Noray Seafood

What Noray Seafood does

Noray Seafood is a privately held for-profit company headquartered in Medina Del Campo, Spain, operating in the aquaculture sector. The company produces land-based farmed vannamei (whiteleg) shrimp and supplies fresh shrimp products marketed as additive-free. Its operational footprint corresponds to 11-50 employees, indicating a small-to-mid-scale production setup relative to industrial shrimp processors or large integrated aquaculture groups.

The company's core activity is indoor/land-based shrimp farming, a production modality that contrasts with traditional coastal pond aquaculture or marine capture. By controlling the production environment on land, the operator can theoretically reduce exposure to ocean-borne contaminants, antibiotics, and seasonal variability that affect wild-caught and open-pond shrimp supply. Products are positioned as fresh and free from additives, targeting buyers who value transparency in seafood provenance.

The business model appears to be B2B distribution of fresh shrimp to downstream buyers such as wholesalers, retailers, and hospitality channels in Spain and potentially broader European markets. No pricing model, contract structure, customer segmentation, or revenue mechanics are disclosed in the available data, so the go-to-market specifics cannot be detailed beyond the general descriptor of supplying fresh additive-free shrimp products. Capital intensity typical of land-based RAS aquaculture suggests the operator relies on significant upfront facility investment, though funding history, facility capacity, and production volumes are not reported.

Name

Noray Seafood

Website

https://norayseafood.es

Company type

Private

Headcount range

11–50 employees

Short description

Noray Seafood is a Spain-based private aquaculture company that produces land-based farmed vannamei shrimp and supplies fresh, additive-free shrimp products to downstream food-sector buyers in the European market.

Ownership category

akta.pro rank

Product category

Aquaculture / Shrimp Production

NAICS

Aquaculture (1125), Seafood Product Preparation and Packaging (3117)

SIC

Prepared Fresh Or Frozen Fish & Seafoods (2092)

akta.pro primary industry

Crustacean Farming (e.g., shrimp, prawns, crab) (AFAEAAAC)

akta.pro secondary industry

Aquaculture Harvest, Processing & Packing (Farmed Finfish/Shellfish; On-Farm Plants) (AFANADAL)

Keywords

• Land-based shrimp farming
• Vannamei shrimp production
• Fresh seafood supply
• Additive-free shrimp products
• Indoor aquaculture

Headquarters

HQ city

Medina Del Campo

HQ country

Spain

HQ region

Europe

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Supply Chain, Personnel, Infrastructure

Core offering

Noray Seafood produces land-based farmed vannamei shrimp and supplies fresh, additive-free shrimp products. The company operates an indoor/land-based aquaculture operation that grows shrimp without marine inputs and delivers fresh, additive-free finished shrimp products to customers.

Differentiator

Problem solved

Functional benefit

Products and services

• Fresh Land-Based Farmed Vannamei Shrimp Fresh vannamei (white-leg) shrimp produced via land-based indoor aquaculture, supplied without additives. Targeted at buyers seeking traceable, fresh shrimp produced in a controlled, land-based farming environment.

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Direct peers

• NaturalShrimp: NaturalShrimp is a US-based publicly traded company operating land-based, recirculating aquaculture systems for raising shrimp without antibiotics or chemicals. It is the closest direct peer to Noray Seafood, sharing the same onshore RAS production model and clean-label, additive-free positioning for vannamei shrimp.

Emerging players

• Pure Salmon: Pure Salmon is developing a global network of land-based RAS salmon farms. It shares Noray's onshore RAS production philosophy and premium, locally-grown positioning, and is a relevant comparable for understanding the operational, capital, and scaling dynamics facing European land-based aquaculture ventures.
• Atlantic Sapphire: Atlantic Sapphire pioneered commercial land-based, RAS-raised Atlantic salmon production in Denmark and the US. While it produces salmon rather than shrimp, it is directly comparable to Noray as a land-based RAS aquaculture operator targeting premium, traceable seafood for Western markets using controlled-environment technology.

Broad incumbents

• Cermaq: Cermaq is a major global salmon farming company owned by Mitsubishi, with operations in Norway, Chile, and Canada. While focused on salmon rather than shrimp, Cermaq is a relevant incumbent comparable for aquaculture production scale, biosecurity practices, and European market access that Noray could aspire to or partner with.
• Charoen Pokphand Foods: Charoen Pokphand Foods (CPF) is a Thailand-based global aquaculture and food conglomerate with extensive shrimp farming operations in Asia and a worldwide distribution footprint. It is a broad incumbent that sets the commodity price benchmark against which Noray's premium land-based shrimp must justify its price premium.
• Thai Union Group: Thai Union is one of the world's largest seafood companies, producing frozen and value-added shrimp products under brands like Chicken of the Sea and King Oscar. It is a broad incumbent comparable that competes with Noray at the retail/foodservice level for shelf space and consumer spend on shrimp.

Others

• Skretting: Skretting is the global aquaculture feed division of Nutreco and the world's largest supplier of shrimp and salmon feeds. It is an ecosystem participant comparable to Noray as a likely supplier of vannamei feed formulations and is a key input partner for any land-based shrimp operation.

Regional players

• Salmones Camanchaca: Salmones Camanchaca is a Chilean salmon farming company listed on the Oslo Stock Exchange. Although it operates in a different species (salmon) and geography (Chile), it is a relevant comparable for understanding the public-market valuation framework and operational risks of vertically integrated aquaculture producers targeting premium Western seafood markets.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat2 records

Key risks5 records

Key highlights1 record

Customer concentration

• LinkedInlinkedin.com/company/noray-seafood

Revenue estimate

Valuation estimate

Number of profiles

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 Noray Seafood