Global Land Based Salmon Farming Market Growth 2024-2030

Global Land Based Salmon Farming Market Growth 2024-2030

Product Code:1232698

Published Date: Oct 23,2024

Pages: 184

Region: Global

Category: Agriculture

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Land based salmon is a salmon cultured using land based aquaculture technology and Recirculating Aquaculture System technology. The salmon cultured on land not only keeps away from pollution, but also controls growth. At present, land based salmon is developing rapidly, its main producing area is Europe, especially in Northern Europe, followed by North America and Asia like Japan is also developing rapidly. At present, the main land based salmon species are Atlantic salmon, and others are farmed like Sockeye Salmon and Coho Salmon.

The global Land Based Salmon Farming market size is projected to grow from US$ 845 million in 2024 to US$ 3370 million in 2030; it is expected to grow at a CAGR of 25.9% from 2024 to 2030.

LP Information, Inc. (LPI) ' newest research report, the “Land Based Salmon Farming Industry Forecast” looks at past sales and reviews total world Land Based Salmon Farming sales in 2023, providing a comprehensive analysis by region and market sector of projected Land Based Salmon Farming sales for 2024 through 2030. With Land Based Salmon Farming sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Land Based Salmon Farming industry.

This Insight Report provides a comprehensive analysis of the global Land Based Salmon Farming landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Land Based Salmon Farming portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Land Based Salmon Farming market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Land Based Salmon Farming and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Land Based Salmon Farming.

Land-based salmon farming, as a sustainable and environmentally controllable new aquaculture technology, has garnered significant attention in recent years and exhibited rapid development momentum.

Market Drivers:
1. Sustainability and Environmental Awareness: Amidst the global rise in demand for sustainable seafood, land-based salmon farming is lauded for its reduced reliance on and impact to marine ecosystems. This farming method effectively manages waste discharge and curbs disease transmission risks, aligning with consumer preferences for eco-friendly products.

2. Technological Advancements: The evolution of advanced Recirculating Aquaculture Systems (RAS) and biofiltration technologies have lowered operational costs and enhanced production efficiency, making land-based farming economically more viable. These technological advancements enable greater control over farming conditions, ensuring a consistent supply of high-quality salmon throughout the year.

3. Food Safety and Quality Control: Land-based farming facilitates better monitoring of water quality and feed, reducing the need for antibiotics, thereby offering safer and unpolluted salmon products that satisfy stringent demands for food safety and quality in premium markets.

4. Geographical Flexibility and Proximity to Markets: By establishing facilities near consumer markets inland, land-based farms reduce transportation time and costs, while also avoiding tariffs and logistical complexities associated with international trade.

Market Trends:
1. Scaling Up and Commercialization: With increased investment and maturing technology, land-based salmon farming is transitioning from pilot projects to large-scale commercial operations, as major corporations enter the sector, fueling capacity expansion.

2. Digitalization and Smart Management: The integration of Internet of Things (IoT), big data, and artificial intelligence in farm management optimizes resource utilization, minimizes human errors, and emerges as a new industry trend.

3. Variety Expansion and Genetic Improvement: Beyond the dominant Atlantic salmon, the industry is exploring the cultivation of other salmon species and leveraging genetic editing techniques to enhance disease resistance and growth rates of fish breeds.

Obstacles:
1. High Initial Investment: Constructing efficient land-based aquaculture facilities requires substantial upfront capital investments in land, equipment, and technology acquisition, posing a significant challenge to small enterprises and newcomers to the market.

2. Ongoing Operational Costs: Despite technological progress, maintaining optimal farming environments (e.g., water temperature, quality) and waste management still consume considerable energy, inflating ongoing operational expenses.

3. Lack of Technical Expertise and Management Experience: Compared to traditional marine farming, land-based salmon farming presents a higher technical barrier, with a shortage of specialized talent and inadequate technology transfer mechanisms hindering industry growth.

4. Market Acceptance and Price Competition: Land-based salmon often come at a higher cost than conventionally farmed salmon, necessitating strategies to maintain quality while lowering prices and enhancing competitiveness in the market.

In summary, while land-based salmon farming confronts several challenges, its future outlook remains bright, underpinned by sustainable development, technological innovation, and expanding market demand.

This report presents a comprehensive overview, market shares, and growth opportunities of Land Based Salmon Farming market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
    Atlantic Salmon
    Others

Segmentation by Application:
    Food Service Sector
    Retail Sector

This report also splits the market by region:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
    Salmon Evolution
    Pure Salmon
    Atlantic Sapphire
    Aquabounty
    Matorka
    Kuterra Limited
    Danish Salmon
    Superior Fresh
    Samherji fiskeldi ltd
    Nordic Aquafarms
    Swiss Lachs
    Sustainable Blue
    Cape d'Or
    Andfjord Salmon
    Qingdao Conson Development
    Jurassic Salmon
    Cape Nordic Corporation
    Fish Farm UAE
    West Creek Aquaculture
    Ocean Harvest
    FRD Japan
    Whole Oceans
    Nordic Aqua Partners
    Proximar
    Reocean
    Atland Corporation

Key Questions Addressed in this Report
What is the 10-year outlook for the global Land Based Salmon Farming market?
What factors are driving Land Based Salmon Farming market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Land Based Salmon Farming market opportunities vary by end market size?
How does Land Based Salmon Farming break out by Type, by Application?