The global smoked salmon market size is projected to grow meteorically in the forthcoming years. Consumers' busy lifestyles augmented the demand for processed foods due to the convenience and supposed health benefits. The escalating demand for processed fish is expected to be the key driver for the market growth. Fortune Business Insights™ has elaborated this information in an upcoming report, titled, “Smoked Salmon Market, 2024-2032”.
Smoked salmon is a type of salmon preparation, typically made using fillets that are cured and then either hot or cold smoked. This process enhances the fish's flavor and texture while preserving its nutritional value. Rich in omega-3 fatty acids, proteins, vitamins, selenium, and potassium, smoked salmon offers several health benefits, including lowering high blood pressure and reducing the risk of heart disease. Additionally, the growing health consciousness among millennials has fueled demand for flavorful meals that also provide significant nutritional benefits.
The smoked salmon fish market is gaining immense popularity due to several reasons. For instance, the rising popularity of organic food consumption due to their sustainability and chemical-free traits have induced the manufacturers to launch organic smoked salmon. The surging popularity of organic salmon is anticipated to fuel the market in the upcoming years.
Information Source: https://www.fortunebusinessinsights.com/smoked-salmon-market-104378
Key Players in the Global Smoked Salmon Market are:
- Marine Harvest
- GrupoUBAGO
- Delpeyrat
- UAB Norvelita
- Specialty Food Association Inc.
- Meralliance
- TSAILIOS
- Grieg Seafood
- Gottfried Friedrichs KG
- Acme Smoked Fish Corp
Segmentation-
On the basis of type, the market is bifurcated into cold-smoked salmon and hot-smoke salmon. On the basis of end-use application, the market is segmented into household and commercial. Geographically, the market is classified into South America, North America, Asia Pacific, Europe, and the Middle East & Africa.
Report Coverage-
- The report provides vital information on different market segments such as type and end-use application.
- The report employs SWOT Analysis and Porters’ Five Forces Analysis for an unerring market prediction.
- It provides valuable insights into the regulatory scenarios of the market.
- The report also analyzes the impact of the COVID-19 pandemic and suggests strategies for future growth.
Drivers & Restraints-
Rising Popularity of Processed Salmon to Augment Market Growth
Salmon possess several nutrients. It has high levels of proteins, vitamins, omega-3 fatty acids, potassium, and selenium. These nutrients reduce the risks of heart diseases and help to maintain blood pressure. The rising health consciousness among people is expected to bolster the global smoked salmon market growth.
The rising popularity of organic foods due to sustainability and chemical-free attributes has induced producers to launch organic smoked salmon. For example, JCS Fish Ltd. launched an opulent range of organic smoked salmon called BigFish Signature in September 2019. The fish is cured by hands with natural salt.
New product launches by key manufactures and the rising demand for seafood because of its nutritional properties and rich taste are some of the factors expected to drive the market in the coming years.
However, the high product price due to the low availability of the product is expected to impede the market growth.
Regional Insights-
North America to Steer Dominance Backed by Rising Demand for Convenience Food
North America is projected to witness substantial growth in terms of the global smoked salmon market share. The growth is attributable to the growing consumption of convenience food. Additionally, the wide consumption of the product as cuisine is likely to foster market growth.
Europe is anticipated to gain considerable growth in the global market. The increasing smoked salmon consumption per person is expected to be the major growth driver. Germany is expected to be the leader in the region’s market growth.
Competitive Landscape-
Businesses Aim to Adopt Innovative Strategies to Bolster Growth
The global smoked salmon market comprises a few businesses operating at global and regional levels. Key players are emphasizing on various growth strategies such as partnerships, mergers, acquisitions, new product launches, and technological advancements. For instance, JCS Fish unveiled organic smoked salmon in September 2019. The new facility used for organic salmon follows strict organic standards of the UK.
Industry Developments-
- December 2019: Bleiker’s Smokehouse revamped to a brand new identity to attract young customers and to satisfy the needs of the younger generation.
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