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PRIVACY
Retail & Consumer

Cornish seafood firm targets Japan as sales head towards £15m

Family-run Ideal Foods is to take part in the virtual Foodex Japan trade show in March 2021

Some of Ideal Foods' fish products

A Cornish seafood business is to target the Japanese market as it predicts turnover will hit £15million in 2021.

Family-run Ideal Foods Ltd has accepted an invitation by DIT Japan to join the º£½ÇÊÓÆµ pavilion of Foodex Japan, from March 9 to 12, as a virtual exhibitor.

The Liskeard-based company has 19 years of international trading experience, exporting fish, shellfish and fish by-products to customers in more than 40 countries, specifically in the Far East, Europe and the USA.

During the past 13 years, Ideal Foods has seen consistent year-on-year growth. In 2020 the company recorded another record year with turnover increasing to £13.4million. This equates to 11,520 tonnes of fish, 91% of which is sold overseas.

The Foodex Japan expo

In 2021 the company is predicting turnover to increase once again to more than £15million, partly the result of a new supply agreement that was signed in the summer of 2020 with Fife-based Mowi Consumer Products º£½ÇÊÓÆµ, which is part of Mowi ASA, the world’s largest producer of Atlantic salmon.

Tony Horner, managing director of Ideal Foods, said: “Although Japan is an existing marketplace for us, the opportunity to exhibit at Foodex Japan will enable us to promote business and our products to a wider Japanese audience.

“We specialise in Atlantic salmon (Salmo Salar) but our catalogue of products covers a wide variety of fish and shellfish products including monk fish livers, cod bladders, dabs, sardines, mackerel, brown crab, spider crab, velvet crab and king crab.”

Sustainability is at the heart of Ideal Foods core values and the company said it strives to ensure that no parts of the fish go to waste.