Nutreco

What Nutreco does

Nutreco N.V. is a privately held Dutch animal nutrition company operating since 1994 through two core business lines — Skretting (world leader in aquaculture feeds for fish and shrimp) and Trouw Nutrition (global leader in feed specialties, premixes and nutritional services for livestock and pets). The company serves farmers, feed producers, integrators and home-mixers across 100+ countries from production plants in 37 countries, employing over 12,000 people, and is wholly owned by Dutch family investment firm SHV since the April 2015 take-private.

The technology stack spans proprietary Phytotechnology (Garden of the Future in Thurgau, Switzerland producing PhytoComplexes, with 4 commercial products and 17 in pipeline), the world's first food-grade powder cell feed plant in Boxmeer, Netherlands (opened November 2024, supplying cultivated meat and seafood companies such as BlueNalu, Mosa Meat, Fork & Good and Extracellular), the Eruvaka intelligent shrimp farming ecosystem (AI-based sonic feeding, 60,000+ devices, 12 countries, 45,000+ hectares of ponds), and the Nutreco Exploration microbiome-mining program. Brands include MicroBalance® (marine-ingredient-free feed since 2016), EDGEOS PhytoComplex-powered Necto/Optiline/Lorica, Fytera™ phytotechnology additives, Presan Evolve, Revalet circular-byproduct treatment (400,000 MT/year), and MyMilkPrint dairy carbon-footprint service.

The revenue model is dominated by B2B sales of physical feed, premixes and additives via two dedicated direct sales forces, with pricing that is quote-based, contract-negotiated and not publicly disclosed. Ancillary revenue streams include managed-services style contracts (Eruvaka embedded in Skretting), industrial partnerships (notably the Mowi–Skretting hybrid feed partnership announced December 2025, expected to generate more than EUR 125M/NOK 1,475M in annual EBITDA by 2026 plus over $65M in net annual cost savings), cell-feed media supply to cultivated protein startups, and digital advisory services (NutriOpt, Formulation-as-a-Service) bundled with physical product. Long-term patient capital from SHV funds multi-year R&D and platform investments, supplemented by external grants (e.g., Bill & Melinda Gates Foundation $4.8M in 2022).

Name

Nutreco

Legal name

Nutreco N.V.

Website

https://nutreco.com

Company type

Private

Founded year

1994

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Nutreco is a privately held Dutch animal nutrition company operating Skretting (aquaculture feeds) and Trouw Nutrition (livestock feed specialties and premixes) across 100+ countries, serving farmers, integrators and feed producers from 37 production countries with over 12,000 employees.

Ownership category

akta.pro rank

Product category

Animal Nutrition

NAICS

Aquaculture (11251), Other Animal Food Manufacturing (311119)

SIC

Agricultural Prod-Livestock & Animal Specialties (200), Food And Kindred Products (2000), Wholesale-Farm Product Raw Materials (5150)

akta.pro primary industry

Aquaculture Feed & Nutrition (HLAMAHAF)

akta.pro secondary industries

Shrimp & Prawn Feed (AFADADAB), Functional & Health Aquaculture Feed (Immunity, Disease Mitigation) (AFADADAI), Organic Micro-Ingredients & Supplements (Kelp, Herbs, Oils) (AFADAJAK)

Keywords

• Animal nutrition
• Aquaculture feed
• Livestock premixes
• Phytotechnology additives
• Cell feed media

Headquarters

HQ city

Amersfoort

HQ country

Netherlands

HQ region

Europe

Offices10 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Technology or R&D, Personnel, Marketing or Sales, Infrastructure

Revenue model

1. Sale of aquaculture feeds (Skretting): Manufacture and supply of aquaculture feeds including proprietary lines such as MicroBalance, EDGEOS PhytoComplex-powered Lorica and Optiline shrimp feeds, and Necto fish health diet; sold globally with embedded advisory/digital services such as Eruvaka intelligent feeding.
2. Sale of livestock feed specialties, premixes and nutritional services (Trouw Nutrition): Species-specific nutritional solutions consisting of feed concepts, products and nutritional know-how; products include Fytera additives, Milkiwean for piglets, PullyCare for rearing hens, Maxcare premix ranges, Presan Evolve, Selko/Revalet circular solutions, and the MyMilkPrint/Carbon Reduction Program Dairy service. Sold to farmers, home-mixers, feed producers, integrators and distributors worldwide.
3. Sale of cell feed / culture media to cultivated protein companies: Selling the first bags of cell feed (powder basal media) from the Boxmeer facility to cultivated meat and seafood customers, mainly for R&D purposes but also for small-scale production.
4. Intelligent aquaculture technology and services (Eruvaka): Deployment of AI-based sonic feeding technology, automatic feeders, water-quality monitoring systems and a farm-management platform to commercial shrimp farms; integrated within Skretting's broader nutrition and advisory framework.
5. Strategic industrial feed partnership with Mowi: Mowi produces feed based on Skretting's formulation under a hybrid model combining Mowi's feed assets with Skretting's formulation expertise and Nutreco's procurement capabilities; expected to generate more than EUR 125 million (NOK 1,475 million) in annual EBITDA contributions by 2026 and more than $65 million in net annual cost savings.

Pricing tiers

Go-to-market motion4 records

Distribution channels5 records

Marketing channels7 records

Core offering

Nutreco manufactures and supplies animal nutrition and aquaculture feed through two dedicated business lines: Skretting (aquaculture feeds for fish and shrimp) and Trouw Nutrition (feed specialties, premixes and nutritional services for livestock and pets). The company also sells proprietary phytotechnology-based additives, intelligent aquaculture technology (Eruvaka), and powder basal cell feed media for cultivated meat and seafood producers from the world's first food-grade cell feed plant in Boxmeer.

Product overview

Nutreco is an animal nutrition and aquaculture company operating as a holding with two primary business lines (Skretting for aquaculture feeds and Trouw Nutrition for livestock and pets feed specialties, premixes and nutritional services) plus innovation platforms and acquired technology assets that extend beyond traditional feed. The portfolio is a platform-plus-modules architecture: Skretting and Trouw Nutrition form the commercial core, while innovation platforms include NuFrontiers (corporate venturing into nutrition, health, digital and precision farming, alternative farming and alternative proteins), the Garden of the Future phytotechnology hub in Thurgau producing proprietary PhytoComplexes and the Fytera™ and EDGEOS PhytoComplex ranges, the world's first food-grade cell feed production facility in Boxmeer serving cultivated protein, and Eruvaka's intelligent shrimp farming ecosystem combining AI-driven sonic feeding, water-quality monitoring and farm management software. Supporting products include MicroBalance® marine-ingredient-free aquaculture feed, functional feeds Necto/Optiline/Lorica, Presan Evolve broiler additive, the Revalet byproduct treatment range, MyMilkPrint dairy carbon footprint service, the Hendrix4U smallholder feed program, the Nuterra sustainability programme and the Nutrace quality management programme.

Differentiator

Problem solved

Functional benefit

Brands

• Skretting: World leader in the manufacture and supply of aquaculture feeds (for fish and shrimp), operating as Nutreco's aquaculture business line.
• Trouw Nutrition
• Eruvaka
• EDGEOS
• Fytera
• Necto
• Optiline
• Lorica
• Hendrix4U
• NuFrontiers

Products and services

• Skretting Aquaculture Feeds World leader in the manufacture and supply of aquaculture feeds for fish and shrimp; applies ingredient and nutritional knowledge to develop innovations that achieve optimum nutritional value, sustainable production and economic performance. Serves salmon, shrimp, sea bass, sea bream, trout, barramundi, tilapia, pangasius and catfish producers globally.
• Trouw Nutrition Feed Specialties and Premixes Global leader in innovative feed specialties, premixes and nutritional services for the animal nutrition industry (livestock and pets); provides species-specific nutritional solutions consisting of feed concepts, products and nutritional know-how to farmers, home-mixers, feed producers, integrators and distributors worldwide.
• Eruvaka Intelligent Aquaculture Platform AI-based intelligent aquaculture ecosystem combining sonic feeding technology (hydrophones), automatic feeders, water-quality monitoring and a farm management platform for commercial shrimp farmers; operates across 12 countries with 60,000+ intelligent feeding devices monitoring 45,000+ hectares of shrimp ponds and supporting approximately 20,000 harvests annually.
• MicroBalance® Aquaculture Feed First aquaculture feed completely independent from marine raw materials, brought to market by Skretting in 2016 to address sustainability concerns about marine ingredient sourcing.
• Necto Fish Health Diet Skretting functional health diet for fish featuring a pioneering blend of PhytoComplexes with other well-documented ingredients to support fish health and welfare.
• Optiline Shrimp Grower Feed Skretting shrimp grower feed enhanced with proprietary EDGEOS PhytoComplexes; delivers measurable improvements in growth and feed efficiency.
• Lorica Shrimp Health Feed Skretting functional shrimp health feed enhanced with EDGEOS PhytoComplexes for improved functionality, resilience and overall shrimp health.
• Fytera™ Phytotechnology Product Line Portfolio of phytotechnology-based solutions embedded into flagship offerings such as Milkiwean (weaned piglets) and PullyCare (rearing hens) and as core components of Maxcare premix ranges; also sold globally as standalone feed additives.
• Presan Evolve Broiler Solution Next-generation Trouw Nutrition broiler solution combining a proprietary PhytoComplex crafted from four distinct plant materials with target-release butyrates; demonstrated 100g increase in final body weight and 5.9-point improvement in feed conversion ratio.
• Nutreco Cell Feed (Cultivated Protein Media) Food-grade powder basal media produced at the world's first dedicated cell feed production facility in Boxmeer, the Netherlands; provides customised, cost-effective, sustainable media that supports early-stage production for cultivated meat and seafood companies, performing comparably to pharmaceutical alternatives at lower cost.
• MyMilkPrint Dairy Sustainability Service

Quantifiable outcome

• 47% reduction in Scope 1 and 2 GHG emissions vs 2018 baseline; eliminated use of coal and oil across operations
• +12 more outcomes

Named customers3 records

Segments5 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability8 records

Feature10 records

Partnerships

23 partnerships are on record, tiered flagship, core and minor.

• SHV HoldingsflagshipStrategic or Co-development PartnerFamily-owned Dutch investment firm SHV purchased Nutreco in 2015, resulting in delisting from NYSE Euronext Amsterdam in April 2015. SHV provides long-term patient capital, group-level procurement, and governance (SHV CEO Floris de Ryck commented on leadership transition); Ricardo Kandelman, SHV Executive Board Member, officially opened the world's first cell feed production facility in Boxmeer.
• Micronutrients (The Micronutrients business of Micronutrients USA LLC / global hydroxy-based trace minerals leader)flagshipStrategic or Co-development PartnerAcquired by Nutreco in December 2015 with Atlas Advisors acting as advisor. Acquisition aimed to strengthen Nutreco's animal nutrition business Trouw Nutrition and expand Micronutrients' growth through geographical expansion and technological development.
• Eruvaka (Indian aquatech startup)flagshipStrategic or Co-development PartnerNutreco first partnered with Eruvaka in 2018; Nutreco acquired a majority stake from Omnivore (which exited its investment), and in 2023 completed full ownership. The deal allows Nutreco to expand its aquaculture services globally through its subsidiary Skretting, providing software, equipment, and monitoring services to shrimp farmers. As of May 2026, Eruvaka operates across 12 countries, manages/monitors 45,000+ hectares of shrimp ponds with 60,000+ intelligent feeding devices, supports ~20,000 harvests annually, and in 2025 routed ~480,000 metric tonnes of feed and ~370,000 metric tonnes of shrimp worth $1.25 billion through its connected systems.
• AECI Animal Health (South Africa)coreStrategic or Co-development PartnerNutreco announced in July 2024 the acquisition of AECI Animal Health in South Africa, expanding its animal health footprint in Southern Africa. Reported by Petfoodprocessing, Weareaquaculture and Feedstrategy.
• BlueNalu (cultivated seafood company)coreStrategic or Co-development PartnerNutreco moved into cell-based protein in 2020, partnering with BlueNalu (founded by Lou Cooperhouse) and Mosa Meat (CEO Maarten Bosch) to amplify its commitment to Feeding the Future with science-based innovations that advance sustainability across the value chain. Lou Cooperhouse featured as keynote speaker at the official opening of the Boxmeer cell feed plant in October 2024.
• Mosa Meat (cultivated beef company)coreStrategic or Co-development PartnerStrategic partnership announced in 2020 as Nutreco moved into cell-based protein; Mosa Meat CEO Maarten Bosch featured as keynote speaker at the October 2024 opening of the Boxmeer cell feed plant. Nutreco has also issued a dedicated Nutreco–Mosa Meat grant supporting cultivated protein innovation.
• Fork & Good (cultivated red meat company)coreStrategic or Co-development PartnerAnnounced strategic collaboration in December 2025 together with Extracellular to scale up cultivated red meat cost-efficiently. Fork & Good develops value-added ingredients for B2B partners; Jon Lee, Bioprocess Director at Fork & Good, is the lead counterpart. Initial work focuses on high-performing media formulations, ingredient innovation and cost-driver workstreams.
• Extracellular (CDMO/biomanufacturing infrastructure)coreStrategic or Co-development PartnerAnnounced strategic collaboration in December 2025 alongside Nutreco and Fork & Good. Extracellular, led by CEO Will Mulligan, provides CDMO-scale R&D capabilities, infrastructure and process engineering for industrial deployment of cultivated protein.
• Mowi ASAflagshipStrategic or Co-development PartnerStrategic and industrial partnership announced 22 December 2025. Mowi produces feed based on Skretting's formulation, combining Mowi's feed factory assets with Skretting's formulation expertise and Nutreco's procurement capabilities. Expected to generate more than NOK 1,475 million (EUR 125 million) in annual EBITDA contributions by 2026 and more than $65 million in net annual cost savings; Mowi declared a NOK 1.50/share quarterly dividend.
• Nutrivice B.V.coreImplementation/ SI/ Consulting PartnerCollaboration with Trouw Nutrition R&D on a 4-year OPZuid-funded project titled 'Realising the maximal reduction of nitrogen emissions achievable through dietary means within the dairy herd of Noord-Brabant.' Nutrivice functions as the indispensable link to dairy farmers and their daily operations; founder Peter van Dooren leads market rollout.
• FAO Livestock Environmental Assessment and Performance (LEAP) PartnershipcoreStrategic or Co-development PartnerNutreco joined the FAO-hosted LEAP Partnership in December 2025 (Bing Xiaoyun, Sustainability Director at Nutreco, leads engagement). LEAP develops science-based tools to measure and reduce the environmental impact of livestock production. Nutreco will participate in LEAP technical working groups and the Steering Committee, support harmonised approaches to measuring environmental impact, and bring innovation in feed and circular ingredient solutions. Through IFIF (founding LEAP member) Nutreco has contributed for at least five years.
• Solidaridad (Trust Dairy project lead)coreImplementation/ SI/ Consulting PartnerTrust Dairy project (2021–2024) in India led by Solidaridad (Mohd Dilshad, Senior Programme Manager – Sugarcane and Dairy) in partnership with Nutreco, Govind Milk and Milk Products and the Baramati Agriculture Development Trust. Trained 1,525 dairy farmers from 89 villages; model farms achieved 14% increase in milk yield per cow and 42% increase in monthly income; reduced average carbon footprint per kg of milk by 14%.
• Govind Milk and Milk Products (India)minorStrategic or Co-development PartnerCo-partner in the Trust Dairy project (2021–2024) to ensure sustainable and profitable dairy farming for smallholders in India.
• Baramati Agriculture Development Trust (India)minorImplementation/ SI/ Consulting PartnerCo-partner in the Trust Dairy project (2021–2024) to create a robust framework for small dairy farming based on sustainable and economically feasible modern dairy farming technologies in India.
• Cleanfarms (Canada)coreStrategic or Co-development PartnerTrouw Nutrition Canada feed-bag recycling pilot run with Cleanfarms since January 2024. Bins accepting Trouw Nutrition feed bags for free recycling set up at the company's Okotoks and Westlock mill stores in Alberta; expansion agreement signed to include other bags used within Nutreco mills.
• Roslin Technologies (Rosling Technologies)coreStrategic or Co-development PartnerAlternative-protein start-up partnered with Nutreco (Ernst van Orsouw, CEO Roslin Technologies, was a featured speaker at the October 2024 cell feed plant opening). NuFrontiers has partnered with Roslin Technologies to maximise the protein sources available to feed the future.
• Atlas AdvisorsminorOthersAtlas Advisors acted as Nutreco's financial advisor during the December 2015 acquisition of Micronutrients.
• Global Dairy Platform and Dairy Sustainability Framework (LEAP co-members)minorStrategic or Co-development PartnerCo-members of the FAO Livestock Environmental Assessment and Performance (LEAP) Partnership alongside Nutreco, Association of Mastitis (India), Global Dairy Platform and Dairy Sustainability Framework.
• Wageningen University & Research / Wageningen University and Research Centre (NL)coreImplementation/ SI/ Consulting PartnerResearch partner on nitrogen-emission reduction in dairy and on environmental impact of switching from traditional dry feeds to liquid feeds based on food-industry byproducts in swine production; Trouw Nutrition collaborator on the OPZuid-funded nitrogen project.
• University of California Davis (USA)minorImplementation/ SI/ Consulting PartnerResearch collaborator with Trouw Nutrition on nitrogen efficiency in North American dairy and beef systems as part of the OPZuid-funded project.
• Federal University of Lavras (Brazil)minorImplementation/ SI/ Consulting PartnerResearch collaborator with Trouw Nutrition on nitrogen efficiency for Brazilian dairy and beef systems as part of the OPZuid-funded project.
• International Feed Industry Federation (IFIF)minorStrategic or Co-development PartnerFounding LEAP member; Nutreco is a member and contributes to shaping the PEFCR Feed Standard and ensuring the feed industry's perspective is represented globally.
• Ghetto Kids (Uganda dance group)minorGTM or Marketing PartnerPartnered with Nutreco's Middle East and Africa (MEA) team on a video showcasing the connection between health, nutrition and farm management as part of the Hendrix4U program.

Scale indicators15 records

Recent moves11 records

Expansion highlights7 records

Direct peers

• Alltech: Alltech is a global leader in animal nutrition, premixes, feed additives and specialty ingredients, with a comparable product portfolio to Trouw Nutrition's premix and specialty lines. Both companies compete in species-specific feed solutions for livestock and aquaculture producers worldwide.
• BioMar Group: BioMar is a leading global aquaculture feed manufacturer focused on salmon and shrimp, headquartered in Denmark — directly comparable to Skretting in product category, customer base (salmon/shrimp farmers), and business model (B2B feed formulation and supply).
• Charoen Pokphand Foods (CPF): Charoen Pokphand is one of the world's largest integrated animal feed and aquaculture producers, with extensive operations in Asia — directly comparable to Nutreco/Skretting in aquaculture feed and to Trouw Nutrition in livestock feed across overlapping Asian and Latin American markets.

Broad incumbents

• De Heus Animal Nutrition: De Heus is a Dutch-headquartered global animal feed manufacturer with a comparable product range to Trouw Nutrition across livestock feed, premixes and concentrates, serving farmers and integrators across Europe, Asia, Africa and the Middle East.
• ADM Animal Nutrition: ADM Animal Nutrition is a major global feed manufacturer offering premixes, complete feeds, and feed ingredients for livestock, aquaculture and pets. It is a broad incumbent in the same industry as Nutreco, serving many of the same integrator and feed producer customers worldwide.
• Phibro Animal Health: Phibro Animal Health is a diversified animal health and nutrition company supplying feed additives, nutritional specialties and animal health products — comparable to Trouw Nutrition's Selko/Revalet additive portfolio and to portions of AECI Animal Health, Nutreco's recently acquired South African animal health business.
• Cargill Animal Nutrition: Cargill's animal nutrition business is one of the world's largest producers of animal feed and premixes, competing directly with Trouw Nutrition globally and indirectly with Skretting in aquaculture. Both companies operate globally across livestock feed, premixes, and aquaculture, with comparable scale and customer overlap.
• Evonik Animal Nutrition: Evonik's Animal Nutrition business supplies amino acids, premixes and specialty feed additives — directly comparable to Trouw Nutrition's specialty ingredients and Trouw/Selko additive product lines, particularly in livestock and aquaculture.
• dsm-firmenich (Animal Nutrition & Health): dsm-firmenich's Animal Nutrition & Health division supplies premixes, vitamins, and feed additives — comparable to Trouw Nutrition's specialty additives and Selko product lines. Both companies operate globally with overlapping premix customers in livestock and aquaculture.

Regional players

• JAPFA Comfeed Indonesia: JAPFA is one of the largest integrated poultry and aquaculture feed producers in Southeast Asia — comparable to Nutreco/Skretting in aquaculture feed and Trouw Nutrition in livestock feed across overlapping Asian geographies (Vietnam, Indonesia, India).

Market position

Strengths5 records

Weaknesses5 records

Competitive moat8 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/results?search_query=Nutreco+Corporate
• LinkedInlinkedin.com/company/nutreco

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles21 records

Subsidiaries5 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A3 records

Investments18 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Nutreco