Analysts at Sparebank 1 are predicting "unprecedented retail demand" for salmon as the coronavirus crisis spurs home consumption.

Retailers are picking up the slack left behind behind by the closure of restaurants, cafes and bars under lockdown restrictions aimed at preventing the spread of the virus, and that is likely to continue to grow, the analysts wrote in a bulletin to investors.

The HORECA (Hotel, Restaurants and Catering) market segment accounts for 30 percent of salmon consumption in the EU, 40 percent of the US market, and a larger share in Asia.