AAK Annual Report 2020

AAK Annual Report 2020 25 Natural Emulsifiers Operating out of Manchester, United Kingdom, AAK’s business for natural emulsifiers serves customers with natural lecithins that are crucial in a wide range of applications. Segments in which natural lecithins play a key role are Chocolate & Confectionery Fats, Bakery, Dairy, Plant-based Foods, Personal Care, and Special Nutrition. Solutions With our portfolio of natural emulsifiers, we are providing customized solutions created in close collaboration with our customers, based on lecithin from soy, sunflower, and rapeseed origin, in both liquid and powder form. Trends As a by-product from the processing of plant-based oils, lecithin is the only natural, clean label emulsifier in the market. The global demand for specialized lecithin, such as organic, certified non-GMO IP or allergen-free, is expected to continue to rise as consumers look to verify the sustainability and traceability within food production. New products Our portfolio continues to expand with this value- adding ingredient and driven by trends and close customer collaborations we aim to create even better co-development solutions in the various segments that we serve. Future growth The global lecithin market is expected to show contin- ued strong market growth, supported by clear trends such as clean label declarations, natural and functional ingredients, allergen-free, and traceability. With the implementation of our customer co-development approach for lecithin, we are well positioned and we will continue to develop new products and solutions in collaboration with our customers.