A Market Place Research – Page 1665

Hemp Clothing Market Demand Expected to Reach $23.02 Billion by 2031 at a CAGR 27.1%

According to a new report published by Allied Market Research, titled, “Hemp Clothing Market,” The hemp clothing market size was valued at $2.29 billion in 2021, and is estimated to reach $23.02 billion by 2031, growing at a CAGR of 27.1% from 2022 to 2031.

Hemp is an industrial variation of cannabis plant. It is the most useful plant known to mankind. In fact, cannabis sativa means useful (sativa) hemp (cannabis). It is used to make over 25,000 different products, most of which are superior alternatives to less environmentally friendly products. Some of the products made are: clothing, shoes, diapers, rope, canvas, cellophane, paints, fuels, chain lubricants, biodegradable plastics, paper, fiberboard, cement blocks, food, cosmetics, and soap. Hemp is the longest and strongest natural fiber known to man, with its use dated back over 10,000 years.

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The hemp clothing market holds a significant scope for growth during the forecast period. Currently, the market is moving toward maturity stage and is expected to garner steady growth in major markets, which include the U.S., China, and India. The hemp clothing market has witnessed steady growth even under several unrests such as global uncertainty, weakened global economy, and others. According to the insights of the CXOs, the activewear segment is anticipated to witness significant growth, owing to increase in the affinity of consumer toward sportswear. In addition, increase in sponsored sports events by government and private organizations to augment the participation of young population from developing regions fosters the growth of the sports apparel segment.

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Key findings of the study

On the basis of type, dress segment dominated the global market and has the Hemp Clothing Market share of 21.2%.
On the basis of end user, women segment would dominate the global Hemp Clothing Market Trends in the year 2021 and is likely to remain dominant during the forecast period.
On the basis of Distribution Channel, others segment is expected to be the fastest growing segment during the forecast period.
Region wise, LAMEA region is expected to be the fastest growing segment during the forecast period and North America dominated the global market with the market share of 40.5%.

The hemp industry continues to provide substantial innovations with regards to cultivation and machinery to develop hemp plants more efficiently. Innovation in cultivation and machinery gives farmers the ability to make plantation and harvest of industrial hemp triple in volume.

One example of these latest technological inventions of the hemp industry is machinery developed by Canadian Greenfield Technologies Corporation. They have smart design which allows farmers to separate and process raw hemp by separating fibers, hurds, and leaves upon harvest. This technology makes it easier for farmers to produce and distribute hemp for commercial use.

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The Hemp Clothing Market opportunity is segmented into type, end user, distribution channel, and region. On the basis of type, the market is categorized into Shirts, Pants, T-shirts, Activewear, Coats and Jackets, Dress, Undergarments and Others. On the basis of End User, the market is categorized into men, women and kids. On the basis of Distribution Channel, it is fragmented into supermarket/hypermarket, independent retail stores, online sales channel and others. Region-wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (UK, Germany, France, Italy, Spain, Russia and rest of Europe), Asia-Pacific (China, India, Japan, Australia, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East and Africa).

By type, the dress segment was the highest contributor to the market, in 2021, and is estimated to grow at a CAGR of 25.9% during the forecast period. However, the activewear clothing segment is expected to witness higher growth rate during the forecast.

Depending on hemp clothing market forecast by end user, the women segment led the market in 2021, and is estimated to grow at a CAGR of 26.5% during the forecast period. However, the kids segment is expected to witness higher growth rate during the forecast.

On the basis of hemp clothing market analysis by distribution channel, the independent retail stores segment exhibited the highest growth in 2021, and is estimated to register a CAGR of 26.5% during the forecast period. However, the others segment is expected to witness a high growth rate of 28.4% during the forecast period.

Region wise, North America was the highest contributor to the Hemp Clothing Market Size in 2021, and is estimated to grow at a CAGR of 24.6% during the forecast period. LAMEA region is expected to witness high growth rate during the forecast period.

According to the market players, the major obstacle attributed to the pandemic was the disruption of the supply chain. Furthermore, all the Distribution Channel were nearly shut down in the first quarter of the pandemic. However, online channels such as amazon and flipkart were delivering the products. They key players included in the Hemp Clothing Industry are Back Beat Co, Ecofibre, Eileen Fisher, Groceries Apparel, Jungmaven, LANIUS GmbH, Levi Strauss &Co, ONNO T-Shirt Company, Outerknown, Patagonia, Inc, Tentree, Thought Clothing, TOAD&CO, United By Blue, and WAMA UNDERWEAR.

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Canada Baby Food Market to expand $2.4 billion by 2026, Key players like Nestlé S.A., Danone, Plum, PBC

Rise in the number working women has led to an increased inclination toward packaged baby food owing to less time available to breastfeed or prepare food at home. In addition, nowadays parents are willing to invest on high-quality and expensive baby food for the well-being of their infants. These factors have created a significant impact on the growth of the Canada baby food market.

The Canada baby food market size was valued at $1.3 billion in 2018 and is projected to reach $2.4 billion by 2026, growing at a CAGR of 7.60% from 2019 to 2026.

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Baby food refers to the food prepared for infants aged between four-six months and two years. It is typically made up of minced and mashed vegetables, cereals, meats and fruits. Over the past few years, packaged baby food has been extensively adopted by parents owing to convenience and healthier nutrition offered by these foods. In addition, increase in awareness among people regarding the various health advantages of feeding baby food to infants has considerably fuelled the growth of the Canada baby food market.

The growing popularity of offline traditional stores is helping traditional suppliers/distributors to gain maximum revenue share in Canada market. However, increased penetration of global E-commerce players such as Amazon, Walmart through their expansion strategies would supplement the sales revenue growth of baby food products in the long run.

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In addition, continuous innovation by some key players in the Canada baby food market facilitates variety in their product offerings, which cater to the requirements of their target customers. The launch of new flavors coupled with attractive packaging enables to garner considerable attention of the millennial parents. Furthermore, appealing advertisements through various channels including social media, television commercials, and radio help to reach the target customers and expand the consumer base.

The key players in the Canada baby food industry include Nestlé S.A., Danone, Plum, PBC, Hain Celestial, Diana Group, Mead Johnson & Company, LLC, Abbott, Loblaws Inc., Parent’s Choice Infant Formula, and Kraft Heinz Company.

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Key Findings of the Canada Baby Food Market :

Based on type, the cereals segment accounts for the largest share in the baby food market analysis in 2019, however the dried baby food segment is expected to grow at the fastest CAGR of 9.5% during the forecast period.
Based on distribution channel, the offline store/retail store segment accounts for the larger Canada Baby Food Market demand in 2019, while the online segment is expected to experience growth at the fastest CAGR of 9.5% during the forecast period.

About Us

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We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Laser Plastic Welding Market is Booming Worldwide | Industry Revenue to Surpass by 2029

The Laser Plastic Welding market research report outlines the competitive landscape of the industry to help the key market players increase their shares and stay competitive in the industry. The study takes in Porter’s five forces model and PESTEL breakdown to make out the competitive landscape of the industry. The research study also encompasses the major investment pockets for the stakeholders to capitalize in the sector. These analysis structures are estimated based on their CAGR, and relative market share. The report highlights the major market players along with their financial development and relative market share across the globe.

The company profiles in the study also cover their tactical developments including procurements & mergers, new covenants, collaborations, products launch, collaborations, joint alliances, research & development investment, and regional development of major companies in the industry at a global & regional level.

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Market size assessments-

The Laser Plastic Welding market report evaluates the growth potential, demographics, and aptness of the market during the study period. This factor gives on to the assessment of the market size and also offers a framework about how the market will continue its growth structure through the period.

The study on the market also lays emphasis on the current and forthcoming investment opportunities covering the segments. These minute details are specially crafted to help the stakeholders become perfectly aware of the contemporary investment scenario of the market.

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COVID-19 Impact Analysis on the global LASER PLASTIC WELDING Market

The outbreak of the pandemic has had a huge impact across the globe, which impeded the socio-economic development. Therefore, the Laser Plastic Welding market report doles out a micro- and macro-economic assessment of the industry throughout the pandemic. The study further provides a qualitative breakdown of the impact of Covid-19 on the market.

Moreover, the research work underpins the market extent based on the total impact of the pandemic on the industry along with shedding light on the post-covid scenario in the the subsequent years. Moreover, the report focuses on the major strategies incorporated by the key players all throughout the worldwide health crisis. Simultaneously, it presents an explicit framework on the impact of the pandemic on sales, the supply chain, and other main aspects of the market. Last but not the least; the report also depicts the impact on the market after the introduction of vaccinations by several government bodies to curb the spread of the virus.

Leading Players:

TRUMPF GmbH + Co. KG, Han’s Laser Technology Industry Group Co., Nippon Avionics Co., Ltd., Jenoptik AG, RofinSinar Technologies Inc., Amada Miyachi Co. Ltd., BielomatikLeuze GmbH + Co. KG, LPKF Laser & Electronics AG, DILAS Diodelaser GmbH, Leister Technologies AG, Dukane IAS LLC.

Market Segments:

By Method Type:

Contour Welding
Mask Welding
Radial Welding
Others

By Industry Vertical:

Component
Films

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Fine Mist Sprayer Market Analysis and Industry Forecast 2029

The Fine Mist Sprayers market research report outlines the competitive landscape of the industry to help the key market players increase their shares and stay competitive in the industry. The study takes in Porter’s five forces model and PESTEL breakdown to make out the competitive landscape of the industry. The research study also encompasses the major investment pockets for the stakeholders to capitalize in the sector. These analysis structures are estimated based on their CAGR, and relative market share. The report highlights the major market players along with their financial development and relative market share across the globe.

Market size assessments-

The Fine Mist Sprayers market report evaluates the growth potential, demographics, and aptness of the market during the study period. This factor gives on to the assessment of the market size and also offers a framework about how the market will continue its growth structure through the period.

COVID-19 Impact Analysis on the global FINE MIST SPRAYERS Market

The outbreak of the pandemic has had a huge impact across the globe, which impeded the socio-economic development. Therefore, the Fine Mist Sprayers market report doles out a micro- and macro-economic assessment of the industry throughout the pandemic. The study further provides a qualitative breakdown of the impact of Covid-19 on the market.

Market Segments:

By Service Type:

Trigger Sprayers

Finger Tip Sprayers

By Applications:

Paints

Perfumes and deodorants

Fertilizers

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Booster Pump Market Growth Prospects Predicted by 2029

The Booster Pump market research report outlines the competitive landscape of the industry to help the key market players increase their shares and stay competitive in the industry. The study takes in Porter’s five forces model and PESTEL breakdown to make out the competitive landscape of the industry. The research study also encompasses the major investment pockets for the stakeholders to capitalize in the sector. These analysis structures are estimated based on their CAGR, and relative market share. The report highlights the major market players along with their financial development and relative market share across the globe.

Market size assessments-

The Booster Pump market report evaluates the growth potential, demographics, and aptness of the market during the study period. This factor gives on to the assessment of the market size and also offers a framework about how the market will continue its growth structure through the period.

COVID-19 Impact Analysis on the global BOOSTER PUMP Market

The outbreak of the pandemic has had a huge impact across the globe, which impeded the socio-economic development. Therefore, the Booster Pump market report doles out a micro- and macro-economic assessment of the industry throughout the pandemic. The study further provides a qualitative breakdown of the impact of Covid-19 on the market.

Market Segments:

By Service Type:

Single Stage pump
Multiple Stage pump

By Applications:

Residential Homes and Flats
Guest houses or farm houses

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Shutters Market Development Trends Across The Globe by 2029

The Shutters market research report outlines the competitive landscape of the industry to help the key market players increase their shares and stay competitive in the industry. The study takes in Porter’s five forces model and PESTEL breakdown to make out the competitive landscape of the industry. The research study also encompasses the major investment pockets for the stakeholders to capitalize in the sector. These analysis structures are estimated based on their CAGR, and relative market share. The report highlights the major market players along with their financial development and relative market share across the globe.

Market size assessments-

The Shutters market report evaluates the growth potential, demographics, and aptness of the market during the study period. This factor gives on to the assessment of the market size and also offers a framework about how the market will continue its growth structure through the period.

COVID-19 Impact Analysis on the global SHUTTERS Market

The outbreak of the pandemic has had a huge impact across the globe, which impeded the socio-economic development. Therefore, the Shutters market report doles out a micro- and macro-economic assessment of the industry throughout the pandemic. The study further provides a qualitative breakdown of the impact of Covid-19 on the market.

Market Segments:

By Service Type:

Built-on Roller Shutter
Built-in Roller Shutter
Integrated Roller Shutter
Roller Shutter with Tilted Laths

By Industry Vertical:

Residential Construction
Commercial Construction
Others

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Shearing Machine Market Growth Opportunities by 2029 | Size, Share, Trends

The Shearing Machine market research report outlines the competitive landscape of the industry to help the key market players increase their shares and stay competitive in the industry. The study takes in Porter’s five forces model and PESTEL breakdown to make out the competitive landscape of the industry. The research study also encompasses the major investment pockets for the stakeholders to capitalize in the sector. These analysis structures are estimated based on their CAGR, and relative market share. The report highlights the major market players along with their financial development and relative market share across the globe.

Market size assessments-

The SHEARING MACHINE market report evaluates the growth potential, demographics, and aptness of the market during the study period. This factor gives on to the assessment of the market size and also offers a framework about how the market will continue its growth structure through the period.

COVID-19 Impact Analysis on the global SHEARING MACHINE Market

The outbreak of the pandemic has had a huge impact across the globe, which impeded the socio-economic development. Therefore, the SHEARING MACHINE market report doles out a micro- and macro-economic assessment of the industry throughout the pandemic. The study further provides a qualitative breakdown of the impact of Covid-19 on the market.

Market Segments:

By Service Type:

Manual
Mechanical
Hydraulic
Electric

By Industry Vertical:

Metal Processing
Machinery Manufacturing
Automotive
Others

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Organic Alcoholic Beverages Market Analysis, Emerging Technology, Sales Revenue 2029

Organic alcohol is an alcohol that contains ingredients grown on an organic farm, and are processed in specific distilleries. It includes beer, wine, vodka, tequila, and other alcoholic beverages. Organic alcohol products and ingredients are safe and do not contain pesticides and chemicals. These organic alcoholic beverages are also better for the environment and are smoother to drink than the conventional alcohols. The benefits organic alcohol provides are it keeps the skin and hair healthy, promotes cardiovascular health. It has antibacterial qualities that can be used for disinfecting the wound. These beverages also reduce stress, relieve bad breath, and toothache. The organic alcoholic beverages are obtained from the grains and do not use chemicals.

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COVID-19 Scenario Analysis:

Corona virus has spread all over the world and most of the countries are adopting lockdown measures to control the spread of the virus for securing public health. All business and production activities are fully shut down except food and medical sector or other, leading toward economic crisis in the country. Manufacturing and production functions are stopped which has slowed down the business and inactive trade and transportation has fully disrupted the supply chain because of which companies can face big losses in near future.

Top Impacting Factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis

With the growing awareness about health issues, people are shifting toward organic products, which can be the key factor that drives the growth of the global organic alcoholic beverages market. Organic alcoholics are synthetic pesticides free and do not have flavoring & preservatives that fulfill the need and requirements of consumers. However, beverages can be expensive that cannot be affordable. This limits the market growth.

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Key Benefits of the Report:

This study presents the analytical depiction of the global organic alcoholic beverages industry along with the current trends and future estimations to determine the imminent investment pockets.
The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global organic alcoholic beverages market share.
The current market is quantitatively analyzed from 2020 to 2027 to highlight the global organic alcoholic beverages market growth scenario.
Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
The report provides a detailed global organic alcoholic beverages market analysis based on competitive intensity and how the competition will take shape in the coming years.

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> To develop effective R&D strategies, gather information, analysis, and strategic insight from competitors

About Us

Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small- & medium-scale enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.

Allied Market Research provides one-stop solution right from data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients understand the significance and impact of market dynamics. The company applies client’s insight on the factors such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligence support to help clients transform into a prominent business firm.

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Sweet Spread Market is projected to reach $1,647.1 million by 2030, registering a CAGR of 3.2%

According to a new report published by Allied Market Research, titled, “Sweet spread Market by Product Type, End-Use, and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2021–2030,”

The global sweet spread market was valued at $1,205.0 million in 2020, and is projected to reach $1,647.1 million by 2030, registering a CAGR of 3.2%. Europe was the highest revenue contributor, accounting for $507.3 million in 2020, with a CAGR of 2.7%. The market growth is propelled by the inclination towards healthy food products that offer healthfulness. Sweet spreads offer a portable, convenient, and inventive way to eat more fruit, generally with premium, indulgent and exotic products.

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The rise in health consciousness among consumers has increased exponentially. There is an ongoing shift in the dietary habits among consumers, wherein they are increasing opting for heathier plant-based alternatives. Hence, the food industry players are responding by developing a wide range of healthy alternatives, such as seed-based and nut-based sweet spreads prepared using plant-based ingredients.

Moreover, in the recent years, food traceability has become an important aspect among consumers, as they care more about what they are eating and where their food is sourced. In addition, consumers demand for creativity and variety in their melas; hence, they are experimenting with new products and adding exotic fruit sweet spreads to their diet, which, in turn, propels the growth of the sweet spread market size.

Amidst the outbreak of COVID-19 pandemic, there was an increase in the demand for sweet spread products among consumer. This is attributed to the fact that consumers have been looking forward to simplifying their routines and hence shifting to products that can provide them multidimensional support. Therefore, during the pandemic, consumers were more concerned regarding their health & immunity and were actively looking for ways to maintain wellness. Sweet spread products contain iron, magnesium and is also a source of protein, which has enabled the product to gain a major demand during the pandemic. Although the out-of-house consumption of food & beverages witnessed a standstill, the at-home consumption of food has significantly increased; thereby, observing a significant share in the global food & beverages market.

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By product type, the jams, jelly & preserves sweet spread category was the dominant segment in 2020 with 47.1% share. This is attributed to the fact that has a wide product offering as compared to other sweet spreads and is hence largely consumed. In addition, with the rise in trend of snackification among millennials consumer, the demand for jams, jellies and preserves has gained higher traction. However, the others segment is anticipated to grow at a faster rate during the forecast period, owing to the rising popularity of seed-based spreads due to its high protein and good fat content. These factors essentially contribute to the growing health consciousness among consumers.

On the basis of packaging, the glass category was the dominant segment in 2020 with 64.6% of sweet spread market share. This is due to consumers perception towards glass as a premium, non-toxic and reusable material. However, the plastic segment is anticipated to grow at a faster rate during the sweet spread market forecast period. This is because plastic containers are lightweight, durable, and are more suitable for transportation than glass.

According to the sweet spread market analysis, the distribution channel segmented into supermarket & hypermarket segment accounted for the maximum share in the sweet spread market in 2020. This is attributed to the fact that supermarkets & hypermarkets provide high visibility and attractive assortment of spread products to consumers. This enables them to discover new variety and understand the labels and differentiate better among products. Furthermore, supermarket chains are one of the frequently visited stores for purchasing grocery items. Hence, this factor is expected to boost the sales of sweet spread in the market. However, the online segment is anticipated to grow at a faster rate during the sweet spread market forecast period, owing to rising convenience for consumers and wider consumer reach due to brand websites.

Region wise, Europe was the prominent region in 2020 due to tremendous popularity and substantial consumption of sweet spreads in the region. In addition, this region is one of the largest producers and consumers of sweet spread and its products. Consumption of spreads in countries like Germany, France and U.K. is very high as compared to other countries of the world. Wide range of application in bakery and dessert, which are the leading markets in Europe, is a prime factor contributing to the sweet spread market growth. However, Asia-Pacific is expected to witness a significant CAGR, owing to the factors such as increasing applications in food products, rising demand for sweet spread products from young consumers, and consumer focus towards quality and safe, natural products and those with natural ingredients.

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The players in the sweet spread market have adopted product launch and business expansion as their key development strategies to expand their market share, increase profitability, and remain competitive in the market. The players in the market has various sweet spread market opportunities in order to increase the customer base. The key players profiled in this report include ConAgra Foods Inc., Duerr& Sons, Pioneer Foods, Uniliver Group, Ferrero Group, Mondelez International, Dabur India Limited, Hormel Foods, Andros, and HERSHEY’S.

Key findings of the study

By product type, the Jam Jelly & Preserves segment held the highest share, accounting for 47.1% of the global sweet spread market.
Based on Packaging, the glass segment held the major share of 64.6% of the sweet spread market.
In 2020, Europe held the major share in the market, and is expected to remain dominant throughout the forecast period.

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> Recognize newcomers with potentially strong product portfolios and devise effective counter-strategies to acquire a competitive edge.

> To develop effective R&D strategies, gather information, analysis, and strategic insight from competitors

About Us

Contact:

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#205, Portland, OR 97220

United States

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help@alliedmarketresearch.com

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Salmon Market size is expected to reach $76,145.3 million by 2028 at a CAGR of 3.7% from 2021 to 2028

According to a new report published by Allied Market Research, titled, “Salmon Market by Type, Application, and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2021–2028,” the global Salmon market size is expected to reach $76,145.3 million by 2028 at a CAGR of 3.7% from 2021 to 2028.

Salmon is one of the most commonly consumed fish, well-known for its high protein and omega-3 fatty acids content. Salmon migrate in huge numbers and its meat can be easily preserved. This makes salmon the staple food of many cultures for years. The salmon offers health benefits such as decreased obesity, prevention of heart disease, and diabetes control. Moreover, salmon is perceived to be a great substitute to chicken or beef as it provides ample amount of protein with less saturated fat. This makes salmon an ideal source of protein that helps in maintaining normal weight and body mass index (BMI). These health benefits offered by salmon consumption is a key factor responsible for its growing demand among the consumers across the globe.

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The growing health consciousness, sedentary lifestyle habits, growing obesity among population, and rising disposable income are the factors fostering the demand for salmon fish. Consumers are more focused on adding protein rich food in their diets and hence salmon is added in the preparation of various food items such as pasta, patties, burgers, and rice dishes. Moreover, keeping in view the demand for salmon, manufacturers have come up with different salmon products such as smoked salmon, salmon oil, salmon spreads, frozen salmon, and canned salmon to serve different preferences of wide consumer base.

Furthermore, the demand for frozen and canned salmon is growing exponentially due to the rising number of working population. The busy and hectic lifestyle has led to the growth of ready-to-eat food products.

According to the United Nations, the demand for the salmon in few European countries, U.S., and Japan is diminishing while the growth potential is high in Asia-Pacific and Latin America.The growing demand for salmon in emerging markets like Asia-Pacific and Latin America is offering lucrative growth opportunities to the players operating in the global salmon market. According to a report of United Nations, the demand for salmon is so high that it can absorb around 6% to 7% of excess supply per year without any fluctuations in the price levels. Moreover, demand for eco-labelled farmed salmon is rising rapidly and preference for fresh food products is trending in the salmon market.

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Sustainability will play a crucial role in attracting customers in the upcoming years and hence the companies are leveraging the latest technologies in sustainable salmon farming. For example, IBM and Norwegian Seafood Association are working together for deploying block chain network to share supply data and improving transparency in Norway’s seafood industry.

However, there are certain factors that may restrict the further growth of the salmon market. The revelation of cruelty acts on animals at animal farms and slaughterhouses is one important constraint hindering the market growth. Moreover, the growth of the vegan population is on the rise and is expected to grow significantly around the globe. The awareness programs conducted by NGOs like PETA (People for Ethical Treatment of Animals) regarding animal welfare and animal rights, may encourage people to adopt veganism. This is a major threat to the global salmon market during the forecast period.

The salmon market is segmented on the basis of type, end product type, distribution channel, and region. By type, the market is divided into chinook salmon, coho salmon, pink salmon, red salmon, salmosalar, silverbrite salmon. By end product type, the market is classified into fresh, frozen, canned and others. By distribution channel, it is fragmented into retail stores, online sales channel and supermarkets/hypermarkets. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

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According to the salmon market forecast, on the basis of type, the pink salmon segment was the highest contributor to the market, accounting for $13,402.7 million in 2020, and is expected to sustain its significance during the forecast period, owing to itslower fat content as compare to other types of salmon due to this it is widely preferred by consumer in the salmon market. In addition, it derives 64 percent of its calories from protein that play important roles in manufacturing, repairing and maintaining cells as well as it is vital to fetal and childhood growth and development.

Based on end product type, the fresh segment is the largestsegment. It garnered market share of around 54.6% in 2020. Purchasing and eating freshly harvested is the best way to ensure no preservatives, chemicals, or dyes have been added in food. In addition, fresh salmon actually loses its nutritional value over time so it is supposed to consume quickly as more nutrients that can be gained from it.

By distribution channel, the retail stores segment was the prominent segment, owing to high popularity and wide scale penetration in leading salmon markets. Retail stores allows customers to see product including seafood such as salmon quite close and as opposed to online stores it provides instant gratification because the customer walks away with their purchases immediately. In addition, friendly and helpful staff also helps to build customer loyalty by offering good quality salmon that makes consumers to visit again and again.

According to the global salmon market analysis, in 2020, Asia-Pacific dominated the market, garnering around 38.9% of the total salmon market share, followed by Europe. In Asia-Pacific, salmon market is growing significantly, owing to increasing consumer awareness in the region. Salmon is anticipated to gain maximum demand in the region, owing to higher demand of seafood containing higher nutrition value.

Consumers have become health conscious and are attracted toward fishes such as bluefin tuna, Chilean sea bass, tilefish, imported marlin, because some of this fish contains too much mercury.

Key players operating in the salmon market include Cremaq Group ASA, Leroy Seafood Group ASA, Mowi ASA, SalMar ASA, Bakkafrost, Greig Seafood, Blumar, SalmonesCamanchaca, Nova Sea, AlsakerFjordbruk, Nordlaks. Other noticeable players in these markets are Cooke Aquaculture, Multiexport, Australis Seafoods, AlsakerFjordbruk and AquaChile.

Key findings of the study

The salmon market was valued at $50,170 million in 2020, and is estimated to reach $76,297.8 million by 2028, growing at a CAGR of 3.7% during the forecast period.
By type, the coho salmon segment is estimated to witness the fastest growth, registering a CAGR of 5.9% during the forecast period.
In 2020, depending on end product type, the fresh segment was valued at $27,439.9 million, accounting for 54.6% of the global salmon market share.
In 2020, the U.S. was the most prominent market in North America, and is projected to reach $2,012.5 million by 2028, growing at a CAGR of 2.8% during the forecast period.

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