As we wrap up another successful year, we want to thank all GOED members for your support in helping us grow the omega-3 category. This holiday season, we wish you and your loved ones warmth, joy and plenty of reasons to smile.
As we wrap up another successful year, we want to thank all GOED members for your support in helping us protect and grow the omega-3 category. This holiday season, we wish you and your loved ones warmth, joy and plenty of reasons to smile. From all of us at GOED, happy holidays and best wishes for a prosperous 2025!
GOED Holiday Schedule
GOED’s offices are closed for the holiday break from December 23 until January 6. There will be no newsletter on December 30 or January 6.
GOED Q4 Quarterly Recap
Here’s a look at all the work GOED has done on your behalf during the fourth quarter of 2024.
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
GOED Submits Responses to AHRQ Requests
GOED has submitted responses to three AHRQ requests (detailed in the November 8, 18 and 19 GOED Breaking News). GOED is hopeful that the responses will help ensure the execution of comprehensive and well balanced systematic reviews to be used during the upcoming macronutrient DRI reviews.
The second fishing season for the Peruvian anchovy fishery is seven weeks into the season and results have been mixed. Fishing companies are operating with a quota of 2.5 million metric tons, which is the third largest quota for the second fishing season in the last decade, and as of December 18 had caught almost 70% of this. However, GOED members in the region report a mix in terms of fat content and oil yields, and the EPA and DHA profile is lower than in the first season, with averages in the 26% or 27% range. While a respectable amount of fish oil should be available from this season, there are questions about how much will be suitable for use in the human nutrition industry.
Breaking News from Last Week
The European Member States Expert Group discussed upcoming mineral oil hydrocarbon (MOH) regulations.
Norway and the Faroe Islands have signed their first sharing agreement on Norwegian spring-spawning herring in over a decade. Under the deal, Norway receives 64.2% of the quota, the Faroe Islands 10% and 25.8% remains unallocated for Iceland, Russia and the EU. Both nations have reduced their quotas by a combined 22.8% compared to last year.
Russia caught 4.66 million metric tons (MT) of seafood in 2024, a 7% decrease year-over-year, largely due to a sharp decline in salmon catches. Pollock remains the largest share of the catch, with 1.87 million MT, up 18,900 MT from 2023.
GOED member Marine Stewardship Council (MSC) and MarinTrust recently signed a memorandum of understanding (MoU) to streamline the certification processes between both organizations.
The Italian health authorities have approved Amarin's Vazkepa (icosapent ethyl) for national reimbursement to reduce cardiovascular risk in eligible high-risk patients.
TriNutra's OmegaQuin has been approved by Health Canada for cognition support, gut wellness and metabolic health. The supplement combines cold-pressed black seed oil extract with fish oil.
The US Food and Drug Administration (FDA) has issued a final rule to update the “healthy” nutrient content claim to help consumers identify foods (e.g. seafood) that are particularly useful as the foundation of a diet that is consistent with dietary recommendations. Like the Dietary Guidelines for Americans, the focus of “healthy” is on foods (e.g. seafood) that contribute to a healthy dietary pattern and not on the identification of foods with specific individual nutrient (e.g. EPA/DHA) amounts.
GOED is offering connections for companies looking for omega-3 related solutions or partners. If you want to include an anonymous request, please contactAshley Becnel.
(New) An Iranian trading company is looking for 18/12 fish oil. [Posted 12/23/2024]
GOED member OmegaQuant will host a webinar on January 14, 2025, focusing on specialized pro-resolving mediators (SPMs) and their roles in managing inflammation and promoting overall health.
Note: GOED will not attend all listed industry events.
To suggest industry events for fellow GOED members, email Vicky Lin.
Member-Sponsored Research
A new pilot study in the British Journal of Nutrition investigated the acute mood effects of a DHA-rich tuna oil powder, supplied by GOED member Nu-Mega Ingredients, versus a placebo in middle-aged Australian men.
US supplement company Coromega launched Coromega Max Gold, a high-concentrate omega-3 fish oil supplement offering 1,560 mg of EPA and 1,060 mg of DHA per daily dose.
UK digital marketing agency WPIC highlighted China as the largest and one of the fastest-growing pet care and pet food markets. With 220 million pets and a market value of $29 billion in 2024, China accounts for 45% of the regional market.
The global canned fish and seafood market, valued at US$50.2 billion (€47.69 billion) in 2023, is projected to reach US$61.4 billion (€58.33 billion) by 2030, driven by rising demand for convenient, nutritious foods and sustainable products.
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