AAK Annual Report 2020

AAK Annual Report 2020 23 Solutions Our solutions within Chocolate & Confectionery Fats continue to cover a wide range of product applications, including chocolate fats and compound fats for coating and molding, filling fats, barrier fats, and spreads. Trends With our unique customer co-development approach, we are very well positioned to address the major global trends in the chocolate and confectionery industry, including premiumization, individualization, and consciousness. We are furthermore well positioned to provide sustainable solutions that go further than comparable solutions in the market. New products In 2020, the chocolate market saw fewer product launches than during a normal year. However, AAK brought to market a health campaign adding high- protein content to chocolate applications which resulted in great interest from our customers following and adapting to the global health trend. We have during the year also further driven and supported COBAO™ Pure, an AAK solution that delivers excellent bloom-retarding capabilities, that was launched in 2019. Future growth The long-term market trend for Chocolate & Confec- tionery Fats looks promising and the business area is well positioned to continue to grow with and above the market. Driven by our customer co-development approach, we will continue to develop new products and solutions. Chocolate & Confectionery Fats