What Blumar Seafoods does

Blumar S.A. is a Chilean publicly traded company with more than 77 years of history (founded 1948) operating a vertically integrated seafood business across two segments: Aquaculture (Atlantic salmon farming in Los Lagos, Aysén, and Magallanes regions) and Fishing (pelagic catches of jack mackerel, mackerel, sardine, and anchovy in Caldera, Talcahuano, Coronel, and Corral). The company controls the full production cycle from ova acquisition and hatcheries to grow-out centers, processing plants, and international commercialization, with proprietary operational assets including a 100% RSW-equipped fishing fleet, BluFarming management software, and remote salmon feeding systems. It holds top-tier certifications including ASC, BAP 4-star, MSC chain of custody, MarinTrust, BRCGS, IFS, HACCP, Kosher, and Halal.

Blumar's product portfolio spans fresh and frozen Atlantic salmon (HON, HG, Trim C/D/E/F, portions, blocks under brands Laguna Blanca, BluGlacier, OSHEN), fishmeal (65–68% protein grades) and fish oil (EPA/DHA omega-3) for aquaculture feed, frozen pelagic fish for human consumption, and value-added mussels and breaded products through subsidiaries St. Andrews and PacificBlu. Revenue is generated via transaction-based pricing across B2B international sales (USA, Brazil, Russia, Japan, China, Korea, West Africa, Peru, Europe), wholesale distribution channels, government contracts (Junaeb school feeding), and direct-to-consumer retail (Mercado Blumar in Punta Arenas; El Golfo Comercial brand).

The go-to-market combines enterprise field sales through owned sales offices in Miami, Pontevedra (Spain), and Shanghai with participation in Seafood Expo Global, Conxemar, and AquaForum trade shows, supplemented by sustainability-driven content marketing and ESG positioning. Blumar reported FY2025 consolidated revenue of US$712.8 million with EBITDA of US$79.7 million, achieved on salmon harvest volumes above 65,000 tons (26% YoY growth) and jack mackerel production above 140,000 tons (20% YoY growth). The company is executing the ContraCorriente transformation plan for salmon profitability and the Proyecto Faro strategic roadmap to 2030 for the fishing segment, funded in part by a US$260 million sustainability-linked syndicated loan with Rabobank executed in April 2024.

Name

Blumar Seafoods

Legal name

Blumar S.A.

Website

https://blumar.com

Company type

Public

Founded year

1948

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Blumar S.A. is a Chilean publicly traded seafood company integrating Atlantic salmon aquaculture and pelagic fishing (jack mackerel, fishmeal, fish oil), serving international B2B buyers in the Americas, Europe, and Asia plus domestic retail through Mercado Blumar and El Golfo Comercial.

Ownership category

akta.pro rank

Product category

Seafood Production & Aquaculture

NAICS

Seafood Product Preparation and Packaging (3117), Shellfish Farming (112512), Fish and Seafood Retailers (44525), Fish and Seafood Merchant Wholesalers (42446)

SIC

Prepared Fresh Or Frozen Fish & Seafoods (2092), Food And Kindred Products (2000)

akta.pro primary industry

Finfish Processing (Filleting, Portioning, Trimming) (AFANADAB)

akta.pro secondary industries

Shellfish Processing (Shrimp, Crab, Lobster, Mollusks) (AFANADAC), Marine Shellfish Farming (e.g., oysters, mussels, clams) (AFAEAAAB), Seafood Markets & Fishmongers (CRAHAHAC)

Keywords

• Salmon aquaculture
• Frozen seafood production
• Fishmeal and fish oil
• Pelagic fish processing
• Vertically integrated fishing

Headquarters

HQ city

Las Condes

HQ country

Chile

HQ region

Latin America

Offices10 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Salmon Sales: Atlantic salmon production and sales (fresh and frozen), commercialized internationally primarily to USA, Brazil, and Russia in various formats (HON, HG, Trim C/D/E/F, salmon blocks, portions)
2. Fishmeal and Fish Oil: Production and sale of fishmeal (67%+ protein) and fish oil used as feed ingredients for aquaculture and livestock, distributed to Japan, China, and Korea
3. Frozen Pelagic Fish: Frozen jack mackerel (jurel), mackerel, sardine, and anchovy sold primarily to West Africa, Peru, Eastern Europe and other markets
4. Retail Sales: Direct consumer sales through Mercado Blumar retail stores and El Golfo Comercial and Blumar brands in domestic Chilean market
5. Mussel and Value-Added Products: Through subsidiaries St. Andrews and PacificBlu, commercializes mussels (choritos), breaded products and white fish derivatives in America, Europe and Asia markets

Pricing tiers

Go-to-market motion2 records

Distribution channels6 records

Marketing channels12 records

Core offering

Blumar Seafoods is a vertically integrated Chilean fishing and aquaculture company that produces Atlantic salmon (fresh and frozen), fishmeal, fish oil, and frozen pelagic fish (jack mackerel, mackerel, sardine, anchovy). The company manages the complete production cycle from fishing fleet operations and fishmeal processing to salmon farming (hatcheries, grow-out centers, processing plants) through to international commercialization and retail sales through Mercado Blumar stores.

Product overview

Blumar Seafoods is a vertically integrated Chilean fishing and aquaculture company with 77+ years of history. The company operates two main business segments: Aquaculture (salmon farming) and Fishing (pelagic fisheries). In aquaculture, Blumar cultivates Atlantic salmon in the southern regions (Los Lagos, Aysén, Magallanes) with products including fresh/frozen salmon in various cuts (HON, HG, Trim C/D/E/F, portions, blocks) sold primarily to USA, Brazil, and Russia markets. The fishing segment includes catch and processing of jurel (jack mackerel), mackerel, sardine, and anchovy, producing fish meal and fish oil for aquaculture feed (sold to Japan, China, Korea) and frozen fish products for human consumption in Africa, Europe and Latin America. The company operates subsidiaries including PacificBlu (mussels, whitefish), St. Andrews, BluRiver (Magallanes salmon), and retail stores under the Mercado Blumar brand. Premium brands include Laguna Blanca salmon from Magallanes.

Differentiator

Problem solved

Functional benefit

Brands

• El Golfo Comercial: Retail brand for local and international market participation
• Laguna Blanca
• BluGlacier
• Mercado Blumar
• OSHEN

Products and services

• Atlantic Salmon (Salmón Atlántico)

Quantifiable outcome

• 65,000+ tons salmon harvested in 2025 (26% growth vs 2024)
• +6 more outcomes

Named customers6 records

Segments6 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

18 partnerships are on record, tiered core and minor.

• Junaeb (Junta Nacional de Auxilio Escolar y Becas)coreStrategic or Co-development Partner · 1 January 2025Blumar supplies premium Atlantic salmon to the national school feeding program, reaching 11,800+ students in 67 schools across Magallanes. This partnership, which began as a pilot in 2018, was expanded to full regional coverage in 2026 through competitive bidding process.
• St. AndrewscoreStrategic or Co-development PartnerSubsidiary company that commercializes mussels (choritos), breaded products, and white fish derivatives in markets across America, Europe, and Asia.
• PacificBlucoreStrategic or Co-development PartnerSubsidiary that commercializes value-added seafood products including mussels, breaded products, and white fish derivatives in international markets.
• Universidad San Sebastián (USS)coreStrategic or Co-development PartnerThree-year partnership providing audiology services to San Vicente community through student-led health screenings. Over 1,022 health services delivered. Also collaborates on school support programs and professional development.
• Mesa Tripartita Libertad-GaeteminorStrategic or Co-development Partner23-year collaboration with 8 industrial companies, neighborhood associations, and municipality addressing environmental and social challenges in Talcahuano area.
• SalmonChilecoreStrategic or Co-development PartnerBlumar participates as member company in SalmonChile association, contributing to industry-wide sustainability initiatives, community programs, and advocacy for regulatory improvements.
• Global Salmon Initiative (GSI)coreStrategic or Co-development PartnerBlumar is member of GSI, first international organization focused on sustainability in salmon farming. GSI drives industry-wide improvements in environmental responsibility and social performance.
• Pacto Global Chile (UN Global Compact)coreStrategic or Co-development PartnerBlumar is member of UN Global Compact, committing to integrate sustainability into corporate strategy through implementation of 10 principles covering human rights, labor, environment, and anti-corruption.
• The Nature Conservancy (TNC)minorStrategic or Co-development PartnerAlliance with University of Los Lagos to study algae's role in salmon farming, exploring regenerative aquaculture practices in Aysén region.
• Walmart ChileminorStrategic or Co-development PartnerJoint initiative with Walmart and The Nature Conservancy in Aysén focusing on regenerative aquaculture development.
• Liceo María BehetycoreStrategic or Co-development PartnerLong-term partnership with technical school in Punta Arenas providing ROV training, food safety courses, and aquaculture facility visits for students since 2018.
• Cervecería KunstmannminorStrategic or Co-development PartnerCollaboration exploration between two companies with decades of presence in Los Ríos region, focusing on industrial development opportunities.
• Banco de Alimentos del MarcoreStrategic or Co-development PartnerInitiative by industrial fishermen with companies Camanchaca, Landes, PacificBlu, FoodCorp, Blumar, and Nutrisco that has delivered 1.5 million fish rations to elderly since 2020. Recognized by Pacto Global Chile.
• InacapminorStrategic or Co-development PartnerPartnership with Inacap Valdivia for student internship program, hosting 70+ students for industry orientation visits.
• VeramarisminorStrategic or Co-development PartnerInnovation collaboration to improve salmon health, welfare, and quality through enhanced nutrition in Atlantic salmon production.
• UMAG (Universidad de Magallanes)minorStrategic or Co-development PartnerAgreement to support UMAG students with professional practicums at Blumar facilities.
• Liceo Bicentenario Carlos HaverbeckminorStrategic or Co-development PartnerPartnership for student training in food industry skills, including 3-year labor insertion program.
• BirdLifeminorStrategic or Co-development PartnerSecond phase of mitigation project for incidental bird capture in fishing operations.

Scale indicators25 records

Recent moves10 records

Expansion highlights6 records

Direct peers

• Orizon: Chilean pelagic fishing and jack mackerel (jurel) processor. Direct competitor in the fishing segment for jurel and other pelagic species sold to West Africa, Peru, and Eastern Europe.
• SalMar: Norwegian global salmon farming major. While geographically separate, SalMar is a key pricing benchmark for Atlantic salmon and competes with Blumar in supplying international salmon markets with similar premium product positioning.
• Bakkafrost: Faroese vertically integrated salmon producer with own feed production and processing. Comparable integrated model to Blumar and competitor in premium salmon segments in Europe and Asia.
• Camanchaca: Chilean vertically integrated salmon farming and fishing company. Most direct competitor to Blumar in both salmon aquaculture (Los Lagos/Aysén) and pelagic fishing (jurel, anchovy), with overlapping international sales channels.
• Multiexport Foods: Chilean salmon producer operating Atlantic and Pacific salmon farming plus processing. Direct competitor in salmon exports to USA, Brazil, and Japan with comparable product mix and certifications.
• Grieg Seafood: Norwegian salmon farming company with Norwegian, British Columbian, and Newfoundland operations. Competes with Blumar in the global Atlantic salmon market with comparable premium and value-added product focus.
• Australis Seafoods: Chilean salmon farming company with operations in Magallanes and Aysén. Direct geographic and product peer to Blumar's salmon segment, particularly in the Magallanes region where both operate.
• Cermaq: Salmon farming company owned by Mitsubishi with operations in Norway, Chile, and Canada. Direct competitor in Chilean salmon farming with similar export channels into USA and Asia.

Broad incumbents

• Mowi: World's largest Atlantic salmon farmer headquartered in Norway with operations in Chile, Scotland, Ireland, Norway, and Canada. Competes with Blumar in Chilean salmon farming and globally in salmon sales, with much broader geographic and product diversification.
• Lerøy Seafood Group: Norwegian vertically integrated seafood group (salmon, whitefish, processing, distribution). Competes with Blumar in salmon and value-added seafood across European and global retail/foodservice channels.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCjJcDrTIoSFqyOUGgwYmWVA
• Facebookfacebook.com/blumarseafoods
• LinkedIncl.linkedin.com/company/blumar-seafoods
• Instagraminstagram.com/Blumar_Seafoods
• Xx.com/blumar_seafoods

Compliance10 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Subsidiaries8 records

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Blumar Seafoods