Top 10 Seafood-Producing Companies: Leaders of the Global Aquatic Industry
- News Category : Market News
Top 10 Seafood-Producing Companies: Leaders of the Global Aquatic Industry
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
LAST ARTICLES
Top 10 Frozen Dessert Brands Shaping the Global Market
The frozen dessert industry is a thriving segment of the global food market, encompassing a variety of indulgent products like ice cream, gelato, sorbet, frozen
Top 10 Chocolate Importing Countries
Chocolate is a beloved global commodity, driving significant economic activity through international trade. The global chocolate market reached $160 billion in 2023, with imports accounting
FEATURED OFFERS
Related Posts
Top 10 Frozen Dessert Brands Shaping the Global Market
The frozen dessert industry is a thriving segment of the global food market, encompassing a variety of indulgent products like ice cream, gelato, sorbet, frozen
Top 10 Chocolate Importing Countries
Chocolate is a beloved global commodity, driving significant economic activity through international trade. The global chocolate market reached $160 billion in 2023, with imports accounting
Top 10 Whey Protein Producers Shaping the Global Market
The whey protein industry has become a cornerstone of the global health and wellness movement, driven by the increasing popularity of fitness culture, sports nutrition,
Top 10 Spirits Companies Shaping the Global Market
The spirits industry is one of the most dynamic and expansive segments of the global beverage market, offering a diverse array of alcoholic beverages such
Top 10 Juice and Smoothie Companies
The global juice and smoothie market is a dynamic segment of the beverage industry, driven by growing consumer demand for health-conscious and convenient options. In
Top 5 Food Company Directories: Essential Tools for Industry Professionals
The global food industry is a massive and dynamic sector, valued at approximately $9.09 trillion in 2024 and projected to grow at a CAGR of
Functional Always active
Preferences
Statistics
Marketing
Functional Always active
Preferences
Statistics
Marketing
Report
Block Member?
Please confirm you want to block this member.
You will no longer be able to:
- See blocked member's posts
- Mention this member in posts
- Invite this member to groups
- Message this member
- Add this member as a connection
Please note: This action will also remove this member from your connections and send a report to the site admin. Please allow a few minutes for this process to complete.
Responses