Lotte Food

Lotte Food was a prominent South Korean food and clinical nutrition company that merged with Lotte Confectionery in July 2022 to form Lotte Wellfood. The company operated a diverse portfolio including processed foods, edible oils, and a dedicated health-focused dairy division under the Pasteur brand. In the life sciences context, Lotte Food was significant for its development of functional food ingredients, probiotics, and specialized infant and medical nutrition products. This merger was part of a strategic reorganization by the Lotte Group to consolidate its food and wellness businesses and expand its footprint in the global health-functional food market. Following the merger, the entity continues to focus on high-growth areas such as geriatric nutrition and personalized health supplements.