Salmon Industry Shifts to Poultry Feed Amid Global Production Growth
The latest in this situation
- Atlantic salmon farming operations in Chile are utilizing biological inputs for production.
- Mowi continues to supply salmon to UK retailers, leveraging production from Norway and Chile.
- Chile is a leading fish oil producer contributing to the omega-3 market, with Novonesis and Algiecel utilizing a site in Kalundborg for production.
How it started
What happened
Producers of salmon in Europe are replacing traditional fish-meal with poultry-derived feed, which is half the price per tonne of fishmeal. Leroy Seafood Group, a major producer in Norway, has introduced this feed at its offshore farms, and Mowi plans to adopt it in Norway and Scotland. Separately, salmon exports from Chile reached approximately US$6.5 billion in 2025, making it the country's second-largest export product after copper.
Why it matters
The shift to cheaper feed sources is lowering production costs across the aquaculture industry. Chile is a critical global supplier, producing roughly one-third of the world's farmed salmon supply, with the United States being its leading market. This trend affects the cost structure of major global salmon producers.
Who's involved
- SalmonThe primary commodity being discussed, with production concentrated in Norway and Chile.
- NorwayA major producer of salmon, which is adopting poultry-derived feed to mitigate rising fishmeal costs.
- ChileA major global producer of farmed salmon, whose exports constitute the country's second-largest revenue source.
- SalmarA salmon producer that has begun testing chicken-based feed alternatives.
- TescoA British retailer that receives salmon from producers utilizing the new feed.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- ChileSpeculative
Chilean farmers might benefit from the global trend toward cheaper, viable feed alternatives, potentially lowering production costs.
- MowiSpeculative
Mowi might lower its production costs and improve margins by adopting cheaper poultry feed.
- NorwaySpeculative
Norwegian producers might lower their production costs by adopting feed changes to mitigate rising fishmeal expenses.
- TescoSpeculative
Tesco might benefit from lower salmon production costs, potentially improving its pricing power in the market.
- EuropeSpeculative
The European aquaculture sector might undergo a structural shift toward cheaper feed sources, affecting industry costs.
How it developed
Newest first. Tap a step to see who reported it.- Atlantic salmon farming operations in Chile are utilizing biological inputs for production.Sub-event
Mowi continues to supply salmon to UK retailers, leveraging production from Norway and Chile.1 source
- Chile is a leading fish oil producer contributing to the omega-3 market, with Novonesis and Algiecel utilizing a site in Kalundborg for production.Sub-event
- Austevoll Seafood conducts business operations in Norway and the EU.Sub-event
- Mowi divested its salmon farming operations to Cooke Inc.Sub-event
Status update on salmon production and exports involving Norway and Chile.1 source
Keep exploring
The entities involved
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Salmon
read allignment tool
Nothing else this week.
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Norway
country in Northern Europe
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Chile
country in South America and Oceania, with a claim in Antarctica
Related events
- European manufacturing operations are expanding into Norway, involving Saildrone.
- Japan's demand is driving the tuna market, with a Norwegian scientist contributing to a fishery critique.
- Øystein Aas warns of a severe salmon crisis in Norway, noting significant decline in the Gaula and Orkla rivers.
- Daniel Lawson questions current fishing agreements between Norway and Scotland, while Norwegian vessels continue to catch large quantities of fish.