Global Smoked Salmon market will reach 13522.3 million US$ by the end of 2025

Publisher: QYResearch

Published Date: 2019/11/21

The Smoked Salmon industry was 9532.3 million USD in 2018 and is projected to reach USD 13522.3 million USD by 2025, at a CAGR (Compounded Annual Growth Rate) of 5.09% between 2019 and 2025.

The industry is relatively fragmented, the key brand includes Marine Harvest, Labeyrie, Lerøy Seafood, Suempol , Thai Union Frozen Products (Meralliance), Young’s Seafood , Salmar, Delpeyrat , Norvelita , Cooke Aquaculture, Norway Royal Salmon ASA, UBAGO GROUP MARE, S.L , Martiko , Multiexport Foods , Grieg Seafood , Gottfried Friedrichs, ACME Smoked Fish. Marine Harvest has its smoked salmon production in Poland, UK, France, Belgium, and its main market are Germany, France, Italy and Belgium. Marine Havest is the global largest producer of smoked salmon. Labeyrie  is the second largest and sells most of its products to France, and has also significant sales to the UK, Spain, Italy and Belgium.

By product, the global Smoked Salmon market is classified into Hot Smoking and Cold Smoking. Cold smoking makes up large percentage with 66.74% in 2018. By application, it is segmented into Food Service Sector and Retail Sector. Retail Sector accounts for 66.45% in 2018, which indicates most smoked salmon are sold by retailers. By the end of 2025, this figure will increase to 67.48%.

The leading companies own the advantages on better performance, more abundant product’s types, better technical and impeccable after-sales service. Consequently, they take the majority of the market share of high-end market. Looking to the future years, the slow downward price trend in recent years will maintain. As competition intensifies, prices gap between different brands will go narrowing. Similarly, there will be fluctuation in gross margin.

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