Health trends in the food industry The trend towards healthy food continues to dominate developments in the food processing industry. The physical characteristics of liquid oils and the composition of certain soft oils like rapeseed oil, which is both high in omega-3 and has the lowest saturated fatty acid content of any oil, are excellent for creating healthier oil solutions with great functionalities. The increased demand for customized solutions in all segments results in further demand for AAK’s know-how within the field of new vegetable oil solutions. The demand for creating a better balance between saturated and unsaturated fats continues to drive the development of products with more added value. Consumers demand high and consistent quality products and healthier food products. Together with our customers we drive the development of healthier alternatives for the consumer market. Our ability to select the right components from a vast range of vegetable oils and fats means that we are able to create efficient solutions that satisfy most new demands through customer co-development. Infant Nutrition Infant Nutrition continues to show strong growth within our Food Ingredients area. High demand for customized blends of speciality oils and fats for premature and first-stage formulas has again enabled us to extend our share of this growing market segment dramatically. Sales of both Akonino®, base and special blends, and InFat®, a structured lipid component for infant formulas which is sold through Advanced Lipids AB, a joint venture of AAK and Enzymotec, have increased in importance. New demands out of the medical food sector as well as the request for specialized ingredients for food for elderly people, have broadened our market coverage. We are well on our way to become a dominant player for these specialized products in these sectors as well. Our proven track record of being a trustworthy, reliable supplier and partner in the field of infant nutrition, has enabled us to grow further in a strong and competitive way in the entire segment. A competitive market We operate in a fiercely competitive market alongside several major competitors, some of which are more active in bulk commodity oil supply, while others also operate in the speciality segments. In segments that require specialized capabilities and knowledge, however, we benefit greatly from our cutting-edge position within product development and technical know-how. This is particularly true regarding dairy fat alternatives, oils and fats for the bakery industry, in the area of foodservice and for high-quality, speciality oils and fats for infant nutrition. Our AAKtion program is further strengthening our focus on customer innovation, sales leadership and new market development activities. Customized solutions We offer customized solutions in nearly all categories. Working in co-development with our customers has led us to go beyond the traditional and the speciality supply of oils and fats, creating additional added value in the production processes in which oils and fats play a major role. New products The extension of our product portfolios for the bakery, dairy and foodservice industries, and in the field of infant nutrition, has strengthened our unmatched performance in all of these segments. By providing solutions with specific healthy oils and fats blends, and not compromising on the physical characteristics, we have gained an excellent platform for improving the health profile of nearly all customer products. New additions, such as non-trans and better balanced oils and fats on their saturated and non-saturated levels, have supported our business and customers significantly. These are all clear examples of how new product development and innovation in close collaboration with customers can create clear value-adding solutions.
AAK Annual Report 2015
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