The still nascent global seafood sector is highly fragmented across continents and markets, but some companies have emerged as leaders, in one field or across several activities.
It is these companies that Undercurrent News aims to provide an overview of with our latest World’s 100 Largest Seafood Companies 2014 report, by detailing who they are, what they do, while ranking them by the size of their 2013 or latest available turnover figure.
Salmon prices were a major driving force behind this increase — the combined revenues of salmon producers on our report this year are up $2.2bn from our 2012 report, with two new salmon players making it to the ranking.
High shrimp prices also benefited some — Zhanjiang Guolian Aquatic Products‘ revenue jumped 53%, and Minh Phu Seafood was up 23 places thanks to a 41% revenue increase.
Similarly to last year, the ten largest companies – with revenues of more than $2bn each — accounted for over a third ($35bn) of the total revenues and the 25 largest for over half ($57bn).
As in our 2013 report, Japanese companies comfortably dominate with 26 of the companies listed. The US is next largest (11) and Norway third (9), again fairly stable from last year.
However, there are also several changes from the previous report. Looking at the companies’ movements up and down the ranking from the 2013 report illustrates some of the key events and trends that shaped the seafood industry in the past 12 months.
Take for instance the spectacular drop of Pescanova, which, after a year in bankruptcy, has fallen from eighth largest in our 2013 report to 18th largest, and is likely to drop further as creditors and administrators sell off its assets.
Dutch shrimp processor Heiploeg, which was the 100th company in our ranking last year, also fell into bankruptcy, and is now largely incorporated into Parlevliet and van der Plas.
A third company from last year’s ranking went into receivership: Yihe, a US-based salmon processor. The group no longer features on our report as its revenues are thought to now be below the $300m mark.
Other players, in turn, have been incorporated into bigger ones through acquisitions: Morpol is now part of Marine Harvest; American Pride Seafood is now part of High Liner Foods; Copeinca has been engulfed by Pacific Andes; Norway Pelagic by Austevoll Seafood.
Both Maruha Nichiro and Marubeni have acquired smaller players, while Russian Sea Catching has been growing fast, gobbling up Russian pollock catchers, although not yet big enough to feature in this year’s ranking.
(seafood.vasep.com.vn) Currently, Da Nang City has no fishing vessels detained, sanctioned by foreign authorities, or criminally prosecuted for IUU fishing violations. Patrols, monitoring of marine fishing activities, and handling of violations have been prioritized by competent forces, significantly reducing nearshore fishing infringements.
(seafood.vasep.com.vn) According to statistics from Vietnam Customs, Vietnam’s tuna exports to Israel in the first nine months of 2025 reached just over USD 27 million, down as much as 49% compared to the same period in 2024. This is a steep and prolonged decline for many consecutive months, reflecting changes in import demand as well as shifts in the supply structure of this market.
(seafood.vasep.com.vn) The first 700 tons of Vietnamese tilapia ordered and imported by JBS Group will initially be distributed through supermarket chains, the Horeca network and JBS’s product showrooms in Brazil.
(seafood.vasep.com.vn) In October 2025, Vietnam’s pangasius exports hit $217 million, representing an 8% increase compared to the same month in 2024. For the first 10 months of the year, total export value has surpassed $1.8 billion, up 9% year-on-year. This growth demonstrates clear positive momentum for the pangasius industry, despite continued declines in certain markets.
In recent days, the Central provinces of Vietnam have been suffering from historic flooding, with prolonged heavy rains, landslides, flash floods, and deep inundation causing extremely serious impacts on tens of thousands of households, as well as many VASEP member exporters located in the region. With the spirit of mutual support and solidarity, and in order to promptly assist residents and member exporters in the affected areas to stabilize their lives and restore production activities, VASEP calls on all seafood exporters, organizations, and individuals to extend supports to the people and member exporters in the flood-hit areas. We urge timely and practical material and spiritual contributions to help member exporters and local communities in the severely affected provinces overcome this difficult period.
(seafood.vasep.com.vn) In the final days of October 2025, Vietnam’s domestic raw shrimp market remained generally stable, though slight adjustments were recorded in several sizes across key farming regions.
(seafood.vasep.com.vn) Vietnam’s shrimp exports reached USD 498 million in October 2025, up 26% from the same period last year. This is one of the highest monthly revenues since the beginning of the year, reflecting solid demand in major markets and faster shipment schedules by exporters. From January to October, shrimp export value reached USD 3.9 billion, up 22% compared to the same period in 2024.
(seafood.vasep.com.vn) On October 31, 2025, the US Court of International Trade (CIT) officially issued an order to suspend the case filed by the National Fisheries Institute (NFI), the National Restaurant Association (NRA), and several US seafood companies against the US Government concerning the implementation of the Marine Mammal Protection Act (MMPA).
(seafood.vasep.com.vn) An Giang’s fisheries sector has maintained stable growth momentum during the first nine months of 2025, making an important contribution to the province’s socio-economic development. Despite facing numerous challenges, the province is implementing various measures to enhance production efficiency, expand markets, and promote sustainable fisheries development toward deeper integration into the global economy.
(seafood.vasep.com.vn) Vietnam’s pangasius export value in September 2025 reached USD 181 million, up 5% compared to the same period in 2024. The overall trend for the pangasius industry remains positive, with total exports in the first nine months of 2025 reaching nearly USD 1.6 billion, an increase of 9% year-on-year.
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