Understand any stock in simple English
Enter a ticker to learn what the company does and how it makes money.
BioMar makes feed for farmed fish and shrimp, selling it to aquaculture farmers around the world.
BioMar makes the food that farmed fish eat. If you've eaten a salmon fillet, a shrimp, or a trout recently, there's a decent chance the animal was raised on BioMar feed. The company sells to fish farmers — the businesses that raise salmon in Norwegian fjords, shrimp in Southeast Asian ponds, and trout in freshwater tanks — and it operates feed factories in countries near those farms so the food doesn't have to travel far.
The product itself is more technical than it sounds. Fish feed has to be nutritionally balanced for each species and life stage, formulated from fishmeal, fish oil, plant proteins, vitamins, and other ingredients, and made into pellets that sink or float correctly and don't cloud the water. Getting the recipe right affects how fast the fish grow, how healthy they stay, and how much the farmer spends per kilo of fish produced. Feed is typically the single biggest cost in fish farming, which is why farmers care a lot about which brand they buy and why BioMar competes hard on feed conversion and fish health rather than just price. BioMar is owned by Schouw & Co, a Danish industrial holding company, and its shares trade on Nasdaq Copenhagen. The aquaculture feed market is an oligopoly: BioMar, Skretting (part of the private Dutch group Nutreco), and Cargill's aquafeed business are the big global players, with regional challengers in markets like Chile and Asia. BioMar has grown by building or buying feed plants in key farming regions — Norway, Chile, Scotland, Greece, Ecuador, and beyond — and by expanding into shrimp feed, which is a huge and still-growing market.
The business is quietly tied to one of the biggest trends in food: as wild fish stocks stay flat and the world wants more protein, aquaculture keeps growing, and every extra farmed fish needs feed. BioMar's results rise and fall with salmon prices, disease outbreaks in fish farming, and the cost of raw ingredients like fishmeal and soy, so it's a cyclical business rather than a steady one. But it sits in a critical spot in the food chain — a company most shoppers have never heard of, feeding the animals that end up on their plates.
Saved answer · last researched 15 Nov 2026