Product Offerings
Product Categories:
Seafood
Products:
Fresh Salmon: Whole salmon, fillets, portions
Frozen Salmon: Whole salmon, fillets, portions
Value-Added Products: Cold-smoked salmon, hot-smoked salmon, marinated salmon
Product Gallery:
Bakkafrost P/F is one of the world's leading producers of premium Atlantic salmon, headquartered in Glyvrar, Faroe Islands. With a fully integrated value chain and a steadfast commitment to sustainability, Bakkafrost has positioned itself as a benchmark in the global aquaculture industry. The company controls every aspect of production—from feed manufacturing to hatcheries, farming, processing, and even sea freight logistics—ensuring consistent quality and traceability.
Core Business and Specialization
Bakkafrost specializes in the farming, processing, and global distribution of Atlantic salmon (Salmo salar). Its vertically integrated business model provides full control over the entire aquaculture lifecycle, setting the company apart from competitors reliant on external suppliers.
The company's specialization includes:
- Sustainable and antibiotic-free salmon farming
- Closed-containment freshwater hatcheries
- Marine farming operations in the pristine fjords of the Faroe Islands
- State-of-the-art processing facilities for fresh, frozen, and value-added salmon products
Product and Service Offerings
Bakkafrost delivers a wide array of salmon products under its globally recognized brands:
-
Fresh Salmon
- Whole Salmon
- Trimmed Fillets (Trim A-E)
- Pre-portioned cuts
-
Frozen Salmon
- Individually Quick Frozen (IQF) Portions
- Whole Frozen Salmon
- Frozen Fillets
-
Value-Added Products
- Cold-Smoked Salmon
- Hot-Smoked Salmon
- Marinated Salmon
- Sliced retail packs
These products serve multiple segments including wholesale, retail, foodservice, and value-added product manufacturers.
Unique Selling Proposition (USP)
Bakkafrost’s differentiation is anchored in its:
- Full vertical integration across the entire value chain
- Environmental sustainability, with 100% of its salmon raised without antibiotics
- Use of proprietary fishmeal and feed, including marine and sustainable plant-based sources
- High-welfare fish farming supported by innovative closed containment systems in freshwater
- Stringent biosecurity standards, isolating operations within Faroe Islands to mitigate disease
Bakkafrost also owns and operates its own fleet of wellboats and a modern sea freight vessel, M/S Bakkafossur, enhancing its supply chain agility.
Financials and Market Reach
Bakkafrost is publicly listed on the Oslo Stock Exchange under the ticker BAKKA. According to its 2022 Annual Report:
- Revenue: DKK 6.9 billion (~USD 1.03 billion)
- EBIT: DKK 1.2 billion
- Harvest Volume: 72,200 tonnes (gutted weight)
- Export Markets: Over 30 countries including the U.S., U.K., France, Germany, and China
The acquisition of The Scottish Salmon Company in 2019 further expanded Bakkafrost’s reach in the UK and European markets, adding substantial farming and processing capacity.
Shipment and Export Performance
- Annual Export Volume: Over 70,000 tonnes
- Primary Export Markets: European Union, United States, Russia, and East Asia
- Logistics: Through owned logistics including sea freight and reefer containers
Bakkafrost leverages its in-house logistics capabilities to maintain cold chain integrity and reduce environmental impact, shipping directly from the Faroe Islands to key global ports.
Target Market
Bakkafrost serves a diverse set of global customers:
- International retail chains
- Michelin-starred restaurants and fine dining establishments
- Sushi and sashimi markets
- Processors of ready meals and smoked salmon products
Its value proposition is tailored to markets prioritizing quality, sustainability, and traceability in seafood sourcing.
Capabilities and Infrastructure
- 14 Sea Farming Sites across Faroe Islands
- 5 Hatcheries including new RAS (Recirculating Aquaculture System) units
- 2 Processing Plants with advanced filleting and portioning lines
- Feed Mill producing 110,000+ tons of feed annually
- R&D division focused on genetics, fish health, and nutrition
- Fleet of vessels including wellboats and the hybrid-powered cargo vessel M/S Bakkafossur
These capabilities ensure efficiency, quality control, and resilience across production and distribution operations.
Certifications and Compliance
Bakkafrost holds multiple internationally recognized certifications:
- Global GAP
- ASC (Aquaculture Stewardship Council) certified farms
- ISO 22000 for food safety management
- BRCGS for food production standards
- Friend of the Sea
Additionally, the company is a signatory to the UN Global Compact and reports transparently under the Sustainability Accounting Standards Board (SASB) framework.
Customer Testimonials and Recognition
Bakkafrost has been lauded by partners for its product integrity and ESG leadership:
“Bakkafrost consistently delivers high-quality salmon with full traceability. Their sustainability performance aligns perfectly with our sourcing values.”
— Senior Seafood Buyer, EU Retail Chain
Industry recognition includes:
- Seafood Excellence Global Award Finalist
- Multiple awards for sustainability reporting and ethical farming practices
Major Achievements
- Acquired The Scottish Salmon Company (2019), expanding operations into Scotland
- Launched M/S Bakkafossur (2022), reducing CO₂ emissions in logistics by up to 50%
- Ranked among the top salmon producers for sustainability in the Coller FAIRR Index
- Transitioned to 100% non-GMO and antibiotic-free feed for all Faroe Islands operations
- Achieved record-high harvest volumes and revenues in 2022 despite global logistical challenges
Bakkafrost P/F continues to lead the aquaculture sector by combining scale, sustainability, and innovation to deliver superior Atlantic salmon to the world.