Top 10 Seafood-Producing Companies: Leaders of the Global Aquatic Industry
The global seafood industry is a vital pillar of the global food economy, valued at approximately $257 billion in 2022 and projected to grow at a compound annual growth rate (CAGR) of 6.23% through 2027. By the end of this period, the industry’s value is expected to reach $336 billion, driven by the increasing global demand for healthy, protein-rich diets. Seafood provides over 20% of the animal protein consumed globally, making it essential for food security.
Global seafood production stands at approximately 200 million metric tons annually, with aquaculture contributing over 50% of this output. Aquaculture has grown rapidly at a 6% annual rate, fueled by technological advancements and a focus on sustainability. Additionally, the seafood trade plays a critical role in global commerce, with exports valued at $160 billion in 2023. Leading exporters include Norway, China, Thailand, and Chile, who together dominate over 60% of global seafood trade.
The seafood industry’s rapid growth offers opportunities for businesses of all sizes, particularly small and medium-sized businesses (SMBs). Platforms like uFoodin Marketplace and events like uFoodinExpo are helping SMBs enter global markets, establish connections, and thrive in this competitive industry.
1. Marubeni Corporation
- Headquarters: Tokyo, Japan
- Annual Revenue: $75.73 billion
- Overview:
Marubeni is a global conglomerate with a significant presence in the seafood market. Its operations include sourcing, processing, and distributing a wide range of seafood products, particularly in Asia and North America. Marubeni’s seafood division is critical to meeting global demand.
2. Maruha Nichiro Corporation
- Headquarters: Tokyo, Japan
- Annual Revenue: $8.69 billion
- Overview:
Maruha Nichiro is a leading global player specializing in frozen, canned, and fresh seafood. With a comprehensive supply chain spanning wild-catch fisheries and aquaculture, it serves markets in Asia, North America, and Europe.
3. Nippon Suisan Kaisha (Nissui)
- Headquarters: Tokyo, Japan
- Annual Revenue: $6.24 billion
- Overview:
Nissui is a key player in the seafood industry, focusing on marine products, aquaculture, and value-added seafood processing. The company’s advanced logistics ensure the delivery of high-quality seafood globally.
4. Mowi ASA
- Headquarters: Bergen, Norway
- Annual Revenue: $4.5 billion
- Overview:
Mowi, formerly Marine Harvest, is the largest producer of Atlantic salmon globally, accounting for 25% of global salmon production. Mowi is also a sustainability leader, integrating eco-friendly practices across its operations in 25 countries.
5. Thai Union Group PCL
- Headquarters: Bangkok, Thailand
- Annual Revenue: $4.2 billion
- Overview:
Thai Union is a global leader in canned tuna, shrimp, and value-added seafood products. Known for its brands like Chicken of the Sea, the company is also pioneering sustainable practices through its SeaChange® program.
6. Dongwon Industries
- Headquarters: Seoul, South Korea
- Annual Revenue: $2.5 billion
- Overview:
Dongwon specializes in tuna fishing and processing, with operations spanning the Pacific and Indian Oceans. It also owns StarKist, a prominent canned tuna brand in the U.S.
7. Lerøy Seafood Group
- Headquarters: Bergen, Norway
- Annual Revenue: $2.3 billion
- Overview:
Lerøy is a major player in farmed salmon, trout, and whitefish production. The company focuses on sustainable aquaculture and exports to over 80 countries worldwide.
8. Cooke Inc.
- Headquarters: Saint John, Canada
- Annual Revenue: CA$2.4 billion
- Overview:
Cooke is the largest privately held seafood company globally, operating in 14 countries. Its diverse portfolio includes salmon, shrimp, and shellfish, along with a strong focus on sustainability.
9. Empresas AquaChile
- Headquarters: Santiago, Chile
- Annual Revenue: $827 million
- Overview:
AquaChile is a leading producer of farmed salmon and trout, with exports to key markets such as the U.S., Japan, and Europe. The company emphasizes eco-friendly practices in its aquaculture operations.
10. Grieg Seafood ASA
- Headquarters: Bergen, Norway
- Annual Revenue: $600 million
- Overview:
Grieg Seafood focuses on farmed salmon production, operating in Norway, Canada, and the UK. Its commitment to innovation and environmental stewardship has positioned it as a leader in sustainable aquaculture.
Emerging Trends in the Seafood Industry
1. Sustainability and Certifications
Over 70% of consumers prefer seafood from sustainable sources. Companies are adopting certifications like MSC (Marine Stewardship Council) and ASC (Aquaculture Stewardship Council) to ensure responsible practices.
2. Plant-Based and Alternative Seafood
The plant-based seafood market is projected to grow from $42 million in 2022 to $1.3 billion by 2030, at a CAGR of 28%. Thai Union and other leaders are investing in this space to cater to environmentally conscious consumers.
3. Digital Transformation
Blockchain technology, AI-driven monitoring systems, and IoT in aquaculture are enhancing transparency, efficiency, and quality in seafood production and supply chains.
4. Value-Added Products
The demand for ready-to-eat, pre-seasoned, and specialty seafood products is growing, offering opportunities for smaller businesses to cater to niche markets.
How uFoodin Empowers SMBs in the Seafood Industry
1. uFoodin Marketplace
This digital platform connects SMBs with buyers in over 210 countries, offering:
- Year-Round Visibility: Showcase products globally beyond trade show events.
- Matchmaking Tools: Identify buyers aligned with your product range.
- Secure Transactions: Secure Trade Service systems ensure reliable payments and partnerships.
2. uFoodinExpo
This innovative event combines in-person networking with digital engagement:
- Access global seafood buyers, distributors, and retailers.
- Present products through live demonstrations and tastings.
- Extend engagement post-event via the uFoodin Marketplace.
3. Marketing Tools
uFoodin supports SMBs in building their brand through:
- Highlighting certifications and sustainability initiatives.
- Promoting products via blogs, videos, and targeted campaigns.
The Top 10 seafood-producing companies exemplify leadership in production, sustainability, and innovation. However, the seafood industry also offers immense potential for SMBs to thrive. By leveraging platforms like uFoodin Marketplace and participating in uFoodinExpo, smaller players can connect with global buyers, embrace trends, and compete in the international arena.
As the seafood sector grows and evolves, businesses that prioritize sustainability, transparency, and innovation will shape its future, ensuring responsible production and enduring success.
uFoodin Editorial Team
Bibliography
- Statista
- Maruha Nichiro Annual Report
- Thai Union Sustainability Report
- Mowi Corporate Overview
- Cooke Inc. Investor Relations
- uFoodin Official Website
- Mordor Intelligence
