World: Experts spoke about the main drivers of salmon market growth
Salmon
Seafood
Russia
Market & Price Trends
Published Mar 12, 2024
Tridge summary
The global salmon market is projected to grow from $17.3 billion in 2023 to $35.5 billion by 2032, at an average annual rate of 8.6%, according to Global Market Insights Inc. This growth is primarily driven by the popularity of chilled (fresh) salmon, predominantly distributed through supermarkets and hypermarkets. However, factors such as the rising trend of veganism, depletion of wild salmon stocks, and a decrease in purchasing power could potentially impede this growth.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.
Original content
Analysts at Global Market Insights Inc estimated the volume of the global salmon market at $17.3 billion at the end of 2023. In the report, experts predict that in the next nine years this sector will grow by an average of 8.6% per year and amount to $35.5 billion based on the results of 2032. Experts have identified the following drivers of market growth: Experts also noted that the dominant market share (33% for 2023) is occupied by chilled (fresh) salmon, and the main distribution channels are supermarkets ...
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