Seafood stocks surge on Oslo exchange as sector value multiplies twentyfold.
The market value of seafood companies listed on the Oslo Stock Exchange has increased twentyfold over the past two decades, highlighting the sector’s rapid expansion and growing investor interest, according to figures presented at the North Atlantic Seafood Forum.
Christian Jomaas of Pareto Securities said that in 2006 there were six seafood companies listed in Oslo with a combined value of NOK 16 billion ($1.6 billion). Today, the number has risen to 23 companies with a combined market capitalisation of about NOK 312 billion ($31.2 billion).
“Nothing has experienced such massive growth as the seafood industry,” Jomaas said.
Salmon production has grown by an average of 3.8 percent annually, while the seafood index has delivered average returns of around 14 percent per year over the past 15 years, outperforming the broader OSEBX Index, which has returned about 10 percent annually over the same period.
Jomaas said the sector also remains active on the dealmaking front. In 2025 there were 15 transactions valued at more than NOK 1 billion ($100 million) each.
Norway’s seafood industry currently produces around 42 million meals per day, he said, and accounts for more than half of global salmon supply.
It is also one of the few industries in which Norway holds a dominant global market position, with more than 100,000 direct and indirect jobs linked to the sector.
Jomaas noted that mergers and acquisitions during the past year have been driven in part by technology providers and service companies supplying the aquaculture sector.
Consolidation among salmon farmers is also continuing internationally, he said, citing Mowi’s acquisition of Nova Sea as one recent example.