Aquaculture Compound Feed (Fish / Shrimp Complete Diet)

World's largest dedicated aquaculture feed company; part of Nutreco (Netherlands, owned by SHV Holdings). Produces salmon, trout, shrimp, sea bass, sea bream, and tilapia feeds for farms in Norway, Scotland, Chile, Canada, Turkey, and globally. Primary supplier of feed to Norwegian Atlantic salmon industry (world's largest farmed salmon producer). ~$2.5B revenue. 24 production plants in 18 countries.

New Hope Group (Chengdu Sichuan China; SZSE: 000876; founded 1982 by Liu Yonghao; ~$22B revenue; China's largest animal feed company and one of the three largest feed companies globally) is the dominant poultry feed manufacturer in China, which is the world's largest poultry producer and feed consumer. New Hope Liuhe (the listed subsidiary) operates 300+ feed mills across China and 20+ countries including Vietnam, Bangladesh, Indonesia, Egypt, and Ethiopia — producing ~25 million tonnes of compound animal feed annually, of which approximately 40% is poultry feed (broiler and layer formulations). New Hope's poultry feed dominance in China means it is the single largest customer for corn and soybean meal from China's domestic market as well as imported supplies. New Hope Liuhe is vertically integrated into poultry farming and meat processing in China. Liu Yonghao is one of China's wealthiest entrepreneurs; his company's growth mirrors China's protein consumption rise — from a regional feed company in Sichuan in the 1980s to a 300-mill global network by 2024. New Hope's international expansion (17 countries by 2024) is driven by the same playbook that built its Chinese dominance: build or acquire local feed mills, then integrate upstream (soy crushing, corn trading) and downstream (chicken farming, processing).

Major international aquaculture feed company; owned by Hestia Group (Danish conglomerate). Produces salmon, trout, sea bass, sea bream, halibut, and shrimp feeds. Major supplier to Norwegian and Scottish salmon farms; also serves Chile, Turkey, and global markets. ~$2B revenue; 16 production plants. Competes directly with Skretting and Cargill Aqua for the premium Norwegian/Chilean salmon feed market.

Largest privately held company in the US by revenue (~$160B in FY2024). Cargill Protein – North America processes beef and pork with major plants at Dodge City KS (one of the world's largest beef plants), Schuyler NE (4,800 cattle/day, 2.7M lbs/day), Wichita KS (beef). ~22% of US beef packing (mid-2000s estimate; current share may be slightly lower). Also a major agricultural commodity trader, animal feed maker, and food ingredient supplier. Cargill's private structure means no public financial disclosure — making supply chain risk assessment harder. The Cargill family holds the majority of shares, making it the wealthiest private US company.

World's largest polysilicon producer by capacity (~910,000 MT); also makes solar cells, modules, and animal feed — the dual-use company that pivoted from aquaculture to solar manufacturing.

One of China's largest aquaculture feed companies; major supplier to Chinese freshwater fish (carp, tilapia, catfish) and shrimp farms. Also operates in Southeast Asia (Vietnam, Indonesia, Thailand). Competes with Tongwei and New Hope in the massive Chinese domestic aqua feed market. Listed on Shenzhen Stock Exchange.