Global Salmon Sausage Market - Forecast(2024 - 2030)

Global Salmon Sausage Market Overview

The Global Salmon Sausage Market size is estimated to reach $5.1 billion by 2027. Furthermore, it is poised to grow at a CAGR of 3.2% over the forecast period of 2022-2027. Salmon is a good source of omega 3 fatty acids as well as protein. Salmon contains both of the essential elements that human bodies require in adequate amounts. Although the global salmon sausage industry has experienced significant demand drops in the past, the growing consumer demand for a healthy lifestyle has strengthened the global salmon market once again. Salmon is consumed in a variety of ways, including sausages, steaks, smoked sausage, wild salmon and stock, with salmon sausage along with breadcrumbs having a high demand among consumers owing to its taste, convenience, and variety. Pertaining to shifting consumer food consumption trends and patterns, the salmon sausage market is poised to grow in demand during the forecast period. Furthermore, sausage diets rich in omega 3 fatty acids and protein help to enhance bone joints, insulin flow, and the digestive system. Owing to the convenience of consumption under a daily time crunch, the salmon sausage industry is growing in popularity. Salmon sausage is available in a number of consumption forms to cater to the diverse tastes and preferences of consumers. Excessive intake of sausages, on the other hand, can lead to bowel cancer, which could be a huge impediment to the salmon sausage business. Salmon is blended with pork fat and fillers such as starch, soy concentrate, or carrageenan to improve the texture of the fish, however this can result in an accumulation of high calories with frequent consumption, slowing the growth of the global salmon sausage industry.

Global Salmon Sausage Market Report Coverage

The report: “Global Salmon Sausage Market Forecast (2022-2027)", by Industry ARC covers an in-depth analysis of the following segments of the Global Salmon Sausage Industry.

By Salmon Type - Chinook Salmon, Atlantic Salmon, Pink Salmon, Sockeye Salmon, Chum Salmon, and Coho Salmon.
By Sausage Type – Cooked Sausage, Smoked Sausage, Fresh Sausage, Dry Sausage, Others
By End Users – Residential and Restaurants.
By Distribution Channel – Online and Offline.
By Geography- North America (U.S., Canada, Mexico), Europe (Germany, United Kingdom (U.K.), France, Italy, Spain, Russia, and Rest of Europe), Asia Pacific (China, Japan India, South Korea, Australia, and New Zealand, and Rest of Asia Pacific), South America (Brazil, Argentina, and Rest of South America), and Rest of the World (the Middle East, and Africa).

Key Takeaways

• Geographically, North America owing to the increasing demand for Global Salmon Sausage accounted for the highest revenue share in 2021. Pertaining to the multiple health benefits of salmon, such as appropriate functioning of cells, including the nervous system, creating, mending, and maintaining cells, as well as being essential for foetal and infant growth and development, Asia-Pacific is the largest and fastest-growing market for salmon sausages.
• During the forecast period 2022-2027, salmon sausages are increasingly being used in the creation of spaghetti, salads, burgers, tartar sauce, and other meals that are part of their regular diet.
• A detailed analysis of strengths, weaknesses, opportunities, and threats will be provided in the Global Salmon Sausage Market Report.

Global Salmon Sausage Market Geography (%) for 2021.

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Global Salmon Sausage Market Segment Analysis-By Salmon Type

The Global Salmon Sausage market based on salmon type can be further segmented into Chinook Salmon, Atlantic Salmon, Pink Salmon, Sockeye Salmon, Chum Salmon, and Coho Salmon. In 2021, the Atlantic Salmon category had the most market share. The most extensively grown species of salmon is Atlantic salmon, which leads the Salmon sausages Market globally. Currently, Atlantic salmon is the most extensively consumed salmon species. Proteins, vitamins, and omega-3 fatty acids are abundant in this food. In the first half of 2019, prices for Atlantic salmon output fell dramatically in both Norway and Chile. Following that, the downward price trend was abruptly reversed, and prices rose to near-record highs, owing mostly to ever-increasing demand in both conventional and emerging markets, such as China.

However, Pink Salmon segment of the market is estimated to be the fastest-growing, with a CAGR of 3.6% over the forecast period of 2022-2027. The global salmon sausage company is growing in response to rising canned pink salmon sales. Based on regional differences in consumption patterns, tastes, and preferences, demand for such species has grown significantly. Furthermore, in response to increased demand, producers have begun to include such salmon sausages in their product offerings. All these factors together are to pave way for the segmental market growth.

Global Salmon Sausage Market Segment Analysis-By Distribution Channel

The Global Salmon Sausage market based on distribution channel can be further segmented into offline and online. In 2021, the offline category has accounted for largest market share. This is owing to the easy availability of salmon sausages in various supermarkets, hypermarkets, and small stores. However, online segment of the market is estimated to be the fastest-growing, with a CAGR of 4.5% over the forecast period of 2022-2027. This is mostly owing to a rise in the number of online retail channels, particularly in developing economies, which has strengthened the penetration of modern grocery retail chains during the COVID-19, contributing to the sales of sausage-based items in the study year. Also, during the forecast period 2021-2027, this segment of the market is anticipated to account for the greatest share. Instacart, ShopFoodEx, Tesco, Sainsbury's, and Asda Stores Limited, FreshDirect, Alibaba Group, Walmart, Kroger, and Amazon are the largest e-commerce portals that sell salmon sausage products. E-commerce platforms also provide users with value-added services such as cash-on-delivery, cash-backs, and discounted prices. As a result, these factors are anticipated to propel the online segment's expansion over the projection period.

Global Salmon Sausage Market Segment Analysis-By Geography

The Global Salmon Sausage market based on Geography can be further segmented into North America, Europe, Asia-Pacific, South America, and the Rest of the World. In 2021, North America dominated the market with a 34% share. This is majorly owing to the growing trend of on-the-go food items, North America maintained a considerable market share in the worldwide hot dogs and sausages market in 2018. Los Angeles, New York City, Philadelphia, Boston, Chicago, Phoenix, Atlanta, Detroit, Washington, DC, and Tampa were among the top hot dog-consuming cities in 2018, according to the National Hot Dog and Sausages Council (NHDSC). According to NHDSC data released in 2018, Los Angeles consumers devoured roughly 31 million pounds of hot dogs, which is higher than neighbouring cities like New York City and Philadelphia.

However, Asia-Pacific is poised to be the fastest-growing, with a CAGR of 4.9% over the forecast period of 2022-2027. With several health benefits of salmon, such as appropriate functioning of cells, including the nervous system, creating, mending, and maintaining cells, as well as being essential for foetal and infant growth and development, Asia-Pacific is fastest-growing market for salmon sausages. It also aids in the maintenance of the body's calcium and phosphorus balance, which is essential for bone health. Leading to an increase in numerous health conditions such as obesity, systemic inflammation, and the risk of developing atherosclerosis, hypertension, and stroke, it is predicted to expand at a promising rate in the Asia Pacific region. People in countries like China and India are going through a dietary shift. As a developed region, there are various technological developments and technological improvements in production procedures. During the projection period, these locations are expected to increase significantly.

Global Salmon Sausage Market Drivers

The increasing health awareness is propelling the market growth

Salmon sausage demand is being fuelled by rising health consciousness, inactive living patterns, and rising obesity among the population. Salmon sausage is utilised in the creation of a variety of foods, including pasta, patties, burgers, and rice meals, because consumers are more concerned with including protein-rich foods in their diets. Furthermore, in response to the high demand for salmon sausage, manufacturers have developed smoked salmon sausage, frozen salmon sausage, and canned salmon sausage to cater to a wide range of consumer preferences.

Salmon sausage sales are surging online, fueling market expansion

Consumers are growing more conscious of quality, nutritional value, and ethical eating behaviors, resulting in value-based purchases, which has fueled industry expansion. Salmon sausage sales are expanding as demand rises through distribution methods such as internet retail and other retail formats. Walmart, Costco, Aldi, Amazon, and other major merchants sell salmon sausages. Furthermore, the number of market players selling salmon sausages online is increasing in order to reach more customers. The online retail format is comfortable for customers, and the growing Internet penetration in countries makes it a better option for increasing market sales.

Global Salmon Sausage Market Challenges

Increase in the demand for plant-based foods are factors impeding the market growth

Demand for plant-based seafood has been impacted by an increase in vegan or vegetarian food consumption. The rise of the salmon sausages industry is influenced by the growing trend of health-conscious foods and customer interest in plant-based seafood. Vegetarianism has gained popularity in recent years. Plant-based seafood is high in nutrients that are necessary for good health. It has advantages such as no fishy odour, no mercury, and no micro plastics. All of this is intended to stifle market expansion.

Global Salmon Sausage Industry Outlook

Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the Global Salmon Sausage Market. Global Salmon Sausage top 10 companies include:

1. Alaska Sausage Company
2. MacKnight
3. Salmon's Meat Products
4. Maruha Nichiro
5. Shuckman's Fish and Smokery
6. Corralitos Market and Sausage Company
7. Kroger
8. Pacific Seafood
9. Zatarain’s
10. Oceans Secret

Recent Developments

• In August 2021, Zatarain’s Smoked Sausage expanded its distribution into Walmart. The supermarket giant joins the ranks of Kroger, Sam’s Club, Food Lion, Meijer, and a slew of independent retailers to stock the popular smoked sausage in store. Furthermore, it would stock the smoked sausage of both Andouille and Cajun Style. Furthermore, Zatarain’s Smoked Sausage is 100% pork and contains no artificial colors or flavors, no by-products, no MSG and is gluten-free.
• In May 2021, Pacific Seafood has launched its value-added products on Amazon Go. One of the major trends which allowed the marketers to adopt for this step is owing to people’s frequency to cook from scratch, and the said trend has been of great help to the company. One of the predominant listings from the company has been -> Tidal Tots with Salmon and Potato & COD & Potato.

Relevant Reports:

Salmon Fish Market- Forecast (2022-2027)

Report Code- FBR 79989

Fish and Fish Products Market- Forecast (2022-2027)

Report Code: FBR 0248 

Non-Meat Ingredients Market - Forecast (2022 - 2027)

Report Code: FBR 77048

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