In this article, we are going to discuss the top 5 largest seafood companies in the world. If you want to check out detailed analysis of the global seafood market and sustainability in the seafood industry, head to Top 20 Largest Seafood Companies in the World.
5. Maruha Nichiro Corporation
2022 Revenue: $6.93 billion
The Japanese Maruha Nichiro Corporation is among the world’s largest seafood enterprises with a workforce of over 11,107. With a history rooted in the sea and extending over 140 years, the company is currently present in more than 70 nations and regions worldwide.
MNC is renowned for being the pioneer of egg-to-harvest bluefin tuna aquaculture and has 32 seafood items recognized by the Marine Stewardship Council (MSC) and the Aquatic Stewardship Council ASC). The corporation in its entirety successfully provides around 337 kinds of wild fish and 83 species of farmed fish, or over 1.7 million tons of equivalent raw fish annually.
4. Charoen Pokphand Foods
2022 Revenue: $17.23 billion
Charoen Pokphand (CP) is Thailand’s largest privately owned conglomerate and a dominant global food producer. The group holds investments in 21 countries and economies worldwide, operating through more than 200 subsidiaries and employing over 300,000 employees. CP Foods specializes in agriculture, food production, and animal feed. The manufacture of shrimp and fish products, as well as farming, are the main priorities of their seafood sector. The company pledges to source all of its fishmeal ethically and is striving to have all of its product packaging 100% recyclable, compostable, upcyclable, or reusable.
3. Marubeni Corporation
2022 Revenue: $62.44 billion
Boasting over 45,000 employees, 317 subsidiaries, and 163 affiliated companies, Marubeni is a major Japanese conglomerate. The group encompasses seafood importing as well as processing companies under its food division, including the US-based shrimp supplier Eastern Fish Company, the Japanese seafood wholesaler Benirei Corporation, and the US-based salmon producer North Pacific Seafood. The consumer marketplaces in Japan and the US are the primary goals of their seafood operations.
Apart from offering commodities certified by the Marine Stewardship Council (MSC), Aquatic Stewardship Council (ASC), and Marine Eco-Label (MEL), Marubeni has also begun to align with the United Nations Sustainable Development Goals. It invested in recirculating aquaculture systems in 2020 and supported a sustainable closed-circulation aquaculture salmon operation headquartered in Denmark.
2. Sysco Corporation (NYSE:SYY)
2022 Revenue: $76.32 billion
Being one of the top wholesale food distributors not only in the United States, but in the entire world, Sysco proudly delivers outstanding produce and premium seafood with a variety of diverse flavors.
The American multinational corporation employs over 58,000 people. Its robust global network consists of about 330 distribution locations that cater to 650,000 consumers across over 90 countries. As a result, the company has maintained its position as one of the leaders in the marketing, sales, and distribution of food items to eateries, hotels, medical and educational facilities, and other clients who prepare meals away from home. The company’s range of goods also includes equipment and supplies for the food service and hotel industries.
“Sysco is leading the industry in Seafood Sustainability. Today’s catch is tomorrow’s supply. We are committed to offering products that meet operator needs.”
This is a summary of the seafood sector provided by the organization that also promotes sustainability. Precisely, for all of your seafood needs, Sysco has everything you’ll need to carry on the heritage of quality, from premium shrimp and gourmet lobster to fresh fin fish.
1. Mitsubishi Corporation
2022 Revenue: $146.17 billion
The Japanese multinational conglomerate boasts a diverse portfolio, operates in ten business categories and has over 1,400 affiliates and subsidiaries in 90 different countries. Although seafood is not a core business of the corporation, it still plays a vital role in the industry. Its most notable businesses in the sector are the British tuna processor Princes Group, handling 30-40% of Japan’s imported Atlantic bluefin tuna, the Norwegian aquaculture company Cermaq, and the Japanese seafood wholesaler Toyo Reizo. Predominantly, Cermaq is one of the major salmon farming, processing, and sales companies in the world producing a total quantity of around 2,000 thousand metric tons per year. It promises to deliver salmon that is both sustainable and high in nutrients.
Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below. You can also take a peek at 20 Best Non-Alcoholic Beers to Try in Dry January and 24 States that Legalized Recreational Weed in the US.
