Functional oil maker teams with Korean food giant

- Last updated on GMT

Related tags: Nutrition

Korean food giant Daesang is to develop a range of
cholesterol-lowering foods, such as cooking oil and mayonnaise,
containing Israeli firm Enzymotec's canola-based MultOil.

Korean food giant Daesang is to develop a range of cholesterol-lowering foods, such as cooking oil and mayonnaise, containing Israeli firm Enzymotec's canola-based MultOil.

The range, set to launch early next year, will increase Daesang's share in Korea's fast-growing health foods market by 10 per cent, said the company.

"During the past year, we have developed an advanced functional line, that can improve diet and helps to maintain a healthy lifestyle, while fighting 'bad' cholesterol. Daily dosage, stability of the final formulation and its good appearance, were all addressed in order to meet consumer needs,"​ said Keumsoo Han, head of R&D at Daesang​.

Enzymotec launched MultOil earlier this year and has been looking to expand the product in global markets. The natural oils have been enzymatically upgraded to have high content of phytosterol-esters (25 per cent) and DAG (15 per cent). A unique grade of the oil has been developed for use in Daesang's range.

"The importance of this agreement lies in the opportunity to expose a high quality ingredient to the dynamic Korean market, together with the freedom to conduct businesses over a range of applications and target markets,"​ said Ariel Katz, CEO of Enzymotec​.

With more than $900 million in annual sales, Daesang is a major player in the Korean market and one of the global manufacturers of amino acids and nucleotides.

Related topics: Suppliers, Markets and Trends

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