GOED Board Holds Annual Strategic Planning Meeting, Appoints Officers
GOED’s Board of Directors met earlier this month for its annual strategic planning meeting. In preparation for the meeting, GOED compiled historical membership data and prepared an update on the GOED 2025 strategic pillars. GOED staff and the board also reviewed the proposed 2024 budget and new officers were appointed for 2024. Highlights, including accompanying slides, are included below:
The board reviewed historical membership numbers from 2019 through 2023, which showed positive growth in GOED membership.
GOED highlighted the success of this year’s Global Omega-3 Day (March 3) and discussed ongoing work in international markets.
There was a discussion on how to improve GOED’s Communications Committee. A task force will be formed to discuss further. If you are interested in participating, please email Elana Natker.
Just a reminder to members that GOED has created an editorial calendar and toolkit for retailer promotions for 2024 (download here).
GOED provided an update on the ongoing Clinical Study Database (CSD) data extraction of omega-3 studies and shared how the database is being used internally and externally.
Board members discussed CSD subscriptions and complimentary member projects, neither of which are meeting expectations.
A decision was made to allow select academic institutions to access the database to increase visibility and promote more omega-3 science.
The board also approved commissioning a meta-analysis on omega-3s and bleeding.
GOED provided an update on progress on the Sustainability pillar.
The Board approved a materiality assessment in 2024 to better understand the risks and opportunities facing our industry.
New Initiatives – Diagnostics:
GOED, along with personalized nutrition consultancy Nlumn, which has been consulting on this pillar, shared progress on the work done in 2023, which includes consumer surveys about diagnostics in five countries and a white paper (yet to be published) on the state of omega-3 diagnostics testing.
At this time the board did not fund additional work on this pillar but Nlumn will present data at GOED Exchange 2024 to further engage with membership on how we might move this pillar forward.
GOED 2023 year-to-date financials were shared with the board and a preliminary budget for 2024 was proposed. The board will approve the budget on the December 2023 board call, after which we will share the budget with membership.
Officer appointments:
No officer election was held because the number of interested parties matched the number of officer spots available. The officers for 2024 are:
New Member Request Regarding Codex Proposal for New Work on Microbial Omega-3 Oil Standard
The agenda for the 28th Session of the Codex Committee on Fats and Oils (CCFO) has been announced and GOED is seeking member support for our Proposal for New Work on a Standard for Microbial Omega-3 Oils, which was submitted in June and will be discussed during the meeting.
Should CCFO accept GOED’s Proposal, it will be necessary for a Codex Member Country (CMC) to volunteer to chair an electronic working group to work on a draft standard. Therefore, it’s very important that GOED gain support from CMCs in advance of February’s meeting. For this reason, GOED requests that members who have an interest in this work contact their CMC delegates as soon as possible to share a copy of the Proposal for New Work and to express the importance for your business of working on this Standard. GOED would be happy to participate in a discussion with your CMC. While delegates are not always the same from meeting to meeting, the report from CCFO27 includes (starting on page 26) a list of meeting participants from the CMCs.
GOED’s Gerard Bannenberg and Harry Rice will participate in the meeting, which will be held from February 19-23, 2023 in Kuala Lumpur, Malaysia. If you have any questions, please email them.
Please note that GOED does not analyze or make any representation of accuracy for the Omega-3 News items. This is simply a compilation of news articles found on the internet that are relevant to the EPA and DHA business.
Highlights
New Members: South Korean company Chemport specializes in manufacturing highly concentrated EPA & DHA fish oils. The company has joined at the Base level and Sung Kim is the primary contact.
The Peruvian Ministry of Production (PRODUCE) set a fishing season quota of 1.682 million tons for anchovy in the North-Central region of the country, which started on October 26. GOED will provide additional details on the fishing season progress in next week’s GOED Current. Read more »
Just Added to GOED Exchange 2024: Lunch and Learn Session
During one of the lunches at the upcoming GOED Exchange event, we will have sponsored "lunch and learn” sessions, where lunch tables will be organized by topic, providing attendees the opportunity to participate in a discussion on the topic of their choice. Do you have a topic in mind or wish to be a sponsor? Contact Ellen Schutt for more information.
Charity Seeking Omega-3 Oils for Malnourished Children
Mark Manary, MD, board certified pediatrician and CEO/Founder of Project Peanut Butter, is seeking DHA-rich oils to include in ready-to-use therapeutic foods (RUTF), which will be provided to malnourished children.
He is specifically looking to purchase a DHA-rich oil (TG or EE) or krill oil packed in 10-25 kg containers to include in ready-to-use therapeutic food (RUTF) for children in Ghana. He initially wants 1 mT with an annual projected need of 2.2 mT. If you are able to supply product, please contact Dr. Manary directly.
Additional background on the importance of omega-3s in RUTFs and GOED’s participation in the Codex work to establish a guideline for RUTFs can be found in the article “Codex Committee Concludes Discussion on Ready-to-Use Therapeutic Foods” in the November 29, 2021 GOED Current.
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Production & Supply Chain
Food giant Nestlé is closing its Irish baby formula factory due to a significant decrease in demand for infant nutrition products in China.
GOED member Orivo recently launched the verification of “sn-2 positioned” DHA in algal oils. Sn-2 DHA is a variety of fatty acids that mirrors the glycerol backbone of the DHA found in human breast milk.
The patent infringement lawsuit filed in 2020 by GOED member Solutex against Designs for Health and GOED member KD Pharma regarding Specialized Pro-Resolving Mediators (SPMs) has been settled, with Solutex granting KD Pharma a non-exclusive royalty-bearing license to the patents.
Marine ingredient certification standard provider MarinTrust has introduced Version 3 of its marine ingredient certification scheme. The new standards prioritize (1) traceability for marine ingredients, (2) environmental and social considerations at the factory and vessel levels, and (3) the responsible use of byproducts in marine ingredient production. The new scheme goes into effect on May 1, 2024.
GOED is offering connections for companies looking for omega-3 related solutions or partners. If you are interested in including an anonymous request, please contact Ashley Becnel.
Canadian researchers from McMaster University and the University of Guelph have identified urinary biomarkers to monitor omega-3 index levels. The team is currently seeking licensing or collaboration partners to further develop the technology. Please see the publication and technical brief for more information. [Posted 10/23/2023]
GOED member dsm-firmenich is set to launch a new algal omega-3 ingredient, life’sOMEGA 03020, which delivers EPA and DHA in the same ratio as traditional fish oil. The new ingredient will first launch in North America and is expected to achieve regulatory clearance in the US by January 2024.
GOED member Lyxia has introduced the AlgaLab Clara EPA product series, featuring concentrated EPA rTG oils from algae. This line also includes oil blends of DHA and ALA, as well as EPA polar lipids. Lyxia is also launching microencapsulated oil powders based on AlgaLab Clara oils, enabling the incorporation of algal EPA and other plant-based omega-3s into protein bars and powders.
Nestlé has introduced its first carbon-reduced pet food line, Purina One DualNature, featuring two dry options for cats. The Uri-Balance formula promotes a healthy urinary tract and includes ingredients like chicken, fish oil and dried cranberry juice.
US company Hyland’s Naturals has unveiled a new product line, Hyland’s Women’s Health, featuring the Easy Morning Prenatal Multi + Digestion & Morning Sickness. This prenatal vitamin offers 50 mg of DHA per serving.
The Chinese cross-border e-commerce (CBEC) health supplement data pack for September 2023 published by TMO Group and GOED partner HPA China included the following highlights:
GOED member Blackmores brought in 42.2 million RMB (US$5.8 million, €5.5 million) in sales revenues, ranking third among the top ten health supplement brands.
Aucrioste's DHA algae oil product was the top best-selling product by monthly revenue and Golden Caesar Fish Oil was ranked 13th on the list.
The China Chamber of Commerce for Import & Export of Medicine & Health Products and global wellness giant By-Health released the 2023 Dietary Nutritional Supplement Industry Report. The report revealed that the 2022 import and export value of the Chinese dietary supplement industry was 65.57 billion RMB (US$9.13 billion, €8.64 billion).
The Norwegian Seafood Council (NSC) is leveraging digital marketing and influencers to boost awareness and sales of Norwegian mackerel in South Korea. NSC's interactive digital campaigns have reached close to 30 million views in the country, which has resulted in approximately 25% of mackerel sales occurring online.
GOED member Fermentalg won the Best Responsible and Sustainable Small and Medium Enterprise award in the southwest region of France for the second consecutive year.
The Association of Genuine Alaska Pollock Producers launched the "Pollock People" campaign, aiming to improve awareness among buyers and consumers about the origin of wild Alaska pollock and promote transparency within the fishery.
A recent Sustainable Fisheries Partnership report on global reduction fisheries revealed that several major South American fisheries, including the Southern Peruvian anchoveta, Los Lagos Chile Anchoveta and Central-South Chile Araucanian herring fisheries, are experiencing stagnation or decline. These fisheries were rated as "poorly managed" and categorized as the least sustainable in the report.
Research funded by the University of Otago, New Zealand, and published in Science of the Total Environment, examined the effects of biodegradable plastics on wild fish and found that they negatively impacted the fish's escape ability, swimming patterns and metabolism.
The Tokyo Electric Power Company (TEPCO), the operator of the Fukushima Daiichi nuclear power plant, has started accepting compensation applications from affected fishermen and businesses for reputation damage caused by the wastewater release into the ocean in late August.
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