12 World’s Biggest Fishing Companies in 2024

 

12 World’s Biggest Fishing Companies in 2024-There are 10 World’s biggest fishing companies in 2024 according to the annual report of each company. They are, of course, the leader of the fisheries industries markets, with total revenue and net 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 industry still becomes one of the main indispensable sectors in fulfilling human consumption and nutritions. Many fishing products have good nutrition for the human body in response to human development. Economically, the demand for fishing products increased from time to time. In this world, many companies strive to provide the best and nutritious fishing products to humans and some of the fishing companies have a large market which has billions of total revenues and total assets in 2024. Here is the ranking of the world’s biggest fishing companies in 2024. All the data was obtained from the Fishing Companies Annual Report in 2024.

 

The Rank of 12 World's Biggest Fishing Companies Based on Total Assets in 2024

Ranks	Name of Fishing Companies	Total Assets in 2024	Total Assets in 2024	Total Liabilities in 2024	Total Liabilities in 2024
		Origin Currency	US Dollar (USD)	Origin Currency	US Dollar (USD)
1	Mowi	EUR 8.5 billion	USD 9.4 billion	EUR 4.5 billion	USD 4.9 billion
2	Austevoll Seafood	NOK 55.6 billion	USD 5.5 billion	NOK 25.9 billion	USD 2.5 billion
3	Dongwon Industries	KRW 7,158 billion	USD 5.3 billion	KRW 3,911 billion	USD 2.89 billion
4	SalMar	NOK 54.3 billion	USD 5.3 billion	NOK 34.1 billion	USD 3.3 billion
5	Thai Union Group	THB 154 billion	USD 4.7 billion	THB 98.5 billion	USD 3 billion
6	Maruha Nichiro	JPY 681 billion	USD 4.7 billion	JPY 405 billion	USD 2.8 billion
7	Nissui	JPY 634 billion	USD 4.4 billion	JPY 348 billion	USD 2.4 billion
8	Leroy Seafood Group	NOK 42,831 million	USD 4.2 billion	NOK 21,664 million	USD 2.1 billion
9	GriegSeafood	NOK 13.6 billion	USD 1.3 billion	NOK 6.9 billion	USD 0.68 billion
10	Sanford	NZD1,046 million	USD 0.62 billion	NZD 342 million	USD 0.21 billion
11	Atlantic Sapphire	USD 0.273 billion	USD 0.27 billion	USD 0.07 billion	USD 0.07 billion
12	Blue Star Foods Corp	USD 6.3 million	USD 6.3 million	USD 3.7 million	USD 3.7 million
Source: Annual Report, 2024
Origin Currency - Currency that officially used in Annual Report 2024
US Dollar- Converted Currency from Origin Currency into US Dollar Based on Currency Rate
	Currency Rate:
	1 Euro = 1.1 US Dollar (USD)
	1 Thailand Baht (THB) = 0.031 US Dollar (USD)
	1 Japanese Yen (JPY) = 0.007 US Dollar (USD)
	1 Norwegian Krone (NOK) = 0.099 US Dollar (USD)
	1 New Zealand Dollar (NZD) = 0.6 US Dollar (USD)
	1 Korean Won (KRW)= 0.00074 US Dollar (USD)

 

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The table rank above is based on total assets obtained from the Balance sheet of the companies in 2024. A balance sheet basically is the financial worksheet in an annual report that describes the condition of the assets, liabilities, and equity of the company in specific times. The assets are the physical and non-physical property that the company has owned when running its business. Furthermore, liabilities are the financial obligation or debt that companies must pay off. Meanwhile, equity is the difference in value between assets and liabilities.

In addition to looking at the total assets and total liabilities variables, we also describe the fishing companies based on the total revenue and net profit earned by the company in 2024. Here is the rank of the Fishing Companies based on Net Income in 2024.

The Rank of 12 World's Biggest Fishing Companies Based on Net Income in 2024

Ranks	Name of Fishing Companies	Total Revenue in 2024	Total Revenue in 2024	Net Income in 2024	Net Income in 2024
		Origin Currency	US Dollar (USD)	Origin Currency	US Dollar (USD)
1	Mowi	EUR 5.6 billion	USD 6.2 billion	EUR 474 million	USD 526 million
2	Austevoll Seafood	NOK 35.3 billion	USD 3.49 billion	NOK 4.89 billion	USD 484 million
3	SalMar	NOK 26.4 billion	USD 2.6 billion	NOK 3.1 billion	USD 306 million
4	Leroy Seafood Group	NOK 31.1 billion	USD 3 billion	NOK 2.6 billion	USD 257 million
5	Thai Union Group	THB 138 billion	USD 4.2 billion	THB 6 billion	USD 186 million
6	Nissui	JPY 886 billion	USD 6.2 billion	JPY 25.3 billion	USD 177 million
7	Maruha Nichiro	JPY 1,078 billion	USD 7.5 billion	JPY 23.3 billion	USD 163 million
8	Dongwon Industries	KRW 8,944 billion	USD 6.6 billion	KRW 75.2 billion	USD 55.6 million
9	GriegSeafood	NOK 7.2 billion	USD 712 million	NOK 560 million	USD 55.4 million
10	Sanford	NZD 582 million	USD 349 million	NZD 19.7 million	USD 11.8 million
11	Blue Star Foods Corp	USD 6.1 million	USD 6.1 million	(USD-4.4 million)	(USD-4.4 million)
12	Atlantic Sapphire	USD 22.8 billion	USD 22.8 billion	(USD -167 million)	(USD -167 million)
Source: Annual Report, 2024
Origin Currency - Currency that officially used in Annual Report 2024
US Dollar- Converted Currency from Origin Currency into US Dollar Based on Currency Rate
	Currency Rate:
	1 Euro = 1.1 US Dollar (USD)
	1 Thailand Baht (THB) = 0.031 US Dollar (USD)
	1 Japanese Yen (JPY) = 0.007 US Dollar (USD)
	1 Norwegian Krone (NOK) = 0.099 US Dollar (USD)
	1 New Zealand Dollar (NZD) = 0.6 US Dollar (USD)
	1 Korean Won (KRW)= 0.00074 US Dollar (USD)

 

The data of total revenue and net income above was found in the Income Statement of Annual Report in 2024. Commonly, income statements describe the business performance of each company in 2024. 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.

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Brief Description of 12 World’s Biggest Fishing Companies in 2024

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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. The headquarters of this company is in Bergen, Norway which employed of 14,866 people and has operations in 25 countries around the world. Since Modi's journey started in 1964, this company has grown and changed gradually in many ways. In the beginning era, it started with cultivating fish in the yard. Nowadays mowi has become a global leader in fishing industries especially in sectors of the aquaculture and capture fisheries industry. As of 20225, Mowi has offered some fishery products under several brands including “Marine Harvest” (fin fish products), “Mowi” (salmon products), “Supreme Salmon”, “Ducktrap” (Smoking Seafood).

 

Financially, based on the annual report in 2024, Mowi has total assets around EUR 8.5 billion or equivalent with USD 9.4 billion. Meanwhile, the total liabilities of Mowi reached EUR 4.5 billion or equivalent to USD 4.9 billion. In the business performance of 2024, mowi successfully generated total revenue around EUR 5.6 billion or equivalent to USD 6.2 billion and gained net income around EUR 474 million or equivalent to USD 526 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. Historically, it was founded in 1911 by Ichiro Tamura and to date, it has become one of the world’s largest commercial fisheries and marine procurement companies. The Company’s goal is “Build a global marine product supply chain.” 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 subsidiary companies, and 44 associated companies spread across Japan, Australia, New Zealand, Asia, Europe, North and South America. Specifically, As of 2025, Some of the subsidiary companies of Nissui in the fishery industry are UniSea, Inc. (resource procurement and processing company), IEmpresa de Desarrollo Pesquero de Chile S.A. (EMDEPES) (fisheries business), Salmones Antártica S.A. (high-quality salmon farming), Sealord Group Ltd. (key access point for marine resources), Australian Longline Fishing Pty Ltd (fishing operations), and Danish Salmon (land-based salmon aquaculture in Denmark).

Financially, in the year 2024, Nissui has good financial performance and positions. Based on the balance sheet, Nissui has total assets around JPY 634 billion or equivalent to USD 4.4 billion with liabilities around JPY 348 billion or equivalent with USD 2.4 billion. Based on the business performance in 2024, Nissui successfully generated total revenue around JPY 886 billion or equivalent to USD 6.2 billion and gained net income JPY 25.3 billion or equivalent with USD 177 million.

 

3.Thai Union Group

 

Thai Union Group was originally founded in 1977 under the Thai Union Manufacturing Company Limited. This company runs a 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 many regions 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. Specifically, as of 2025, Thai Union has some fishery brands including John West, PetitNavire, Parmentier, King Oscar, Mareblu, RugenFisch, ChickenoftheSea, Premium Tuna.

Financially, Thai Union group has good financial structure and performance in 2024. Based on the balance sheet in 2024, the Thai Union Group has total assets around THB 154 billion or equivalent to USD 4.7 billion with total liabilities around THB 98.5 billion or equivalent to USD 3 billion. According to the business performance in 2024, Thai Union Group generated total revenue around THB 138 billion or equivalent with USD 4.2 billion and gained net income around THB 6 billion or equivalent with USD 186 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 subsidiary companies 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 was included in the Nikkei 225 stock index. Until now, the headquarters of this company was located in Toyosu, Koto-ku, Tokyo. In Japan, Maruha Nichiro has fish farms in many different fish species including Bluefin Tuna, Amberjack, Amberjack, Salmon, Yellow Tail.

Financially in 2024, Maruha Nichiro has total assets around JPY 681 billion or equivalent to USD 4.7 billion with total liabilities around JPY 405 billion or equivalent to USD 2.8 billion. Based on business performance in 2024, Maruha Nichiro generated total revenue around JPY 1,078 billion equivalent to USD 7.5 billion and gained net income around JPY 23.3 billion or equivalent to USD 163 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 is divided into three divisions, namely the division of fisheries (catching, processing, transporting tuna, and other marine products), the distribution sector, which distributes mackerel and other marine products to Japan, the United States, and Europe, and logistics division, which runs transportation, warehousing, loading and unloading, and expedition services.

 

In 2024, Dongwon Industries was still in good financial position and performance. Based on the balance sheet, Dongwon Industries has total assets around KRW 7,158 billion or equivalent with USD 5.3 billion with total liabilities around KRW 3,911 billion or equivalent to USD 2.89 billion. Based on the business performance in 2024, Dongwon Industries generated total revenue around KRW 8,944 billion or equivalent to USD 6.6 billion and gained net income around KRW 75.2 billion or equivalent to USD 55.6 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 the initiative of Ole Mikkel Lerøen started selling the fish in the beginning. Based on specific products, this company has led products on salmon and trout. Specifically, Leroy Seafood has some key seafood brands including Norway Seafoods, Arctic Supreme, Fjord Trout, Aurora Salmon, Fossen, Sea Eagle, Leroy, and Maer.

Financially, in 2024, Leroy Seafood Group has good financial positions with total assets around NOK 42,831 million or equivalent to USD 4.2 billion and total liabilities around NOK 21,664 million or equivalent to USD 2.1 billion. Based on the business performance in 2024, Leroy Seafood gained total revenue NOK 31.1 billion or equivalent to USD 3 billion and net income around NOK 1,424 million or equivalent to USD 135 million.

 

7. Sanford    

Sanford is a New Zealand-based company which 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. Specifically, some fishing products sold by Sanford are King Salmon, Greenshell Mussels, Scampi, Antarctic Toothfish, Arrow Squid, Gemfish, Hake, Hapuku, Hoki, Ling, Monkfish, Orange Roughy, Silver Warehou, Smooth Oreo Dory, Southern Blue Whiting, Yellow Belly Flounder.

Financially, in 2024, Sanford has total assets of around NZD 1,046 million or equivalent to USD 0.62 billion, with total liabilities around NZD 342 million or equivalent to USD 0.21 billion. Based on the business performance in 2024, Sanford generated total revenue around NZD 582 million or equivalent to USD 349 million and gained net income around NZD 19.7 million or equivalent to USD 11.8 million.

 

8. Austevoll Seafood      

Austevoll Seafood is a Norwegian fishing company that has been founded since 1981 by Helge Møgster. Operationally, this company has a central office in Storebø, Norway. As of 2025, Austevoll Seafood has subsidiary company operating in fishing industry including Leroy Seafood (ownership of 52%), Kobbevik og Furuholmen Oppdrett AS (ownership 55%), Br Birkerland (42% of ownership), Austral Group (90% of ownership), and Pelagia Holding (52% of ownership).

Financially, Austevoll Seafood in 2024 has total assets around NOK 55.6 billion or equivalent to USD 5.5 billion with total liabilities around NOK 25.9 billion or equivalent to USD 2.5 billion. Based on the business performance in 2024, in the income statement of the annual report, the Austevoll seafood generated total revenue of NOK 35.3 billion or equivalent to USD 3.49 billion and net income around NOK 4.89 billion or equivalent to USD 484 million.

 

9. Atlantic Sapphire  

Atlantic Sapphire is an aquaculture company that was founded by Johan Andreassen, Bjorn-Vegard Lovik, Thue Holm. Operationally, this company has a central office in Miami, Florida. Atlantic Sapphire has owned and operated a land based Atlantic salmon farm in Miami, Florida, US called The Miami Bluehouse and it has a designed production capacity of approximately 9,500 metric tons head-on gutted (“HOG”).

Financially, based on the balance sheet of the annual report in 2024, Atlantic Sapphire has total assets around USD 0.273 billion with total liabilities around USD 0.07 billion. Based on the business performance in 2024, Atlantic Sapphire generated revenue around USD 22.8 billion but unfortunately suffered net loss around USD -167 million.

 

10. Blue Star Foods Corp         

 

Blue Star Foods is an international seafood company based in Miami; Florida incorporated on October 17, 2017. Operationally, Blue Star Foods imports packages, and sells refrigerated pasteurized crab meat, and other premium seafood products. Commonly, this company has some fishing products/ brands including Blue Star, Oceanica, Pacifika, Crab & Go, First Choice, Good Stuff and Coastal Pride Fresh, and Little Cedar Farms.

Financially, according to its annual report in 2024, Blue Star Foods Corp in 2024 has total assets around USD 6.3 million with total liabilities around USD 3.7 million. Meanwhile, based on the business performance in 2024, Blue Star Foods successfully generated total revenue around USD 6.1 million but suffered net loss around USD-4.4 million.

 

11. SalMar  

SalMar ASA is a Norwegian fish farm company founded on 8 February 1991 and still has headquarters in Frøya Municipality, Norway. Operationally, Salmar has some production facilities in Fish Farming Central Norway (Møre og Romsdal & Trøndelag) with harvest volume 132,700 tons gutted weight, Fish Farming Northern Norway (Troms og Finnmark) with Harvest volume 2024 reaching 80,500 tons gutted weight, Icelandic Salmon with Harvest volume 2024 reaching 11,700 tons gutted weight, Salmar Aker Ocean with Harvest volume 2024 reaching 6,900 tons gutted weight. As of 2025, SalMar still become one of the world's largest producers of farmed salmon with volume sold reaching 233,000 tons of gutted weight in 2024.

Financially, in the year of 2024, SalMar has total assets of around NOK 54.3 billion or equivalent to USD 5.3 billion and total liabilities of around NOK 34.1 billion or equivalent to USD 3.3 billion. In terms of business performance in 2024, SalMar successfully generated total revenue of around NOK 26.4 billion or equivalent to USD 2.6 billion and Net Income of around NOK 3.1 billion or equivalent to USD 0.3 billion.

 

12. Grieg Seafood 

Grieg Seafood is one of the world’s leading salmon farming companies with headquarters located in Bergen, Norway. Specifically, Grieg Seafood has fish farms located in Finnmark and Rogaland in Norway, and British Columbia as well as Newfoundland and Labrador in Canada.

In terms of financial aspects, Grieg Seafood has total assets of around NOK 13.6 billion or equivalent to USD 1.3 billion with total liabilities of around NOK 6.9 billion or equivalent to USD 0.68 billion. Based on the business performance in 2024, Grieg Seafood successfully gained total revenue of around NOK 7.2 billion or equivalent to USD 712 million and net income of around NOK 560 million or equivalent to USD 55.4 million.

 

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The Summary of 12 World’s Biggest Fishing Companies in 2024 Based on Total Assets

 

 

The Summary of 12 World’s Biggest Fishing Companies in 2024 Based on Net Income

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Bibliographies 12 World’s Biggest Fishing Companies in 2025

 

Mowi. 2025. Annual Report 2024. Accessed via https://mowi.com/investors/reports/   on June 4th, 2025.

Austevoll Seafood. 2025. Annual Report 2024. Accessed via https://www.auss.no/investor/results-webcast/2024/annual-report-2024/   on June 4th, 2025. 

Dongwon Industries. 2025. Annual Report 2024. Accessed via https://www.dongwon.com/en/news/archive  on June 4th, 2025.

SalMar. 2025. Annual Report 2024. Accessed via https://www.salmar.no/en/investor/annual-reports/  on June 4th, 2025. 

Thai Union Group. 2025. Annual Report 2024. Accessed via https://investor.thaiunion.com/ar.html  on June 4th, 2025.

Maruha Nichiro. 2025. Annual Report 2024. Accessed via https://www.maruha-nichiro.com/ir/library/  on June 4th, 2025.

Nissui. 2025. Annual Report 2024. Accessed via https://www.nissui.co.jp/english/ir/index.html on June 4th, 2025. 

Leroy Seafood Group. 2025. Annual Report 2024. Accessed via https://www.leroyseafood.com/en/investor/ on June 4th, 2025.

GriegSeafood. 2025. Annual Report 2024. Accessed via https://investor.griegseafood.com/ on June 4th, 2025.

Sanford. 2025. Annual Report 2024. Accessed via https://www.sanford.co.nz/investors/reports-1/company-reports/2024/ on June 4th, 2025. 

Atlantic Sapphire. 2025. Annual Report 2024. Accessed via https://atlanticsapphire.com/investor-relations/financial-reports/   on June 4th, 2025. 

Blue Star Foods Corp. 2025. Annual Report 2024. Accessed via https://ir.bluestarfoods.com/  on June 4th, 2025.