Pelagia AS

What Pelagia AS does

Pelagia AS is a privately held Norwegian seafood company headquartered in Bergen that processes pelagic fish and manufactures fishmeal, marine oils, and protein concentrates across three integrated divisions: Pelagia Food (14 processing facilities producing fresh, frozen, and marinated herring, mackerel, capelin, and silversmelt for export); Pelagia Feed (fishmeal, marine oils, and protein concentrates for aquaculture and animal feed, including Pro-Allo meal and H-Oil Salmon Oil); and Pelagia Health (premium marine lipid ingredients under the EPAX brand for dietary supplements and pharmaceuticals, including the 2025-launched EPAX Evolve 05, the world's first commercially available VLC-PUFA product). The company applies a 100% fish utilization, zero-waste philosophy and operates from 46 locations across five countries (Norway, Denmark, UK, Ireland, and additional markets) with approximately 1,700 employees.

Pelagia's competitive position rests on proprietary process technology including the EQP+Tech molecular distillation platform (maintaining 90%+ triglyceride content without excessive heat or harsh chemicals, backed by data from over a thousand test runs), custom re-esterification with sensors monitoring thousands of data points, Pro-Allo fishmeal with over 32% water-soluble protein content, and high-temperature heat pump drying technology that reduces energy use by approximately 70% at the Måløy facility. Regulatory credentials include US FDA Pharmaceutical Intermediates approval, Norwegian Medicines Agency API production approval, and GMP+ FSA plus MarinTrust certifications across multiple feed products. The company invests in research partnerships (Nofima, SINTEF) and industrial decarbonization collaborations (Enerin, Swedish Exergy).

The business model is B2B wholesale across four primary vertical segments (fisheries, aquaculture, food processing, and health/nutraceutical), with sales managed by regional sales managers in Norway, the UK, and international markets through quote-based pricing. Revenue is generated through one-time license/sale of physical marine ingredient products, with distribution through direct sales channels and global export of seafood products. Capital structure reflects an active acquisition strategy (Ideal Foods in March 2024, Blue Ocean Technology consolidated by June 2024, Fjord Solutions in June 2025) and two consecutive NOK 1,000 million senior unsecured bond issuances in 2024 and 2025 applied for listing on Oslo Børs.

Name

Pelagia AS

Legal name

Pelagia Holding AS

Website

https://pelagia.com

Company type

Private

Operating status

Operating

Headcount range

251–500 employees

Short description

Pelagia AS is a privately held Norwegian seafood processor with three integrated divisions: Food (14 pelagic fish processing facilities), Feed (fishmeal and marine oils), and Health (EPAX omega-3 concentrates). It serves B2B customers across fisheries, aquaculture, food processing, and nutraceutical industries in five countries.

Ownership category

akta.pro rank

Product category

Seafood Processing

NAICS

Seafood Product Preparation and Packaging (3117)

SIC

Prepared Fresh Or Frozen Fish & Seafoods (2092), Fats & Oils (2070)

akta.pro primary industry

Seafood By-Products & Fishmeal/Fish Oil Processing (Rendering, Hydrolysates, Collagen) (AFANADAJ)

akta.pro secondary industries

Finfish Feed (Salmonids, Trout, Sea Bass/Bream, Tilapia, Catfish) (AFADADAA), Aquaculture Feed & Nutrition (HLAMAHAF), Smoked, Cured & Salted Seafood (Lox, Kippers, Bacalao) (AFANADAF)

Keywords

• Pelagic fish processing
• Fishmeal production
• Marine oil refining
• Omega-3 concentrates
• Aquaculture feed ingredients

Headquarters

HQ city

Bergen

HQ country

Norway

HQ region

Europe

Offices8 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Pelagia Food - Pelagic Seafood Products: Processing and export of pelagic fish including herring, mackerel, capelin, and silversmelt in fresh, frozen, and marinated forms. 14 processing facilities in Norway and Northern Europe ensuring freshness and high quality.
2. Pelagia Feed - Fishmeal and Marine Oils: Production of fish meal, marine oils, and protein concentrates for aquafeed and animal feed applications. Includes Pro-Allo meal, marine protein, and liquid protein products for aquaculture.
3. Pelagia Health - EPAX Omega-3 Products: Premium-quality marine ingredients for dietary supplements and pharmaceuticals under the EPAX brand. Includes ultra-concentrated omega-3, VLC-PUFA products, and specialty fatty acid ingredients for nutraceutical applications.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Core offering

Pelagia AS processes and refines pelagic fish (herring, mackerel, capelin, silversmelt) into fresh, frozen, and marinated seafood products, fishmeal and marine oils for aquaculture feed, and ultra-concentrated omega-3 ingredients (including VLC-PUFA) for dietary supplements and pharmaceuticals under the EPAX brand. Operating across 14+ processing facilities in Norway and Northern Europe with a 100% fish utilization, zero-waste model.

Product overview

Pelagia AS operates three integrated divisions: Pelagia Food (14 processing facilities processing pelagic fish into fresh, frozen, and marinated products including herring, mackerel, capelin, and silversmelt); Pelagia Feed (fishmeal, marine oils, and protein concentrates including Pro-Allo meal and H-Oil® Salmon Oil for aquaculture and animal feed); and Pelagia Health/Epax (premium marine lipid ingredients for dietary supplements and pharmaceuticals under EPAX® brand, including EPAX® Evolve 05 as the world's first VLC-PUFA product and EPAX® Cetoleic 2040). The company processes 100% of raw materials with zero waste philosophy across operations in Norway, Denmark, Ireland, and UK.

Differentiator

Problem solved

Functional benefit

Brands

• Pro-Allo Meal: A breakthrough fishmeal optimized to improve feed efficiency, fish health, and survival rates in aquaculture, with over 32% water-soluble protein content.
• EPAX
• H-Oil Salmon Oil
• Pro-AquaPept
• H-pro Salmon Protein Concentrate
• FPC Fish Protein Concentrate

Products and services

• Pelagia Food
• Pelagia Feed

Quantifiable outcome

• Pro-Allo fishmeal reduces vulnerable fish by up to 86% compared to standard fishmeal in seabass trials
• +5 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Six partnerships are on record, tiered core and minor.

• EnerincoreStrategic or Co-development Partner · 21 January 2026Project partner in high-temperature heat pump and superheated steam drying technology for energy-efficient fishmeal production. Collaboration focused on industrial decarbonization at Måløy facility with technology capable of reducing energy use by 70%.
• SINTEFcoreStrategic or Co-development Partner · 21 January 2026Research partner in SUSHEAT project developing smart waste heat recovery and thermal energy storage technologies. SINTEF contributing expertise in high-temperature heat pump systems for industrial decarbonization.
• Swedish ExergycoreStrategic or Co-development Partner · 21 January 2026Project partner in high-temperature heat pump technology for fishmeal production. Contributing to development of energy-efficient drying solutions using superheated steam technology.
• Ideal Foods LimitedcoreStrategic or Co-development Partner · 7 March 2024Pelagia acquired 100% of the shareholding in Ideal Foods Limited and its subsidiaries, including Ideal Nutritional Foods. Ideal Foods is headquartered in Cornwall, UK, specializing in fish, shellfish and co-products trading, with a subsidiary supplying fish products for leading baby food producers. Pelagia intends to develop synergies while maintaining continuity of service.
• Blue Ocean Technology AScoreStrategic or Co-development Partner · 1 February 2024Pelagia first became majority shareholder (February 2024) then 100% owner (June 2024) of Blue Ocean Technology. Company develops technical solutions for dewatering, concentration and drying of aquaculture sludge. Integration provides comprehensive sludge handling solutions for aquaculture industry.
• NofimaminorStrategic or Co-development Partner · 1 January 2023Lead partner in EU-funded AQUABIOPRO project focused on bringing proteins and bioactive nutrients from fish processing by-products into the food chain through nutritional supplements.

Scale indicators7 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• TripleNine: Danish fishmeal and fish oil producer headquartered in Nyborg. Highly comparable as a Northern European marine protein and oil manufacturer serving aquaculture feed markets—direct overlap with Pelagia Feed.
• Marvesa: Dutch specialty fish oil refiner producing crude, refined, and hydrogenated fish oils for feed and food applications. Comparable to Pelagia's marine oil and feed ingredient business.
• Aker BioMarine: Norwegian krill-based marine ingredient company producing omega-3 concentrates for nutraceuticals. Closest like-for-like comparison given Norwegian base, marine-sourced omega-3 focus, and similar ingredient-supplier business model to Pelagia Health/Epax.
• KD Pharma Group: Specialist in omega-3 concentrates and fatty acid formulations for nutraceuticals and pharmaceuticals. Direct overlap with Epax in Pelagia Health for high-concentration EPAX/DHA ingredients and customized lipid formulations.
• Hofseth BioCare: Norwegian marine ingredients company producing salmon-derived protein and oils for nutraceuticals. Comparable end-market focus and Norwegian supply base to Pelagia's Health and Feed divisions.
• GC Rieber Oils: Norwegian fish oil refiner based in Kristiansund producing omega-3 oils for human nutrition. Similar Nordic raw material base and overlapping product portfolio with Pelagia Health/Feed marine oils.

Broad incumbents

• DSM-Firmenich: Global nutrition and health ingredient giant with significant omega-3 (DHA/EPA) portfolio via Martek acquisition. Competes with Pelagia Health in high-concentration omega-3 ingredients across nutraceuticals and infant nutrition.
• Croda International: UK-listed specialty ingredient company with health care and omega-3 capabilities (Incromega range). Competes with Pelagia Health/Epax in triglyceride-form omega-3 concentrates for supplements and pharma.
• BASF: Global chemicals and nutrition giant with omega-3 ingredients (formerly BASF Pronova) and broad animal nutrition portfolio. Competes with Pelagia Health on omega-3 ingredients across human and animal nutrition.
• Cargill Aqua Nutrition: Global aquafeed giant and significant buyer of fishmeal and marine proteins. Overlaps with Pelagia's feed customers and competes through integrated aquaculture solutions.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance9 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries6 records

Funding overview

Funding rounds

Investors

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

M&A1 record

Investments

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

Frequently asked questions about Pelagia AS