Bangladesh Mustard Oil News

Recent industry report about Bangladesh Mustard Oil company news, including latest market trends and industry updates in 2024. This sector news is compiled by Mordor Intelligence™ Bangladesh Mustard Oil Market industry experts.

Bangladesh Mustard Oil News

  • August 2022: Credinox Impex Private Limited announced an investment of BDT 300 crores in setting up a mustard oil factory in Bangladesh.
  • May 2021: ACI Limited launched AROMA Mustard Oil in Bangladesh, which is made from locally harvested high-grade mustard seeds, guaranteeing the premium quality of the oil. AROMA Premium Mustard oil contains a large amount of mono-unsaturated fatty acid, restricting the build-up of harmful cholesterol in the blood.
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  • April 2024: Arla Foods Ingredients acquired Volac's Whey Nutrition Business. The UK-based Volac Group specializes in turning whey into ingredients for sports nutrition, with its by-products being sold for food and animal nutrition.
  • February 2024: SCI-MX introduced a new transparent whey protein isolate to its range of high-protein products. With 21 g of protein, it comes in Tropical Island Punch and Apple & Blackcurrant flavors.
  • January 2024: UK food and drink manufacturer Aimia Foods entered the sports nutrition market with the introduction of a range of clear whey protein powders called Isovibe. Isovibe is available in four flavors: peach & raspberry, cherry & apple, lemon & lime, and mango & passionfruit.
  • May 2024: Döhler GmBH opened its new production site in South Africa for the development of compounds, emulsions, powdered and liquid flavor ingredients, which is set to significantly bolster its juice concentrate processing capacity. As per the company, this expansion will grant its customers direct access to Döhler's full compound portfolio in the country, underscoring the company's dedication to leading the regional food, beverage, and life science industries.
  • April 2023: Carbery Group (Synergy Flavors Inc.) expanded its footprint in Asia with the opening of premises in Singapore. Carbery Group announced plans to expand and diversify its business, which includes flavoring essences for new customers across different end-use industries in the country.
  • January 2022: Carbery Group (Synergy Flavors Inc.) expanded its R&D facilities and collaborative spaces at its US headquarters in Wauconda, Illinois. This expansion aligned with Synergy's strategy for organic growth, ensuring its facilities matched the escalating demands for collaboration, both internally and with industries.
  • July 2021: Carbery Group (Synergy Flavors) launched a fruit essences and natural flavors collection. This newest addition to the Synergy Pure range of extracts and essences would offer manufacturers a range of natural solutions to suit various food and beverage applications, including tapping into the hard seltzer and ready-to-drink (RTD) alcohol category.
  • July 2024: Syensqo acquired Azerys, a leading expert in rosemary extraction, boasting assets in El Jadida, Morocco. Azerys is renowned for its line of preservatives, crafted exclusively from natural, plant-based ingredients, with a core focus on rosemary extracts.
  • March 2024: Kao Corporation's Material Science Research Laboratory developed an exclusive plant factory, Smart Garden Meguri. The rosemary extract is sourced from plants grown and processed within Kao's Smart Garden Meguri.
  • November 2022: Kemin Industries introduced a new rosemary extract known as FORTIUM R. This line of rosemary extract-based ingredients was engineered to prevent color and flavor degradation effectively.
  • May 2023: IPRONA introduced craftIngredients’ range of botanical extracts from European black elderberry, tart cherries, blackcurrants, and aronia.
  • August 2022: Spain-based Nektium launched an organic version of elderberry extract due to increased demand for natural ingredients from various industries.
  • August 2022: PLT Health Solutions Inc. launched a new elderberry extract in the North American market. The PLT elderberry portfolio will include extracts standardized to 6% and 10% anthocyanins, offered in both standard and organic grades.
  • May 2023: LSDH Group announced that its soy plant in France had become completely operational. The company invested EUR 32 million as part of its ambition to be a key player in the French plant-based beverage ingredients market. The plant, with a surface area of 9,000 sq. m, will offer local soy ingredients for use in plant-based yogurts, ice creams, and cheeses.
  • September 2023: Caldic Ingredients Deutschland and Caldic Ingredients France announced a strategic partnership with Soy Austria. The collaboration signified the introduction of Soy Austria's comprehensive portfolio of sustainable, natural soy-based ingredients and solutions in France.
  • October 2021: The Archer-Daniels-Midland Company launched new locally sourced soy and wheat proteins throughout Europe, notably in France.
  • June 2024: Gaia Herbs launched Milk Thistle Gummies, which utilized organic European-standardized milk thistle extract. The extract is used across other Gaia Herbs formulas, including the company’s Certified Organic Milk Thistle PhytoCaps, Milk Thistle tincture, and Liver Cleanse, among others.
  • April 2024: Doctor's Best Inc. launched a new product named Glutathione + Milk Thistle with Setria. The company claims that Glutathione + Milk Thistle with Setria has milk thistle as a key ingredient that supports liver health and antioxidant activity.
  • November 2021: BYHEALTH addressed consumer concerns about the safety, effectiveness, and bioavailability of complementary medicine products by improving their traceability and utilizing raw materials associated with its BYHEALTH Milk Thistle tablets.
  • October 2022: Nuherbs launched a new partnership with Mexican hibiscus growers to minimize supply chain issues. The California-based company was set to announce an expanding partnership, highlighting its portfolio of hibiscus ingredients, including whole flower and liquid and powder extracts.
  • February 2022: Merck AG launched new cosmetic ingredients, RonaCare Baobab and RonaCare Hibiscus, a nutrient-rich ingredient used in different skincare and cosmetic products. RonaCare Hibiscus not only reduces skin irritation but also enhances the care of sensitive skin, providing protection against oxidative stress, safeguarding collagen from degradation, and improving skin cell vitality.
  • July 2021: Nuherbs and Hibiscus Products LLC launched PHYTOHIB100, claiming it to be the United States' highest-quality organic and kosher-certified Hibiscus sabdariffa Powered Extract. The company utilized its proprietary CleanBrew extraction and drying process, which operates at lower temperatures than conventional methods. This innovative approach enabled Nuherbs to capture the distinct flavor and color profile of Hibiscus sabdariffa. Consequently, the company offered a concentrated, water-soluble, and easy-to-store hibiscus extract of exceptional quality, free from residual solvents, carriers, or excipients.
  • July 2023: Biocatalysts Ltd launched its new protease preparation, Promod 128L, developed specifically with a unique formulation of endopeptidase activities for the effective hydrolysis of extracted collagen in producing neutral-tasting collagen peptides.
  • June 2023: BASF expanded its innovation campus in Shanghai for the development of two new research and development (R&D) buildings. The company invested around EUR 280 million.
  • January 2023: Danisco Animal Nutrition & Health, a business unit of International Flavors & Fragrances, received approval from the Canadian Food Inspection Agency (CFIA) for Enviva PRO and Syncra SWI. Syncra SWI is a combination of VMP and a protease enzyme, and the company claims that it is an effective feed additive with an agile enzyme-producing capacity that adapts to different feed ingredients.
  • October 2023: LuLu Group opened its hypermarket spread in a 72,000 sq. ft area in Dubai Mall, marking the company's 24th store in Dubai. The store offers primarily groceries, fresh food, fruits and vegetables, bakery, health and beauty, stationery, household, IT products, and fresh flowers, among others, resulting in an increasing penetration of Lulu-branded sunflower oil.
  • May 2023: The Department of Municipalities and Transport (DMT), in collaboration with Lulu Group International and the Abu Dhabi Investment Office (ADIO), developed a new community center in Al Rahbah that will include multiple retail and food and beverage outlets.
  • January 2022: International Holding Company’s (IHC) wholly owned subsidiary, IHC Food Holding, acquired a 75% controlling stake in Abu Dhabi Vegetable Oil Company (ADVOC) with the aim of expansion. The acquisition of 75% shareholding of ADVOC was part of a settlement agreement with Dubai Islamic Bank against a total consideration of AED 91 million (USD 24.7 million) as per IHC in a disclosure to the Abu Dhabi Securities Exchange (ADX).
  • May 2024: Algine Plus, a manufacturer of algae-based dietary supplements, launched its product line on Walmart. The product line includes products such as Algine Plus Ocean Greens, Algine Plus Astaxanthin, and Algine Plus Phosphatidylserine. This was part of the company’s goal to expand its reach and make its premium offerings accessible to a wider audience worldwide.
  • October 2022: Solabia-Algatech launched Astaxanthin Gummies with vitamin C. This is a unique, vegan, pectin-based food supplement in a move to offer a new, more flavorsome medium for delivering its flagship Astaxanthin ingredient drawn from the microalgae Haematococcus pluvialis.
  • August 2022: SOUL +FIX, a Singapore-based supplement brand, announced plans to enter the Southeast Asian market with its recently launched product blue spirulina powder supplement. The brand also plans to undertake research & development (R&D) activities to create new formulations.

Bangladesh Mustard Oil Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)