According to Kontali Salmon World 2022 report, global production of salmon combined surpassed 5 million metric tons in 2021.
The Norwegian seafood consultancy Kontali has published that salmon production will increase by 27% by 2030 and 40% by 2033, after years of marginal decline and stagnant growth.
In a long-term analysis, Kontali warns that this growth will depend on fish health improvements, strategic investments, and innovation to address regulatory constraints.
Additionally, the study indicates that land-based salmon farming is the preferred choice when it comes to selecting the most sustainable alternative compared to other more traditional farming methods. Growth in this segment is expected to be the largest contributor by 2033.
"The projected 27% growth in global salmon production by 2030 marks a pivotal moment for the industry. Investments in fish health and land-based production are key drivers, but overcoming regulatory and environmental challenges will be crucial to realising this potential," Kontali Senior Financial Analyst Filip Szczesny explained.
According to Kontali Salmon World 2022 report, global production of salmon combined surpassed 5 million metric tons in 2021.
For the future, it is expected that factors such as climate change and environmental regulations will pose challenges to salmon production worldwide.
Additionally, regulatory limits such as maximum allowable biomass (MAB) and issues related to sea lice and fish health in Norway, for example, are other major challenges for the sector.
Europe will be the leader in growth, with production increasing by approximately 25%, while the Americas will see more modest gains, around 11%.
In more detail, Norway may experience a recovery, though always keeping an eye on the regulatory restrictions under Norway's traffic-light system and tax regime.
In contrast, the UK, Faroe Islands, and Iceland will receive investments in large smolt and shorter production cycles.
Finally, Chile will have to avoid overproduction to protect the biosecurity. The Chilean Superintendency of the Environment acts now preventively to promote the industry's compliance with environmental regulations.
