lautnusantara.com The potential for salmon in the global market is enormous and continues to grow. Here are some key points that illustrate this potential:

1. Strong Market Growth:

• The global salmon market is projected to continue growing significantly. Various reports indicate a market value reaching tens of billions of dollars with a stable and positive compound annual growth rate (CAGR).
• This growth is driven by several factors, including increasing consumer demand for healthy, Omega-3-rich, and highly nutritious protein sources.

2. Increasing Health Awareness:

• Consumers worldwide are increasingly aware of the health benefits of consuming salmon. Salmon is known as an excellent source of protein, Omega-3 fatty acids, vitamins, and minerals that are good for heart and brain health.
• This healthy lifestyle trend is driving increased demand, especially in developed countries like North America and Europe, as well as in emerging markets like the Asia Pacific.

3. Innovation and Development of Aquaculture Technology:

• To meet this growing demand, the salmon aquaculture (fish farming) industry has grown rapidly. More than 99% of Atlantic salmon traded globally comes from farmed sources.
• Technological advances in aquaculture, including recirculating aquaculture systems (RAS) and offshore farming, enable more efficient and sustainable production, addressing biological and environmental challenges.

4. Product Diversification:

The salmon market is no longer limited to fresh or frozen whole salmon. Producers have innovated by launching a variety of derivative products, such as:

• Fresh and frozen salmon fillets.
• Smoked salmon.
• Canned salmon and spreads.
• Salmon oil and supplements.
• Ready-to-eat products.
• This diversification makes salmon more accessible to various consumer segments, including those with busy lifestyles.

5. Demand from Various Market Segments:

Salmon has a strong market share in various segments, including:

• Retail trade: Supermarkets and grocery stores offer fresh, frozen, and processed salmon.
• Food service: Restaurants, hotels, and catering establishments (HoReka) are the main consumers of salmon in their menus.
• Online commerce: E-commerce is becoming an increasingly important distribution channel, offering the convenience of home delivery.

6. Key Producers and Markets:

• Norway is the world's leading producer of Atlantic salmon, followed by Chile. Scotland, Canada, and the Faroe Islands are also important players.
• Europe and North America are the largest consumer markets, with high per capita consumption levels.
• The Asia Pacific, particularly China, Japan, and South Korea, is showing rapid import growth. Rising incomes and urbanization in this region are key drivers.

Challenges and Risks:

Despite its significant potential, the salmon market also faces several challenges, including:

• Biological challenges: Diseases, parasites (such as sea lice), and algal blooms can impact production.
• Regulations and policies: Changes in environmental regulations and policies can impact aquaculture operations.
• Price fluctuations: Salmon prices can fluctuate due to supply, demand, and global market conditions.
• Sustainability issues: Consumers are increasingly concerned about sustainability. The industry must continue to improve environmentally friendly aquaculture practices to maintain competitiveness.

If you are interested in our KING FISH STEAK, WAHOO NATURAL CUT FILLET SKIN ON, WAHOO QUARTER CUT FILLET SKIN ON please do not hesitate to contact us through email and/or whatsapp.