Report Overview
Land-based salmon refers to salmon cultivated using advanced land-based aquaculture technologies, including Recirculating Aquaculture Systems (RAS). These methods enable controlled environments that mitigate pollution risks, optimize growth conditions, and improve sustainability. The primary species cultured using this method are Atlantic Salmon, Sockeye Salmon, and Coho Salmon.
MARKET SHARES
THE GLOBAL LAND-BASED SALMON MARKET WAS VALUED AT APPROXIMATELY USD 158.60 MILLION IN 2023. WITH A PROJECTED COMPOUND ANNUAL GROWTH RATE (CAGR) OF 30.00%, THE MARKET IS EXPECTED TO REACH USD 1681.87 MILLION BY 2032.
THE NORTH AMERICAN MARKET, A KEY PLAYER IN THE INDUSTRY, WAS ESTIMATED AT USD 65.31 MILLION IN 2023 AND IS FORECASTED TO GROW AT A CAGR OF 25.71% THROUGH 2032. THIS GROWTH IS DRIVEN BY INCREASING CONSUMER DEMAND FOR SUSTAINABLY FARMED SEAFOOD, COUPLED WITH ADVANCEMENTS IN AQUACULTURE TECHNOLOGY .
KEY COMPANY
•PURE SALMON
•ATLANTIC SAPPHIRE
•AQUABOUNTY
•MATORKA
•KUTERRA LIMITED
•DANISH SALMON
•SUPERIOR FRESH
•SAMHERJI FISKELDI LTD
• Market Segmentation (by Type)
Food Service Sector: Restaurants, hotels, and catering services are key buyers of land-based salmon, driving bulk demand.
Retail Sector: Supermarkets, hypermarkets, and online stores play a crucial role in market distribution.
Market Segmentation (by Application)
Atlantic Salmon: The dominant species in land-based aquaculture due to its high market demand.
Others: Includes Sockeye Salmon, Coho Salmon, and other niche varieties.
Geographic Segmentation
•North America (USA, Canada, Mexico)
•Europe (Germany, UK, France, Russia, Italy, Rest of Europe)
•Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)
•South America (Brazil, Argentina, Columbia, Rest of South America)
•The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)
