"Expanding Fermented Nokyong Business" hy Signs Supply Contract with Nutricore

Signed a 3-Year Supply Contract Worth Approximately 3 Tons with Nutricoar, a Health Functional Food Manufacturer
Expanding B2B Business Focused on Probiotics Powder to Natural Material Sources

[Asia Economy Reporter Eunmo Koo] hy is set to officially launch sales of its self-developed 'fermented deer antler velvet.' Through this, the company plans to expand its business-to-business (B2B) operations, which have been centered on probiotics, into natural material-based products and foster this as a new growth engine.

On the 14th, hy announced that it has signed a supply contract for fermented deer antler velvet with Nutricore, a health functional food manufacturer. Approximately 3 tons will be used in Nutricore's new products over the next three years.

Fermented deer antler velvet is hy's key natural material following the commercialization of fermented red ginseng and Cudrania tricuspidata leaf extract. Deer antler velvet, known as a tonic food for enhancing physical strength, considers the topmost part called 'bungol' as the highest quality. Bungol accounts for about 2% of the whole and is rich in active ingredients such as gangliosides and nutritional components.

Fermented deer antler velvet uses the more affordable 'jungdae' part instead of bungol to secure price competitiveness. By fermenting jungdae with lactic acid bacteria, the ganglioside content was increased to the level of bungol. It can be manufactured into various forms such as beverages, pills, and jellies as a concentrated extract. The development took five years.

Kim Minsu, head of hy's Research Planning Team, said, "Fermented deer antler velvet is a material made with probiotics produced in-house by hy, offering both functionality and cost-effectiveness," adding, "We expect it to contribute to the popularization of deer antler velvet and market expansion."

This content was produced with the assistance of AI translation services.