View in browser | February 26, 2024

The GOED Current

GOED Member Promotions for Global Omega-3 Day Announced

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In honor of Global Omega-3 Day — coming up on March 3 — GOED has prepared several promotions for GOED members to help your teams get more exposure to the category, enhance your general industry expertise, and explore the science on omega-3s faster and more comprehensively than ever before. Click the links or follow the directions below to claim these discounts with our compliments.

 

Market Research

  • 2023 Ingredient Market Report – The definitive annual market report on EPA+DHA ingredients | $4000 $1500 | Buy here
  • Global Internet Search Trends on Omega-3s — A report detailing 20 years of global and regional consumer internet search trends on EPA+DHA. | $799 $399 | Buy here
  • 2024 Finished Product Report — Email Ashley Becnel if you would like to pre-order the 2025 report (to be published in May) at a discounted price of $1000 (regular price $1500). 

Market Exposure

  • SSW Digital Ad — Members have a unique opportunity to advertise on a digital tower at the SupplySide West show. The tower will sit in the main aisle across from the Omega-3 Resource Center. These are custom rotating ads developed by you and we are offering 25% off if you sign up this month. Contact Ashley Becnel for additional details.
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Clinical Study Database

  • Lastly we are offering 50% off a subscription to GOED’s Clinical Study Database, our one-of-a-kind searchable database of all human studies on EPA+DHA.
    • Annual subscription | $10,000 $5,000 | Subscribe here
    • Quarterly subscription | $3,000 $1,500 | Subscribe here

Promotions will run through the month of March so take advantage now.

 

Reminder: We would like to track the impact of Global Omega-3 Day again, and we don't want to miss your contribution. If you are posting on social media, please make sure to use the hashtags #GlobalOmega3Day and #AlwaysOmega3, and/or tag us @AlwaysOmega3s. This will allow us to reshare your post and feature it in our 2024 recap. We’d also like to hear about any product discounts, advertising or promotions you are planning. Additionally, you can email your activities to Vicky Lin, who will highlight your contributions in the Current.

MOAH Letter Submitted to European Commission

GOED has submitted a letter to the European Commission (EC) with comments regarding the proposed SANTE PLAN 2023/2345 Rev.1. and associated “Discussion paper as regards maximum levels for MOAH in food." The letter is in response to an EC request for comments following last month’s stakeholder meeting. GOED will keep members informed on any reply received by the EC, and about any new statements from the EC.

 

GOED last reported on mineral oil hydrocarbons in the GOED Current on February 19.

Omega-3 News (1)

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

Reminder: Tomorrow is GOED's Technology and Innovation Roundup Event

Join the free webinar hosted by GOED tomorrow from 10 am to 12:30 pm EST [click to see your time zone]. Learn more about our presenters here.

Register here

Production & Supply Chain

The Global Tuna Alliance has partnered with Meiho Co., a major Japanese fish processing company.

Read on » 

Regulatory & Certification

A class action lawsuit has been filed against GOED member Nature's Bounty alleging its fish oil supplements are falsely advertised as beneficial for cardiovascular health. 

Read on »

 

The US Food and Drug Administration has renamed its Dietary Supplement Ingredient Directory to "Information on Select Dietary Supplement Ingredients and Other Substances," and added classification categories based on stakeholder feedback. The list now includes 79 entries.

Read on »

Solutions Needed

GOED is offering connections for companies looking for omega-3 related solutions or partners. If you want to include an anonymous request, please contact Ashley Becnel.

 

A company is looking for 7,030kg of fish oil 33/22 EE. [Posted 2/19/2024]

Inquire » 

Marketing

GOED member OmegaQuant now offers Nutrition Talks On Demand - a series of paid 1-hour courses with detailed insights into omega-3s and their health benefits. Each course provides access to video presentations, summaries and CE certificates (when applicable).
Read on » 
 

Convenient store chain 7-Eleven in Singapore now offers local dietary supplement brand Ocean Health’s products including the company's Omega-3 Fish Oil gummies.

Read on » 

New Products

US premium pet food brand Nutrish launched three new wet dog food formulas focused on overall health and gentle digestion. One of the new recipes, Chunks in Gravy with Turkey, features omega-3 fatty acids, proteins and whole grains to promote cognitive activity and balanced energy.

Read on »

 

Pet food brand Ark Naturals introduced Lickable Dental Treats for cats. These wet tube treats support oral health with a toothpaste center and include omega-3 fatty acids for overall wellness.

Read on »

Sustainability

GOED member Epax has obtained the FSSC 22000 certification for food safety built on international food safety standards set by the Global Food Safety Initiative (GFSI).

Read on » 

Financial News

GOED member Aker BioMarine reported its Q4 2023 financial results, revealing a record 21% year-on-year revenue growth for the year. The company generated 3.5 billion NOK (US$403 million, €360 million) in 2023 and 880 million NOK (US$100 million, €89 million) in Q4, a 5% increase compared to the same quarter in 2022. 

Read on » 

 

GOED member FrieslandCampina saw a 7% decline in revenues to €13 billion (US$14 billion) in 2023 and an 84% decrease in operating profit to €75 million (US$81 million).

Read on » 

 

In Q4 2023, GOED member Thai Union reported its highest sales for the year with a 4.8% increase to THB 35.5 billion (US$1.08 billion, €939 million), driven by a strong rebound in Frozen and PetCare categories. In addition, Thai Union achieved significant recognition for its sustainable practices, being listed on the 2023 Dow Jones Sustainability Indices for the 10th consecutive year and securing the top rank on the Seafood Stewardship Index (SSI) for the third consecutive time. 

Read on » 

Who Would Have Thought?

Researchers from Australia’s Nuclear Science and Technology Organization developed a handheld device that identifies whether seafood is wild-caught or farmed by analyzing a chemical fingerprint influenced by factors like diet and climate.

Read on » 

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GOED Committees

GOED members are welcome to join these upcoming GOED committee calls.
  • Technical Committee, February 28, 15:00 UTC [Click for your time zone]
    January meeting minutes
  • Science Committee, February 29, 15:00 UTC [Click for your time zone]
    February meeting agenda
    Guest Speaker: Adam Metherel from the University of Toronto will share an update on his fatty acid research.
  • Regulatory Affairs Committee, March 12, 16:00 UTC [Click for your time zone]
  • Communications Committee, March 19, 16:00 UTC [Click for your time zone]
  • Sustainability Committee, March 20, 15:00 UTC [Click for your time zone]
Attend as a guest

Omega-3 Job Board

This section includes job openings of interest to the omega-3 industry. Please email Vicky Lin if you’d like to list a position here.
MBP Solutions is hiring for a Marketing and Communications Officer.
Learn more »
Nestlé is hiring a Senior Applied Nutritionist.
Learn more »
Nofima is hiring for many positions.
Learn more »
NOW Foods is hiring for many positions.
Learn more »
Nuseed is hiring a Regulatory and Nutritional Science Manager.
Learn more »
Pharmavite is hiring for many positions.
Apply here »
SGS Nutrasource is hiring a medical doctor.
Learn more »
Trident Seafoods is hiring for multiple positions.
Apply here »
The Wild Alaskan Company is hiring for several positions.
Apply here »
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