IMARC Group, a leading market research company, has recently released a report titled “United States Salmon Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the United States salmon market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How Big is the United States Salmon Market?
The United States salmon market size reached US$ 1,375.2 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,740.0 Million by 2028, exhibiting a growth rate (CAGR) of 3.9% during 2023-2028.
What is Salmon?
Salmon is a popular fish known for its distinct pink to orange flesh and rich, oily texture. It belongs to the Salmonidae family, which includes closely related species such as trout and char. Salmon originates from both the Atlantic (genus Salmo) and the Pacific Oceans (genus Oncorhynchus), with numerous species native to each region. Salmon are anadromous, meaning they are born in fresh water, migrate to the ocean, and then return to fresh water to reproduce, a journey that has become emblematic of the species' resilience and has ingrained itself in popular lore and mythology. The flesh of salmon is high in protein, omega-3 fatty acids, and vitamin D, making it a highly sought-after food for its health benefits. It's versatile in the kitchen, suitable for grilling, baking, and smoking, and can be served raw as sashimi. Salmon farming, or aquaculture, has become a significant industry, providing a consistent supply of fish despite the concerns regarding environmental impact and fish health. Wild salmon populations are managed in some regions to support sustainable fishing industries. Salmon's popularity extends beyond the table; it has cultural significance for many indigenous communities, who rely on it for sustenance and as a part of their cultural heritage.
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What are the Growth Prospects and Trends in the United States Salmon Industry?
Increased consumer awareness regarding the health benefits of omega-3 fatty acids, protein, and vitamin D, represents one of the key factors driving the growth of the market across the United States. Salmon is often recommended as a part of a heart-healthy diet, and as Americans become more health-conscious, the demand for this nutritious fish grows. As consumers become more environmentally aware, they are more interested in sustainable food sources. Wild-caught salmon from the U.S., particularly Alaska, is often viewed as a sustainable choice due to stringent fishing regulations, which appeal to eco-conscious consumers. The growth in the availability of convenient, ready-to-eat, and value-added salmon products, such as smoked salmon, marinated fillets, and pre-packaged portions, is also boosting the market growth, thus fitting well with the busy lifestyles of American consumers. Advances in aquaculture technology are improving the efficiency and sustainability of salmon farming, reducing the impact on wild stocks, and providing year-round availability to consumers, thus supporting market growth. There is a growing market segment that is willing to pay a premium for high-quality, sustainably sourced salmon, including organic and specialty products like wild-caught Alaskan salmon. The U.S. imports a significant portion of its salmon from countries like Chile and Canada, and the international trade policies and agreements in place affect the volume and price of salmon in the market. With a trend towards more flexitarian diets that include fish as a healthier protein alternative to red meat, salmon is a preferred choice for many due to its flavor and ease of cooking. Effective marketing campaigns have also played a role, with salmon being promoted as a versatile and easy-to-prepare fish that is included in a variety of cuisines and cooking styles. The restaurant and food service industry contributes significantly to the demand for salmon, including the rise of sushi and seafood restaurants across the United States.
What is Included in Market Segmentation?
The report has categorized the market based on type, species, end product type and distribution channel.
Breakup by Type:
- Farmed
- Wild Captured
Breakup by Species:
- Atlantic
- Pink
- Chum/Dog
- Coho
- Sockeye
- Others
Breakup by End Product Type:
- Frozen
- Fresh
- Canned
- Others
Breakup by Distribution Channel:
- Foodservice
- Retail
Regional Analysis:
- Northeast
- Midwest
- South
- West
Who are the Key Players Operating in the United States Salmon Market?
The competitive landscape of the industry has also been examined along with the profiles of the key players.
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Key Highlights of The Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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