Palm oil Poland: trends & market Marcin Troniarz 18/09/2015 1
IOI Loders Croklaan 2
IOI G roup’s controlled integrated supply chain IOI Group Plantations Oleochemical IOI Loders Croklaan • RM 12.6 billion • 250.000 hectares • The largest • Specialist & revenue in 2014 vegetable oil based leading player in • 14 mills with >4 Asian oleochemical tropical oils • Listed on Bursa million MT capacity. manufacturer • Expert in Malaysia stock 12 RSPO certified • Combined refining market commodities and • Enhanced capacity > 750,000 specialties • 30.000 employees agronomy R&D and MT • 3 million MT yield management. • Global distribution refining capacity 3
IOI Loders Croklaan’s capabilities We are a downstream processing division of IOI Group o IOI Group one of the world’s largest integrated palm oil producers We develop specialty oils & fats primarily for the food industry o Ranging from bakery to confectionary to infant nutrition o Our focus is creating tailored offerings for customers together with customers o We leverage our responsible supply chain with operating excellence o All of this is complimented by our R&D and application leadership o 4
Expertise built on rich experience Achievements and Milestones o Established in 1890 (UK) o Invented CBE’s and OPO o Leading the trans fat elimination o CO-Founded the RSPO o Regional Creative Studios 5
At home in all segments, leveraging expertise Infant Non Confectionery Bakery Spreads Culinary Frying Dairy Nutrition Foods 7
Palm oil: The key to trans free fat 7
Palm oil consumption in Poland o Mainly imported via Germany & The Netherlands o Uptake of refined palm oil is driven by different factors, including local food consumption and increased production for retailers in Western Europe o Increased interest in TFA-free solutions drives palm oil usage *Source: Eurostat 8
Trends in the Polish market o Existing products and new introductions are becoming more premium due to changing demand in local consumption and export markets o As a leading producer of retailer brands for the European market, the Polish market is picking up trends at a high pace o Health and nutritional values are primary drivers for the changes in the market o Premiumisation is seen in type of ingredients used: • Natural & sustainable • Higher quality perception, eg. from CBR to CBE • Highly functional products, eg. anti-bloom and quick/clean melting specialty fats 9
Health & the removal of trans fats o TFA: Strong correlation with the development of coronary heart disease o TFA: Via partial hydrogenation of vegetable oils o TFA: Highly functional: stable and fast processing o EFSA recommends: intake should be as low as possible 10
Great efforts to remove trans fats from our diet o Consumption has been reduced significantly over the years o According 2011 publication* average consumption in Poland (2.8 - 6.9 grams/day) was still too high o Target: <2 grams/day *J. Karbowska, Z. Kochan: Trans fatty acids, effects on coronary heart disease 11
Palm oil: the key in functionality for good food o Fatty acid composition provides specific functionality o Production of high quality foods at required processing performance o Similar end products require similar amounts or behavior of the fatty acids 12
Palm oil: the key to zero-trans products o The natural composition is able to match the performance and eating properties of trans fat in our favorite products o This contributes to delivering the targets stated by EFSA and other health authorities: less than 2 gr of trans fat a day/less than 1% of daily energy o Palm oil is the only source of vegetable fat that is abundant in supply, able to tackle the trans fat challenge on a EU and even a global level o This value is delivered at price levels that enable manufacturers to improve food composition without increasing consumer prices 13
Sustainable palm oil: the key to the future o Sustainable palm oil rapidly becoming market standard in Europe o Transformation in W-Europe in full swing, E-Europe now picking up o Sustainable palm oil enables the use of functional benefits while strengthening the brand image of manufacturers 14
IOI Loders Croklaan: Taking Responsibility Fully committed to drive sustainability and provide healthier alternatives Our vision and commitments • IOI Group and IOI Loders Croklaan are committed to the RSPO Principles & Criteria, and our Sustainable Palm Oil Policy • We are guided by our Responsible Operating Principles • We are committed to our traceability program • We are committed to increasing the amount of RSPO certified sustainable Palm we process in our factories. • Our focus on natural processes results in the removal of trans fats an the lowering of saturated fat in consumer products. 15
Taking responsibility Front runner in sustainable palm oil We offer: Proof points • Access to knowledge and expertise • IOI Group as a main supplier is fully RSPO and ISCC certified for all its mills (excluding newly acquired Unico). • Priority in allocating certified sustainable material • Co-founder of RSPO and seat in the RSPO Board. • Affordable sustainable • In 2014 IOI Loders Croklaan Europe has sold 53% of products its volumes as certified sustainable. • Current traceability level on palm is 94% • First to import RSPO-SG palm in 2011. • Biggest supplier of RSPO-SG palm fractions in Europe • Positive shea assessments by RFA in 2011 and 2014 16
Our expectation for the Polish market o Continued (and growing) role as food producer for the European market o Continued premiumisation o Continued adaptation of nutritional profiles, leading to a removal of trans fats from the diet o Accelerated uptake of sustainable palm oil, paving the way in Eastern Europe o Growth of consumers awareness o Growth of retailers impacting new trends 17
To summarize o Palm oil is a key ingredient for the production of high quality foods o Use of sustainable palm oil in Poland will be growing and at higher pace o Polish market is picking up trends at high speed o Interest in TFA-free, non-hydro solutions is growing rapidly in C&EE o Palm oil enables the removal of trans and hydrogenated fats o Premumisation & higher customer awareness o Sustainable palm oil will become a standard in Europe o Companies like IOI Loders Croklaan are a right partner in this rapidly changing market with solutions readily available 18
Let’s create together Thank you 19
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