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Marine Ingredients Overview Intrafish Investment Forum, London 2013

Marine Ingredients Overview Intrafish Investment Forum, London 2013. Andrew Mallison IFFO, The Marine Ingredients Organisation. What do we do?. http://ami-ingredients.com/product-applications. atlantic and pacific herring 1 0%.

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Marine Ingredients Overview Intrafish Investment Forum, London 2013

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  1. Marine Ingredients Overview • Intrafish Investment Forum, London 2013 Andrew Mallison IFFO, The Marine Ingredients Organisation

  2. What do we do?

  3. http://ami-ingredients.com/product-applications

  4. atlantic and pacific herring 10% • jack and horse mackerel 20% • sprat 40% • capelin 50% • sardinella 15% • pilchard (sardine) 25% • Prime food fish reduced to meal & oil • blue whiting 30%

  5. Increasing share of fishmeal obtained from fish by-products From whole fish From fish residues

  6. + 16%

  7. + 12%

  8. Percentage of fish oil usage per market Aquaculture Direct Human Consumption Other uses

  9. World fishery production (million mt)

  10. Inclusion of fish meal in diet for salmonids( %)

  11. Fish meal usage (000 mt)

  12. Omega-3 demand forecast Crude Anchoveta Fish Oil Production and Omega-3 Market Demand (in 000s of metric tons) Typical Sustainable Cap Crude fish oil production Omega-3 market demand Source: International Fishmeal and Fish Oil Organisation, GOED Analysis

  13. Dietary supplements are still demanding the bulk of anchovy oils Omega-3 Demand Outlets by Crude Anchoveta Fish Oil (in metric tons) Pharmaceutical 41,780 Functional Food 16,420 Dietary Supplements 122,980 Pet Food 26,490 Clinical Nutrition 3,090 Source: Frost & Sullivan, GOED Analysis

  14. Feeding a growing population.

  15. Ensure no IUU and no IUCN Red List or diseased farmed fish Ensure no IUU and complete control of intake species and volumes IFFO RS Standard Ensure full traceability of pure and safe products produced under QMS Ensure managed according to the FAO Code of Conduct for Responsible Fisheries

  16. Set by multi-stakeholder group

  17. IFFO RS Key Components • Responsible Sourcing • Food Safety

  18. IFFO RS – Update NOV 2013 • Now over 100 certified factories • Over 40% of global fishmeal production • 17 whole fish stocks • 63 species approved as by-products • 12 Chain of Custody certificates • Improver Program

  19. Market forces drive raw material allocation between direct human consumption and reduction to meal and oil • Aquaculture takes and will continue to take the lion’s share in the usage of marine ingredients. • Overall, fisheries related to reduction are being well managed with stable production for the future, increasing contribution from by-products • Reduction in the diet inclusion rates of fishmeal/oil. Market choices in non-marine inclusions. • Growth of direct human consumption of fish oil • Summary

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