North American Salmon Market Size

Goals

The goal is to determine the North American salmon market size, as well as a segmentation of the farmed salmon market size.

Early Findings

  • The North American salmon market reached 445,480 tons in 2019.
  • The market is expected to grow at a CAGR of 3.4% to reach 544,442 tons by 2025.
  • While the market size for farming salmon specifically is not freely available, we did find that the global fish farming market is expected to reach $376.5 billion by 2025, growing at a CAGR of 4.77%.
  • Salmon prices in the US continue to exceed three-year averages.
  • Global production of farmed Atlantic salmon reached 2.5 million tons by 2019, growing at a CAGR of 6.5%.
  • About 60% of the world's salmon supply is farmed.
  • The US is responsible for about 15% of the world's salmon imports.
  • We found some proprietary research from one of our data partners which may be helpful: Americas Salmon Market: An Analysis (Azoth Analytics, $369) If you'd like us to purchase this report on your behalf, just let us know!

Proposed next steps:

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There is not much publicly available information on the salmon market size and growth globally, and even less for North America. We suggest continuing with the following next steps: - 5-7 trends in the North American salmon market. For each trend, we will include what it is, why it is a trend, how it is affecting companies/the economy/market as a whole, and any examples of companies participating in the trend. We will expand to global if necessary.
Alternatively, we can identify the top 3-4 importers or farmers of Atlantic salmon in North America. For each, we will perform a competitive landscape that includes their revenue, how much (in tons) they import, where they are located, and who they supply.