Salmon Market Size and Share

Salmon Market (2026 - 2031)

Salmon Market Analysis by Mordor Intelligence

The salmon market size reached USD 18.3 billion in 2026 and is projected to climb to USD 25.9 billion by 2031, advancing at a 7.2% CAGR. This growth rate reflects the rapid build-out of land-based recirculating aquaculture systems that slash freight and disease‐management costs, placing output within a day’s drive of major retail hubs. Norway remained the benchmark producer in 2025, equivalent to 1.4 million metric tons and a significant share of global value, but rising capacity in Saudi Arabia, the United Arab Emirates, and China is steadily rebalancing regional weightings. Feed innovations that cut feed conversion ratios by 10% are cushioning producers against fishmeal price swings exceeding 25% year-over-year. At the same time, regulatory biomass caps in Norway, Scotland, and Canada steer investment toward offshore licenses and closed-containment modules, underpinning a more diversified global supply base.

Key Report Takeaways

  • By geography, Europe led the salmon market size in 2025, accounting for 56.0%, and the Middle East is anticipated to grow at a 9.4% CAGR through 2031.

Note: Market size and forecast figures in this report are generated using Mordor Intelligence’s proprietary estimation framework, updated with the latest available data and insights as of January 2026.

Geography Analysis

Europe is projected to account for 56.0% of the salmon market value in 2025, with Norway contributing the largest share due to sustained export demand and premium pricing driven by tight global supply. The region's growth through 2031 is influenced by regulatory constraints on biomass expansion, particularly Norway's traffic-light system, which limits stocking levels in zones with high sea-lice impacts on wild salmon populations. Industry players are adopting consolidation strategies and pursuing offshore licenses to navigate these regulatory caps. Similarly, Scotland faces biomass-density constraints that could reduce production capacity in ecologically sensitive areas. Russia's limited domestic production infrastructure restricts its contribution to regional growth, though pilot recirculating aquaculture projects indicate modest expansion efforts.

South America, led by Chile as the dominant producer and exporter, faces environmental challenges such as harmful algal blooms and stricter sanitary-distance regulations enforced by Servicio Nacional de Pesca y Acuicultura. Despite these challenges, the region's growth is supported by producer investments in offshore concessions and recirculating hatcheries aimed at mitigating disease risks and improving survival rates. Brazil's increasing consumption of Chilean salmon underpins stable export demand, as urban households incorporate salmon into regular meal plans. North America's market share in 2025 is expanding due to land-based recirculating-system projects that bypass traditional net-pen constraints. However, Canadian producers face mandated transitions to closed-containment systems, which may temporarily disrupt production capacity.

The Middle East is projected to achieve the fastest growth among all regions, with a CAGR of 9.4% through 2031. This growth is driven by sovereign wealth co-investments in large-scale land-based facilities that utilize desalination brine as feedwater to meet stringent environmental regulations. Greenfield recirculating aquaculture projects in Saudi Arabia and the United Arab Emirates are transitioning from pilot to commercial scale, positioning the region as an emerging production hub with near-market delivery advantages. Asia-Pacific is the second-fastest-growing region globally, driven by China's licensing of coastal recirculating facilities that bypass import tariffs and reduce cold-chain lead times. In Japan, omega-3 dietary guidelines sustain retail demand for fresh Atlantic salmon, particularly for premium sushi applications. Africa's contribution to the salmon market remains modest, supported by investments in cold-chain infrastructure that enhance distribution efficiency. However, domestic production is negligible, and the region relies predominantly on imports to meet urban demand.

Salmon Market CAGR (%), Growth Rate by Region
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Competitive Landscape

The salmon market exhibits moderate consolidation, with the top five players accounting for a significant market share of global output in 2025. Mowi's NOK 6.1 billion (USD 570 million) acquisition of Nova Sea in 2025 and SalMar's NOK 9.4 billion (USD 880 million) purchase of Arnarlax highlight a vertical integration strategy aimed at securing low-risk licenses. Investments in capital-intensive technologies, such as IoT sensors, automated feeders, and thermal delousing barges, enhance cost leadership for major players, further increasing the performance gap with mid-tier farms.

Companies like Atlantic Sapphire, Nordic Aqua Partners, and Ocean Harvest utilize modular tank systems and renewable energy co-location to achieve feed conversion ratios below 1.10 while avoiding costs associated with sea lice. However, operational challenges, such as temperature-control failures, have extended payback periods. Despite these setbacks, investor interest remains strong as retailers prioritize certified supply sources located near markets.

Intellectual property filings for enzyme-enhanced and microalgae-based feeds increased significantly after 2024. DSM and BioMar obtained patents that reduced feed conversion ratios by 10% to 12%, highlighting nutrition as a growing area of competition. Certification continues to be essential, as non-certified producers face potential exclusion from mainstream channels in North America and Europe, necessitating operational upgrades or acceptance of price discounts.

Recent Industry Developments

  • May 2025: Salmon Evolution reported a 45% quarter-on-quarter increase in biomass and progressed with Phase 2 of its Indre Harøy facility, supporting growth and supply stability in the salmon market.
  • March 2025: Kelly Cove Salmon acquired a former AquaBounty facility in Prince Edward Island to increase smolt production capacity and add a new Recirculating Aquaculture System (RAS) unit. This development supports the salmon market by enhancing production efficiency and meeting growing demand.
  • March 2025: SalMar acquired full ownership of its offshore subsidiary by purchasing Aker's 15% stake. This move is to strengthen SalMar's position in the salmon market by enhancing its operational control and expanding its offshore farming capabilities.
  • January 2025: South Korea has begun operations at its first land-based salmon farm utilizing AKVA technology. This development is to support the salmon market by enhancing local production capabilities, reducing reliance on imports, and ensuring a stable supply of high-quality salmon.

Table of Contents for Salmon Industry Report

1. Introduction

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. Research Methodology

3. Executive Summary

4. Market Landscape

  • 4.1 Market Overview
  • 4.2 Market Drivers
    • 4.2.1 Expanding cold-chain infrastructure in emerging economies
    • 4.2.2 Growing consumer preference for healthy animal protein
    • 4.2.3 Technological advances in recirculating aquaculture systems
    • 4.2.4 Sustainability certifications influencing buyer decisions
    • 4.2.5 Development of functional-feed additives that cut FCR by ≥ 10%
    • 4.2.6 Real-time IoT-based biomass monitoring reducing mortality
  • 4.3 Market Restraints
    • 4.3.1 Escalating prevalence of sea-lice and related treatment costs
    • 4.3.2 Volatility in fish-meal and fish-oil prices
    • 4.3.3 Increasing regulatory caps on biomass densities
    • 4.3.4 Cyber-physical risks to automated feeding and net-cleaning systems
  • 4.4 Opportunities
  • 4.5 Challenges
  • 4.6 Value Chain Analysis
  • 4.7 Technologies and usage of AI in the Industry
  • 4.8 Input Market Analysis
    • 4.8.1 Feed
    • 4.8.2 Feed Additives
  • 4.9 Distribution Channel Analysis
  • 4.10 Market Sentiment Analysis
  • 4.11 PESTLE Analysis

5. Market Size and Growth Forecasts (Value and Volume)

  • 5.1 By Geography
    • 5.1.1 North America
    • 5.1.1.1 United States
    • 5.1.1.1.1 Production Analysis (Production Volume)
    • 5.1.1.1.2 Consumption Analysis (Consumption Value and Volume)
    • 5.1.1.1.3 Import Market Analysis (Import Value, Volume, and Key Supplying Markets)
    • 5.1.1.1.4 Export Market Analysis (Export Value, Volume, and Key Destination Markets)
    • 5.1.1.1.5 Wholesale Price Trend Analysis and Forecast
    • 5.1.1.1.6 Regulatory Framework
    • 5.1.1.1.7 List of Key Players
    • 5.1.1.1.8 Logistics and Infrastructure
    • 5.1.1.1.9 Seasonality Analysis
    • 5.1.1.2 Canada
    • 5.1.1.2.1 Production Analysis (Production Volume)
    • 5.1.1.2.2 Consumption Analysis (Consumption Value and Volume)
    • 5.1.1.2.3 Import Market Analysis (Import Value, Volume, and Key Supplying Markets)
    • 5.1.1.2.4 Export Market Analysis (Export Value, Volume, and Key Destination Markets)
    • 5.1.1.2.5 Wholesale Price Trend Analysis and Forecast
    • 5.1.1.2.6 Regulatory Framework
    • 5.1.1.2.7 List of Key Players
    • 5.1.1.2.8 Logistics and Infrastructure
    • 5.1.1.2.9 Seasonality Analysis
    • 5.1.2 Europe
    • 5.1.2.1 Norway
    • 5.1.2.1.1 Production Analysis (Production Volume)
    • 5.1.2.1.2 Consumption Analysis (Consumption Value and Volume)
    • 5.1.2.1.3 Import Market Analysis (Import Value, Volume, and Key Supplying Markets)
    • 5.1.2.1.4 Export Market Analysis (Export Value, Volume, and Key Destination Markets)
    • 5.1.2.1.5 Wholesale Price Trend Analysis and Forecast
    • 5.1.2.1.6 Regulatory Framework
    • 5.1.2.1.7 List of Key Players
    • 5.1.2.1.8 Logistics and Infrastructure
    • 5.1.2.1.9 Seasonality Analysis
    • 5.1.2.2 United Kingdom
    • 5.1.2.2.1 Production Analysis (Production Volume)
    • 5.1.2.2.2 Consumption Analysis (Consumption Value and Volume)
    • 5.1.2.2.3 Import Market Analysis (Import Value, Volume, and Key Supplying Markets)
    • 5.1.2.2.4 Export Market Analysis (Export Value, Volume, and Key Destination Markets)
    • 5.1.2.2.5 Wholesale Price Trend Analysis and Forecast
    • 5.1.2.2.6 Regulatory Framework
    • 5.1.2.2.7 List of Key Players
    • 5.1.2.2.8 Logistics and Infrastructure
    • 5.1.2.2.9 Seasonality Analysis
    • 5.1.2.3 Russia
    • 5.1.2.3.1 Production Analysis (Production Volume)
    • 5.1.2.3.2 Consumption Analysis (Consumption Value and Volume)
    • 5.1.2.3.3 Import Market Analysis (Import Value, Volume, and Key Supplying Markets)
    • 5.1.2.3.4 Export Market Analysis (Export Value, Volume, and Key Destination Markets)
    • 5.1.2.3.5 Wholesale Price Trend Analysis and Forecast
    • 5.1.2.3.6 Regulatory Framework
    • 5.1.2.3.7 List of Key Players
    • 5.1.2.3.8 Logistics and Infrastructure
    • 5.1.2.3.9 Seasonality Analysis
    • 5.1.2.4 France
    • 5.1.2.4.1 Production Analysis (Production Volume)
    • 5.1.2.4.2 Consumption Analysis (Consumption Value and Volume)
    • 5.1.2.4.3 Import Market Analysis (Import Value, Volume, and Key Supplying Markets)
    • 5.1.2.4.4 Export Market Analysis (Export Value, Volume, and Key Destination Markets)
    • 5.1.2.4.5 Wholesale Price Trend Analysis and Forecast
    • 5.1.2.4.6 Regulatory Framework
    • 5.1.2.4.7 List of Key Players
    • 5.1.2.4.8 Logistics and Infrastructure
    • 5.1.2.4.9 Seasonality Analysis
    • 5.1.2.5 Spain
    • 5.1.2.5.1 Production Analysis (Production Volume)
    • 5.1.2.5.2 Consumption Analysis (Consumption Value and Volume)
    • 5.1.2.5.3 Import Market Analysis (Import Value, Volume, and Key Supplying Markets)
    • 5.1.2.5.4 Export Market Analysis (Export Value, Volume, and Key Destination Markets)
    • 5.1.2.5.5 Wholesale Price Trend Analysis and Forecast
    • 5.1.2.5.6 Regulatory Framework
    • 5.1.2.5.7 List of Key Players
    • 5.1.2.5.8 Logistics and Infrastructure
    • 5.1.2.5.9 Seasonality Analysis
    • 5.1.2.6 Italy
    • 5.1.2.6.1 Production Analysis (Production Volume)
    • 5.1.2.6.2 Consumption Analysis (Consumption Value and Volume)
    • 5.1.2.6.3 Import Market Analysis (Import Value, Volume, and Key Supplying Markets)
    • 5.1.2.6.4 Export Market Analysis (Export Value, Volume, and Key Destination Markets)
    • 5.1.2.6.5 Wholesale Price Trend Analysis and Forecast
    • 5.1.2.6.6 Regulatory Framework
    • 5.1.2.6.7 List of Key Players
    • 5.1.2.6.8 Logistics and Infrastructure
    • 5.1.2.6.9 Seasonality Analysis
    • 5.1.2.7 Netherlands
    • 5.1.2.7.1 Production Analysis (Production Volume)
    • 5.1.2.7.2 Consumption Analysis (Consumption Value and Volume)
    • 5.1.2.7.3 Import Market Analysis (Import Value, Volume, and Key Supplying Markets)
    • 5.1.2.7.4 Export Market Analysis (Export Value, Volume, and Key Destination Markets)
    • 5.1.2.7.5 Wholesale Price Trend Analysis and Forecast
    • 5.1.2.7.6 Regulatory Framework
    • 5.1.2.7.7 List of Key Players
    • 5.1.2.7.8 Logistics and Infrastructure
    • 5.1.2.7.9 Seasonality Analysis
    • 5.1.2.8 Greece
    • 5.1.2.8.1 Production Analysis (Production Volume)
    • 5.1.2.8.2 Consumption Analysis (Consumption Value and Volume)
    • 5.1.2.8.3 Import Market Analysis (Import Value, Volume, and Key Supplying Markets)
    • 5.1.2.8.4 Export Market Analysis (Export Value, Volume, and Key Destination Markets)
    • 5.1.2.8.5 Wholesale Price Trend Analysis and Forecast
    • 5.1.2.8.6 Regulatory Framework
    • 5.1.2.8.7 List of Key Players
    • 5.1.2.8.8 Logistics and Infrastructure
    • 5.1.2.8.9 Seasonality Analysis
    • 5.1.3 Asia-Pacific
    • 5.1.3.1 China
    • 5.1.3.1.1 Production Analysis (Production Volume)
    • 5.1.3.1.2 Consumption Analysis (Consumption Value and Volume)
    • 5.1.3.1.3 Import Market Analysis (Import Value, Volume, and Key Supplying Markets)
    • 5.1.3.1.4 Export Market Analysis (Export Value, Volume, and Key Destination Markets)
    • 5.1.3.1.5 Wholesale Price Trend Analysis and Forecast
    • 5.1.3.1.6 Regulatory Framework
    • 5.1.3.1.7 List of Key Players
    • 5.1.3.1.8 Logistics and Infrastructure
    • 5.1.3.1.9 Seasonality Analysis
    • 5.1.3.2 Japan
    • 5.1.3.2.1 Production Analysis (Production Volume)
    • 5.1.3.2.2 Consumption Analysis (Consumption Value and Volume)
    • 5.1.3.2.3 Import Market Analysis (Import Value, Volume, and Key Supplying Markets)
    • 5.1.3.2.4 Export Market Analysis (Export Value, Volume, and Key Destination Markets)
    • 5.1.3.2.5 Wholesale Price Trend Analysis and Forecast
    • 5.1.3.2.6 Regulatory Framework
    • 5.1.3.2.7 List of Key Players
    • 5.1.3.2.8 Logistics and Infrastructure
    • 5.1.3.2.9 Seasonality Analysis
    • 5.1.3.3 Australia
    • 5.1.3.3.1 Production Analysis (Production Volume)
    • 5.1.3.3.2 Consumption Analysis (Consumption Value and Volume)
    • 5.1.3.3.3 Import Market Analysis (Import Value, Volume, and Key Supplying Markets)
    • 5.1.3.3.4 Export Market Analysis (Export Value, Volume, and Key Destination Markets)
    • 5.1.3.3.5 Wholesale Price Trend Analysis and Forecast
    • 5.1.3.3.6 Regulatory Framework
    • 5.1.3.3.7 List of Key Players
    • 5.1.3.3.8 Logistics and Infrastructure
    • 5.1.3.3.9 Seasonality Analysis
    • 5.1.4 South America
    • 5.1.4.1 Brazil
    • 5.1.4.1.1 Production Analysis (Production Volume)
    • 5.1.4.1.2 Consumption Analysis (Consumption Value and Volume)
    • 5.1.4.1.3 Import Market Analysis (Import Value, Volume, and Key Supplying Markets)
    • 5.1.4.1.4 Export Market Analysis (Export Value, Volume, and Key Destination Markets)
    • 5.1.4.1.5 Wholesale Price Trend Analysis and Forecast
    • 5.1.4.1.6 Regulatory Framework
    • 5.1.4.1.7 List of Key Players
    • 5.1.4.1.8 Logistics and Infrastructure
    • 5.1.4.1.9 Seasonality Analysis
    • 5.1.4.2 Chile
    • 5.1.4.2.1 Production Analysis (Production Volume)
    • 5.1.4.2.2 Consumption Analysis (Consumption Value and Volume)
    • 5.1.4.2.3 Import Market Analysis (Import Value, Volume, and Key Supplying Markets)
    • 5.1.4.2.4 Export Market Analysis (Export Value, Volume, and Key Destination Markets)
    • 5.1.4.2.5 Wholesale Price Trend Analysis and Forecast
    • 5.1.4.2.6 Regulatory Framework
    • 5.1.4.2.7 List of Key Players
    • 5.1.4.2.8 Logistics and Infrastructure
    • 5.1.4.2.9 Seasonality Analysis
    • 5.1.5 Middle East
    • 5.1.5.1 Saudi Arabia
    • 5.1.5.1.1 Production Analysis (Production Volume)
    • 5.1.5.1.2 Consumption Analysis (Consumption Value and Volume)
    • 5.1.5.1.3 Import Market Analysis (Import Value, Volume, and Key Supplying Markets)
    • 5.1.5.1.4 Export Market Analysis (Export Value, Volume, and Key Destination Markets)
    • 5.1.5.1.5 Wholesale Price Trend Analysis and Forecast
    • 5.1.5.1.6 Regulatory Framework
    • 5.1.5.1.7 List of Key Players
    • 5.1.5.1.8 Logistics and Infrastructure
    • 5.1.5.1.9 Seasonality Analysis
    • 5.1.5.2 United Arab Emirates
    • 5.1.5.2.1 Production Analysis (Production Volume)
    • 5.1.5.2.2 Consumption Analysis (Consumption Value and Volume)
    • 5.1.5.2.3 Import Market Analysis (Import Value, Volume, and Key Supplying Markets)
    • 5.1.5.2.4 Export Market Analysis (Export Value, Volume, and Key Destination Markets)
    • 5.1.5.2.5 Wholesale Price Trend Analysis and Forecast
    • 5.1.5.2.6 Regulatory Framework
    • 5.1.5.2.7 List of Key Players
    • 5.1.5.2.8 Logistics and Infrastructure
    • 5.1.5.2.9 Seasonality Analysis
    • 5.1.6 Africa
    • 5.1.6.1 Egypt
    • 5.1.6.1.1 Production Analysis (Production Volume)
    • 5.1.6.1.2 Consumption Analysis (Consumption Value and Volume)
    • 5.1.6.1.3 Import Market Analysis (Import Value, Volume, and Key Supplying Markets)
    • 5.1.6.1.4 Export Market Analysis (Export Value, Volume, and Key Destination Markets)
    • 5.1.6.1.5 Wholesale Price Trend Analysis and Forecast
    • 5.1.6.1.6 Regulatory Framework
    • 5.1.6.1.7 List of Key Players
    • 5.1.6.1.8 Logistics and Infrastructure
    • 5.1.6.1.9 Seasonality Analysis
    • 5.1.6.2 South Africa
    • 5.1.6.2.1 Production Analysis (Production Volume)
    • 5.1.6.2.2 Consumption Analysis (Consumption Value and Volume)
    • 5.1.6.2.3 Import Market Analysis (Import Value, Volume, and Key Supplying Markets)
    • 5.1.6.2.4 Export Market Analysis (Export Value, Volume, and Key Destination Markets)
    • 5.1.6.2.5 Wholesale Price Trend Analysis and Forecast
    • 5.1.6.2.6 Regulatory Framework
    • 5.1.6.2.7 List of Key Players
    • 5.1.6.2.8 Logistics and Infrastructure
    • 5.1.6.2.9 Seasonality Analysis

6. End Use Applications and Industries

  • 6.1 Primary Applications and Emerging Applications
  • 6.2 Consumption Breakdown by Industries

7. Competitive Landscape

  • 7.1 Overview of the Competition
  • 7.2 Recent Developments
  • 7.3 Market Concentration Analysis

8. Market Opportunities and Future Outlook

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Research Methodology Framework and Report Scope

Market Definitions and Key Coverage

Our study defines the global salmon market as the revenue earned when farmed or wild-caught salmon sold whole, filleted, frozen, smoked, canned, or fresh leaves a processor or an importer at its first commercial sale.

Scope exclusions include fishmeal, collagen, oil, leather, and any other by-products from salmon off-cuts that sit outside this review.

Segmentation Overview

  • By Geography
    • North America
      • United States
        • Production Analysis (Production Volume)
        • Consumption Analysis (Consumption Value and Volume)
        • Import Market Analysis (Import Value, Volume, and Key Supplying Markets)
        • Export Market Analysis (Export Value, Volume, and Key Destination Markets)
        • Wholesale Price Trend Analysis and Forecast
        • Regulatory Framework
        • List of Key Players
        • Logistics and Infrastructure
        • Seasonality Analysis
      • Canada
        • Production Analysis (Production Volume)
        • Consumption Analysis (Consumption Value and Volume)
        • Import Market Analysis (Import Value, Volume, and Key Supplying Markets)
        • Export Market Analysis (Export Value, Volume, and Key Destination Markets)
        • Wholesale Price Trend Analysis and Forecast
        • Regulatory Framework
        • List of Key Players
        • Logistics and Infrastructure
        • Seasonality Analysis
    • Europe
      • Norway
        • Production Analysis (Production Volume)
        • Consumption Analysis (Consumption Value and Volume)
        • Import Market Analysis (Import Value, Volume, and Key Supplying Markets)
        • Export Market Analysis (Export Value, Volume, and Key Destination Markets)
        • Wholesale Price Trend Analysis and Forecast
        • Regulatory Framework
        • List of Key Players
        • Logistics and Infrastructure
        • Seasonality Analysis
      • United Kingdom
        • Production Analysis (Production Volume)
        • Consumption Analysis (Consumption Value and Volume)
        • Import Market Analysis (Import Value, Volume, and Key Supplying Markets)
        • Export Market Analysis (Export Value, Volume, and Key Destination Markets)
        • Wholesale Price Trend Analysis and Forecast
        • Regulatory Framework
        • List of Key Players
        • Logistics and Infrastructure
        • Seasonality Analysis
      • Russia
        • Production Analysis (Production Volume)
        • Consumption Analysis (Consumption Value and Volume)
        • Import Market Analysis (Import Value, Volume, and Key Supplying Markets)
        • Export Market Analysis (Export Value, Volume, and Key Destination Markets)
        • Wholesale Price Trend Analysis and Forecast
        • Regulatory Framework
        • List of Key Players
        • Logistics and Infrastructure
        • Seasonality Analysis
      • France
        • Production Analysis (Production Volume)
        • Consumption Analysis (Consumption Value and Volume)
        • Import Market Analysis (Import Value, Volume, and Key Supplying Markets)
        • Export Market Analysis (Export Value, Volume, and Key Destination Markets)
        • Wholesale Price Trend Analysis and Forecast
        • Regulatory Framework
        • List of Key Players
        • Logistics and Infrastructure
        • Seasonality Analysis
      • Spain
        • Production Analysis (Production Volume)
        • Consumption Analysis (Consumption Value and Volume)
        • Import Market Analysis (Import Value, Volume, and Key Supplying Markets)
        • Export Market Analysis (Export Value, Volume, and Key Destination Markets)
        • Wholesale Price Trend Analysis and Forecast
        • Regulatory Framework
        • List of Key Players
        • Logistics and Infrastructure
        • Seasonality Analysis
      • Italy
        • Production Analysis (Production Volume)
        • Consumption Analysis (Consumption Value and Volume)
        • Import Market Analysis (Import Value, Volume, and Key Supplying Markets)
        • Export Market Analysis (Export Value, Volume, and Key Destination Markets)
        • Wholesale Price Trend Analysis and Forecast
        • Regulatory Framework
        • List of Key Players
        • Logistics and Infrastructure
        • Seasonality Analysis
      • Netherlands
        • Production Analysis (Production Volume)
        • Consumption Analysis (Consumption Value and Volume)
        • Import Market Analysis (Import Value, Volume, and Key Supplying Markets)
        • Export Market Analysis (Export Value, Volume, and Key Destination Markets)
        • Wholesale Price Trend Analysis and Forecast
        • Regulatory Framework
        • List of Key Players
        • Logistics and Infrastructure
        • Seasonality Analysis
      • Greece
        • Production Analysis (Production Volume)
        • Consumption Analysis (Consumption Value and Volume)
        • Import Market Analysis (Import Value, Volume, and Key Supplying Markets)
        • Export Market Analysis (Export Value, Volume, and Key Destination Markets)
        • Wholesale Price Trend Analysis and Forecast
        • Regulatory Framework
        • List of Key Players
        • Logistics and Infrastructure
        • Seasonality Analysis
    • Asia-Pacific
      • China
        • Production Analysis (Production Volume)
        • Consumption Analysis (Consumption Value and Volume)
        • Import Market Analysis (Import Value, Volume, and Key Supplying Markets)
        • Export Market Analysis (Export Value, Volume, and Key Destination Markets)
        • Wholesale Price Trend Analysis and Forecast
        • Regulatory Framework
        • List of Key Players
        • Logistics and Infrastructure
        • Seasonality Analysis
      • Japan
        • Production Analysis (Production Volume)
        • Consumption Analysis (Consumption Value and Volume)
        • Import Market Analysis (Import Value, Volume, and Key Supplying Markets)
        • Export Market Analysis (Export Value, Volume, and Key Destination Markets)
        • Wholesale Price Trend Analysis and Forecast
        • Regulatory Framework
        • List of Key Players
        • Logistics and Infrastructure
        • Seasonality Analysis
      • Australia
        • Production Analysis (Production Volume)
        • Consumption Analysis (Consumption Value and Volume)
        • Import Market Analysis (Import Value, Volume, and Key Supplying Markets)
        • Export Market Analysis (Export Value, Volume, and Key Destination Markets)
        • Wholesale Price Trend Analysis and Forecast
        • Regulatory Framework
        • List of Key Players
        • Logistics and Infrastructure
        • Seasonality Analysis
    • South America
      • Brazil
        • Production Analysis (Production Volume)
        • Consumption Analysis (Consumption Value and Volume)
        • Import Market Analysis (Import Value, Volume, and Key Supplying Markets)
        • Export Market Analysis (Export Value, Volume, and Key Destination Markets)
        • Wholesale Price Trend Analysis and Forecast
        • Regulatory Framework
        • List of Key Players
        • Logistics and Infrastructure
        • Seasonality Analysis
      • Chile
        • Production Analysis (Production Volume)
        • Consumption Analysis (Consumption Value and Volume)
        • Import Market Analysis (Import Value, Volume, and Key Supplying Markets)
        • Export Market Analysis (Export Value, Volume, and Key Destination Markets)
        • Wholesale Price Trend Analysis and Forecast
        • Regulatory Framework
        • List of Key Players
        • Logistics and Infrastructure
        • Seasonality Analysis
    • Middle East
      • Saudi Arabia
        • Production Analysis (Production Volume)
        • Consumption Analysis (Consumption Value and Volume)
        • Import Market Analysis (Import Value, Volume, and Key Supplying Markets)
        • Export Market Analysis (Export Value, Volume, and Key Destination Markets)
        • Wholesale Price Trend Analysis and Forecast
        • Regulatory Framework
        • List of Key Players
        • Logistics and Infrastructure
        • Seasonality Analysis
      • United Arab Emirates
        • Production Analysis (Production Volume)
        • Consumption Analysis (Consumption Value and Volume)
        • Import Market Analysis (Import Value, Volume, and Key Supplying Markets)
        • Export Market Analysis (Export Value, Volume, and Key Destination Markets)
        • Wholesale Price Trend Analysis and Forecast
        • Regulatory Framework
        • List of Key Players
        • Logistics and Infrastructure
        • Seasonality Analysis
    • Africa
      • Egypt
        • Production Analysis (Production Volume)
        • Consumption Analysis (Consumption Value and Volume)
        • Import Market Analysis (Import Value, Volume, and Key Supplying Markets)
        • Export Market Analysis (Export Value, Volume, and Key Destination Markets)
        • Wholesale Price Trend Analysis and Forecast
        • Regulatory Framework
        • List of Key Players
        • Logistics and Infrastructure
        • Seasonality Analysis
      • South Africa
        • Production Analysis (Production Volume)
        • Consumption Analysis (Consumption Value and Volume)
        • Import Market Analysis (Import Value, Volume, and Key Supplying Markets)
        • Export Market Analysis (Export Value, Volume, and Key Destination Markets)
        • Wholesale Price Trend Analysis and Forecast
        • Regulatory Framework
        • List of Key Players
        • Logistics and Infrastructure
        • Seasonality Analysis

Detailed Research Methodology and Data Validation

Primary Research

Mordor analysts interviewed RAS engineers, feed makers, import distributors, and chilled seafood buyers across Europe, Asia-Pacific, and North America. These conversations tightened biomass ceilings, realistic ex-farm prices, and regional consumption elasticities before we locked the figures.

Desk Research

We began with FAO FishStat harvest series, Norway Directorate of Fisheries export dashboards, UN Comtrade codes, and USDA GATS price lists that map volume-price flows worldwide. Trade bodies such as the Norwegian Seafood Council and SalmonChile then highlighted licensing shifts, disease events, and feed norms that sway biomass. Company filings gathered through D&B Hoovers and news preserved in Dow Jones Factiva revealed capacity moves, while peer-reviewed journals clarified omega-3 demand and RAS efficiency. These sources are illustrative; many other public and paid references guided data checks and clarification.

Market-Sizing & Forecasting

A single top-down pass multiplies each producing country's harvest and wild catch by sampled first-sale prices to set the 2024 base. It then cross-checks this with selective bottom-up producer roll-ups. Five fingerprints, harvest volume, average export price, feed-cost index, new RAS capacity, and per-capita seafood intake feed a multivariate regression that extends the series to 2030; elasticities plug unavoidable gaps.

Data Validation & Update Cycle

Model outputs face variance thresholds; any swing above seven percent versus trend triggers anomaly reviews, extra calls, and model edits. We refresh every study yearly and issue interim flashes whenever disease, trade, or currency shocks materially move the baseline.

Why Mordor's Salmon Baseline Earn Dependable Trust

Published estimates often diverge because firms slice product mix, price point, and geography differently and refresh on uneven calendars.

Key gap drivers we observe are the exclusion of processed formats, reliance on retail receipts, dated baselines, and blanket growth rates that miss the North American RAS build-out.

Benchmark comparison

Market SizeAnonymized sourcePrimary gap driver
USD 23.70 bn (2025) Mordor Intelligence-
USD 19.10 bn (2024) Global Consultancy AOmits smoked & canned, five regions, biennial updates
USD 30.59 bn (2025) Regional Consultancy BUses retail values and single 6.7 percent CAGR, lacks supply checks
USD 15.96 bn (2022) Trade Journal COld base year, constant 2021 prices, ignores new farms

Together, the comparison shows that Mordor Intelligence's disciplined scope, variable selection, and annual review give decision-makers a transparent baseline traceable to real harvest data and repeatable steps.

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Key Questions Answered in the Report

What is the projected growth rate for the salmon market through 2031?

The salmon market is to grow at a 7.2% CAGR, rising from USD 18.3 billion in 2026 to USD 25.9 billion by 2031.

Which region will expand fastest in value terms?

The Middle East is projected to surpass the 9.4% CAGR of the salmon market by 2031, supported by over USD 500 million in sovereign-linked equity investments.

How do land-based farms influence supply reliability?

They eliminate sea-lice exposure and cut freight by up to USD 2 per kilogram, helping stabilize year-round fresh supply near major retail centers.

Why are sustainability certifications crucial for market access?

North American and European retailers require Aquaculture Stewardship Council or GlobalG.A.P. labels, allowing certified producers to secure contracts at 8%–12% premiums.

What cost risk concerns producers most?

Fish-meal and fish-oil price volatility can lift feed expense by roughly USD 0.25 per kilogram, pressuring margins and accelerating adoption of alternative protein ingredients.

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