Financials and Economy

As pet humanisation rises, demand for higher-quality, specialised and science-backed nutrition, especially in cat food, is expected to remain resilient.

This data is based on statistics shared by 12 IFFO members, accounting for 40% of global fishmeal production and 50% of fish oil output.

The long-running competitive process, which began in 2024, is nearing its conclusion, with DSM expected to retain a stake in the business.

Aquaculture production surpasses 192,000 tons; Saudi seafood exports reach US$350 million.

This number signals rising investor interest in a sector that is now gaining a lot of interest.

Feed revenue rose significantly to SAR 6.29 million (US$1.68 million), a 13% year-on-year increase.

Unusual biological conditions in Norway, including shifts in feeding patterns and salmon biomass development, negatively affected salmon feed demand.

Analysts projected the company’s fiscal 2026 revenues to reach about US$1.46 billion, a 4.4% year-on-year increase,

The company’s feed division, Mowi Feed, also reported record earnings and its second-highest sales volumes.

For the third quarter ending Sept. 30, Nestlé’s Pet Care segment reported net sales of US$5.47 billion, down from US$5.73 billion during the same period last year.