The global smoked salmon market was valued at USD 12.59 billion in 2024. It is expected to increase from USD 13.23 billion in 2025 to USD 17.28 billion by 2030, growing at a compound annual growth rate (CAGR) of 5.48% throughout the forecast period. In 2024, Europe held a dominant position in the market with a 44.72% share.

Smoked salmon is a cured fish product prepared by cold or hot smoking fillets after the curing process. It is notably rich in omega-3 fatty acids, proteins, copper, phosphorus, and vitamins B12 and B6, all essential for maintaining good health. Some well-known types available worldwide include wild sockeye salmon, smoked trout, and Atlantic salmon. Although smoking is an age-old preservation technique, its popularity has increased significantly in recent years, especially among health-conscious consumers. Smoked salmon is recognized for its health benefits such as enhancing cardiovascular health and reducing cancer risk. The growing preference for animal-based protein and the rising number of industry participants are key drivers of the market expansion.

Information Source: https://www.fortunebusinessinsights.com/smoked-salmon-market-104378 

SMOKED SALMON MARKET TRENDS

Expansion of Eco-Friendly and Clean Label Product Lines to Drive Market Growth

As consumer awareness around food ingredients and health rises, clean labels and healthier food options are becoming standard in the processed food sector. The demand for clean-labeled products is expected to grow steadily, offering significant opportunities for companies to broaden their range of eco-friendly and clean label smoked salmon offerings. Many consumers are now ready to pay a premium for products that carry clean label certifications, reflecting a strong shift toward transparency and natural ingredients.

SEGMENTATION ANALYSIS

In 2024, the cold-smoked salmon segment led the market due to its superior nutritional profile compared to hot-smoked variants, while the household segment dominated the smoked salmon market, reflecting widespread consumer usage.

REGIONAL OUTLOOK

The smoked salmon market is analyzed across North America, Europe, Asia Pacific, South America, and the Middle East & Africa. In 2024, Europe held the largest share of the global smoked salmon market, driven mainly by increased import activities and growing demand for sustainable seafood options, with Atlantic salmon being the most popular variety consumed in the region. North America ranked third globally in smoked salmon consumption, influenced by culinary diversity and health awareness, as the high omega-3 fatty acid content has increased the product’s popularity among health-focused consumers.

COMPETITIVE LANDSCAPE

Leading companies such as Mowi, Austevoll Seafood ASA, Thai Union Group Public Limited Company, Labeyrie Fine Foods, and Ocean Beauty Seafoods accounted for approximately 40% of the market share in 2024. These firms are actively expanding their global reach to meet rising consumer demand.

REPORT COVERAGE

This global smoked salmon market research report provides both quantitative and qualitative insights. It delivers an in-depth analysis of market size and growth rates across all relevant market segments.

Key Players Profiled:

• Mowi (Norway)
• Labeyrie Fine Foods (France)
• Ocean Beauty Seafoods (U.S.)
• Austevoll Seafood ASA (Norway)
• Suempol (Poland)
• Milarex (Norway)
• SalMar ASA (Norway)
• Thai Union Group Public Limited Company (Thailand)
• ACME Smoked Fish (U.S.)
• Cooke, Inc. (Canada)

NOTABLE INDUSTRY DEVELOPMENTS

In March 2024, Mowi, a Norwegian smoked salmon producer, launched the “7 Origins of Salmon” campaign at the Seafood Expo in North America. This initiative highlighted their diverse salmon portfolio, including smoked, fresh, and frozen products, targeting both retail and food service customers.