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K-Food Newsletter

Hanbit Flavor and Fragrance Co., Ltd. A Global Fragrance Leader Exporting to 15 Countries
Date
2024-11-08 07:22:01
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2615
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Hanbit Flavor and Fragrance Co., Ltd. is a specialized fragrance company with an extensive global network. In 2021, the company achieved ISO 14001 certification, and in 2024, it received EAC certification for Eastern Europe and FSSC22000 certification for the U.S. In addition, Hanbit is a certified member of the International Fragrance Association (RIFM). Hanbit develops, produces, and supplies custom fragrances tailored to consumer demands across Southeast Asia, the U.S., and Eastern Europe. Hanbit was founded in 2000 and achieved ISO 9001 certification in 2007. In 2015, the company established an Emotion Research Center and secured HALAL (MUI) certification. In 2020, Hanbit joined the UN Global Compact (UNGC), and in 2021, it launched a new natural extraction facility, achieving production automation and GMP certification.

 


At Hanbit, the production process begins with a detailed analysis of the requested fragrance product. Based on this analysis, the fragrance is then crafted in the company’s perfumery lab to meet the specific requirements of the client. Each fragrance is evaluated by a perfumer and, once approved, is delivered with an evaluation report to the client. Once the fragrance has been approved, it is ready to be produced and distributed on the full scale. Hanbit’s library contains approximately 3,000 fragrance ingredients, covering key product categories: “Sweet” for beverages, ice creams, and bakery goods; “Savory” for sauces, seasonings, and snacks; “Oral Care” for toothpaste, mouthwash, and fresheners; “Pet Care” for pet food and treats; and “Health Care” for pharmaceuticals and supplements.

 


Hanbit’s product range also includes fragrances for perfumes, cosmetics for skin, hair and body care, home care products such as diffusers and air fresheners, laundry products such as detergents and fabric softeners, and industrial products such as deodorizers and repellents. In addition, the company provides a variety of flavors for tobacco products, including “Casing Flavor,” “Top Dressing Flavor,” “Capsule Flavor,” and flavors for electronic cigarettes. Their natural extract line includes the “Black Food”, a high-quality black ginseng extract, “Distilled Extracts” customized with native plants, and “Refined Extracts” produced using advanced purification techniques. Hanbit also offers a range of essential oils, including domestic favorites such as “Yuzu Oil,” “Gurye Mint Oil,” “Ganghwa Artemisia Oil,” and “Sansho Oil.”

 


The company has formalized collaboration with 1,270 partners, including major brands such as Amorepacific, Kolmar Korea, KT&G, Olive Young, Lotte Food, LG Household & Health Care, Cosmax, Shinsegae, CJ CheilJedang, Kimberly-Clark and Orion. Hanbit’s sales have been growing steadily: KRW 42.3 billion in 2019 (40.8 billion domestic, 1.5 billion export), KRW 47.1 billion in 2020 (45.2 billion domestic, 1.9 billion export), KRW 50.9 billion in 2021 (48.4 billion domestic, 2.5 billion export), KRW 66.6 billion in 2022 (62.9 billion domestic, 3.7 billion export), and KRW 79.7 billion in 2023 (77 billion domestic, 2.7 billion export). Current projections are KRW 90 billion this year and KRW 112 billion in 2025. Key export markets include Thailand, Indonesia, Malaysia, Japan, China, Philippines, UAE, Taiwan, Vietnam, Russia and India.
Its monthly production averages 50 tons of food fragrances, 75 tons of cosmetic fragrances, 125 tons of tobacco fragrances, and 10 tons of natural extracts, for a total of approximately 260 tons. The facility is equipped to scale production up to 500 tons monthly or 6,000 tons annually. In line with global carbon neutrality initiatives, Hanbit is committed to sustainable fragrance development. The company gives priority to biodegradable and upcycled ingredients, renewable carbon index management, and plant-based bio-fragrances, with the objective of reducing its environmental impact by developing OECD 301-standard biodegradable fragrances and upcycling waste materials.

 

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