There are 10 World’s biggest fishing companies in 2021 based on the annual report of each company. They are, of course, the leader of the fisheries world markets, with revenue and profit reaching billions of dollars. In this case, hard work, integrity, and commitment to stepping forward making some of the fisheries companies become market leaders in the world fisheries sector.
Fishing is one of the main sectors in fulfilling human consumption. Many fishing products have good nutrition to human’s body. Economically, the demand of fishing products increased from time to time. In this World, many companies strive to provide the fishing products to human, but just some of them have billion of revenue and assets. Here are the rank of biggest fishing companies in 2021. All the data was obtained from Annual Report in 2021.
The Rank of Biggest Fishing Companies Based on Assets
| Ranks | Name | Assets | Assets | Liablities | Liablities | Equity | Equity |
|---|---|---|---|---|---|---|---|
| of | in | in | in | in | in | in | |
| Companies | Origin Currency | US Dollar ($) | Origin Currency | US Dollar ($) | Origin Currency | US Dollar ($) | |
| 1 | Mowi | EUR 6.2 Billion | 6.8 Billion | EUR 2.6 Billion | 2.8 Billion | EUR 3.6 Billion | 3.9 Billion |
| 2 | Dongwon Industries | KRW 6,685 Billion | 5 Billion | KRW 4,058 Billion | 3 Billion | KRW 2,626 Billion | 1.9 Billion |
| 3 | Thai Union Grup | BHT 166 Billion | 4.8 Billion | BHT 104 Billion | 3 Billion | BHT 62 Billion | 1.7 Billion |
| 4 | Maruha Nichiro | JPY 548 Billion | 4 Billion | JPY 361 Billion | 2.6 Billion | JPY 187 Billion | 1.3 Billion |
| 5 | Nissui | JPY 505 Billion | 3.7 Billion | JPY 296 Billion | 2.1 Billion | JPY 209 Billion | 1.5 Billion |
| 6 | Leroy Seafood Group | NOK 13,804 Million | 1.3 Billion | NOK 3,579 Million | 0.34 Billion | NOK 10,225 Million | 0.97 Billion |
| 7 | Sanford | NZD 940 Million | 0.582 Billion | NZD 306 Million | 189 Million | NZD 634 Million | 393 Million |
| 8 | Austevoll Seafood | NOK 5,940 Million | 0.564 Billion | NOK 1,545 Million | 0.14 Billion | NOK 4,394 Million | 0.41 Billion |
| 9 | Atlantic Sapphire | USD 311 Million | 312 Million | USD 72 Million | 73 Million | USD 239 Million | 240 Million |
| 10 | Blue Star Foods Corp | USD 15.9 Million | 15.9 Million | USD 7 Million | 8 Million | USD 8.9 Million | 8.9 Million |
| Origin Currency – Currency that officially used in Annual Report 2021 | |||||||
| US Dollar- Converted Currency From Origin Currency into US Dollar Based on Currency Rate | |||||||
| Source : Annual Report, 2021 | |||||||
| Currency Rate : | |||||||
| 1 Euro = 1.1 US Dollar (USD) | |||||||
| 1 Thailand Baht (THB) = 0.029 US Dollar (USD) | |||||||
| 1 Japanese Yen (JPY) = 0.0074 US Dollar (USD) | |||||||
| 1 Norwegian Krone (NOK) = 0.095 US Dollar (USD) | |||||||
| 1 New Zeland Dollar (NZD) = 0.62 US Dollar (USD) | |||||||
| 1 Korean Won (KRW) = 0.00075 US Dollar (USD) | |||||||
The rank based on assets above was obtained from Balance sheet of the companies in 2021. Balance sheet basically is the financial worksheet in an annual report that describes the assets, liabilities, and equities of the company. The assets is the physical and non-physical property that the company has owned when running its business. Furthermore, Liabilities is the financial obligation or debt that companies must be paid off. Meanwhile, Equities is the difference value between assets and liabilities.
The Rank of Biggest Fishing Companies Based on Net Income
| Ranks | Name | Revenue | Revenue | Net Income | Net Income |
|---|---|---|---|---|---|
| of | in | in | in | in | |
| Companies | Origin Currency | US Dollar ($) | Origin Currency | US Dollar ($) | |
| 1 | Mowi | EUR 4.2 Billion | 4.6 Billion | EUR 487 Million | 535 Million |
| 2 | Thai Union Grup | BHT 141 Billion | 4 Billion | BHT 8.2 Billion | 237 Million |
| 3 | Dongwon Industries | KRW 7,603 Billion | 5.7 Billion | KRW 233 Billion | 174 Million |
| 4 | Leroy Seafood Group | NOK 1,424 Million | 135 Million | ||
| 5 | Atlantic Sapphire | USD 16.8 Million | 16.8 Million | USD 132 Million | 133 Million |
| 6 | Nissui | JPY 693 Billion | 5.1 Billion | JPY 17.2 Billion | 127 Million |
| 7 | Maruha Nichiro | JPY 866 Billion | 6.4 Billion | JPY 16.8 Billion | 124 Million |
| 8 | Austevoll Seafood – Norway | NOK 910 Million | 86 Million | ||
| 9 | Sanford | NZD 489 Million | 303 Million | NZD 16.2 Million | 10 Million |
| 10 | Blue Star Foods Corp | USD 9.9 Million | 9.9 Million | (USD-2.6 Million) | (-2.6 Million) |
| Origin Currency – Currency that officially used in Annual Report 2021 | |||||
| US Dollar- Converted Currency From Origin Currency into US Dollar Based on Currency Rate | |||||
| Source : Annual Report, 2021 | |||||
| Currency Rate : | |||||
| 1 Euro = 1.1 US Dollar (USD) | |||||
| 1 Thailand Baht (THB) = 0.029 US Dollar (USD) | |||||
| 1 Japanese Yen (JPY) = 0.0074 US Dollar (USD) | |||||
| 1 Norwegian Krone (NOK) = 0.095 US Dollar (USD) | |||||
| 1 New Zeland Dollar (NZD) = 0.62 US Dollar (USD) | |||||
| 1 Korean Won (KRW) = 0.00075 US Dollar (USD) | |||||
The Data of Revenue and Net Income above was founded in Income Statement of Annual Report in 2021. Commonly, Income statemet describe the business performance in 2021. The loss and profit/ net income of the company can be found in the income statement.
Along with the increasing human needs for nutritious and healthy food, of course, there are many opportunities for the international fishing industry to keep growing. The potential income will increase in line with the growth of the human population and the increase in consumption of healthy fishery products. Here are brief descriptions of some of the largest fishing companies in the world based on annual report performance.
Brief Description of 10 World’s Biggest Fishing Companies
1. Mowi ASA
Mowi ASA, formerly known as Marine Harvest ASA, is one of the world’s largest seafood companies from Norway, and specifically is the world’s largest producer of Atlantic Salmon with more than 20% of market share. This headquarter of this company in Bergen, Norway with 14,866 employees and has operations in 25 countries around the world. Since Mowi’s journey starting in 1964, this company has grown and changed gradually in many ways. In the beginning era, it was started with cultivating fish in the yard. Nowadays Mowi has become a global leader in his field. In line with the company’s growth, both organically and as a result of mergers as well as acquisitions, Mowi has become a leader in its sector of the aquaculture and capture fisheries industry.
Based on the annual report of Mowi in 2021, this company has assets around EUR 6.2 billion or equivalent with USD 6.8 Billion. Meanwhile, Liabilities of Mowi reached EUR 2.6 billion or equivalent with USD 2.8 Billion. In the business performance of 2021, Mowi generated revenue around EUR 4.2 billion / USD 4.6 billion and gained net Income around EUR 487 million / USD 535 Million.
2.Nissui
Nippon Suisan Kaisha Ltd. (日本 水産 株式会社, Nippon Suisan Kabushiki-gaisha), better known as Nissui, is a seafood company based in Nishi-Shimbashi, Minato-ku, Tokyo, Japan. It was founded in 1911 by Ichiro Tamura and becomes one of the largest commercial fisheries and marine procurement companies. The Company’s goal is “Build a global marine product supply chain”. Nowadays, this company was one of the largest companies in Japan. As a public company, the company is included on the Tokyo Stock Exchange and is part of the Nikkei 225 stock index. In addition, along with the development of the company’s business, the company approximately has 61 subsidiaries and 44 associated companies in Japan, Australia, New Zealand, Asia, Europe, North and South America.
In the year of 2021, Nissui has good financial performance and positions. Based on the balance sheet, Nissui has assets around JPY 505 billion / USD 3.7 Billion with liabilities around JPY 296 billion / USD 2.1 Billion. Based on the business performance in 2021, Nissui generated revenue around JPY 693 billion / USD 5.1 Billion and gained net income JPY 17.2 billion / USD 127 Million.
3.Thai Union Grup
Thai Union Group was originally founded in 1977 under the Thai Union Manufacturing Company Limited. This company runs business as a food processing and exporter of canned tuna. Recently based on the development of company business from time to time, the company’s products have sold to various countries in the world including North America, Europe, Asia, and Pacific especially in some foreign countries with factories spread across several countries such as France, Ghana, Poland, Portugal, Papua New Guinea, Norway, Scotland, Vietnam, Thailand, and the United States. Operationally, the company’s line of business includes the capture and production of tuna, shrimp, sardines, mackerel, salmon, animal food, and selling its processed finished products. As the company progressed, Thai Union became a public company and listed its shares on the Stock Exchange of Thailand (SET) on November 22, 1994.
Thai Union group has good financial structure and performance in 2021. Based on the balance sheet in 2021, the Thai Union Group has assets around BHT 166 billion / USD 4.8 Billion with liabilities around BHT 104 billion / USD 3 Billion. Based on the business performance in 2021, Thai Union Group generated revenue around BHT 141 billion / USD 4 Billion and gained net income around BHT 8.2 billion / USD 237 Million.
4.Maruha Nichiro
Maruha Nichiro Corporation (マ ル ハ ニ チ ロ 株式会社, Maruha Nichiro Kabushiki-gaisha) is a Japanese seafood company founded in Osaka in 1880 by Ikujiro Nakabe. At first, Ikujiro Nakabe started a business selling fish in Osaka. As the company’s business grows, Maruha Nichiro has subsidiaries in Japan, New Zealand, Australia, the United States, throughout Europe, Asia and South America. In 2014, the company listed on the Tokyo Stock Exchange and included ini the Nikkei 225 stock index. Until now , the headquater of this company is in Toyosu, Koto-ku, Tokyo.
Financially in 2021, Maruha Nichiro has assets around JPY 548 billion / USD 4 Billion with liabilities around JPY 361 billion / USD 2.6 Billion. Based on the business performance in 2021, Maruha Nichiro generated revenue around JPY 866 billion / USD 6.4 Billion and gained net income around JPY 16.8 billion / USD 124 Million.
5.Dongwon Industries
Dongwon Industries Co., Ltd. is a company based in Mabang-ro, Seocho-gu, Seoul, South Korea which is engaged in the supply of marine products. Nowadays this company is the largest fishery in South Korea. The company’s business divide into three divisions. Firstly, Division of Fisheries (catching, processing, transporting tuna, and other marine products). Secondly, the distribution sector, which distributes mackerel and other marine products to Japan, the United States, and Europe. Thirdly, the Logistics Division runs transportation, warehousing, loading and unloading, and expedition services.
In 2021, Dongwon Industries still in good financial positions and performance. Based on the balance sheet, Dongwong Industries has assets around KRW 6,685 billion or equivalent with USD 5 Billion with Liabilities around KRW 4,058 billion / USD 3 Billion. Based on the business performance in 2021, Dongwon Industries generated revenue around KRW 7,603 billion / USD 5.7 Billion and gained net income around KRW 233 billion / USD 174 Million.
6. Leroy Seafood Group
Lerøy Seafood Group ASA is a fishing company based in Bergen, Norway. Historically, the company started operation in the 19th century with initiative of Ole Mikkel Lerøen starting selling the fish. Bassed on products, this company has leading products on salmon and trout. Financially, in 2021, Leroy Seafood Group has good financial positions with assets around NOK 13,804 million / USD 1.3 Billion and liabilities around NOK 3,579 million / USD 0.34 Billion. Based on the business, Leroy Seafood gained net income around NOK 1,424 million / USD 135 Million
7. Sanford
Sanford is a New Zealand-based company that has started its business in 1865. Along with business development, to date, this company has a fleet of 4 inshore vessels landing fresh premium seafood, 24 contracted inshore vessels, 11 deepwater vessels, 4 contracted deepwater vessels and 22 aquaculture vessels. Financially, in 2021, Sanford has assets around NZD 940 million / USD 0.582 Billion with liabilities around NZD 306 million / USD 189 Million. Based on the business performance in 2021, Sanford generated revenue around NZD 489 million / USD 303 Million and gained net income around NZD 16.2 million / USD10 Million
8. Austevoll Seafood
Austevoll Seafood is Norwegian fishing company that has founded since 1981. Operationally, this company has main office in Storebø, Norway. Austevoll Seafood in 2021, has assets around NOK 5,940 million / USD 0.564 Billion with liabilities around NOK 1,545 million / USD 0.14 Billion. Based on the business performance in 2021, the Austevoll seafood generated net income around NOK 910 million / USD 86 Million.
9. Atlantic Sapphire
Atlantic Sapphire is the aquaculture company that was founded by Johan Andreassen, Bjorn-Vegard Lovik, Thue Holm. Operationally, this company has main office in Miami, Florida. Based on the balance sheet of annual report in 2021, Atlantic Sapphire has assets around USD 311 Million with liabilities around USD 72 Million. Based on the business performance in 2021, Atlantic Sapphire generated revenue around USD 16.8 Million and gained net income around USD 132 Million.
10. Blue Star Foods Corp
Blue Star Foods is fishing company that has main office in Florida, United States. Commonly, this company has some fishing products including Little Cedar Falls, Premium Salmon & Crab Meat Brands, and Crab ‘N Go. Financially, Blue Star Foods Corp in 2021 has assets around USD 15.9 Million with liabilities around USD 7 Million. Meanwhile, based on the business performance in 2021, the Blue Star Foods generated revenue around USD 9.9 Million but suffered net Loss around USD -2.6 million.
The Summary of World’s Biggest Fishing Companies in 2021
Bibliographies 10 World’s Biggest Fishing Companies :
Mowi. 2023. Annual Report 2021. Accessed via https://mowi.com/blog/mowi-annual-report-2021/ on April 26th, 2023.
Dongwon Industries. 2023. Annual Report 2021. Accessed via https://www.wsj.com/market-data/quotes/KR/006040/financials on April 26th, 2023.
Thai Union Group. 2023. Annual Report 2021. Accessed via https://investor.thaiunion.com/financials.html on April 26th, 2023.
Maruha Nichiro. 2023. Annual Report 2021. Accessed via https://www.maruha-nichiro.com/ir/statements.html on April 26th, 2023.
Nissui. 2023. Annual Report 2021. Accessed via https://www.nissui.co.jp/english/ir/index.html on April 26th, 2023.
Leroy Seafood Group. 2023. Annual Report 2021. Accessed via https://www.leroyseafood.com/en/investor/reports-and-webcast/annual-report-2021/ on April 26th, 2023.
Sanford. 2023. Annual Report 2021. Accessed via https://www.sanford.co.nz/investors/reports-1/company-reports/2021/annual-report-2021/ on April 26th, 2023.
Austevoll Seafood. 2023. Annual Report 2021. Accessed via https://www.auss.no/investor/results-webcast/2021/annual-report-2021/ on April 26th, 2023.
Atlantic Sapphire. 2023. Annual Report 2021. Accessed via https://atlanticsapphire.com/investor-relations/financial-reports/ on April 26th, 2023.
Blue Star Foods Corp. 2023. Annual Report 2021. Accessed via https://ir.bluestarfoods.com/annual-reports/ on April 26th, 2023.
