Nutrimar

Name

Nutrimar

Legal name

Nutrimar AS

Website

https://nutrimar.no

Company type

Private

Founded year

2006

Operating status

Operating

Headcount range

51–100 employees

Short description

Nutrimar AS is a Norwegian B2B marine ingredient manufacturer that processes Atlantic salmon by-products and large kelp into sustainable feed ingredients for the Norwegian aquaculture and animal feed industries.

Ownership category

akta.pro rank

Product category

Aquaculture Feed Ingredients

NAICS

Seafood Product Preparation and Packaging (31171), Aquaculture (1125)

SIC

Food And Kindred Products (2000)

akta.pro primary industry

Aquaculture Feed & Nutrition (farm-level feed programs) (AFAEAAAL)

akta.pro secondary industries

Finfish Feed (Salmonids, Trout, Sea Bass/Bream, Tilapia, Catfish) (AFADADAA), Specialty Performance Feed (Pigmentation, Flesh Quality, FCR Optimization) (AFADADAJ)

Keywords

• Marine ingredients
• Salmon by-products
• Aquaculture feed
• Kelp processing
• Sustainable feed

Headquarters

HQ city

Kverva

HQ country

Norway

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Marine Ingredient Sales: Processing and selling marine raw materials including by-products from Atlantic salmon processing and large kelp into natural, nutritious ingredients for feed and other applications

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Nutrimar harvests and processes fresh marine raw materials from the Norwegian coast—specifically by-products from Atlantic salmon processing and large kelp—into natural, nutritious marine ingredients used primarily in aquaculture feed and animal feed applications. The company operates a biorefinery on Frøya (Kverva) and supports a circular value chain in salmon production.

Product overview

Nutrimar operates as a marine ingredient processor offering a portfolio of products derived from large kelp and Atlantic salmon. The company harvests fresh marine raw materials from the Norwegian coast and processes them into natural, nutritious ingredients for feed applications. The product line includes salmon-derived proteins and kelp-based ingredients, with a focus on sustainability and circular economy principles in salmon production.

Differentiator

Problem solved

Functional benefit

Products and services

• Marine Ingredients from Atlantic Salmon Processed marine ingredients derived from Atlantic salmon processing by-products, including proteins for use in aquaculture feed applications. Research by Nutrimar scholar Ingrid Sandbakken demonstrated that salmon can be fed their own proteins, supporting a circular value chain in salmon production.
• Marine Ingredients from Large Kelp Nutrimar harvests and processes large kelp from Norwegian coastal waters into natural and nutritious marine ingredients with applications in animal and fish feed, supporting sustainable feed production and reducing dependency on traditional fish meal.

Quantifiable outcome

• Research by nutrition scholarship holder Ingrid Sandbakken proved salmon grow well and get better health when fed their own proteins

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Scale indicators2 records

Recent moves4 records

Expansion highlights4 records

Direct peers

• Aker BioMarine: Norwegian marine ingredient company harvesting Antarctic krill and producing krill meal and oil for aquaculture feed and human nutrition. Directly comparable as a Norwegian-headquartered marine ingredient processor serving the aquaculture feed value chain with proprietary processing technology.
• Veramaris: Joint venture producing algae-based EPA and DHA omega-3 oils for inclusion in aquaculture feed as a sustainable alternative to fish oil. Directly comparable as a marine-origin ingredient supplier selling sustainable alternatives into the same aquaculture feed customer base Nutrimar targets.
• Olmix Group: French company producing algae-based and marine-sourced ingredients for animal nutrition, with a dedicated aquaculture feed range. Comparable as another marine ingredient specialist selling seaweed-derived solutions into animal and aquaculture feed.
• Ocean Harvest Technology: Irish company producing proprietary seaweed-based feed ingredients (OceanFeed) for animal nutrition including aquaculture. Comparable as a seaweed-to-feed ingredient specialist targeting the same sustainability narrative in feed applications.
• Algea: Global processor of macroalgae (seaweed) producing extracts and ingredients for animal feed, agriculture, and human nutrition. Directly comparable to Nutrimar's kelp processing line as a specialist in macroalgae-to-feed ingredient conversion at commercial scale.

Broad incumbents

• Skretting (Nutreco): World's largest dedicated aquaculture feed manufacturer, headquartered in Norway, and the most likely buyer of Nutrimar's marine ingredients. Comparable as a potential customer and a competitive threat should Skretting vertically integrate circular-economy feed development in-house.
• Cargill Animal Nutrition & Health: Global animal feed and nutrition division of Cargill with an aquaculture feed business (including the EWOS acquisition). Comparable as a broad incumbent in the feed ingredient and aquaculture feed market with deep R&D capacity to develop or absorb competing technologies.
• BioMar: Major global aquaculture feed manufacturer with strong salmon feed presence in Norway. Comparable as both a target customer for Nutrimar's marine ingredients and a potential competitor developing its own sustainable protein sources.
• Alltech: Global animal nutrition company with aquaculture feed solutions and a strong focus on proprietary feed additives and sustainable nutrition programs. Comparable as a broad incumbent in feed ingredient R&D, particularly in alternative proteins and sustainable aquaculture.

Emerging players

• Phileo by Lesaffre: Animal nutrition and health business unit of Lesaffre focused on yeast-based probiotics and functional ingredients for aquaculture and livestock feed. Comparable as an emerging specialist in alternative protein / microbiome-based feed ingredients entering the sustainable aquaculture space.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights5 records

Customer concentration

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 Nutrimar