Samyang Corp., a century-old South Korean company, is solidifying its position in the country’s allulose market with the opening of a large production facility in Ulsan. The new plant, costing 140 billion won (US$104.3 million), increases Samyang’s annual allulose output to 13,000 tons—quadrupling its previous capacity.
With this expansion, Samyang aims to maintain its leadership in the growing market for alternative sweeteners, outpacing competitors like Daesang Corp. Allulose, a low-calorie sugar alternative found naturally in fruits, has gained popularity as consumers seek healthier options. Samyang first introduced allulose syrup in 2016 and has steadily increased its production since.
The new facility is designed to meet rising global demand, producing both syrup and crystalline forms of allulose for export. The company is also ramping up production of other specialty ingredients, such as nondigestible maltodextrin, and plans to boost its presence in North America, Japan, and Southeast Asia.
As part of its broader strategy, Samyang aims to double the share of specialty ingredients in its overall sales by 2030, focusing on international markets to drive growth.
