[Ranking] TOP 24 Seafood / Food and Beverage Companies Q3/2023
Intro
The seafood industry plays a critical role in the worldwide economy, providing a vital source of sustenance and nutrition to billions of people across the globe. As a sub-industry of the larger food and beverage sector, seafood holds a unique position due to its influence on various sectors such as fishing, aquaculture, processing, and distribution. With a diverse range of products including fish, crustaceans, mollusks, and seaweed, the industry caters to a wide array of consumer preferences and dietary needs.
The profound influence of the seafood industry extends far beyond just food production. It has ripple effects on other industries such as tourism, hospitality, transportation, and even pharmaceuticals. Coastal regions heavily rely on seafood for their economic growth, attracting tourists and providing employment opportunities. Additionally, the industry's sustainability practices and conservation efforts have a positive impact on marine ecosystems, making it an essential player in environmental stewardship.
The economic magnitude of the seafood industry is immense and continues to grow. According to recent reports, the global seafood market was valued at over $160 billion in 2020 and is projected to witness significant growth in the coming years. Factors such as increasing consumer awareness of the health benefits associated with seafood consumption, rising demand for protein-rich food, and technological advancements in fishing and processing methods contribute to the industry's upward trajectory.
Recent trends in the seafood industry include the rise of sustainable fishing practices and certifications, as consumers become more conscious of the environmental impact of their food choices. Breakthroughs in aquaculture technology have also revolutionized the industry, allowing for more efficient and controlled production of seafood. However, the industry also faces obstacles such as overfishing, pollution, and climate change, which pose challenges to its sustainability and profitability.
The seafood industry operates in an ever-changing landscape, shaped by evolving consumer preferences, regulatory frameworks, and market dynamics. As consumers seek healthier and more sustainable food options, companies in the seafood industry must adapt and innovate to meet these demands. Exploring the leading companies within the seafood industry provides insights into their strategies, innovations, and contributions to the overall growth and development of the industry.
Ranking
#24 Orca Bay Seafoods Incorporated
Employees: 0.5K
Revenue: 150M$
Website: https://www.orcabayseafoods.com
Description: Orca Bay Seafoods Incorporated is a prominent player in the seafood industry, specializing in the processing and distribution of high-quality seafood products. Headquartered in Seattle, United States, the company was founded in 1985. With a workforce of approximately 500 employees, Orca Bay Seafoods operates a state-of-the-art processing facility and a vast distribution network to ensure the timely delivery of fresh seafood to customers. The company sources its seafood from sustainable fisheries and prides itself on adhering to strict quality standards. Orca Bay Seafoods offers a wide range of seafood products, including salmon, halibut, crab, shrimp, and scallops, which are supplied to restaurants, retail chains, and foodservice providers worldwide. With an annual revenue of 150 million dollars, the company has established a strong presence in the seafood market and continues to expand its product offerings and customer base.
#23 Iceland Seafood International
Employees: 0.5K
Revenue: 200M$
Website: https://www.icelandseafood.com
Description: Iceland Seafood International is a leading company in the seafood industry, specializing in the sourcing, processing, and distribution of high-quality seafood products. Headquartered in Reykjavik, Iceland, the company has been operating since its establishment in 1932. With a workforce of approximately 500 employees, Iceland Seafood International has established itself as a key player in the global seafood market. The company's annual revenue reaches around 200 million dollars, making it a significant contributor to the food and beverage industry. Iceland Seafood International prides itself on its commitment to sustainability and high standards of quality, ensuring that customers worldwide can enjoy the finest seafood products.
#22 Clearwater Seafoods Incorporated
Employees: 1.6K
Revenue: 500M$
Website: https://www.clearwater.ca
Description: Clearwater Seafoods Incorporated is a leading seafood company based in Bedford, Canada. Founded in 1976, the company specializes in the production, distribution, and marketing of high-quality seafood products. With a workforce of 1.6K employees, Clearwater Seafoods is committed to sustainable fishing practices and operates in the Food and Beverage industry. The company's annual revenue is estimated to be around 500 million US dollars. Clearwater Seafoods offers a wide range of seafood products, including lobster, scallops, clams, and shrimp, which are sourced from the pristine waters of Canada. Through its innovative approach and dedication to quality, Clearwater Seafoods has established itself as a trusted name in the seafood industry.
#21 High Liner Foods (USA) Incorporated
Employees: 2.5K
Revenue: 1B$
Website: https://www.highlinerfoods.com
Description: High Liner Foods (USA) Incorporated, based in Portsmouth, United States, is a leading company in the seafood industry. With a history dating back to 1899, the company has established itself as a prominent player in the market. High Liner Foods specializes in the production and distribution of high-quality seafood products, offering a wide range of frozen seafood items to consumers. The company operates in the food and beverage industry, specifically focusing on seafood products. With a strong workforce of approximately 2,500 employees, High Liner Foods generates significant revenue of 1 billion dollars annually. Their commitment to quality and innovation has made them a trusted name in the seafood industry.
#20 Pacific Seafood Group
Employees: 3K
Revenue: 1.2B$
Website: https://www.pacificseafood.com
Description: Pacific Seafood Group is a leading company in the seafood industry, specializing in the production, processing, and distribution of high-quality seafood products. Headquartered in Clackamas, United States, Pacific Seafood operates across North America, offering a wide range of fresh and frozen seafood to customers in the food and beverage sector. With a rich history dating back to 1941, the company has established itself as a trusted supplier of seafood products, ensuring sustainable sourcing and responsible fishing practices. Pacific Seafood employs approximately 3,000 dedicated professionals who are committed to delivering exceptional quality and service to their customers. With an annual revenue of 1.2 billion dollars, Pacific Seafood continues to expand its market presence and maintain its position as a leader in the seafood industry.
#19 Cermaq Group AS
Employees: 2.5K
Revenue: 1.2B$
Website: https://www.cermaq.com
Description: Cermaq Group AS is a leading player in the seafood industry. Headquartered in Oslo, Norway, the company operates globally in the production and distribution of salmon and trout. With a history dating back to 1985, Cermaq has established itself as a trusted provider of high-quality seafood products. The company employs approximately 2,500 people worldwide, contributing to its annual revenue of 1.2 billion dollars. Cermaq is committed to sustainable and responsible aquaculture practices, ensuring the long-term viability of the seafood industry and the preservation of marine ecosystems.
#18 Bumble Bee Foods LLC
Employees: 1.5K
Revenue: 1.2B$
Website: https://www.bumblebee.com
Description: Bumble Bee Foods LLC is a seafood company headquartered in San Diego, United States. Founded in 1899, the company has a rich history in the seafood industry. Bumble Bee Foods specializes in the production and distribution of various seafood products, including canned tuna, salmon, sardines, and specialty seafood. With over 1.5K employees, the company operates globally, providing high-quality and sustainably sourced seafood to consumers worldwide. Bumble Bee Foods generates an annual revenue of approximately 1.2B$, solidifying its position as one of the leading players in the seafood industry.
#17 Cooke Inc.
Employees: 2.5K
Revenue: 1.2B$
Website: https://www.cookeseafood.com
Description: Cooke Inc. is a leading seafood company based in Blacks Harbour, Canada. Since its founding in 1985, the company has been actively involved in the seafood industry, specializing in the production, processing, and distribution of a wide range of seafood products. With a workforce of approximately 2.5 thousand employees, Cooke Inc. has established itself as a major player in the seafood market. The company's annual revenue stands at around 1.2 billion dollars, reflecting its significant presence and success in the industry. Cooke Inc. is committed to sustainability and responsible practices, ensuring the quality and freshness of its seafood offerings while minimizing its environmental impact.
#16 High Liner Foods Incorporated
Employees: 1.6K
Revenue: 1.2B$
Website: https://www.highlinerfoods.com
Description: High Liner Foods Incorporated is a leading seafood company operating in the Food and Beverage industry. Headquartered in Lunenburg, Canada, High Liner Foods has been providing high-quality seafood products since its founding in 1969. With approximately 1.6K employees, the company has established itself as a major player in the seafood market. High Liner Foods generates an estimated revenue of 1.2B$, showcasing its strong financial performance. The company is committed to delivering delicious and sustainable seafood options to its customers, ensuring that they meet the highest standards of quality and taste.
#15 Multiexport Foods SA
Employees: 2.6K
Revenue: 1.2B$
Website: https://www.multiexportfoods.cl
Description: Multiexport Foods SA, headquartered in Valparaíso, Chile, is a leading player in the seafood industry. Established in 1988, the company has grown to become a major supplier of seafood products globally. With a workforce of approximately 2.6 thousand employees, Multiexport Foods SA operates a vertically integrated business model that includes fish farming, processing, and distribution. The company specializes in the production of salmon and trout, offering a wide range of high-quality seafood products to meet the diverse demands of its customers. Multiexport Foods SA has achieved significant revenue growth, with annual revenues reaching 1.2 billion dollars. Committed to sustainability and environmental responsibility, the company implements strict quality control measures and sustainable practices throughout its operations.
#14 SalMar ASA
Employees: 2K
Revenue: 1.2B$
Website: https://www.salmar.no/
Description: SalMar ASA is a leading seafood company operating in the Food and Beverage industry. Headquartered in Frøya, Norway, SalMar focuses on the production, processing, and sale of farmed salmon. With over 2,000 employees, the company is committed to sustainable aquaculture practices and ensuring the highest quality standards. SalMar was founded in 1991 and has since established itself as one of the largest salmon producers globally. Its revenue reached 1.2 billion dollars, making it a key player in the seafood market. SalMar's dedication to innovation and environmental responsibility sets it apart in the industry, as it continues to meet the growing demand for premium seafood products.
#13 Lerøy Seafood USA
Employees: 3.5K
Revenue: 1.2B$
Website: https://www.leroyseafood.com/
Description: Lerøy Seafood USA is a leading player in the seafood industry, specializing in the production and distribution of high-quality seafood products. With its headquarters in Miami, United States, the company has been in operation since 1899. Lerøy Seafood USA employs approximately 3.5 thousand individuals and generates an annual revenue of 1.2 billion dollars. The company is committed to sustainable fishing practices and sources its seafood from both wild capture and aquaculture operations. Lerøy Seafood USA offers a wide range of seafood products, including salmon, trout, prawns, and shellfish, catering to both domestic and international markets. With a strong focus on quality and innovation, Lerøy Seafood USA continues to drive growth and success in the seafood industry.
#12 Lerøy Seafood Group ASA
Employees: 5K
Revenue: 1.7B$
Website: https://www.leroyseafood.com
Description: Lerøy Seafood Group ASA, headquartered in Bergen, Norway, is a leading company in the seafood industry. With a history dating back to 1899, Lerøy Seafood Group specializes in the production, distribution, and sale of high-quality seafood products. The company operates across the entire seafood value chain, from fish farming and wild catch to processing, packaging, and distribution. Lerøy Seafood Group is committed to sustainable practices and responsible aquaculture, ensuring that their products meet the highest standards of quality and environmental responsibility. With a workforce of approximately 5,000 employees, Lerøy Seafood Group generates annual revenue of 1.7 billion dollars.
#11 Trident Seafoods Corporation
Employees: 9.5K
Revenue: 1.8B$
Website: https://www.tridentseafoods.com
Description: Trident Seafoods Corporation is a leading seafood company based in Seattle, United States. Founded in 1973, the company has grown to become one of the largest seafood processors and distributors in North America. With a workforce of approximately 9.5 thousand employees, Trident Seafoods operates across the seafood industry, offering a wide range of products including fresh and frozen seafood, as well as value-added products like fillets, surimi, and fish oil. The company's dedication to sustainability and responsible fishing practices has earned them a strong reputation in the industry. With an annual revenue of 1.8 billion dollars, Trident Seafoods continues to thrive in the competitive seafood market.
#10 Austevoll Seafood ASA
Employees: 8.5K
Revenue: 2.3B$
Website: https://www.austevollseafood.com
Description: Austevoll Seafood ASA is a leading seafood company based in Storebø, Norway. Since its founding in 1981, the company has been actively involved in the seafood industry, specializing in the production, processing, and distribution of a wide range of seafood products. With a workforce of approximately 8,500 employees, Austevoll Seafood operates globally and has established itself as a key player in the seafood market. The company's revenue is estimated at 2.3 billion dollars, reflecting its significant presence and success in the industry. Austevoll Seafood is committed to delivering high-quality seafood products to consumers worldwide, while also prioritizing sustainability and environmentally-friendly practices in its operations.
#9 Nippon Suisan Kaisha, Ltd.
Employees: 7.5K
Revenue: 2.9B$
Website: https://www.nissui.co.jp/english/
Description: Nippon Suisan Kaisha, Ltd., commonly known as Nissui, is a Japanese seafood company headquartered in Tokyo. Founded in 1911, Nissui operates in the seafood industry, specializing in the harvesting, processing, and distribution of a wide range of marine products. With a workforce of approximately 7.5 thousand employees, the company is committed to providing high-quality seafood products to consumers around the world. Nissui's revenue stood at 2.9 billion US dollars, reflecting its strong presence and success in the global seafood market. Through its extensive operations and dedication to sustainability, Nissui continues to play a significant role in the food and beverage industry, offering delicious and nutritious seafood options to its customers.
#8 Mowi ASA
Employees: 14K
Revenue: 3.8B$
Website: https://www.mowi.com
Description: Mowi ASA is a leading seafood company operating in the Food and Beverage industry. With headquarters in Bergen, Norway, Mowi is one of the largest producers of Atlantic salmon globally. The company was founded in 1964 and has a workforce of approximately 14,000 employees. Mowi is committed to sustainable aquaculture practices and focuses on providing high-quality, nutritious seafood products to customers worldwide. With a revenue of 3.8 billion dollars, Mowi plays a significant role in the seafood industry, contributing to the global supply of fresh and responsibly sourced seafood.
#7 Thai Union Frozen Products PCL
Employees: 47K
Revenue: 4.9B$
Website: https://www.thaiunion.com
Description: Thai Union Frozen Products PCL is a leading company in the seafood industry, specializing in the production and distribution of frozen seafood products. With its headquarters in Bangkok, Thailand, the company has been operating since 1977. Thai Union has a workforce of approximately 47,000 employees, making it one of the largest employers in the industry. The company generates an annual revenue of around 4.9 billion dollars. Thai Union is known for its wide range of seafood products, including tuna, shrimp, sardines, and other seafood items. Through its commitment to sustainability and innovation, Thai Union continues to be a dominant player in the global seafood market.
#6 Thai Union Group PCL
Employees: 44K
Revenue: 5.2B$
Website: https://www.thaiunion.com
Description: Thai Union Group PCL is a leading seafood company headquartered in Bangkok, Thailand. With a history dating back to 1988, the company has established itself as a major player in the global seafood industry. Thai Union operates a diverse portfolio of brands and products, offering a wide range of seafood options to consumers around the world. The company is committed to sustainable fishing practices and is actively involved in initiatives to promote responsible sourcing and protect marine ecosystems. With over 44,000 employees, Thai Union continues to drive innovation and growth in the seafood industry, delivering high-quality products to meet the evolving needs of its customers.
#5 Maruha Nichiro Holdings, Inc.
Employees: 36K
Revenue: 5.7B$
Website: https://www.maruha-nichiro.co.jp/en/
Description: Maruha Nichiro Holdings, Inc. is a leading seafood company based in Tokyo, Japan. Founded in 1880, the company has a long history of providing high-quality seafood products to customers worldwide. With a workforce of approximately 36,000 employees, Maruha Nichiro Holdings operates in the seafood industry, specializing in the production, processing, and distribution of various seafood products. The company's extensive product portfolio includes fish, seafood, and processed food items. Maruha Nichiro Holdings has established a strong presence in the global seafood market and is committed to sustainable fishing practices and the responsible management of marine resources. With annual revenue of 5.7 billion dollars, the company continues to expand its operations and deliver exceptional seafood products to meet the growing demand of customers globally.
#4 Maruha Nichiro Corporation
Employees: 34K
Revenue: 6.2B$
Website: https://www.maruha-nichiro.co.jp/english/
Description: Maruha Nichiro Corporation, headquartered in Tokyo, Japan, is a leading company in the seafood industry. With a history dating back to 1887, the company has established itself as a key player in the global market. Maruha Nichiro operates in various segments of the seafood industry, including fishing, aquaculture, and processing. They offer a wide range of seafood products, both fresh and frozen, catering to the needs of consumers worldwide. The company prides itself on sustainable practices and ensuring the highest quality standards for its products. Maruha Nichiro has a strong presence in the Asian market and continues to expand its reach globally, contributing to the growth of the food and beverage industry.
#3 Marine Harvest ASA
Employees: 12.4K
Revenue: 6.3B$
Website: https://www.marineharvest.com
Description: Marine Harvest ASA, headquartered in Bergen, Norway, is a leading player in the seafood industry. With over 12.4 thousand employees, the company is involved in the farming, processing, and distribution of farmed salmon and other seafood products. Marine Harvest was founded in 1965 and has since established a strong global presence. The company operates in various regions around the world, including Europe, the Americas, and Asia. With a revenue of 6.3 billion dollars, Marine Harvest remains committed to sustainable aquaculture practices and delivering high-quality seafood products to consumers worldwide.
#2 Mitsubishi Corporation
Employees: 43K
Revenue: 46.6B$
Website: https://www.mitsubishicorp.com/
Description: Mitsubishi Corporation, headquartered in Tokyo, Japan, is a leading player in the seafood industry. With a rich history dating back to 1950, Mitsubishi Corporation has established itself as a key player in the global food and beverage sector. The company operates a diverse range of businesses within the seafood industry, including fishing, processing, distribution, and trading. Mitsubishi Corporation's seafood operations span across the globe, with a focus on sustainable sourcing and responsible practices. The company's extensive network and expertise enable it to meet the growing demand for high-quality seafood products while ensuring the long-term viability of marine resources. With approximately 43,000 employees and annual revenue of 46.6 billion dollars, Mitsubishi Corporation continues to drive innovation and growth in the seafood industry.
#1 Marubeni Corporation
Employees: 55K
Revenue: 53B$
Website: https://www.marubeni.com/
Description: Marubeni Corporation is a Japanese conglomerate that operates in the seafood industry as part of its Food and Beverage division. The company, founded in 1858, is headquartered in Tokyo, Japan. With approximately 55,000 employees, Marubeni Corporation is actively involved in various segments of the seafood industry, including seafood trading, aquaculture, and processing. The company's extensive network and expertise in the industry enable it to engage in global sourcing, distribution, and marketing of seafood products. Marubeni Corporation's annual revenue in the seafood industry is estimated to be around 53 billion US dollars.
Summary
The analysis of the seafood industry has identified the top companies in this sub-industry. These companies have achieved notable rankings and accomplished significant milestones in the seafood sector. They have demonstrated their prominence and influence in shaping the future of the industry.
One unexpected finding during the investigation is the increasing consumer demand for sustainable and traceable seafood. This trend has forced companies to adopt responsible sourcing practices and prioritize transparency in their supply chains.
Among the premier companies in the seafood sub-industry, XYZ Seafood stands out for its innovative approach to aquaculture. By leveraging cutting-edge technology and sustainable farming methods, XYZ Seafood has positioned itself as a leader in providing high-quality seafood products.
The top seafood companies share a common commitment to sustainability. They have implemented practices that minimize the environmental impact of fishing and aquaculture, such as responsible fishing techniques, waste reduction, and ecosystem preservation. Additionally, these companies prioritize the welfare and health of the aquatic species they harvest.
What sets these eminent seafood companies apart from their industry rivals is their dedication to quality and safety. They adhere to strict quality control measures to ensure that their products meet the highest standards. Moreover, these companies invest in research and development to innovate new processes and technologies that enhance the taste, texture, and nutritional value of their seafood offerings.