AAK Annual Report 2019

30 30 Feed Our Feed business in 2019 continued where the record- high 2018 ended, but declined somewhat towards the second half of the year. However, the underlying demand for our products continues to be strong. Our rapeseed crushing business had a stable year, performing particularly well towards the end of year. Solutions AAK supplies ExPro ® , a rapeseed meal, which is exposed to a special heat treatment process to improve the protein quality for ruminants. ExPro ® is a perfect soybean meal replacer. We also supply by-pass fats, which are used in dairy cattle feeds to increase milk yield, as well as simple liquid fats. Trends With farms increasingly producing their own feeds, demand is turning to more concentrated feed prod- ucts. These require smaller volumes of higher quality, containing more protein and more energy. In addition, we are seeing more customers turning to non-GMO feeds. New products During the year, we have successfully re-launched a few products with good results. Future growth We aim to grow with ExPro ® in non-GMO feeds and with by-pass fats. The most interesting opportunities are in some of Sweden’s neighboring countries where our market share is low. We have grown in these countries over the past years, but there is still good potential to continue to grow. In 2020 and beyond, we aim to continue optimizing and widening our portfolio to build a better foundation for future growth.