Mowi released its Salmon Farming Industry Handbook, a document to give investors and financial analysts a better insight into the salmon farming industry and what Mowi considers to be the most important value drivers.
Mowi is the world’s largest producer of farm-raised salmon measured by both volume and turnover. We offer seafood products to more than 70 countries, are represented in 26 countries and employ 11,700 people. Mowi is organized into three business areas: Feed, Farming and Sales & Marketing.
Total revenue for Mowi in 2024 was EUR 5,600 million and the harvest quantity of Atlantic salmon was 502,000 tonnes (GWT), equivalent to a global market share of approximately 20%.
The handbook underscores the industry's significant role in global food supply, emphasizing the health benefits, resource efficiency, and climate-friendly aspects of farmed Atlantic salmon. Supply of Atlantic salmon has increased by 534% since 1995 (annual growth of 7%). Annual growth in the period 2015-2024 was 2%. Mowi expects growth to remain relatively stable at 3% from 2024 to 2029.
“The background for this trend is that the industry has reached a production level where biological boundaries are being pushed. It is therefore expected that future growth can no longer be driven only by the industry and regulators, as measures are implemented to reduce its biological footprint. This requires progress in technology, development of improved pharmaceutical products, implementation of non-pharmaceutical techniques, improved industry regulations and intercompany cooperation,” the report states.
The report also sheds light on the cost structure of salmon production, with the working capital needed, entry barriers, risk factors and an analysis of capital return.
Mowi's 2025 handbook reaffirms salmon farming's alignment with global macro trends, positioning it as a healthy, sustainable, and crucial component of the world's future food security.
Download the report in the link below.
