The turnover of Japan’s top 20 seafood companies reached an astounding JPY 4 trillion ($33 billion/EUR29 billion) in 2014, with the top five companies accounting for 40 percent of this figure.
As home to the world’s two largest seafood traders and with a third company featuring in the world’s top five, the scale of Japan’s seafood companies never ceases to amaze and is no mean feat for a country with the 10th largest global population.
Long centered around the domestic market, shifting conditions and trends in the Japanese economy and consumption patterns have seen several of the country’s largest seafood players looking to snatch market share elsewhere over the last few years, with M&A activity rife across a variety of species and countries.
From Maruha Nichiro’s investment in Austral Fisheries and pangasius trader Seafood Connection to Marubeni’s purchase of US shrimp import business Eastern Fish Company through its US subsidiary and Mitsubishi’s salmon investments; Japanese companies are making their mark worldwide.
IntraFish’s new exclusive report on the Japanese seafood market documents all recent activity and strategic moves amongst Japan’s top 20 seafood companies, giving their revenues and information on their key species, partnerships and strategy.
It also examines the key trends affecting Japanese seafood consumption and production and looks at the most traded species, their sourcing and prices.
IntraFish also offers our constantly updated Top 150 seafood companies listing FREE when you subscribe. Click here to visit: www.intrafish.com/intrafish150, or email us for subscription options.
