Product Code: ETC387625 | Publication Date: Aug 2022 | Updated Date: Apr 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
The Thailand Salmon Market is likely to experience consistent growth rate gains over the period 2025 to 2029. The growth rate starts at 4.50% in 2025 and reaches 14.96% by 2029.
The Salmon market in Thailand is projected to grow at a growing growth rate of 6.08% by 2027, highlighting the country's increasing focus on advanced technologies within the Asia region, where China holds the dominant position, followed closely by India, Japan, Australia and South Korea, shaping overall regional demand.
The salmon market in Thailand has experienced robust growth, driven by changing consumer preferences and a rising interest in healthy seafood options. Imported salmon dominates the market due to the absence of local salmon farming. Thai consumers have embraced salmon for its health benefits and culinary versatility. This trend is likely to continue as the market matures and awareness of salmon`s nutritional value grows.
The salmon market in Thailand has seen notable growth, primarily driven by changing dietary preferences and a rising demand for healthy and protein-rich food. Salmon is considered a healthy and versatile fish, and its popularity has surged in Thai cuisine. Increased awareness of the health benefits of consuming salmon, rich in omega-3 fatty acids, has led to higher domestic consumption. Moreover, the Thai government has supported aquaculture initiatives, including salmon farming, to meet the growing demand. Thailand has also emerged as a key player in the global salmon processing and export industry, supplying salmon products to international markets. Sustainable fishing and farming practices have been pivotal drivers, as consumers increasingly seek responsibly sourced salmon products.
The Thailand salmon market faces challenges related to import costs, consumer preferences, and sustainability concerns. Salmon is often imported from distant regions, which can lead to higher prices and freshness issues. Additionally, the taste of salmon may not align with traditional Thai cuisine, limiting its appeal. Sustainability concerns regarding salmon farming practices, such as sea lice infestations and fish escapes, can also impact the market. Promoting sustainable sourcing, educating consumers about salmon`s nutritional benefits, and developing innovative culinary uses are strategies to address these challenges.
The salmon market in Thailand was significantly affected by the COVID-19 pandemic. Reduced demand from the foodservice sector, including restaurants and sushi bars, led to decreased sales. Import restrictions and logistical challenges disrupted the supply chain, affecting the availability of salmon products. However, as dining out and tourism recover, the salmon market is expected to rebound. Consumer demand for healthy and high-quality seafood products may drive future growth in this market.
In the Thailand salmon market, several key players hold significant sway. One of the leading companies is Thai Salmon Farms Ltd., recognized for its salmon aquaculture operations. Their dedication to sustainable farming practices and delivering fresh, high-quality salmon products has earned them a strong market presence. Additionally, OceanHarvest Co., Ltd. focuses on premium salmon imports, catering to the growing demand for this popular seafood. These leading players contribute to Thailand position as a key player in the regional salmon market.