Come 2023, Palm oil has negative effects on the environment and society since it is used in a wide range of products, from moisturisers and lipsticks to baked goods and confections. It also displaces tropical forests in Asia, Latin America, and West Africa and destroys the habitats of endangered animals. With a fatty acid profile "very close" to palm oil, c16 Biosciences, a firm using a "super-productive" non-GMO oleaginous yeast strain that produces 80–90% lipids by weight, is preparing to enter the personal care sector in 2023 and maybe the food industry in 2024.
A reusable 10-liter multi-use jar has been introduced by Gemini Edibles and Fats India Limited (GEF India) as a new product in their Freedom Refined Sunflower Oil line for 2023. The latest offering from Freedom Refined Sunflower Oil increases the range of alternatives.
Freedom Refined Sunflower Oil responded strategically to changing consumer tastes and the increasing trend towards reusable, eco-friendly products by introducing a 10-liter multi-use jar. This creative jar answers the demand for workable and long-lasting solutions while also improving convenience for families.
Ghanim International Corporation introduced Brunei's first vegetable cooking oil for consumer use in 2023 earlier today under the bruneihalalfoods brand. The product will be sold in stores all around the country. Western Foods and Packaging (WFP) in Serasa produces the palm-based oil, carrying on Ghanim's goal of working with several Brunei-based companies to jointly create and market items under their bruneihalalfoods brand.
Key Companies in the Cooking Oils and Fats market includes
- Bunge Limited (US)
- Associated British Foods PLC (UK)
- Conagra Brands Inc. (the US)
- Archer Daniels Midland Company (US)
- United Plantations Berhad (Malaysia)
- IFFCO (UAE)
- AAK AB (Sweden)
- Cargill Incorporated (US)
- James Richardson & Sons Limited (Canada)
- Wilmar International Ltd (Singapore)
- Others
