Surapon Foods
Surapon Foods (SET: SSF) is one of Thailand's three largest shrimp, value-added seafood processors, founded 1983 and headquartered in Samut Sakhon (the centre of Thai seafood processing). Primary products: frozen shrimp (black tiger, white shrimp), ready-to-eat shrimp, seafood, value-added, branded retail frozen products for export to US, EU, Japan, China. Supply chain spans Thai shrimp-farm network, aquaculture input supply, HACCP, BRC, IFS, MSC certifications. Customer mix: supermarket private-label, branded retail, food-service, industrial, food-processing companies. Smaller scale than Thai Union or CP Foods but specialised, long-standing shrimp expertise.
Snapshot
Headline numbers a buyer checks first.
FY2024 revenue
~THB 7-8B
FY2024
Ticker
SET: SSF
Listed
Focus
Frozen shrimp, value-added
Current
Base
Samut Sakhon
Seafood processing hub
What this company actually does
Surapon Foods processes, exports frozen shrimp, ready-to-eat, value-added seafood products. Core business: black-tiger, white-shrimp raw, cooked, value-added (breaded, IQF, ready-meal) for export. Customer mix: private-label retailers (Walmart, Tesco, Carrefour class), branded retail (own brand, partner), food-service (restaurant chains), food-processors. Certifications: HACCP, BRC, IFS, MSC, ACC, BAP for international quality, sustainability standards. Supply-chain: Thai shrimp-farm network, aquaculture, feed input, processing, freezing, cold chain.[]
Competitive positioning: Surapon is smaller than Thai Union (tuna, global), CP Foods (integrated shrimp, pork, feed) but more specialised on shrimp, Samut Sakhon processing cluster depth. Post-2015 EU IUU, US anti-dumping, shrimp-price cycles all stress Thai shrimp processors equally; Surapon's response has been value-added, branded premium, sustainability-certified products vs commodity-export. Family, founder-aligned ownership, long-term horizon.[, ]
Products, markets, and certifications
Black tiger shrimp (Penaeus monodon)
Premium export species for EU, Japanese high-value markets. Higher-margin but lower-volume than white shrimp. Surapon historically strong in black-tiger processing.
White shrimp (Vannamei)
Volume species for US, EU retail private-label. Commodity pricing; value-add through breading, IQF, cook-peel-devein formats.
Value-added seafood
Ready-to-eat, breaded, IQF, ready-meal formats under Surapon own brands and customer private-label. Premium to raw-commodity pricing.
Export markets
US (~30%), EU (~35%), Japan (~20%), China and others (~15%). Diversified to reduce single-market regulatory or tariff risk.
Quality certifications
HACCP, BRC (British Retail Consortium), IFS, MSC (Marine Stewardship Council), ACC, BAP (Best Aquaculture Practices). Prerequisite for major EU, US supermarket private-label contracts.
Supply-chain anchoring
Samut Sakhon processing cluster (Thailand's seafood capital) provides access to labour, logistics, cold chain, packaging and shrimp-farm network linkages.
Thailand listed seafood processors — scale comparison
Revenue, focus, and export market orientation for listed Thai seafood processing companies.
Ticker
SET:TU
FY2024 revenue
~ $4.06B
Primary focus
Tuna, seafood global
Scale position
World's #1 tuna processor
Ticker
SET:CPF
FY2024 revenue
~ $16.8B
Primary focus
Shrimp, aquaculture, integrated
Scale position
World's largest shrimp producer
Ticker
SET:SSF
FY2024 revenue
~ $0.203-8B
Primary focus
Shrimp, value-added seafood
Scale position
Top-3 Thai shrimp processor
Ticker
SET:ASIAN
FY2024 revenue
~ $144.9M
Primary focus
Canned seafood, pet food
Scale position
Niche specialty exporter
| Company | Ticker | FY2024 revenue | Primary focus | Scale position |
|---|---|---|---|---|
| Thai Union Group | SET:TU | ~ $4.06B | Tuna, seafood global | World's #1 tuna processor |
| Charoen Pokphand Foods | SET:CPF | ~ $16.8B | Shrimp, aquaculture, integrated | World's largest shrimp producer |
| Surapon Foods | SET:SSF | ~ $0.203-8B | Shrimp, value-added seafood | Top-3 Thai shrimp processor |
| Asian Sea Corporation | SET:ASIAN | ~ $144.9M | Canned seafood, pet food | Niche specialty exporter |
Watchpoints
Shrimp-price cycle, farm-gate costs
Global shrimp demand, Thai farm-gate prices drive revenue, margin.
EU, US trade-policy risk
IUU-yellow-card residual, anti-dumping cycles, tariff changes.
Value-added vs commodity mix
Branded, ready-to-eat premium offsets commodity-export commoditisation.
Sustainability-certification demand
MSC, BAP, ACC certification premium drives international contracts.
Related Market profiles
Peers, parents, partners, agencies, and other Seafood Processing & Export actors.
Competitor
Thai Union Group
Larger seafood peer; tuna-dominant global platform.
Open Market profile →
Competitor
Charoen Pokphand Foods
Integrated shrimp, feed, farm operator.
Open Market profile →
Competitor
Asian Sea Corporation
Fellow listed Thai seafood, pet food processor.
Open Market profile →
Sector peer
National Fisheries Association of Thailand
Industry association representing Thai fisheries and seafood interests.
Open Market profile →
Sources + data provenance
Every filing, filing-adjacent register, or trusted industry source cited in this profile.
Surapon Foods PCL (SET: SSF) 2024 Factsheet, Annual Report
European Commission DG MARE — Thailand IUU fishing status decisions (IP-19-61 press release)
Publisher
European Commission — DG Maritime Affairs and Fisheries
Grade
Supporting
As of
2019-01-08
| Source | Publisher | Grade | As of |
|---|---|---|---|
| Surapon Foods PCL (SET: SSF) 2024 Factsheet, Annual Report | Surapon Foods PCL | Primary | 2026-03-25 |
| European Commission DG MARE — Thailand IUU fishing status decisions (IP-19-61 press release) | European Commission — DG Maritime Affairs and Fisheries | Supporting | 2019-01-08 |
Reports featuring this profile
Thai Shrimp Aquaculture: CPF, Thai Union, and the Vannamei Export Engine
Tier-2 Thai shrimp processor; family-owned.
Open report →
Sits alongside 4 other Atlas profilesThai Frozen Food: CPF, Thai Union, and the Frozen Shrimp, Frozen Meal, Frozen Vegetables Export
Tier-2 private Thai frozen-shrimp.
Open report →
Sits alongside 4 other Atlas profilesThai Surimi: The Alaska-Pollock-Input Niche
Listed Thai seafood processor (SET: SFP); surimi and canned seafood mix; Japan and ASEAN export orientation.
Open report →
Sits alongside 2 other Atlas profilesThailand Seafood Processing & Export Market Intelligence
Listed Thai frozen-shrimp, value-added seafood exporter; top-three processor; Samut Sakhon-anchored.
Open report →
Sits alongside 3 other Atlas profilesThailand Fruit & Vegetable Processing Market Intelligence
Surapon Foods frozen, processed fruit, vegetable operations.
Open report →
Sits alongside 3 other Atlas profilesThailand CLMV Migrant Workforce Deep Dive
Surapon shrimp, seafood processor CLMV migrant workforce.
Open report →
Sits alongside 7 other Atlas profilesThailand Chicken Export to Japan & EU Deep Dive
Shrimp, seafood processor with Japan-certified export capacity adjacent to chicken.
Open report →
Sits alongside 2 other Atlas profilesThailand Shrimp Export EU & US Deep Dive
Top-3 Thai shrimp processor, value-added cooked specialty.
Open report →
Sits alongside 2 other Atlas profilesThailand Tuna Can, Frozen Seafood Export Deep Dive
Surapon shrimp, frozen seafood adjacency.
Open report →
Sits alongside 2 other Atlas profilesThailand Pet Food Export to Japan, EU, US Deep Dive
Surapon shrimp, seafood adjacency for fish-based pet food.
Open report →
Sits alongside 2 other Atlas profilesThailand Halal Food Processing & Certification Deep Dive
Surapon halal-certified shrimp, seafood processor.
Open report →
Sits alongside 2 other Atlas profilesRelated Market profiles
competitor
Thai Union Group
The branded-seafood anchor with a pet care growth pillar — Petkind, ~74% i-Tail.
competitor
Charoen Pokphand Foods
CP Group's agri-food flagship; FY2024 revenue ~THB 580-600B; pork, chicken, aquaculture, processed foods, pet food across 18 countries.
competitor
Asian Sea Corporation
The fastest-growing listed pet food segment on the SET — +37% YoY, now ~50% of group revenue.