agricultural · input

Fish Meal and Fish Oil (Aquaculture Feed)

Rendered fishmeal and fish oil from Peruvian/Chilean anchoveta; ~70% of global fish oil from Peru; critical for farmed salmon (10 lbs fish meal per lb salmon) and shrimp feeds; El Niño events disrupt supply

6

Source countries

6

Companies

1

Goods affected

0

Claims on record

What depends on it

Goods that need this input

1 essential American goods rely on fish meal and fish oil (aquaculture feed) somewhere upstream in their supply chain.

Where it comes from

Source countries

Share of global supply, by country.

CountryShare of supply
PEPeru20%
NONorway10%
CLChile8%
CNChina8%
DKDenmark6%
USUnited States5%

Who makes it

Supplier companies

6 companies produce fish meal and fish oil (aquaculture feed).

TASA (Tecnológica de Alimentos SA)

HQ PE12% share

TASA (Tecnológica de Alimentos SA; Lima Peru; privately held; owned by Breca Group, a major Peruvian conglomerate) is Peru's largest fishmeal and fish oil producer — accounting for approximately 25-30% of Peru's total fishmeal output and ~10-12% of global fishmeal supply. TASA operates a fleet of ~100+ industrial fishing vessels (cerqueros) targeting anchoveta (Engraulis ringens) in the Humboldt Current, and runs 11 reduction plants along Peru's Pacific coast from Paita in the north to Ilo in the south. TASA is vertically integrated: vessel fleet → coastal reduction plants → fishmeal/fish oil export. TASA's fishmeal is certified by MarinTrust (formerly IFFO RS) for responsible sourcing and supplies global aquaculture feed compounders (Cargill, Skretting, BioMar) as well as premium pet food manufacturers. The company also operates salmon farming in Chile through its sister company.

COPEINCA (China National Fisheries)

HQ PE8% share

COPEINCA (Corporación Pesquera Inca S.A.C.); owned by China National Fisheries Corporation (CNFC), a Chinese state enterprise; receives ~19% of Peru's anchoveta landings — the second-largest company share in the fishery; CNFC acquired COPEINCA in 2013 for ~$800M, making it the first Chinese state acquisition of a major Western fishmeal company; operates Chimbote processing plants; Chinese state ownership of 19% of Peru's catch means Beijing directly controls a material share of the world's most important fishmeal fishery

Tongwei Co., Ltd.(600438.SS)

HQ CN8% share

Chengdu-based company that is the world's largest solar-grade polysilicon producer (capacity: ~230,000 MT/year in 2024). Originally founded as a fish feed and aquaculture company in 1984 — the solar division grew out of leveraging aquaculture pond rooftops for solar panel testing. Now controls ~26% of global polysilicon capacity and the largest global solar cell manufacturing operation.

FF Skagen A/S

HQ DK6% share

FF Skagen A/S (Skagen, North Jutland Denmark; cooperative/private) is one of Europe's largest fishmeal and fish oil producers, processing North Sea herring, capelin, blue whiting, and sand eel at its Skagen fishmeal plant — the largest reduction facility in Denmark. FF Skagen is owned by Danish fishermen's cooperatives and processes pelagic catches from Danish and other Nordic vessels. North Sea sand eel (Ammodytes spp.) is a key input — sand eel are small forage fish used almost entirely for fishmeal/oil reduction rather than direct human consumption. FF Skagen's fishmeal supplies European aquaculture (Norwegian salmon, Mediterranean sea bass/sea bream) and pet food manufacturers. Sand eel quotas in the North Sea are set by the EU Common Fisheries Policy and have been subject to environmental pressure due to sand eel's importance as prey for seabirds (puffins, kittiwakes) and North Sea cod.

Austevoll Seafood ASA

HQ NO5% share

Austevoll Seafood ASA (Storebø, Hordaland Norway; OSE: AUSS; ~NOK 30B revenue) is a vertically integrated Norwegian seafood company and one of the world's largest fishmeal and fish oil producers. Austevoll owns Welcon (Pelagic AS, Lima Peru) — a major Peruvian fishmeal producer — and Norwegian pelagic fish (herring, mackerel, capelin) reduction operations. Austevoll also owns approximately 52% of Lerøy Seafood Group (OSE: LSG), Norway's second-largest salmon farmer — creating a vertically integrated chain from fishmeal production to salmon farming to salmon processing. Austevoll's Peru operations (Welcon/Pelagic) hold anchovy quota and operate reduction plants; its Norway operations catch North Sea herring and capelin processed to fishmeal and fish oil. Austevoll is uniquely positioned as both a fishmeal producer and a fishmeal consumer (via its salmon farming stake in Lerøy).

Omega Protein Corporation (Cooke Inc.)

HQ US4% share

Dominant US menhaden fishery operator; ~90% of US menhaden harvest; primary US source of fish meal and omega-3 fish oil for pet food.