South Korea’s food making conglomerate Daesang Corp. announced that its business unit has successfully developed L-Histidine for the first time in the country.
L-Histidine, a high value added amino acid is rich in red-flesh fish and external blue colored fish. It is widely used in medicines, food supplements and animal feed.
In particular, Daesang already signed contracts with some global feed making companies to supply its L-Histidine during the research and development period. Accordingly, the company is about to push into the global market in earnest.
The global L-Histidine market, currently worth 3,000 tons or 100 billion won (US$88.46 million) a year, is growing rapidly by more than 20 percent every year.
In addition, the demand of L-Histidine is expected to continue to rise as global companies started scrambling to acquire salmon farmers from 2014.
Daesang is aimed to achieve a 30 percent share in the global L-Histidine market by 2020. The company will make best use of the features and strengths of its material business which has an organically well-constructed structures between starch sugar and bio sectors as well as between material and competed product businesses.