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Yahoo
5 days ago
- Business
- Yahoo
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
The Herald Scotland
24-04-2025
- Business
- The Herald Scotland
Our seafood can use US tariff volatility to create competitive edge
I was in New York for Tartan Week on the day of the initial tariff declarations and spoke with a big-hitter in our industry – a fish market servicing around 80% of the city's Michelin-star restaurants. They deal in quick turnover produce, with immediate exposure to price hikes. So, while the 90-day reprieve may signal some relief, buyers like our friends in NYC will be recovering from the immediate shockwaves, assessing the impact of blanket baseline tariffs – and looking ahead with trepidation around what may happen next. For our domestic seafood industry, the goalposts also changed quickly. We moved from a situation where the UK's minimum 10% tariff had the potential to create a real competitive advantage, as competitor countries were handed higher rates, to a more level playing field with baseline tariffs for the majority. I believe Scotland's seafood industry can utilise our competitive edge in the face of any future volatility. We've long recognised the significance of the US market for Scottish seafood producers, working hard to facilitate strong relationships with American buyers and bringing Scottish seafood to the fore at events like Seafood Expo North America in Boston. The feedback we get is consistently positive – the reputation of Scotland's seafood, in terms of world-class quality and consistency of supply, is well established. As an industry, we have also become more agile and reactive to market demands and external challenges, like creating added-value products to suit specific locations, and fostering incredibly strong ties with other key seafood markets including Asia and the Middle East, plus our neighbours in Europe, who remain our biggest export customers. Just last week, my colleague was in Japan with Scotland's Minister for Business and Scottish Enterprise's international team – where Scottish mackerel has experienced a ten-fold growth in market share in four years. Reaching out globally allows our industry to showcase its quality, develop new market opportunities, and most importantly at times like these, spread trading risks. However, we deeply value our strong trade ties with the US and are confident our neighbours across the pond value the quality Scotland's seafood industry brings to the table. We also recognise the Secretary of State for Business and Trade, his team and wider UK Government have been working to mitigate tariffs, remaining committed to a future trade deal with the US. This could put us on the front foot again. As the impact of the tariffs becomes clearer, we will listen, engage and work closely with industry and Governments here and abroad to navigate any challenges and sustain Scotland's position in the US market – standing on our reputation for quality to retain our competitive advantage in the face of any volatility. Matthew Hurst is head of trade marketing for the Americas, Seafood Scotland Agenda is a column for outside contributors. Contact: agenda@
CBC
27-03-2025
- Business
- CBC
P.E.I. snow crab fishers to start 2025 season grappling with reduced quota, trade concerns
Social Sharing Snow crab fishers on Prince Edward Island are preparing to start their fishing season next week facing a 33 per cent reduction in the amount they're allowed to catch. The reduction is based on recommendations from scientists with the federal Department of Oceans and Fisheries, who have expressed concerns about the health of snow crab stocks. The stocks tend to rise and fall on a 10-year cycle, and the crab population is now at a below-average mark. "We're kind of on a downhill swing here," said Carter Hutt, president of the P.E.I. Snow Crab Association. "The projection for next year is even down another 10 to 20 per cent," he said, adding that the upswing should be starting again around 2027. "We know it's going to come back… it just takes time for them to get back up to the legal size," Hutt said. The quota reduction for the 2025 fishing season comes as P.E.I.'s seafood industries are wondering about the impacts of U.S. and Chinese tariffs on one of the province's major exports. "There's a lot of variables this year," Hutt said — variables that he thinks will definitely affect the price of snow crab. Fishing for new markets The combination of tariffs and a quota reduction will definitely have an impact on the bottom line of fishermen, Hutt said. "With the price of bait and fuel and everything going the way it's been going the last few years, it's going to make [incomes]… pretty small after you pay all your expenses," he said. "I sure hope Trump makes a decision on April 2 and doesn't put the tariffs on." At the Seafood Expo North America in Boston earlier this month, Canadian crab and lobster industry representatives talked about exploring and developing new markets. Hutt said about 80 per cent of product has been exported to the U.S. in recent years, adding: "We definitely need to expand and look for new markets, for sure. "People seem to be interested in the product, but now what the price is going to be — we'll have to wait and see." Fishing season While there are many variables affecting this year's snow crab fishing season, one thing seems certain: Fishers will be back out on the water at the beginning of April, eager to catch their share of the allowable catch. "The only thing to stop us right now from going on April 1st? It's probably weather," Hutt said. Then P.E.I. fishers will be watching for the return of endangered North Atlantic right whales, which usually happens in early May. If any are spotted in a particular region, the area can be closed to fishing boats, either temporarily or for the whole season. "It's looking great if we can get out on the water early," Hutt said. "Last year, a high percentage of the fishers were done before the whales even showed up, and that's great.
CBC
27-03-2025
- Business
- CBC
Opposition pushes P.E.I. government on tariff preparedness as legislature resumes
As the P.E.I. Legislature resumed for its spring sitting on Wednesday, the Leader of the Opposition questioned the Progressive Conservative government's preparedness to deal with the threat of U.S. tariffs. Premier Rob Lantz said his government will safeguard the province's export-driven economy as it works toward carrying out the pledges in Tuesday's speech from the throne. While few specifics were provided, Lantz said there will be dollars dedicated to the tariff fight in the upcoming budget. "Until we get to the point of our proceedings here in the legislature of tabling a budget, I'm not going to get into a specific number," he said. "The problem is the great unknown about what the impacts of this economic trade war will actually be on the ground." Nova Scotia's government, which tabled its budget in February, included a $200 million contingency fund for its U.S. tariff response. Lantz said the P.E.I. government will also bring legislation this session to bring down interprovincial trade barriers, adding that legislation in Nova Scotia is now the standard across the country. Threats to the economy Hal Perry, the Leader of the Official Opposition, said he's been hearing from Islanders worried about the effects of U.S.-imposed tariffs. "There is great concern across this province," the Liberal MLA said. "My fear is that this government really hasn't worked out any substantial plan to cope with this potential problem." Perry said the uncertainty of the tariff threat is very damaging to Islanders, and asked Lantz which section of the economy is under the greatest threat. "Our entire economy is under threat," Lantz replied. "We have a very trade-dependent economy we've built. Since 2018 — the year before this government took over here — our export trade has grown by over $1 billion." Lantz said his government has a plan, a paper copy of which he held up in the legislature as he spoke about it. The title page carried the words "Protecting Our Future." "This is the blueprint, the framework that we'll follow. We'll have to adjust as circumstances require," Lantz said. Calling the plan "several pages of pictures," Perry said he would not comment on it. Team P.E.I. trade mission Perry also asked Lantz whether he thought the province's mission trip to the U.S. in early January had been a successful project. Lantz replied by mentioning that he also met with Canadian and American business leaders on his recent trip to Boston for the Seafood Expo North America. "What I did hear down there is that we have a lot of allies and advocates for our cause down there, and I did hear that the bus tour was very much appreciated because it brought attention… at the beginning of this situation," Lantz said. "Part of this trade war… is a communications war, as many people south of the border are not very well apprised about how it's galvanized this country north of the border," the premier said. "Everything we do south of the border to bring attention to this to people on the ground, to plain citizens of the United States, will help bring attention to this and end this tariff war sooner than later," he said. Perry called the bus trip "quite silly" and said he hopes there isn't another one in the works. 'An opportunity on this side of the border' While U.S. tariffs are effectively taxes on consumers in the U.S., who pay higher prices on imports as a result of the tariffs being placed at the U.S. border, Lantz said one of his biggest concerns is about how that will affect Canadian suppliers. "My great fear is that buyers in the U.S. are going to squeeze suppliers in Canada to take that tariff out of their margin, to squeeze them for prices," Lantz said. He said some big retailers are already trying to do that. "I have to underscore that the Americans must be the ones to feel the pain of the tariffs that they've imposed on themselves," Lantz said. But it's not just Americans who will experience the consequences, Perry said: "Islanders from every sector are going to feel that pain." Lantz agreed, saying that everything that moves from this province across the border would be impacted under a general tariff regime, but he pointed out that we don't know exactly what that will mean. "I'm still hopeful that, as we see the economic impacts in the U.S., that people who have influence with Donald Trump will make him see sense." Perry said the government's plan is to "basically just wait, wait, wait, and see who else is going to come in to help us." But Lantz said he sees a potential opportunity for Prince Edward Island and Canada as the U.S. business innovation ecosystem is disrupted by the uncertainty. "A lot of research and innovation has come to a standstill in the United States, and that's not an exaggeration," Lantz said, referencing the U.S. government's dismantling of federal agencies, as well as its defunding of research and academic institutes. "There's an opportunity on this side of the border to attract some of the important sectors like aerospace, like research and development, like biopharmaceutical," he said.
CBC
22-03-2025
- Business
- CBC
Fishing for Canadian seafood at the grocery store? Labels may not tell the whole story
Fish caught in Canadian waters but processed elsewhere could be labelled an international product A trade war with the United States and China has spurred many Canadians to buy local, but seafood lovers looking for truly made-in-Canada options may find reading grocery store labels challenging. The Canadian Food Inspection Agency requires seafood to be labelled according to where it was processed, not where it was caught or farmed, meaning fish from Canadian waters could be labelled as an international product. "Because seafood is such a global commodity and has a very complex supply chain, you're often not going to see a product that is both caught and processed in the same country," said Christina Callegari, senior co-ordinator for marine programs at the Ecology Action Centre, in a recent interview on CBC Radio's Information Morning Halifax. "Often times, seafood gets shipped off to China to be processed and then can be sent back to Canada ... and then it gets labelled as a product of China." Callegari added that federal regulations for "Made In Canada" and "Product Of Canada" labels have different standards, so she recommends consumers looking to buy Canadian seafood stick with the latter label. "If you have a label that says 'Product Of Canada,' the guidance suggest that that should be a product that is both caught and farmed and processed in Canada," she said. "But again, this is also only voluntary, so industry doesn't actually need to put this on a label." Callegari is also a member of SeaChoice, a collaboration between the Halifax-based Ecology Action Centre, the David Suzuki Foundation and the Living Oceans Society that advocates for sustainability and traceability throughout the seafood supply chain. Recently, Callegari attended the Seafood Expo North America in Boston, where she said much of the chatter was around tariffs from China and the U.S. U.S. President Donald Trump has imposed 25 per cent tariffs on some Canadian goods, ostensibly to spur action on fentanyl and migrants at the northern border. A 25 per cent levy on steel and aluminum imports was later tacked on, with additional retaliatory tariffs expected April 2 that will target seafood, among other Canadian exports. Meanwhile, China slapped a 25 per cent tariff on multiple Canadian seafood products on March 20 in retaliation for levies Canada brought in October on steel, aluminum and electric vehicles. The list of over 40 Canadian products facing the tariff includes lobster, crab, shrimp and halibut. Go to the source Callegari encourages consumers who want to know where their seafood came from and where it was processed go to fishmongers, markets or to fishers directly to buy their products. "Being able to physically talk to the person and have them describe to you where it was caught, how it was caught and what species it is, is a really great way to try to support local and make sure that that product is coming from where you want it to come from," she said. SeaChoice has been calling for improved labelling that would specify not only where but how the product was caught or farmed and processed, as well as the scientific name of the species. Callegari said the European Union, which requires that information on the majority of its seafood, is the "gold standard" for labelling regulations and Canada should follow its boat-to-plate model. "On the consumer side, if you're looking for a sustainable product, it's really important to know these criteria because it can help you make a decision," she said. "On the industry side, it can be helpful because of course if you're wanting to make people know that your product is Canadian or it is from Nova Scotia, having that on a label is really helpful from a marketing perspective and so that our local fishermen aren't being, you know, cut out of the market."
