.4. Strategy Analysis & Recommendation

13. Competitive Portfolio

13.1. Key Company Profiles
13.2. Key Product Portfolio