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4 days ago
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North America Salmon Fish Market Research Report 2025-2033: Market Share Analysis, Porter's Five Forces Analysis, SWOT Analysis, Profiles of Key Players
Market growth is driven by increased aquaculture sector productivity and sustainable fishing practices. Challenges include disease management and climate change, but innovation and consumer trends towards health-conscious diets continue to boost this vital industry. North American Salmon Fish Market Dublin, June 04, 2025 (GLOBE NEWSWIRE) -- The "North America Salmon Fish Market Size and Share Analysis - Growth Trends and Forecast Report 2025-2033" has been added to offering. The North America Salmon Fish Market is expected to reach US$ 12.33 billion by 2033 from US$ 6.22 billion in 2024, with a CAGR of 7.90% from 2025 to 2033. Among the main drivers propelling the market expansion are the growing need for readily consumable food items, the escalating environmental concerns and the growing interest in sustainable and ethical seafood procurement, as well as the effective supply chain and logistical infrastructure. North America's market is being driven by the growing aquaculture sector. Additionally, the industry is being supported by the growing need for readily consumable food items, which has resulted in a wide variety of salmon-based products such as frozen salmon, canned salmon, smoked salmon, jerky, oil, lox, and spreads. Additionally, salmon improves the absorption and use of vital minerals like calcium and phosphorus and helps to maintain the health of bones and teeth. Aside from this, certified sustainable salmon fisheries and aquaculture operations are receiving more attention as a result of growing environmental concerns and interest in ethical and sustainable seafood sourcing. More sustainable salmon production practices are being pushed by consumers and businesses who are actively looking for eco-friendly solutions. Additionally, the salmon market depends heavily on an effective supply chain and logistics infrastructure. In order to maintain the sustainability of fish populations and safeguard the environment, governments around the world have also set a number of laws on the fishing and aquaculture sectors. The dynamics of the supply chain and production levels are being positively impacted by these laws. In response to shifting customer tastes and convenience demands, value-added items including smoked salmon, salmon fillets, and ready-to-cook meals are being developed, which accelerates market expansion overall. For example, Multi X debuted two new items in the U.S. market at Seafood Expo North America (SENA) in March 2024: Latitude 45 Smoked Salmon Candy Bites and Smoked Chipotle Salmon. With their well-known sweet and spicy taste combinations, Latitude 45 Smoked Salmon Candy Bites and Smoked Chipotle Salmon give customers a ready-to-eat hot smoked product that inspires home cooks. The rise of the salmon market in the US is being aided by these factors. Growth Drivers for the North America Salmon Fish Market Culinary Flexibility with a Wide Range of Uses: Salmon is a popular choice for a variety of culinary creations because of its gentle, buttery taste profile and unique pink flesh. It provides customers with different taste preferences with a tasty and enjoyable experience. Additionally, salmon is a staple component for both home cooks and chefs due to its versatility in a variety of cuisines, including foreign and classic American meals. Innovative salmon-based recipes that satisfy changing consumer tastes have also emerged as a result of the growing popularity of fusion cuisine. Customers looking for quick yet wholesome dinner alternatives are drawn to the company's wide variety of ready-to-eat salmon products, which include smoked salmon, salmon burgers, and salmon poke bowls. Salmon's demand and expansion in the North American market are probably going to continue to be driven by its culinary diversity. The Growing Trends of Health-Conscious Consumers: Demand for this nutrient-dense fish is rising as more people become aware of the many health advantages of eating salmon. Omega-3 fatty acids are known to be abundant in salmon and are vital for heart and brain health. Furthermore, it is a great source of minerals like selenium, vitamins like B12 and D, and high-quality protein. Customers now choose salmon as a premium option for their meals due to the growing emphasis on leading a healthy lifestyle and the need for wholesome, well-balanced diets. Furthermore, a lot of customers are adopting diets that highlight healthy foods like salmon as a result of the growth in chronic health disorders including obesity and cardiovascular illnesses. Technological Advancements in Farming and Processing: The North American salmon market has grown significantly as a result of technological developments in salmon farming and processing. Aquaculture has become far more productive and sustainable with innovations like selective breeding, better disease control methods, and effective feeding systems. Thanks to these advancements, producers can produce fish that are healthier and grow more quickly while having a smaller negative influence on the environment. Regarding processing, advancements in vacuum-sealed packaging, temperature-controlled transportation, and freezing technologies have increased the shelf life and maintained the quality of salmon throughout distribution. These developments make it possible for salmon to remain fresh while reaching larger markets, such as interior regions and foreign locations. As a result, manufacturers are better equipped to satisfy growing consumer demand and provide a steady, high-quality product all year long, enhancing supply chain effectiveness and customer satisfaction. Challenges in the North America Salmon Fish Market Disease and Parasite Management: In the market for salmon fish in North America, disease and parasite control pose a significant problem, especially for farmed enterprises. Sea lice, which may spread quickly and affect both farmed and wild populations, are the most common parasite, bacterial, and viral diseases that can affect salmon. These epidemics may lead to higher death rates, decreased fish quality, and significant financial losses. Continuous monitoring, biosecurity precautions, and cutting-edge therapies like vaccinations, cleaner fish, or non-chemical lice removal techniques are necessary for effective management. However, putting these concepts into practice frequently requires a large financial investment as well as technical know-how. Disease control initiatives are further complicated by worries about the use of antibiotics and chemical therapies. The business has a difficult, continuous task in ensuring fish health while upholding consumer and environmental requirements. Climate Change and Ocean Conditions: The market for salmon fish in North America faces significant obstacles due to climate change and changing ocean conditions. Salmon migratory patterns may be disturbed, water oxygen levels may drop, and illness and parasite incidence may rise as a result of warming ocean temperatures. Marine habitats and the availability of food supplies that are essential to salmon survival are impacted by ocean acidification, which is caused by rising carbon dioxide levels. Temperature variations and severe weather conditions like storms and flooding can harm aquaculture infrastructure and lower agricultural productivity. Both wild and farmed salmon populations' health, growth rates, and reproductive success are at risk due to these environmental stresses. Climate resilience is also a crucial area of concern for the industry's future since producers are confronted with growing uncertainty over long-term sustainability and supply security. Key Attributes Report Attribute Details No. of Pages 200 Forecast Period 2024-2033 Estimated Market Value (USD) in 2024 $6.22 Billion Forecasted Market Value (USD) by 2033 $12.33 Billion Compound Annual Growth Rate 7.9% Regions Covered North America Key Topics Covered1. Introduction2. Research & Methodology3. Executive Summary4. Market Dynamics4.1 Growth Drivers4.2 Challenges5. North America Salmon Fish Market5.1 Historical Market Trends5.2 Market Forecast6. Market Share Analysis6.1 By Form6.2 By Species6.3 By Distribution Channel6.4 By Countries7. Form7.1 Fresh7.2 Frozen7.3 Smoked7.4 Canned7.5 Others8. Species8.1 Chinook Salmon8.2 Coho Salmon8.3 Pink Salmon8.4 Red Salmon8.5 Silverbrite Salmon8.6 Salmon Salar9. Distribution Channel9.1 Retail9.2 HoReCa & Wholesale9.3 Processed Food Industry9.4 Other Institutional Customers10. Countries10.1 United States10.2 Canada10.3 Mexico10.4 Rest of North America11. Porter's Five Forces Analysis11.1 Bargaining Power of Buyers11.2 Bargaining Power of Suppliers11.3 Degree of Rivalry11.4 Threat of New Entrants11.5 Threat of Substitutes12. SWOT Analysis12.1 Strength12.2 Weakness12.3 Opportunity12.4 Threat13. Key Players Analysis13.1 Camanchaca Inc.13.2 Atlantic Capes Fisheries, Inc.13.3 Leroy Seafood Group ASA13.4 Marine Harvest ASA13.5 Multiexport Foods SA13.6 Marine Harvest ASA13.7 Sea Trade13.8 Atalanta Corporation For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment North American Salmon Fish Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Sign in to access your portfolio
Yahoo
28-05-2025
- Business
- Yahoo
Chile's salmon farms hope for calmer waters
Chile is the world's second-largest exporter of farmed salmon, and the biggest supplier to the US. In the south of the country a dispute continues over the large number of salmon farms that are located in supposedly protected areas. The port city of Puerto Montt, more than 1,000km (600 miles) south of Chile's capital Santiago, is at the heart of the country's farmed Atlantic salmon industry. At a processing facility on the outskirts of town workers kitted out in white suits, hairnets, facemasks, and blue plastic gloves and boots prepare fresh and smoked salmon for export to the US and Japan. In a spacious meeting room, Fracisco Lobos, the chief corporate officer for the plant's owner – salmon-exporter Multi X – explains how farming the fish has transformed the south of Chile. "Salmon's been part of this region's industrial revolution," he says. "There used to be a lot of poverty in the region, and now many people earn more than in other parts of Chile. "Because of the industry a lot of support services have sprung up, which benefit the families living here, and people have moved here from other parts of the country for work." Atlantic salmon are not native to Chile. Instead, eggs were brought over to Chile from the UK at the end of the 19th Century and released into rivers, lakes and the sea to grow into fish for recreational fishing. Farming the fish in netted, offshore pens then started in the 1970s, before growing substantially ever since. There were 1,343 active salmon farms across southern Chile at the end of last year. In 2024 as a whole, Chile exported 782,076 tonnes of salmon and trout, according to the latest annual figures from the Chile's National Customs Service. The vast majority of this is salmon, but the two fish are counted together in the official data. This was worth $6.4bn (£4.8bn), making it Chile's third-biggest export after copper in first place and fresh fruit. It also means that Chile's salmon exports are only surpassed by Norway's. Some 86,000 people now work directly or indirectly for Chile's farmed salmon industry, according to trade body Salmón Chile. The farms stretch from the Biobío region, which is around 500km south of Santiago, right down to the Magallanes region in the far Patagonian south of the country, and more than 2,000km away from the capital. With global demand for farmed salmon due to grow by 40% by 2033, according to one report, Chilean producers are keen to increase their production. However, it actually fell slightly last year. Salmón Chile's chairman, Arturo Clements, says the government needs to do more to help the industry expand. "For us it's been very difficult to grow, because we have too many regulations, and we have too many conflicts regarding the use of the sea," he says. "What we need is to define a long-term strategy regarding salmon farming." BBC World Service - Chile's salmon farming puzzle Much of the conflict concerns the locations of many of the fish farms, which critics say are highly polluting. More specifically, there are 408 salmon farming concessions – licenses granted by the government that allow a company to operate a salmon farm in a specific area – within supposedly environmentally protected areas in Chile. These include 294 in national reserves, where limited commercial use of natural resources is allowed. And 29 in the more strictly controlled national parks, where business operations are officially not supposed to be permitted. Flavia Liberona is the executive director of Terram, a foundation that promotes sustainable development. In her hot and sticky office in an old building in the centre of Santiago she describes an environmental campaign that she's part of – Salvemos La Patagonia or Save Patagonia. It wants to protect the natural habitat of the entire Chilean Patagonia region. This vast geographic area starts north of Puerto Montt and then extends all the way down to the very base of the country. And it is where most of the salmon farms are located, in its many fjords. "We want the salmon farms to stop operating in the national parks and national reserves," says Ms Liberona. "The salmon farming causes various environmental problems. One is that the fish are kept in cages and fed with pellets. "A lot of the pellets and fish faeces end up on the seabed and that leads to less oxygen which kills the sea life in the ocean underneath the cages, and depending on the current, elsewhere in the sea." When these concerns are put to Mr Clement from Salmón Chile, he explains that there are different categories for the salmon farming concessions. "In terms of concessions in the national parks we have 21 that we aren't using," he says. "We have told the government that we don't want to be there and asked to be relocated but nothing has happened for many years." Regarding salmon farming in national reserves, he says that is a different environment which, according to Chilean law and the rules and regulations they follow, they can operate in. In Chile, the salmon industry is regulated by The Undersecretariat for Fisheries and Aquaculture, a public body that is part of the Ministry of Economy, Development and Tourism. It looks at environmental protection and sustainability, and is also working on a new general aquaculture law to further regulate the sector. Julio Salas Gutiérrez, the Chilean Undersecretary of Fisheries and Aquaculture, tells the BBC that the government is working to remove fish farms from the national parks. "It's not right to claim that the government 'has done nothing for years' regarding the relocation of concessions outside of national parks," he says. "Under the current administration, efforts have been made not only to understand the problem, but also to advance it. "The relocation process itself is usually quite complex, bureaucratic, and takes a considerable number of years, considering the difficulty of relocating these concessions to new areas suitable for aquaculture." Matt Craze is the founder of UK and Chile-based Spheric Research, which studies global seafood markets. He says that Chile's salmon industry would invest more money "if they felt that there was a better regulatory framework, and the government gave some certainty about the areas where they can farm". Yet with a general election due in Chile later this year, the uncertainty may continue at least in the short term. Winemakers finding Trump's tariffs hard to swallow Did Trump really strike Gulf deals worth $2tn? The world's most dangerous country for trade unionists Is the US finally on track to build a high-speed rail network?
BBC News
28-05-2025
- Business
- BBC News
Chile's salmon farms hope for calmer waters
Chile is the world's second-largest exporter of farmed salmon, and the biggest supplier to the US. In the south of the country a dispute continues over the large number of salmon farms that are located in supposedly protected port city of Puerto Montt, more than 1,000km (600 miles) south of Chile's capital Santiago, is at the heart of the country's farmed Atlantic salmon a processing facility on the outskirts of town workers kitted out in white suits, hairnets, facemasks, and blue plastic gloves and boots prepare fresh and smoked salmon for export to the US and a spacious meeting room, Fracisco Lobos, the chief corporate officer for the plant's owner – salmon-exporter Multi X – explains how farming the fish has transformed the south of Chile."Salmon's been part of this region's industrial revolution," he says. "There used to be a lot of poverty in the region, and now many people earn more than in other parts of Chile."Because of the industry a lot of support services have sprung up, which benefit the families living here, and people have moved here from other parts of the country for work." Atlantic salmon are not native to Chile. Instead, eggs were brought over to Chile from the UK at the end of the 19th Century and released into rivers, lakes and the sea to grow into fish for recreational the fish in netted, offshore pens then started in the 1970s, before growing substantially ever since. There were 1,343 active salmon farms across southern Chile at the end of last 2024 as a whole, Chile exported 782,076 tonnes of salmon and trout, according to the latest annual figures from the Chile's National Customs Service. The vast majority of this is salmon, but the two fish are counted together in the official was worth $6.4bn (£4.8bn), making it Chile's third-biggest export after copper in first place and fresh fruit. It also means that Chile's salmon exports are only surpassed by Norway's. Some 86,000 people now work directly or indirectly for Chile's farmed salmon industry, according to trade body Salmón Chile. The farms stretch from the Biobío region, which is around 500km south of Santiago, right down to the Magallanes region in the far Patagonian south of the country, and more than 2,000km away from the global demand for farmed salmon due to grow by 40% by 2033, according to one report, Chilean producers are keen to increase their production. However, it actually fell slightly last Chile's chairman, Arturo Clements, says the government needs to do more to help the industry expand."For us it's been very difficult to grow, because we have too many regulations, and we have too many conflicts regarding the use of the sea," he says. "What we need is to define a long-term strategy regarding salmon farming." Much of the conflict concerns the locations of many of the fish farms, which critics say are highly specifically, there are 408 salmon farming concessions – licenses granted by the government that allow a company to operate a salmon farm in a specific area – within supposedly environmentally protected areas in include 294 in national reserves, where limited commercial use of natural resources is allowed. And 29 in the more strictly controlled national parks, where business operations are officially not supposed to be Liberona is the executive director of Terram, a foundation that promotes sustainable development. In her hot and sticky office in an old building in the centre of Santiago she describes an environmental campaign that she's part of – Salvemos La Patagonia or Save wants to protect the natural habitat of the entire Chilean Patagonia region. This vast geographic area starts north of Puerto Montt and then extends all the way down to the very base of the country. And it is where most of the salmon farms are located, in its many fjords."We want the salmon farms to stop operating in the national parks and national reserves," says Ms Liberona."The salmon farming causes various environmental problems. One is that the fish are kept in cages and fed with pellets."A lot of the pellets and fish faeces end up on the seabed and that leads to less oxygen which kills the sea life in the ocean underneath the cages, and depending on the current, elsewhere in the sea." When these concerns are put to Mr Clement from Salmón Chile, he explains that there are different categories for the salmon farming concessions."In terms of concessions in the national parks we have 21 that we aren't using," he says. "We have told the government that we don't want to be there and asked to be relocated but nothing has happened for many years."Regarding salmon farming in national reserves, he says that is a different environment which, according to Chilean law and the rules and regulations they follow, they can operate Chile, the salmon industry is regulated by The Undersecretariat for Fisheries and Aquaculture, a public body that is part of the Ministry of Economy, Development and looks at environmental protection and sustainability, and is also working on a new general aquaculture law to further regulate the sector. Julio Salas Gutiérrez, the Chilean Undersecretary of Fisheries and Aquaculture, tells the BBC that the government is working to remove fish farms from the national parks."It's not right to claim that the government 'has done nothing for years' regarding the relocation of concessions outside of national parks," he says. "Under the current administration, efforts have been made not only to understand the problem, but also to advance it."The relocation process itself is usually quite complex, bureaucratic, and takes a considerable number of years, considering the difficulty of relocating these concessions to new areas suitable for aquaculture."Matt Craze is the founder of UK and Chile-based Spheric Research, which studies global seafood markets. He says that Chile's salmon industry would invest more money "if they felt that there was a better regulatory framework, and the government gave some certainty about the areas where they can farm".Yet with a general election due in Chile later this year, the uncertainty may continue at least in the short term.
