Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Unit to capture bioactive health opportunities

Fonterra business unit to capture bioactive health opportunities

Fonterra this morning opened its Health and Nutrition specialty ingredients unit in Auckland. The unit aims to become a leader in the development and commercialisation of bioactive ingredients for health and wellness.

It incorporates existing products from the three legacy companies and expects to double its earnings to US$40 million in three years.

Fonterra Chief Executive Craig Norgate says the Health and Nutrition unit will allow for tighter focus on bioactive ingredients research and ensures the company will become a leading speciality milk components innovator and solutions provider, one of the key themes from The Fonterra Strategy.

"Milk is a total health food product. Apart from the obvious benefits like providing daily calcium requirements, milk also contains bioactive components that can improve overall health, fight specific diseases and contribute to resolving health issues like arthritis," says Mr Norgate.

"The opportunities are virtually endless and we now have a strategy and discovery unit in place to identify, capture and maximise these opportunities. This will ultimately play a key role in increasing returns to shareholders and ensuring that we stay ahead of the competition.

"At the same time, we can improve the quality of life for consumers worldwide by unlocking the benefits of milk-derived bioactives," he says.

Key areas of focus include ingredients products aimed at showing benefits for the immune system, modified milks, bone health, dermatology, gastrointestinal, therapeutics, sports and animal health.

Mr Norgate says the bioactives market has huge potential.

"In the United States alone, we expect to see growth double to a value of more than US$60 billion in the next four years. By focussing on specialised research and development now, we will be well placed to capture a good share of this growth."

A number of projects are already underway, including the development of gastrointestinal anti-infective products that will aid in the prevention of stomach complaints. The products have already been developed and will head into clinical trials shortly.

The unit is headed by Patrick Geals, who has joined Fonterra from international pharmaceutical companies Novartis and Glaxo Smith Kline. The team also includes experts from within the health, nutrition, pharmaceutical and dairy industries.

Key markets for the specialty ingredients products include the United States, Japan, Korea, China,Taiwan and Malaysia. The market is also emerging in South America, Australia, the Middle East and New Zealand.

© Scoop Media

Business Headlines | Sci-Tech Headlines


I Sing The Highway Electric: Charge Net NZ To Connect New Zealand

BMW is turning Middle Earth electric after today announcing a substantial contribution to the charging network Charge Net NZ. This landmark partnership will enable Kiwis to drive their electric vehicles (EVs) right across New Zealand through the installation of a fast charging highway stretching from Kaitaia to Invercargill. More>>


Watch This Space: Mahia Rocket Lab Launch Site Officially Opened

Economic Development Minster Steven Joyce today opened New Zealand’s first orbital launch site, Rocket Lab Launch Complex 1, on the Mahia Peninsula on the North Island’s east coast. More>>


Marketing Rocks!
Ig Nobel Award Winners Assess The Personality Of Rocks

A Massey University marketing lecturer has received the 2016 Ig Nobel Prize for economics for a research project that asked university students to describe the “brand personalities” of three rocks. More>>


Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>


Half A Billion Accounts, Including Xtra: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>


Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news