IFFO October webinar 2021 held from 19 to 21 October where the industry experts discussed about the market trends, nutrition, fish health and growth, sustainability and climate change in relation to the global marine ingredients sector
The webinar opened on blue foods, highlighting the potential from oceans and building on the conclusions of recent research papers such as the Blue Food Assessment papers and the Blue Papers commissioned by the high-level panel for a Sustainable Ocean Economy: better management and technological innovation can enable a sixfold increase in the supply of food from the ocean compared to current levels.
“Where do marine Ingredients stand? Our message is clear: blue foods should be considered as a key part of the global food system. And with marine ingredients supporting the production of blue foods, it is obvious that marine ingredients should follow the same path. It is just impressive to think that with 1kg of marine raw materials, 5 kg of farmed fish are produced”, stated Petter Johannessen, director general of IFFO.
With three sessions dedicated to market trends, the webinar underlined the resilience of the Peruvian fishmeal and fish oil industry and the performance of the Chilean salmon market as well as the shrimp sector in the US, Ecuador and Vietnam. Further growth of the shrimp, pig and pet food feed consumption of fishmeal is expected while the annual feed production growth is expected by China Feed Industry Association to exceed the good level in recent years.
Distributional changes in the biomass will make negotiations between states and regional frameworks even more instrumental. Adaptation should also be addressed through a value chain approach: adaptation becomes possible only if it is followed throughout the value chain.
Challenges such as IUU, potential of new raw materials or life cycle assessments, must be addressed through a collective lens. This is the aim of the newly launched Global Roundtable on Marine Ingredients, which IFFO and Sustainable Fisheries Partnership announced at the start of the webinar through a keynote speech by its independent chair, Arni Mathiesen.
