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Global Salmon Market Outlook
Projected growth trends in the salmon aquaculture sector.
Primary Sources
Salmon Farms on Land Take Aim at a $19 Billion Industry
This article was produced in collaboration with Bloomberg Businessweek. It may not be reproduced without express permission from FERN. If you are interested in republishing or reposting this article, please contact [email protected]. Standing on a palatial salmon farm next to the Florida Everglades, Damien Claire isn’t bothered by the water dripping from the pipes and ducts overhead, even as it soaks his company-issued button-up and shaggy brown hair. Instead, the 47-year-old chief marketing officer for aquaculture company Atlantic Sapphire ASA is focused on the 450,000-gallon tank before him swirling with some 30,000 fully grown salmon. When one, a 10-pounder, leaps from the water, Claire yelps, “She says hi!” This wasn’t the future he’d imagined for himself two decades ago, when he was a “tech guy” at a Wall Street hedge fund. But Claire couldn’t resist the pivot when, in 2011, he met Atlantic Sapphire co-founder Johan Andreassen, who said to him, “I’m going to change the world—do you want to be a part of it?” Salmon are an unlikely vehicle for a world-changing venture, but Andreassen and his cousin Bjorn-Vegard Lovik saw potential to alter the way fish are grown for human consumption. In the 1990s the cousins were the first to introduce tiny, sea-lice-eating fish into open-water salmon cages, called net-pens, in their native Romsdal, Norway. The tactic has been successful at curbing sea-lice-related deaths, yet infestations, along with disease outbreaks and mass escapes that threaten native marine species, remain major problems. The net-pen industry produces 99% of the salmon the world eats, yet the mortality rate is estimated at 10% to 15%. Andreassen and Lovik were looking for a better way to raise the fish, so in 2010 they founded Atlantic Sapphire and established their first “bluehouse” in Denmark. The bluehouse, like a greenhouse with water, utilized a complex filtering technique called a recirculating aquaculture system (RAS) to raise Atlantic salmon in highly controlled conditions entirely on land. Some of the concrete tanks at Atlantic Sapphire’s bluehouse in Florida. The plan is to produce 180,000 metric tons of salmon a year at this facility by 2031. Some 3.8 million metric tons of salmon—about 700 million individual fish—are consumed globally each year, fueling a $19 billion industry that’s projected to more than double over the next decade. By volume, the US is the planet’s largest salmon consumer—the average American eats about 3 poun...
Salmon Farming Market to Reach USD 29.94 Billion by 2034 at ... - LinkedIn
SALMON FARMING MARKET OVERVIEW: Salmon Farming Market is rapidly emerging as one of the most significant sectors within the global aquaculture industry. Valued at USD 16.22 billion in 2024, the market is projected to reach USD 29.94 billion by 2034, growing at a steady CAGR of 9.4%. Driven by rising demand for high-protein seafood, sustainability concerns, and advancements in aquaculture technologies, salmon farming is transforming how the world sources one of its most consumed fish species. As wild fish stocks decline and global protein consumption rises, farmed salmon is becoming a strategic solution for food security and sustainable nutrition. Grab your Sample Report: What is Salmon Farming and Why is it Gaining Global Attention? Salmon farming is a specialized form of aquaculture that involves breeding, rearing, and harvesting salmon in controlled environments. The process typically begins in freshwater hatcheries, where eggs are incubated and juveniles are raised before being transferred to marine net pens or land-based systems for growth. This controlled lifecycle ensures: Consistent supply and quality Reduced dependency on wild fisheries Improved traceability and food safety With increasing consumer awareness around sustainable seafood, salmon farming is gaining traction as a reliable and scalable production model. Key Growth Drivers in the Salmon Farming Market 1. Rising Demand for Sustainable Protein Sources Consumers worldwide are shifting toward healthier, protein-rich diets, and salmon is a preferred choice due to its high omega-3 content. Farmed salmon offers a dependable alternative to wild catch, supporting year-round availability. 2. Decline in Wild Fish Stocks Overfishing and environmental pressures have reduced wild salmon populations, making aquaculture essential for meeting global demand without harming ecosystems. 3. Technological Advancements in Aquaculture Innovations such as: Recirculating Aquaculture Systems (RAS) AI-based feeding systems Underwater monitoring technologies are improving efficiency, reducing waste, and enhancing fish health. 4. Expansion of Global Seafood Trade International trade agreements and improved cold-chain logistics are enabling producers to access global markets, driving revenue growth. Regional Insights: Where the Growth is Happening Europe: The Global Leader in Salmon Farming Europe dominates the salmon farming market, with Norway at the forefront. The region benefits from: Ideal f...
Foreign Industry Groups Are Pushing to Kill BC Salmon Farm Ban
... global salmon farming industry. In Scotland, almost 36 million farmed ... land-based salmon farms. But the international industry group executives ...
Pure Salmon Japan Secures $180 Million Fortress-Led Funding for ...
15 hours ago ... ... land-based salmon farming facility currently under construction in Japan. ... We provide a quick daily snapshot of the global seafood industry. Published ...
