The top bakery fats companies are focusing on developing innovative variants that are rich in nutritional content and can aid in manufacturing premium-quality baked products. These fats help enhance the chemical, physical and nutritional properties, as well as improve the texture, aroma and flavor of the baked and confectionery products. As per the analysis by IMARC Group, the global bakery fats market reached US$ 3 Billion in 2019. The market is further expected to exhibit moderate growth during 2020-2025.
AAK (UK) Limited
AAK is the world’s leading provider of specialty and semi-specialty oils and fats for food and personal care businesses. It collaborates with many of the best-known brands in the chocolate and confectionery, bakery, dairy, specialized nutrition, food service and personal care sectors. At AAK Personal Care, high-performance, active, functional and natural-based lipids are also developed for skincare, haircare, color cosmetics and other personal care products. AAK is a global business with 20 production facilities and more than 3,300 employees, which sources raw materials from around the world.
Headquarter: Minnesota, United States
Cargill Inc. offers a wide range of products and services, including food and beverages, animal nutrition, agriculture, risk management, beauty, transportation and pharmaceutical. The company’s goal is to leverage its research and development capabilities to generate distinctive value through new, improved products and innovative ways to reduce costs. It combines its experience with new technologies and insights to serve as its trusted partners for food, agriculture, financial and industrial customers in more than 125 countries.
Conagra Brands, Inc.
Headquarter: Chicago, United States
Conagra Brands Inc. is a North American food company. The company operates through four segments, namely consumer, commercial, Ralcorp and Ralcorp Food Group. It combines a rich heritage of making great food with a sharpened focus and entrepreneurial spirit. Conagra foodservice offers products to restaurants, retailers, commercial customers and other foodservice suppliers.
CSM Bakery Solutions
Headquarter: Atlanta, Georgia
CSM Bakery Solutions is an international leader in the baking industry, producing one of the industry’s broadest range of products for customers in more than 100 countries. The company offers an extensive and innovative portfolio of premium quality bakery ingredients, finished products and services for retail and foodservice markets, as well as artisanal and industrial bakeries. CSM bakery solutions maintain strategic partnerships around the world to ensure the availability of specialized ingredients, leverage unique product expertise and offer known, trusted brands to consumers.
Fuji Oil Co. Ltd.
Headquarter: Osaka, Japan
Fuji Oil Group deals with food ingredients in four domains, namely vegetable oils and fats, industrial chocolate, emulsified and fermented ingredients, and soy-based ingredients. It has succeeded in commercializing low-trans- fatty-acid oils and fats, for which the demand is rising worldwide, and developing stabilization technology for DHA and EPA, which are beneficial for the brain and blood health.
Headquarter: New South Wales, Australia
Goodman Fielder is a leading regional food company across Australia, New Zealand and Asia Pacific. It manufactures, packages, distributes, markets and sells a wide range of food products, including bread, milk, cheese, chicken, flour, cooking oils, spreads, baking ingredients, ice cream and snacks. In 2015, Goodman Fielder was acquired by two leading food companies in Asia, namely Wilmar International and First Pacific. The new ownership provides a significant opportunity for Goodman Fielder to invest further in its brands, people and facilities to create the region’s leading consumer food company. Wilmar International acquired First Pacific’s 50% share of Goodman Fielder in 2019.
Premium Vegetable Oils SDN BHD
Headquarter: Pasir Gudang, Malaysia.
Premium Group has been at the forefront of the edible oils and fats industry worldwide. The company’s range of specialty fats is customized and adheres to stringent quality standards and guidelines as required in over 50 countries around the world. The company’s confectionery fats are also used in applications such as molding, coating and filling. They are high in demand by some of the world’s top brands, mainly due to their advanced chemical and physical characteristics.
Headquarter: London, United Kingdom
Unilever PLC/NV is a global company selling fast-moving consumer goods. The company offers products, such as nutritious foods, household care essentials, indulgent ice creams, refreshing teas, luxurious shampoos and affordable, disease-combating soaps. Lipton, Knorr, Dove, Rexona, Hellmann’s and Omo are some of the 12 Unilever brands with an annual turnover of more than €1 billion.
Wilmar International Limited
Wilmar International Ltd. is ranked amongst the largest listed companies by market capitalization on the Singapore Exchange. The company’s business activities include oil palm cultivation, oilseed crushing, edible oils refining, sugar milling and refining, manufacturing of consumer products, specialty fats, oleochemicals, biodiesel and fertilizers, as well as flour and rice milling. Moreover, it has over 500 manufacturing plants and an extensive distribution network covering China, India, Indonesia and some 50 other regions.
About IMARC Group: IMARC Group is a leading market research and consulting company that offers management strategy and market research worldwide. The company has successfully done multiple projects on the bakery fats industry, which has enabled clients to set up and expand their businesses. Some of the company’s offerings include:
- Market Research
- Plant setup
- Plant Expansion
- Marketing and sales
- Procurement and Distribution
- Innovation and Product Development
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