Frozen Smoked Salmon Market Forecast and CAGR
Frozen smoked salmon is a kind of salmon prepared predominantly from a fillet that has been cured and smoked. Smoked salmon is often considered a delicacy due to its relatively high price. Despite the fact that smoked salmon is sometimes referred to as lox, the two are distinct things.
About 85 grams of frozen smoked salmon has about 660 mg of sodium, while an equal amount of fresh cooked salmon has about 50 mg which makes it preferable over other salmon. Smoked salmon also has nitrates and nitrites, which are by-products of the smoking process. Due to these high nutrients content is frozen smoked salmon is expected to witnesses a high demand in the forecasted period.
What is Driving the Demand for Frozen Smoked Salmon?
The frozen smoked salmon demand has grown significantly as a result of factors such as rising customer interest in trying new nutritious foods and dining on foreign cuisines. Frozen smoked salmon is high in B vitamins and selenium, which help the immune system work properly and resist damage to cells and tissues, and vitamin D, which helps to control calcium and phosphate levels in the body, which is essential for strong bones and teeth. This can also help to improve the immune system's normal function.
Frozen smoked salmon is gaining traction among customers and the HoReCa sector as a result of all of the above mentioned advantages, which is finally boosting the demand. The high cost of these items, on the other hand, may limit the growth of the smoked salmon market. Nonetheless, with the steady growth of the fishery and food processing industries, business players have opportunities to invest in this market.
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Health Benefits Associated with Consuming Frozen Smoked Salmon is likely to Boost the Sales
Salmon is a ray-finned fish species present in the North Atlantic and Pacific Oceans, belonging to the Salmonidae tribe. Since frozen smoked salmon is rich in calcium, iodine, vitamin D, vitamin B3, zinc, phosphorus, and omega-3 fatty acids, it is widely consumed around the world.
Since it is one of the primary sources of eicosapentaenoic acid (EPA) and docosahexaenoic acid (DHA), it has a number of health benefits, including reducing inflammation, lowering blood pressure, and improving the efficiency of the cells that line the arteries.
Salmon is used in a number of dishes, including sushi, salads, tartar, sandwiches, and pasta. These health benefit factors of frozen smoked salmon are fueling the market growth around the world.
The US and Canada Frozen Smoked Salmon Market Outlook
Because of the rising tendency of consumers, especially millennials, towards convenience food, North America is expected to see substantial growth in the industry owing to leading consumers like the US and Canada. In addition, frozen smoked salmon is known in the US and Canada as "Nova" and is widely served as cuisine with red onion, ginger, and capers. Manufacturer in these regions is introducing organic frozen smoked salmon as they are free from harmful chemicals as well as are sustainable and hence has better demand.
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Europe Demand Outlook for Frozen Smoked Salmon
Due to the rise in per capita consumption of smoked salmon in Europe, the demand is expected to expand moderately. Germany is the world's largest consumer of frozen smoked salmon, followed by the United Kingdom and France. In 2018, the three countries listed above accounted for 39 percent of overall frozen smoked salmon consumption in Europe, boosting the product's regional sales efficiency.
Who are the Key Manufacturers and Suppliers of Frozen Smoked Salmon?
Some of the major manufacturer and suppliers of frozen smoked salmon are:
- Marine Harvest
- Multi export Foods
- Gottfried Friedrichs
- Thai Union Frozen Products
- Norway Royal Salmon ASA
- Gottfried Friedrichs
- Farne Salmon
- Trout Ltd
- ACME Smoked Fish
- UBAGO GROUP MARE, S.L.
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Frozen Smoked Salmon Market Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company
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On the basis of Type
- Wild captured
On the basis of Species
On the basis of Distribution Channel
- Food Services
- North America
- US & Canada
- Latin America
- Brazil, Mexico, Others
- Western Europe
- Eastern Europe
- Asia Pacific
- Australia and New Zealand (ANZ)
- Greater China
- Rest of Asia Pacific
- Middle East and Africa
- GCC Countries
- Other Middle East
- North Africa
- South Africa
- Other Africa
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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