The market for frozen smoked salmon is anticipated to reach a value of USD 2.4 billion in 2023 and grow at a compound annual growth rate (CAGR) of 6.9% to reach a market value of USD 4.8 billion by 2033. From 2018 to 2022, the frozen smoked salmon market has a compound annual growth rate (CAGR) of 3.2%. Over the course of the analysis period, factors that are anticipated to propel market growth include the growing interest among consumers to try new, healthful foods and dine at international restaurants, as well as the growing growth of the food processing and fishing industries.
According to market research and competitive intelligence firm Future Market Insights, the value of the frozen smoked salmon market has expanded globally. The growing demand for healthy food products is one of the main drivers predicted to accelerate market expansion. Growing consumer consciousness regarding health and well-being has led to a growing need for wholesome and nourishing food items. Because it is a rich source of omega-3 fatty acids, which have several health advantages including lowering the risk of heart disease, enhancing brain function, and reducing inflammation, frozen smoked salmon is regarded as a healthy dietary choice.
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The global Frozen Smoked Salmon Market is experiencing a significant surge in demand, driven by evolving consumer preferences and an increasing awareness of the health benefits associated with salmon consumption. This press release highlights key trends, market dynamics, and future growth opportunities in the Frozen Smoked Salmon Market.
Key Trends in the Frozen Smoked Salmon Market
- Health and Wellness Trend:
- Growing consumer awareness about the health benefits of omega-3 fatty acids found in salmon.
- Increasing preference for high-protein, low-fat dietary options.
- Convenience and Ready-to-Eat Products:
- Rising demand for convenient, ready-to-eat food options amid busy lifestyles.
- Expansion of product offerings in the form of pre-sliced, ready-to-serve smoked salmon.
- Sustainability and Ethical Sourcing:
- Greater consumer emphasis on sustainably sourced and ethically produced seafood.
- Companies adopting eco-friendly practices and certifications to meet market demand.
- Culinary Innovations:
- Introduction of new flavors and culinary techniques to enhance the appeal of smoked salmon.
- Use of advanced smoking methods to improve texture and taste.
- E-commerce Growth:
- Surge in online grocery shopping and direct-to-consumer seafood delivery services.
- Retailers leveraging digital platforms to reach a broader audience.
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Major Manufacturers and Suppliers of Frozen Smoked Salmon
The Frozen Smoked Salmon Market is supported by several prominent manufacturers and suppliers who play a crucial role in meeting global demand. Key players include Marine Harvest, one of the largest seafood companies in the world, and Multi Export Foods, known for its high-quality salmon products. Gottfried Friedrichs, a well-established name in the industry, offers a range of smoked seafood delicacies. Thai Union Frozen Products is another significant contributor, renowned for its extensive portfolio of seafood offerings. Norway Royal Salmon ASA, a leader in sustainable salmon farming, ensures a steady supply of premium products. Farne Salmon, with its strong market presence, and Trout Ltd, specializing in both trout and salmon, further diversify the market. ACME Smoked Fish, a family-owned business, has a rich history of producing traditional smoked fish. Lastly, UBAGO GROUP MARE, S.L., known for its innovative seafood solutions, also plays a pivotal role. Together, these companies drive innovation, maintain quality standards, and meet the growing global demand for frozen smoked salmon.
Key Segments of Frozen Smoked Salmon Market
On the Basis of Type:
- Farmed
- Wild captured
On the Basis of Species:
- Atlantic
- Oink
- Chum
- Coho
- Others
On the Basis of Distribution Channel:
- Food Services
- Retail
- Others
By Region:
- North America
- USA & Canada
- Latin America
- Brazil, Mexico, Others
- Western Europe
- EU5
- Nordics
- Benelux
- Eastern Europe
- Asia Pacific
- Australia and New Zealand (ANZ)
- Greater China
- India
- ASEAN
- Rest of Asia Pacific
- Japan
- Middle East and Africa
- GCC Countries
- Other Middle East
- North Africa
- South Africa
- Other Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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