Smoked Salmon Market Forecast, 2022-2027

Smoked Salmon Market Size is estimated to reach $7.6 billion by 2027. Furthermore, it is poised to grow at a CAGR of 5.4% over the forecast period of 2022-2027. Smoked Salmon is the preparation of salmon fish or typically its fillets that have been cured and hot or cold smoked. The smoking process increases the flavour and texture of the fish. Salmon is best source for long chain omega-3-fatty acids, eicosapentaenoic acid (EPA) and docosahexaenoic acid (DHA). The salmon has various nutritional advantages as it is rich in omega-3 fatty acids, proteins, vitamins, selenium and potassium which can lower the high blood pressure and heart disease risk. Further the millennials demand for tasty meals that offer nutritional benefits due to their growing health consciousness. The growing trend of consuming organic food products as they are free from harmful chemicals as well as are sustainable has led the manufactures to introduce organic Smoked Salmon. The Smoked Salmon industry has been driven by the growing demand for processed meals that are both convenient and healthy, as a result of consumers' busy lifestyles. Salmon is a nutrient-dense fish that is widely consumed in smoked form, either on its own or as part of a culinary preparation. In addition, the increased demand for seafood, which has a great taste and nutritional value, has assisted market expansion.

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Salmon contains potassium, which aids in blood pressure control and fluid retention prevention and contain selenium, a mineral that may help with bone health, thyroid function, and cancer prevention. Increased demand for ready to eat food, as well as brand awareness advertising by manufacturers, are the fundamental reasons driving the Smoked Salmon sector during the forecast period 2022-2027.

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Smoked Salmon Market Report Coverage

The report: “Smoked Salmon Market Forecast (2022-2027)", by Industry ARC covers an in-depth analysis of the following segments of the Smoked Salmon Market.

By Product Type: Hot Smoked Salmon and Cold Smoked Salmon,

By Distribution Channel: Supermarkets, Hypermarkets, E-commerce websites and Others.

By Geography- North America (U.S., Canada, Mexico), Europe (Germany, United Kingdom (U.K.), France, Italy, Spain, Russia, and Rest of Europe), Asia Pacific (China, Japan India, South Korea, Australia, and New Zealand, and Rest of Asia Pacific), South America (Brazil, Argentina, Chile, Colombia and Rest of South America), and Rest of the World (the Middle East, and Africa).

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Key Takeaways

• Geographically, North America held a dominant market share in the year 2021 to rise in the demand for Smoked Salmon in commercial food industry. However, Asia-Pacific is expected to offer lucrative growth opportunities over the forecast period owing to factors such as rising consumption patterns, growing consumer needs, and others.
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• As a consequence of reasons such as expanding customer interest in trying new nutritious foods and eating on international cuisines, the demand for cold Smoked Salmon has increased substantially. Bleiker's smoke-house in the United Kingdom launched a new brand identity in December 2019 to 're-invigorate' the smoke fish category and attract young consumers. Manufacturers' increasing awareness of the health benefits of Smoked Salmon will help to the market's growth during the forecast period of 2022-2027.
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• However, Smoked Salmon products include moderate levels of mercury and pollutants, which is harmful and is projected to limit the Smoked Salmon Market's growth throughout the forecast period.
• A detailed analysis of strengths, weaknesses, opportunities, and threats will be provided in the Smoked Salmon Market Report.

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Smoked Salmon Industry Outlook

Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the Smoked Salmon Market. The top 10- Smoked Salmon Market companies are-

1. Marine Harvest
2. Salmones Camanchaca
3. Lerøy Seafood Group
4. Delpeyrat
5. UAB Norvelita
6. Meralliance
7. TSIALIOS
8. Grieg Seafood
9. Gottfried Friedrichs KG
10. Acme smoked Fish Corp.

Recent Developments

• In April 2022, International food conglomerate IFF-DuPont is teaming up with Israeli foodTech start-up SimpliiGood by Algaecore Technologies LTD. to develop the first commercial Smoked Salmon analog made entirely from a single ingredient: whole fresh spirulina. The company is climate protection-oriented, growing its spirulina in the desert under controlled, ideal conditions.
• In February 2022, Grieg Seafood BC Ltd announced its Gold River Hatchery Expansion Project is near completion. The project is capitalised with %25 million that will help to double facility’s smolt capacity and allow company to explore fishes in hatchery for longer time; it also reduce time required to mature fish compared to ocean.
• In October 2021, Camanchaca Chile seafood company launched new consumer brands ‘Unico’ to capture domestic Chile market. It launched in wholesale & retail outlets in regional supermarkets, as well as company online point of sales.
• In October 2020, Meralliance completed its expansion of 1200m2 at Quimper based (Finistere) factory in France. Now the site area after expansion is 12000 m2. Company doubled it production workforce in high season. The expansion is with aim to optimize the industrial performance of company.

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