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

List of Tables

The Frozen Salmons Market was valued at USD 27.79 billion in 2023, expected to reach USD 29.50 billion in 2024, and is projected to grow at a CAGR of 6.67%, to USD 43.68 billion by 2030.

The frozen salmon market encompasses the production, distribution, and consumption of salmon that is harvested, processed, and frozen to enhance shelf life while maintaining nutritional value. It covers a variety of salmon species, including Atlantic salmon, Chinook, Coho, and Sockeye, which are used in diverse culinary practices across households, restaurants, and food service industries. The necessity for frozen salmon lies in its long shelf life, nutritional benefits, and convenient availability, making it an important staple for consumers aiming for healthy diets. It is widely applied in ready-to-eat meals, gourmet dishes, and retail food products with end-use spanning from individual consumers to commercial kitchens. Key growth factors include rising consumer awareness of the health benefits of omega-3 acids, the increasing demand for convenient and clean-label foods, and advancements in freezing technology to preserve the quality and taste. Moreover, the shift towards sustainable fishing and farming practices attracts environmentally conscious consumers, opening up new opportunities for responsible sourcing and eco-labeling initiatives. However, the market faces challenges such as fluctuating raw material prices, stringent regulatory standards, and the environmental impact of aquaculture. There are potential innovations in developing eco-friendly packaging, improving supply chain efficiency, and enhancing aquaculture sustainability to address these challenges. Research areas poised for growth include sustainable salmon farming technologies and improving salmon feed efficiency to reduce ecological footprints. Overall, to capitalize on market opportunities, businesses should focus on sustainable practices, technological advancements to preserve product quality, and strategic marketing that emphasizes the health benefits and ethical sourcing of frozen salmon. The frozen salmon market is competitive, with players continuously seeking ways to differentiate through product diversification, packaging innovation, and adherence to quality standards, revealing a nature that's both dynamic and rich with potential for eco-friendly and health-focused innovations.

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%

Market Dynamics: Unveiling Key Market Insights in the Rapidly Evolving Frozen Salmons Market

The Frozen Salmons Market is undergoing transformative changes driven by a dynamic interplay of supply and demand factors. Understanding these evolving market dynamics prepares business organizations to make informed investment decisions, refine strategic decisions, and seize new opportunities. By gaining a comprehensive view of these trends, business organizations can mitigate various risks across political, geographic, technical, social, and economic domains while also gaining a clearer understanding of consumer behavior and its impact on manufacturing costs and purchasing trends.

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

Porter's Five Forces: A Strategic Tool for Navigating the Frozen Salmons Market

Porter's five forces framework is a critical tool for understanding the competitive landscape of the Frozen Salmons Market. It offers business organizations with a clear methodology for evaluating their competitive positioning and exploring strategic opportunities. This framework helps businesses assess the power dynamics within the market and determine the profitability of new ventures. With these insights, business organizations can leverage their strengths, address weaknesses, and avoid potential challenges, ensuring a more resilient market positioning.

PESTLE Analysis: Navigating External Influences in the Frozen Salmons Market

External macro-environmental factors play a pivotal role in shaping the performance dynamics of the Frozen Salmons Market. Political, Economic, Social, Technological, Legal, and Environmental factors analysis provides the necessary information to navigate these influences. By examining PESTLE factors, businesses can better understand potential risks and opportunities. This analysis enables business organizations to anticipate changes in regulations, consumer preferences, and economic trends, ensuring they are prepared to make proactive, forward-thinking decisions.

Market Share Analysis: Understanding the Competitive Landscape in the Frozen Salmons Market

A detailed market share analysis in the Frozen Salmons Market provides a comprehensive assessment of vendors' performance. Companies can identify their competitive positioning by comparing key metrics, including revenue, customer base, and growth rates. This analysis highlights market concentration, fragmentation, and trends in consolidation, offering vendors the insights required to make strategic decisions that enhance their position in an increasingly competitive landscape.

FPNV Positioning Matrix: Evaluating Vendors' Performance in the Frozen Salmons Market

The Forefront, Pathfinder, Niche, Vital (FPNV) Positioning Matrix is a critical tool for evaluating vendors within the Frozen Salmons Market. This matrix enables business organizations to make well-informed decisions that align with their goals by assessing vendors based on their business strategy and product satisfaction. The four quadrants provide a clear and precise segmentation of vendors, helping users identify the right partners and solutions that best fit their strategic objectives.

Strategy Analysis & Recommendation: Charting a Path to Success in the Frozen Salmons Market

A strategic analysis of the Frozen Salmons Market is essential for businesses looking to strengthen their global market presence. By reviewing key resources, capabilities, and performance indicators, business organizations can identify growth opportunities and work toward improvement. This approach helps businesses navigate challenges in the competitive landscape and ensures they are well-positioned to capitalize on newer opportunities and drive long-term success.

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:

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

The report offers a comprehensive analysis of the market, covering key focus areas:

1. Market Penetration: A detailed review of the current market environment, including extensive data from top industry players, evaluating their market reach and overall influence.

2. Market Development: Identifies growth opportunities in emerging markets and assesses expansion potential in established sectors, providing a strategic roadmap for future growth.

3. Market Diversification: Analyzes recent product launches, untapped geographic regions, major industry advancements, and strategic investments reshaping the market.

4. Competitive Assessment & Intelligence: Provides a thorough analysis of the competitive landscape, examining market share, business strategies, product portfolios, certifications, regulatory approvals, patent trends, and technological advancements of key players.

5. Product Development & Innovation: Highlights cutting-edge technologies, R&D activities, and product innovations expected to drive future market growth.

The report also answers critical questions to aid stakeholders in making informed decisions:

1. What is the current market size, and what is the forecasted growth?

2. Which products, segments, and regions offer the best investment opportunities?

3. What are the key technology trends and regulatory influences shaping the market?

4. How do leading vendors rank in terms of market share and competitive positioning?

5. What revenue sources and strategic opportunities drive vendors' market entry or exit strategies?

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. Porter's Five Forces Analysis
- 5.3.1. Threat of New Entrants
- 5.3.2. Threat of Substitutes
- 5.3.3. Bargaining Power of Customers
- 5.3.4. Bargaining Power of Suppliers
- 5.3.5. Industry Rivalry
5.4. PESTLE Analysis
- 5.4.1. Political
- 5.4.2. Economic
- 5.4.3. Social
- 5.4.4. Technological
- 5.4.5. Legal
- 5.4.6. Environmental

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

Companies Mentioned

1. Acme Smoked Fish Holding Corp.
2. Austevoll Seafood ASA
3. Aysencoho
4. Delpeyrat
5. Farne Salmon & Trout Ltd
6. Grieg Seafood
7. High Liner Foods Inc.
8. Highland Farms Ltd.
9. Leroy Fish Group
10. Loki Fish Company
11. Meralliance SAS
12. Mowi ASA
13. Multiexport Foods S.A.
14. Nomad Foods Limited
15. Norvelita
16. Scott & Jon's
17. Storm Seafood Inc.
18. Suempol Sp. Z o.o.
19. Thammachart Seafood
20. UBAGO GROUP MARE SL
21. Young's Seafood Ltd.