Salmon - Global Research And Market Analysis by FoodResearchLab

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GLOBAL RESEARCH AND MARKET
ANALYSIS ON SALMON
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TODAY'S DISCUSSION
Introduction Market Trends Factors affecting the
growth Challenge for Salmon market
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INTRODUCTION
Salmon has been one of the most consumed fishes
since historic times. The pale pink flesh is
their trademark feature. The aquatic beings are
found extensively along the Atlantic and Pacific
oceans. Based on availability, they can be wild
or farmed. Salmon is a powerhouse of nutrients.
The wild variety has a higher proportion of
nutrients than the farmed one. They are rich in
omega-3 fatty acids that benefit heart and brain
health and reduce inflammation. Vitamin B-12 is
also abundant, which is necessary for the
production red blood cells and nervous system
regulation. Vitamin A helps in good vision and
healthy skin, while vitamin D is crucial for
bone health. Minerals like selenium help regulate
thyroid function and the presence of potassium
assists in lowering blood pressure.
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Fig Salmon is a powerhouse of nutrients
159 of your daily intake
Vitamin B12
Vitamin D
OMEGA-3 per
Vitamin B1
100g
42 of your
daily intake
PROTEIN per
100g
Mineral Phosphorus
Mineral Magnesium
Mineral Potassium
Mineral Selenium
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MARKET TRENDS
The global salmon market was priced
at US 14 . 87 billion in 2021 and is
anticipated to r ise at a Compound Annual
Growth Rate ( CAGR) of 8 . 5 from
2022 to 2030 . Some factors could lead to this
r ise.
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FACTORS AFFECTING THE GROWTH
1 . Versatility - Salmon fish is highly
versatile and have a less fishy taste than other
variants, such as mackerel. I t can be steamed,
grilled or sauteed. I t is also consumed raw in
sushi and sashmi, rendering i t a popular choice
for consumption.
2 . Increasing awareness of the people
- Versatility, along with an increasing
awareness of the
health market. People' s dietary
benefits of Salmon, led choices
to the growth of Salmon from
have
shifted
carbohydrate- r ich to
protein- r ich food. 3 . Increase in
availability of Salmon - The expansion of
the food industr y and increased
availability of product forms l ike freeze- dried
and ready- to- eat have skyrocketed the growth
of the salmon market.
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• Demand for omega-3 capsules- During COVID-19
  times, there was an increasing demand for
  omega-3 supplements since there was an increased
  burden of depression reported among younger
  individuals, and this fatty acid is known to
  manage symptoms of depression. This caused a
  noticeable increase in the demand and
  consumption of Salmon, for salmon oil capsules
  are among the most common omega-3 oil sources.
• Other factors causing a rise in Salmon market-
• Increased purchasing power of consumers
• Interest in consuming other cuisine, especially
  Asian cuisine.
• Emigration of Asians to the US.
• Increase in fish farming has led to an increase
  in the supply of Salmon fish.

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CHALLENGE FOR SALMON MARKET
A significant challenge in popularity of veganis
m.
the salmon market is the r ise in numbers and
People choose to be vegan due to health,
environment and ethical reasons. In the UK
alone, the numbers rose from 0 . 28 million
in 2022 to 0 . 6 million in 2020 . 6 However,
Salmon still continues to be extensively farmed
and consumed due to the high demand for i ts
nutritional profile
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CONCLUSION
Salmon is a versatile fish renowned for its
flavour and nutritional value. Many factors
cause an increase in the salmon market, like an
increase in the knowledge of its nutritional
value. Innovations in the development of food
products can help bolster the salmon
market. Pepgra's Food Research Lab has expertise
in developing new minimally processed yet
delectable recipes, giving importance to taste
and nutrition. In addition, we can assist in the
formulation of Salmon based food products like
sauces that find their use in a plethora of food
items. In the case of frozen Salmon, we assist in
developing packaging that extends the shelf-life
duration to yield its maximum benefits.
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