Daepyung Co., Ltd. Company Profile

Background

Overview

Daepyung Co., Ltd., established in 1993, is a leading South Korean manufacturer specializing in natural sweeteners, particularly steviol glycosides derived from the stevia plant. The company has grown to become one of the largest providers of stevia-based products, holding a dominant market share in South Korea. Daepyung's mission is to enhance human health and well-being by producing high-quality, natural sweeteners that serve as healthier alternatives to traditional sugar. Its vision is to become a global leader in innovative natural products, harmonizing human needs with nature and technology.

Industry Significance

Daepyung has played a pivotal role in the development and popularization of stevia-based sweeteners, contributing significantly to the global shift towards natural and low-calorie alternatives in the food and beverage industry. The company's products are recognized for their purity, taste, and health benefits, making them a preferred choice among consumers and manufacturers alike.

Key Strategic Focus

Core Objectives

• Market Leadership: Maintain and expand Daepyung's position as the leading stevia sweetener manufacturer in South Korea and increase its global market share.

• Innovation: Invest in research and development to create new stevia-based products and improve existing ones, ensuring they meet evolving consumer preferences and industry standards.

• Sustainability: Implement environmentally friendly practices in production processes and source raw materials responsibly to promote sustainability.

Areas of Specialization

• Steviol Glycosides: Extraction and refinement of steviol glycosides, including Rebaudioside A and Stevioside, which are key components responsible for stevia's sweetness.

• Glucosylated Stevia: Development of glucosylated stevia products that enhance solubility and reduce bitterness, improving taste profiles in various applications.

• Natural Sweeteners: Production of natural sweeteners for use in food, beverages, cosmetics, and pharmaceuticals, catering to the growing demand for healthier alternatives.

Key Technologies Utilized

• Enzymatic Modification: Utilization of enzymatic processes to modify stevia extracts, enhancing sweetness and solubility while reducing bitterness.

• Biotechnology: Application of advanced biotechnological methods for the extraction and refinement of stevia components, ensuring high purity and quality.

Primary Markets Targeted

• Food and Beverage Industry: Supplying natural sweeteners for use in products such as beverages, confectionery, dairy, and baked goods.

• Cosmetics Industry: Providing natural ingredients for cosmetic formulations, including skin care and personal care products.

• Pharmaceuticals: Offering active pharmaceutical ingredients and excipients derived from natural sources.

Financials and Funding

Funding History

Specific details regarding Daepyung's funding history, including total funds raised and recent funding rounds, are not publicly disclosed. The company has been privately held since its inception and has primarily financed its operations through internal revenue and reinvestment.

Notable Investors

Information about individual investors or venture capital involvement is not publicly available.

Utilization of Capital

Daepyung has utilized its capital to:

• Expand Production Capacity: Investing in state-of-the-art facilities to increase output and meet growing global demand.

• Research and Development: Allocating resources to R&D for product innovation and improvement.

• Market Expansion: Funding initiatives to enter new international markets and strengthen global partnerships.

Pipeline Development

Key Pipeline Candidates

• Steviten Series: A range of glucosylated stevia products designed to offer enhanced sweetness and solubility with reduced bitterness.

• Rebatens: High-purity Rebaudioside A products aimed at providing superior taste profiles for various applications.

Stages of Development

Daepyung's pipeline products are in various stages of development, from initial research to commercial production. The company continually refines its offerings to meet market demands and regulatory standards.

Target Conditions

The primary focus is on developing sweeteners that cater to the global demand for low-calorie, natural alternatives to sugar, addressing health concerns such as obesity and diabetes.

Anticipated Milestones

• Product Launches: Introduction of new stevia-based products into international markets.

• Regulatory Approvals: Obtaining certifications and approvals from health authorities in various regions to expand market reach.

Technological Platform and Innovation

Proprietary Technologies

• Enzymatic Glycosylation: Daepyung's proprietary enzymatic glycosylation process enhances the sweetness and solubility of stevia extracts while minimizing bitterness, resulting in a more palatable product.

Significant Scientific Methods

• Advanced Extraction Techniques: Utilizing cutting-edge methods to extract high-purity steviol glycosides from stevia leaves, ensuring product consistency and quality.

• Biotechnological Refinement: Employing biotechnological processes to refine stevia components, enhancing their functional properties for diverse applications.

Leadership Team

Key Executives

• Rheeseok Jang: Manager at Daepyung Co., Ltd.

Professional Backgrounds

Specific details regarding the professional backgrounds and key contributions of other leadership team members are not publicly disclosed.

Competitor Profile

Market Insights and Dynamics

The global stevia market is experiencing significant growth, driven by increasing consumer demand for natural and low-calorie sweeteners. As of 2025, the market is projected to reach USD 18.2 million, with expectations to grow to USD 46.2 million by 2035. Key drivers include health consciousness, regulatory approvals, and the versatility of stevia in various applications.

Competitor Analysis

• Cargill Incorporated: A major player in the stevia market, offering a range of stevia products for food and beverages, emphasizing clean-label solutions and taste enhancement.

• Ingredion Incorporated: Provides stevia-based sweeteners focusing on low-calorie, plant-based food solutions, catering to the growing demand for natural ingredients.

• Tate & Lyle Plc.: Supplies stevia-based sweeteners for the beverage and dairy markets, emphasizing natural ingredients and functional solutions.

Strategic Collaborations and Partnerships

Daepyung has established partnerships with various global companies to expand its market reach and enhance product offerings. Notably, it collaborates with DKSH to provide specialty chemicals and raw materials to B2B customers.

Operational Insights

Daepyung's strategic considerations include maintaining a competitive edge through continuous innovation, ensuring product quality, and expanding its global footprint to meet the increasing demand for natural sweeteners.

Strategic Opportunities and Future Directions

• Market Expansion: Entering new international markets to increase global presence.

• Product Diversification: Developing new stevia-based products for different applications, including pharmaceuticals and cosmetics.

• Sustainability Initiatives: Implementing eco-friendly practices in production and sourcing to appeal to environmentally conscious consumers.

Contact Information

• Official Website: Daepyung Co., Ltd. official website

• Social Media Profiles: LinkedIn profile available

• Headquarters Location: Leaders B/D, #274-4 Seohyeon-Dong, Bundang-Gu, Seongnam-Si, Gyeonggi-Do, South Korea