APAC Business Awards 2021

APAC / Business Awards 2021 25 , Oct21660 Aker BioMarine is a biotech innovator responsible for building a global and sustainable industry for harvesting krill. Dedicated to improving human and planetary health, Aker BioMarine develops krill-based ingredients for nutraceutical (Superba®, NKO® and K·REAL®), aquaculture (QRILL™ Aqua), and animal feed applications (QRILL™ Pet). The company also recently launched INVI™, a highly concentrated protein isolate, and the pharmaceutical application, LYSOVETA™, a targeted transporter of EPA and DHA from krill. Aker BioMarine, a 15-year-old company, is part of the Aker Group, established in 1841. For more than 180 years, Aker has explored and innovated. The company has always been dedicated to nature’s resources and along the way, it has pioneered industries with new ideas, methods and products. Aker built the first steamship in Norway, and the first hydropower turbine that gave Norway electricity. The company has become the leader in creating a sustainable future for the energy industry on land and below water, developing technical and digital solutions for every challenge. Having been successfully present in the Indian Aquaculture segment since 2017, Aker BioMarine has seen very good growth in demand for Qrill in shrimp Aquaculture in India. Currently, it caters to more than10 large and medium size customers on a regular basis, and these customers typically include a small percentage of krill to produce grower diets for enhancing shrimp growth and some of them also include krill in functional feed for better stress tolerance. Indian Aqua feed millers are happy to reduce dependence on the fish meal due to sustainability concerns as well as issues related to the inconsistent quality, supply and price. With krill meal, that is not the case as it a highly sustainable and traceable material with consistent quality and stable supplies and pricing. Since day one, the team at Aker BioMarine believed in a world where everyone would have access to quality nutrition and good health without compromising the future of the planet. “We are 100% vertically integrated and our fully transparent value chain starts with sustainable krill harvesting in pristine Antarctic waters,” explains Director and General Manager, Atul Barmann. “Our logistics hub team in Montevideo and our sales teams in India – and all over the globe – help ensure our ingredients make their way to customers around the world. We are explorers and pioneers, creators and builders, scientists and philanthropists, fishermen and sustainability enthusiasts.” For its customers, Aker BioMarine has sought to be more than just a supplier. Instead, it has positioned itself as a partner, who brings valuable insights, introduces new market opportunities, and guides its customers for growth and product expansion. By working in sync to co-create unique value, it is pushing the industry forward. “We find success by developing individual team members and building winning teams,” Atul continues. “Within those teams, we make a major effort to designate clear areas of responsibility, empowering everyone down the line to ignite their entrepreneurial spirit and carve out their own paths to success. We also find value in leveraging the infrastructure we created in India to generate higher krill awareness in the market. It is imperative for us to utilise our global science and knowledge around krill to help find local solutions to our customers.” For the last couple of years in the APAC region, Aker BioMarine has witnessed solid growth in the demand of its krill products. Atul believes this growth is driven by loyal customers and increased demand from India, as well as the firm’s strong focus on quality, sustainability and research, all of which have helped drive the demand. With the growing concern of global supply chain issues, vertical integration is an important part of the conversation. As a fully vertically integrated krill supplier, Aker BioMarine has full control of its supply chain, with complete oversight of its operations from catch to delivery. This has given the company a competitive edge during these challenging times. Recently, Aker BioMarine was rewarded for its dedication and hard work by being bestowed with the prestigious accolade of Best Global Krill Products Supplier 2021 in the APAC Business Awards and Atul tells us a little about what the future has in store. Atul concludes, “We are committed to innovation, which has been with the company from day one. It also drives our future for tomorrow. We are more than a supplier to our customers. We challenge the status quo and think outside of the box. We take pride in not only understanding our customer’s needs but working with them to find success. Customer centricity is at our core and our goal is to help our customers in India stand out in the marketplace by sharing our global product expertise and market insights.” Contact: Atul Barmann Company: Aker BioMarine Web Address: www.akerbiomarine.com Best Global Krill Products Supplier 2021