Europe Salmon Market

Market Overview:

The Europe salmon market size reached 1,778,220 Tons in 2023. Looking forward, IMARC Group expects the market to reach 2,314,100 Tons by 2032, exhibiting a growth rate (CAGR) of 2.9% during 2024-2032. The growing health consciousness among the masses, rising practice of salmon farming, and thriving food and beverage (F&B) industry represent some of the key factors driving the market.

Salmon is a large silver-colored fish that lives in fresh and marine water. It is consumed as a food due to the presence of high proteins, high omega-3 fatty acids, and high vitamin D. It is also a rich source of vitamin B12 and B6, selenium, niacin, pantothenic acid, thiamine, and phosphorus. It assists in enhancing deoxyribonucleic acid (DNA) synthesis, thyroid hormone metabolism, and reproductive health. It also aids in producing red blood cells (RBCs) and regulating the health of the central nervous system while decreasing inflammation and supporting brain health. Besides this, it helps lower blood pressure, reduce the risk of cancer, and improve the function of the cells that line arteries. It provides high-quality protein to the body that heals after injury, protects bone health, and maintains muscle mass during weight loss. As it offers potassium that reduces the risk of stroke and helps regulate fluid balance by preventing excess water retention, the demand for salmon is increasing in Europe.

Europe Salmon Market Trends:

At present, there is a rise in the demand for salmon due to various health benefits, such as reduced heart disease, maintained body mass index (BMI), and growth and development of bones. This, along with the increasing health consciousness among the masses, represents one of the key factors supporting the growth of the market in Europe. In addition, the growing demand for varieties of salmon, such as chinook, coho, pink, red, salmo salar, and silverbrite, is offering a favorable market outlook. Besides this, there is an increase in the demand for salmon to prepare numerous dishes, such as pasta, patties, burgers, and rice dishes. This, coupled with the thriving food and beverage (F&B) industry, is propelling the growth of the market in the region. Moreover, key players are introducing different salmon products, such as smoked salmon, salmon oil, salmon spreads, frozen salmon, and canned salmon, to serve various preferences of a wide consumer base in Europe. Apart from this, salmon maintain their own populations and feed on the natural productivity of small ponds supplemented by household vegetable wastes and composts. In line with this, the growing practice of salmon farming in the region is positively influencing the market. Additionally, the wide availability of salmon through online and offline distribution channels is offering lucrative growth opportunities to industry investors in Europe.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the Europe salmon market report, along with forecasts at the regional and country level from 2024-2032. Our report has categorized the market based on type, species, end product type and distribution channel.

Type Insights:

• Farmed
• Wild Captured
   

The report has provided a detailed breakup and analysis of the Europe salmon market based on the type. This includes farmed and wild captured. According to the report, farmed represented the largest segment.

Species Insights:

• Atlantic
• Pink
• Chum/Dog
• Coho
• Sockeye
• Others
   

A detailed breakup and analysis of the Europe salmon market based on the species has also been provided in the report. This includes Atlantic, pink, chum/dog, coho, sockeye, and others. According to the report, Atlantic accounted for the largest market share.

End Product Type Insights:

• Frozen
• Fresh
• Canned
• Others
   

A detailed breakup and analysis of the Europe salmon market based on the end product type has also been provided in the report. This includes frozen, fresh, canned, and others. According to the report, frozen accounted for the largest market share.

Distribution Channel Insights:

• Foodservice
• Retail
   

A detailed breakup and analysis of the Europe salmon market based on the distribution channel has also been provided in the report. This includes foodservice and retail. According to the report, foodservice accounted for the largest market share.

Country Insights:

• Germany
• France
• United Kingdom
• Italy
• Spain
• Others
   

The report has also provided a comprehensive analysis of all the major regional markets, which include Germany, France, the United Kingdom, Italy, Spain, and others. According to the report, Spain was the largest market for salmon in Europe. Some of the factors driving the Spain salmon market included the growing demand for seafood, rising health consciousness among individuals, increasing prevalence of obesity, etc.

Competitive Landscape:

The report has also provided a comprehensive analysis of the competitive landscape in the Europe salmon market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

Report Coverage:

Key Benefits for Stakeholders:

• IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Europe salmon market from 2018-2032.
• The research study provides the latest information on the market drivers, challenges, and opportunities in the Europe salmon market.
• The study maps the leading, as well as the fastest-growing, regional markets.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Europe salmon industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.