[Photo provided by Lotte Foods Co.]
South Korea’s Lotte Foods Co. said Thursday its subsidiary Pasteur Milk Co. has signed a memorandum of understanding with New Zealand’s Spring Sheep Milk Co. to introduce premium sheep milk products to Korean consumers.
Under the agreement, Pasteur Milk will release sheep milk products for kids starting next year and sheep milk formula for babies and infants in 2020. Entering the Chinese market is also one of its long-term plans, said the Korean company.
Sheep milk contains 60 percent more calcium and 50 percent more protein than milk from cows or goats and is rich in various vitamins, minerals and amino acids, explained Pasteur Milk. It is also considered a better option for people with milk allergies or lactose intolerance, the company added.
Demand for sheep milk has been on the rise, especially in Europe and China, on growing interest in more luxury dairy products.
Spring Sheep Milk is a joint venture between Landcorp Farming Ltd., a state-owned enterprise of the New Zealand government, and a number of investors through SLC Ventures, a boutique marketing company that specializes in taking New Zealand products global. Landcorp is New Zealand’s largest farmer and operates about 140 farms across 385,000 hectares in the country.
“Together with our reliable partner Spring Sheep Milk, we look forward to introducing nutritional and premium food products using sheep milk,” said a Lotte Food official.
By Lee Duk-joo and Kim Hyo-jin
[ⓒ Pulse by Maeil Business News Korea & mk.co.kr, All rights reserved]