Outstanding Product in the Future Protein-Market
The Kingfish Company N.V. (“Kingfish” or “the Company”) is well-positioned to capitalize on the rapidly growing sustainable seafood market, projected to reach USD 26 billion by 2030. With an ESG-certified, award-winning product and a strong customer base in Europe and the U.S., the Company is expected to emerge as a dominant player in sustainable aquaculture. Continuous R&D investments have optimized production efficiency, reducing mortality rates and improving margins. Additionally, a 29% increase in sales volumes in 2024 highlights Kingfish’s ability to scale production. Based on these factors, Analyst Group views Kingfish as an attractive investment in the sustainable seafood industry.
- Market Tailwinds
The global sustainable seafood market is projected to grow at a CAGR of 5.6% from 2023 to 2030 reaching USD 26 b. Analyst Group sees the Company as well-positioned to capitalize on the vast market and its growth with an ESG-certified, award-winning product. Backed by a strong customer base in Europe and the US, the Company is expected to emerge as a dominant player in the growing sustainable fishing industry in the coming decade.
- Operational Efficiency
Through continuous investments in R&D to optimize hatchery and production cycles, minimizing mortality rates, Kingfish is set to increase profitability through improved cost efficiencies and increased production volumes. The aforementioned is expected to lead to higher gross margins per kilogram of fish, mid to long term. Analyst Group expects R&D investments to exponentially grow, solidifying Kingfish’s position in the industry.
- Scale-up in Production and Sales
Kingfish is well positioned to capitalize on a strong demand by scaling production, which was evident in Q3 2024, when sales volumes rose to 1,436 tons, marking an increase of 29% LTM. With production capacity continuously expanding through a majority of CAPEX investments already taken, the Company can shift focus towards enhancing sales and marketing efforts, further enabling growth and solidifying Kingfish’s position as an industry first-mover.
