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According to the latest research, the global Smoked Salmon market size was valued at USD 5310.6 million in 2022 and is expected to expand at a CAGR of 4.87% during the forecast period, reaching USD 7064.01 million by 2028.
Smoked salmon is a preparation of salmon, typically a fillet that has been cured and hot or cold smoked. Due to its moderately high price, smoked salmon is considered a delicacy. Although the term lox is sometimes applied to smoked salmon, they are different products.
Rising demand for seafood has an impact on prices
Since smoked salmon does not require significant preparation time, its popularity has been increasing. Asia Pacific, Eastern Europe, Africa, and Latin America have increased disposable income and increased working-class numbers. The integration of this product has benefited a lot from restaurants and hotels in Japan, China, Australia, New Zealand, and other countries. In addition, due to the convenience of processing seafood in RTE packaging, product demand has also increased.
North America and Europe have also boosted the smoked salmon market with extensive financial support. Several countries in both regions have high incomes. In the US, UK, France, Denmark, Spain, Germany, etc., these countries spend a lot of money to upgrade their equipment and strengthen the smoked salmon market. These factors have stimulated the demand for smoked salmon to a certain extent, and the increase in demand has affected the fluctuation of prices.
The presence of sea lice hinders market growth and affects price fluctuations
The global salmon farming industry has been struggling with the serious economic, animal welfare and ecological impacts of sea lice infestation, which has prevented salmon farming from realizing its true potential. And it could drive down the price of salmon. Sea lice (Lepeophtheirus salmon and Caligus genus) settle on their hosts as free-moving larvae, firmly attaching to and feeding on salmon. They cause physical harm and stress to fish and adversely affect growth and performance. Studies have shown that infecting ten to twelve lice10 can have fatal consequences. Lice forage by grazing on the surface of fish and swallowing mucus and skin. Large numbers of lice can quickly cause fins to fall off, severe scarring, secondary infections, and timely death. Severe intrusion can lead to secondary infections and mass deaths. Sea lice have been around for millions of years and have adapted well to salmon-dependent lives. They are difficult to control and can quickly build up resistance to the chemical treatments used to eradicate them.
Sea lice are not harmful to humans, but even small-scale infestations can make salmon unmarketable. Therefore, this is one of the main factors holding prices back.
Region Overview:
Europe dominated the Smoked Salmon market in 2021, with a market share of 83.91%.
Company Overview:
Mowi (Former Marine Harvest) is one of the major players operating in the Smoked Salmon market, holding a share of 19.23% in 2022.
Mowi (Former Marine Harvest)
Marine Harvest Norway AS produces and sells seafood products. The Company offers salmon, white halibut, white fish, coated, smoked, and other seafood. Marine Harvest Norway markets its products to food retailers and restaurants worldwide.
Labeyrie
Labeyrie S.A. operates in the food industry. The company engages in the purchase, preparation, manufacture, packaging, and wholesale or retail sale of food products primarily in France. The company's products principally include foie gras, smoked salmon, fish and fish roe, fruits, and vegetables. It also operates a restaurant with bar. The company is based in St-Vincent-de-Tyrosse, France. Labeyrie S.A. is a subsidiary of SIF Group.
Segmentation Overview:
By type, Cold-smoke segment accounted for the largest share of market in 2021.
Application Overview:
The market's largest segment by application is the segment Retail Sector, with a market share of 45.55% in 2021.
This report elaborates on the market size, market characteristics, and market growth of the Smoked Salmon industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of Smoked Salmon. The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.
Key Points this Global Smoked Salmon Market Report Include:
Market Size Estimates: Smoked Salmon market size estimation in terms of revenue and sales from 2018-2028
Market Dynamic and Trends: Smoked Salmon market drivers, restraints, opportunities, and challenges
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Smoked Salmon market
Segment Market Analysis: Smoked Salmon market revenue and sales by type and by application from 2018-2028
Regional Market Analysis: Smoked Salmon market situations and prospects in major and top regions and countries
Smoked Salmon Market
Smoked Salmon Industry Chain: Smoked Salmon market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
Smoked Salmon Industry News, Policies by regions
Smoked Salmon Industry Porters Five Forces Analysis
Key players in the global Smoked Salmon market are covered in Chapter 2:
Trident Seafoods
Milarex
Mowi (Former Marine
Norvelita
Farne Salmon & Trout Ltd
Young’s Seafood
Suempol
Ubago Group
ACME Smoked Fish
Thai Union (MerAlliance)
Delpeyrat
Grieg Seafood
Gottfried Friedrichs
Martiko
Multiexport Foods
Harvest)
Labeyrie
In Chapter 6 and Chapter 9, on the basis of types, the Smoked Salmon market from 2018 to 2028 is primarily split into:
Hot-smoke
Cold-smoke
In Chapter 7 and Chapter 10, on the basis of applications, the Smoked Salmon market from 2018 to 2028 covers:
Food Service Sector
Retail Sector
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others
In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.
Chapter Outline
This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global Smoked Salmon market size in terms of revenue, sales volume, and average price.
Chapter 2 analyzes the main companies in the Smoked Salmon industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.
Chapter 3 is an analysis of the competitive environment of Smoked Salmon market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.
Chapter 4 is an analysis of the Smoked Salmon industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.
Chapter 5 focuses on Smoked Salmon market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.
Chapters 6-8 have segmented the Smoked Salmon market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.
Chapters 9-11 provide detailed Smoked Salmon market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.
Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.
2022
Smoked salmon is a preparation of salmon, typically a fillet that has been cured and hot or cold smoked. Due to its moderately high price, smoked salmon is considered a delicacy. Although the term lox is sometimes applied to smoked salmon, they are different products.
Rising demand for seafood has an impact on prices
Since smoked salmon does not require significant preparation time, its popularity has been increasing. Asia Pacific, Eastern Europe, Africa, and Latin America have increased disposable income and increased working-class numbers. The integration of this product has benefited a lot from restaurants and hotels in Japan, China, Australia, New Zealand, and other countries. In addition, due to the convenience of processing seafood in RTE packaging, product demand has also increased.
North America and Europe have also boosted the smoked salmon market with extensive financial support. Several countries in both regions have high incomes. In the US, UK, France, Denmark, Spain, Germany, etc., these countries spend a lot of money to upgrade their equipment and strengthen the smoked salmon market. These factors have stimulated the demand for smoked salmon to a certain extent, and the increase in demand has affected the fluctuation of prices.
The presence of sea lice hinders market growth and affects price fluctuations
The global salmon farming industry has been struggling with the serious economic, animal welfare and ecological impacts of sea lice infestation, which has prevented salmon farming from realizing its true potential. And it could drive down the price of salmon. Sea lice (Lepeophtheirus salmon and Caligus genus) settle on their hosts as free-moving larvae, firmly attaching to and feeding on salmon. They cause physical harm and stress to fish and adversely affect growth and performance. Studies have shown that infecting ten to twelve lice10 can have fatal consequences. Lice forage by grazing on the surface of fish and swallowing mucus and skin. Large numbers of lice can quickly cause fins to fall off, severe scarring, secondary infections, and timely death. Severe intrusion can lead to secondary infections and mass deaths. Sea lice have been around for millions of years and have adapted well to salmon-dependent lives. They are difficult to control and can quickly build up resistance to the chemical treatments used to eradicate them.
Sea lice are not harmful to humans, but even small-scale infestations can make salmon unmarketable. Therefore, this is one of the main factors holding prices back.
Region Overview:
Europe dominated the Smoked Salmon market in 2021, with a market share of 83.91%.
Company Overview:
Mowi (Former Marine Harvest) is one of the major players operating in the Smoked Salmon market, holding a share of 19.23% in 2022.
Mowi (Former Marine Harvest)
Marine Harvest Norway AS produces and sells seafood products. The Company offers salmon, white halibut, white fish, coated, smoked, and other seafood. Marine Harvest Norway markets its products to food retailers and restaurants worldwide.
Labeyrie
Labeyrie S.A. operates in the food industry. The company engages in the purchase, preparation, manufacture, packaging, and wholesale or retail sale of food products primarily in France. The company's products principally include foie gras, smoked salmon, fish and fish roe, fruits, and vegetables. It also operates a restaurant with bar. The company is based in St-Vincent-de-Tyrosse, France. Labeyrie S.A. is a subsidiary of SIF Group.
Segmentation Overview:
By type, Cold-smoke segment accounted for the largest share of market in 2021.
Application Overview:
The market's largest segment by application is the segment Retail Sector, with a market share of 45.55% in 2021.
This report elaborates on the market size, market characteristics, and market growth of the Smoked Salmon industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of Smoked Salmon. The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.
Key Points this Global Smoked Salmon Market Report Include:
Market Size Estimates: Smoked Salmon market size estimation in terms of revenue and sales from 2018-2028
Market Dynamic and Trends: Smoked Salmon market drivers, restraints, opportunities, and challenges
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Smoked Salmon market
Segment Market Analysis: Smoked Salmon market revenue and sales by type and by application from 2018-2028
Regional Market Analysis: Smoked Salmon market situations and prospects in major and top regions and countries
Smoked Salmon Market
Competitive Landscape
and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product/service profile and recent development/updates, etc.Smoked Salmon Industry Chain: Smoked Salmon market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
Smoked Salmon Industry News, Policies by regions
Smoked Salmon Industry Porters Five Forces Analysis
Key players in the global Smoked Salmon market are covered in Chapter 2:
Trident Seafoods
Milarex
Mowi (Former Marine
Norvelita
Farne Salmon & Trout Ltd
Young’s Seafood
Suempol
Ubago Group
ACME Smoked Fish
Thai Union (MerAlliance)
Delpeyrat
Grieg Seafood
Gottfried Friedrichs
Martiko
Multiexport Foods
Harvest)
Labeyrie
In Chapter 6 and Chapter 9, on the basis of types, the Smoked Salmon market from 2018 to 2028 is primarily split into:
Hot-smoke
Cold-smoke
In Chapter 7 and Chapter 10, on the basis of applications, the Smoked Salmon market from 2018 to 2028 covers:
Food Service Sector
Retail Sector
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others
In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.
Chapter Outline
This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global Smoked Salmon market size in terms of revenue, sales volume, and average price.
Chapter 2 analyzes the main companies in the Smoked Salmon industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.
Chapter 3 is an analysis of the competitive environment of Smoked Salmon market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.
Chapter 4 is an analysis of the Smoked Salmon industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.
Chapter 5 focuses on Smoked Salmon market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.
Chapters 6-8 have segmented the Smoked Salmon market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.
Chapters 9-11 provide detailed Smoked Salmon market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.
Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.
Years considered for this report:
Historical Years:
2018-2022Base Year:
2022Estimated Year:
2023Forecast Period:
2023-2028Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
