Breaking News on Supplements, Health & Nutrition - Europe US edition | APAC edition

News > Suppliers

Read more breaking news



Asian krill boom drives krill joint venture

By Shane Starling , 23-Oct-2012

Asian krill boom drives krill joint venture

Australian, Japanese, South Korean, Taiwanese and other Asian consumers are driving rising demand in omega-3 source krill to levels that have prompted Norwegian krill supplier, Rimfrost, to ink a production-boosting joint venture.

Rimfrost owner Olympic Seafoods has formed a new venture called Rimfrost USA LLC with New Jersey-based botanical extracts supplier, Avoca, that will give it a production potential of 600 tonnes per year, a level equivalent to current worldwide production.

Even T Remøy, sales and marketing director at Rimfrost, told NutraIngredients the production capacity boost was primarily being driven by growth in Asia.

“These markets are opening up all the time – the more established ones like Australia and Japan, and newer markets like Korea and Taiwan. Companies are able to supply these markets now.”

Rimfrost previously had a capacity of 300 tonnes per year, before its new option at Avoca’s GMP facility.

Remøy said the move would not alter pricing for its krill offerings which sat between €120 and €150 per kilogram, depending on volumes.

Avoca had been chosen because of its 50-year history in botanical extraction and processing, along with the fact the firm already had some experience in krill processing with other players.

Consumer interest in krill is primarily being driven by its high omega-3 and phospholipid nutritional profile that has been backed by agencies like the US Food and Drug Administration (FDA) and European Food Safety Authority (EFSA) to benefit heart and brain health.

Rimfrost launched in May to join a krill sector populated by players like Canadian firm, Neptune, Norwegians Aker, Biomarine, and Israeli company, Enzymotec.

Neptune signed its own deal with a Chinese company Shanghai KaiChuang Deep Sea Fisheries Co earlier in the year that meant its output of 150 tonnes per year could rise to around 500 tonnes by 2014.

The Antarctic krill fishery is maintained by CCAMLR (Commission for the Conservation of Antarctic Marine Living Resources) and the British Antarctic Survey (BAS) has backed its sustainability.

In 2010, about 210,000 tonnes of krill were caught – 34% of a trigger limit of 620,000t – a level established to minimise environmental risk, although BAS has called for ongoing spatial, population, environmental and harvesting research.

US healthy foods retailer, Whole Foods, cited sustainability concerns when it withdraw krill products from its shelves in 2010, although it has subsequently acknowledged that the fishery has won certifications, and says it is reviewing sustainability across all marine ingredients.

Related products

Live Supplier Webinars

Polyphenols tipped to become the way to innovate in Sports Nutrition
Alpha & Omega in Sports Nutrition – Using Omega 3’s and A-GPC to improve performance and recovery.
KD Pharma
Orally bioavailable standardized botanical derivatives in sport nutrition: special focus on recovery in post-intense physical activities
Collagen in motion: move freely and keep your injuries in check
Leading manufacturer of gelatine and collagen peptides
Life’s too short for slow proteins. Whey proteins hydrolysates: Fast delivery for enhanced performance
Arla Foods Ingredients
What it Takes to Compete and Win in Today’s Sports Nutrition Market
Sports Nutrition Snapshot: Key regional drivers and delivery format innovations
William Reed Business Media
Gutsy performance: How can microbiome modulation help athletes and weekend warriors
William Reed Business Media
Pushing the boundaries: Where’s the line between ‘cutting edge nutrition’ and doping
William Reed Business Media

On demand Supplier Webinars

High-amylose maize starch may reduce the risk of type 2 diabetes: what does this qualified health claim mean?
Balancing Innovation and Risk in Sports Nutrition Ingredients
Explaining bio-hacking: is there a marketing opportunity for food companies?
William Reed Business Media
Personalized Nutrition – how an industry can take part in shaping the future of Nutrition
BASF Nutrition & Health
Find out Nutritional and ingredient lifecycle solutions and strategies!
Is the time rIpe for I-nutrition?
William Reed Business Media
The Advantage of Outsourcing Fermentation-based Manufacturing Processes
Evonik Health Care
All supplier webinars