The global smoked salmon market was estimated at USD 12.59 billion in 2024 and is projected to rise to USD 13.23 billion in 2025. By 2030, the market is expected to reach USD 17.28 billion, growing at a CAGR of 5.48% throughout the forecast period. In 2024, Europe dominated the market, accounting for 44.72% of the global share.
Smoked salmon is a processed seafood product that undergoes curing followed by either hot or cold smoking. It is recognized for its high nutritional value, being rich in omega-3 fatty acids, protein, phosphorus, copper, and vitamins B6 and B12, all of which play a key role in overall health. Popular varieties across global markets include Atlantic salmon, smoked trout, and wild sockeye salmon. Although the tradition of smoking fish is centuries old, consumption has surged in recent years, largely due to rising health awareness. Its benefits—such as promoting cardiovascular health and potentially reducing cancer risks—combined with increasing demand for animal-based protein and expanding industry participation, are driving market growth.
Information Source: https://www.fortunebusinessinsights.com/smoked-salmon-market-104378
Market Trends
Growing Preference for Clean Label and Sustainable Products
With consumers placing greater emphasis on ingredient transparency and natural sourcing, the demand for clean-label and eco-friendly smoked salmon is gaining traction. This shift is encouraging producers to expand product lines that meet these expectations. Additionally, many consumers are willing to pay premium prices for products carrying clean-label certifications, further supporting market expansion.
Segmentation Insights
Cold-smoked salmon held the largest share in 2024 due to its stronger nutritional profile compared to hot-smoked alternatives, while the household segment dominated the application category, highlighting its widespread consumption at the consumer level.
Regional Analysis
The market is segmented across North America, Europe, Asia Pacific, South America, and the Middle East & Africa. Europe maintained the leading position in 2024, supported by strong import volumes and growing interest in sustainably sourced seafood, particularly Atlantic salmon, which remains the most consumed variety in the region. North America ranked third globally, with demand largely driven by rising health consciousness and recognition of omega-3-related benefits.
Competitive Landscape
In 2024, leading players such as Mowi, Austevoll Seafood ASA, Thai Union Group, Labeyrie Fine Foods, and Ocean Beauty Seafoods accounted for nearly 40% of the total market share. These companies continue to broaden their international presence to capture increasing demand and secure stronger positions across major regions.
Report Scope
This market research study offers both qualitative and quantitative analysis, covering market size, growth rates, segment performance, and regional dynamics to provide a complete picture of the industry.
Key Companies Profiled
- Mowi (Norway)
- Labeyrie Fine Foods (France)
- Ocean Beauty Seafoods (U.S.)
- Austevoll Seafood ASA (Norway)
- Suempol (Poland)
- Milarex (Norway)
- SalMar ASA (Norway)
- Thai Union Group PCL (Thailand)
- ACME Smoked Fish (U.S.)
- Cooke, Inc. (Canada)
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Recent Industry Development
In March 2024, Mowi introduced its “7 Origins of Salmon” campaign at the Seafood Expo North America. The initiative highlighted a wide range of salmon products—including smoked, frozen, and fresh options—catering to both retail and food service customers.
