The global smoked salmon market was valued at USD 12.59 billion in 2024 and is expected to expand from USD 13.23 billion in 2025 to USD 17.28 billion by 2030, reflecting a compound annual growth rate (CAGR) of 5.48% during the forecast period. In 2024, Europe held the dominant position with 44.72% of the global market share.
Prominent players shaping the market include Mowi, Thai Union Group Public Limited Company, Austevoll Seafood ASA, and Ocean Beauty Seafoods.
Smoked salmon is prepared from fish fillets that are cured and then subjected to cold or hot smoking. This delicacy is well known for its high content of omega-3 fatty acids, proteins, copper, phosphorus, and vitamins B12 and B6, all of which contribute significantly to maintaining good health. Popular types available worldwide include wild sockeye salmon, Atlantic salmon, and smoked trout. Although smoking is one of the oldest preservation techniques, its demand has surged in recent years, particularly among health-focused consumers. Its benefits, such as promoting heart health and lowering the risk of chronic illnesses, along with the rising appetite for animal-based protein and increasing industry participation, continue to fuel market expansion.
Information Source: https://www.fortunebusinessinsights.com/smoked-salmon-market-104378
Market Trends
Growing Preference for Clean-Label and Sustainable Seafood
Consumers are shifting toward sustainable and transparent food options, which has bolstered demand for clean-label smoked salmon. Producers are introducing eco-friendly, certified product lines, and many buyers are willing to pay extra for responsibly sourced seafood. This shift is anticipated to remain a key growth driver over the coming years.
Segmentation Insights
Regional Outlook
The smoked salmon market spans North America, Europe, Asia Pacific, South America, and the Middle East & Africa. Europe remained the largest market in 2024, supported by substantial imports and a strong preference for sustainably sourced Atlantic salmon. North America ranked third, with growth driven by increasing awareness of the health benefits of omega-3-rich diets.
Competitive Landscape
As of 2024, leading companies such as Mowi, Austevoll Seafood ASA, Thai Union Group, Labeyrie Fine Foods, and Ocean Beauty Seafoods collectively held nearly 40% of the global market share. These companies are actively expanding their global reach and broadening their product portfolios to strengthen their positions.
Report Highlights
This report delivers an in-depth analysis of the smoked salmon market, covering size, growth projections, key segments, regional performance, and competitive strategies, providing a holistic industry outlook.
Key Market Players