"Market Intelligence that Adds Flavour to Your Success"

High Fructose Corn Syrup Market Size, Share & Industry Analysis, By Application (Food & Beverage, [Bakery, Cereal Products, Confectionery, Dairy, Beverages] Pharmaceutical) and Regional Forecast, 2021-2028

Region : Global | Report ID: FBI103273 | Status : Ongoing

 

KEY MARKET INSIGHTS

The high fructose corn syrup (HFCS) market is witnessing a significant growth owing to its wide utilization as a sweetener in various processed foods. HFCS is relatively cheap, has better solubility and ability to remain in the solution without forming crystals compared to regular table sugar. The fluctuating price of table sugar coupled with the ease of infusing HFCS in different beverages is driving its global market.


The high fructose corn syrup is also widely utilized in pharmaceuticals, since it provides excipient benefits as a humectant and vehicle, while also providing nutrient benefits as a carbohydrate source and bulk sweetener. The HFCS is incorporated in processed foods such as bakery products, confectionery, and carbonated soft-drinks and sometimes as a preservative in pickles. HFCS has higher stability as compared to sucrose, works well in acidic beverages, and it is available in liquid form which makes it easier to mix better than granulated sucrose. These attributes of HFCS are aiding in its global market growth.


The global high fructose corn syrup market is growing due to the increasing demand for sweeteners from the food and beverage industry. The HFCS has emerged as an alternative to granulated sugar and honey. The processed food manufacturers prefer HFCS over table sugar as it helps in keeping the food fresh, aids in retaining the moisture in bran cereals and breakfast bars, and enhances the fruit and spice flavors. These attributes of HFCS have cumulatively aided in driving its global market.


Key Market Driver -

Increased Utilization of HFCS as an Alternative to Regular Sugar

Key Market Restraint -

Growing Adoption of Zero-Calorie Sweeteners


The evolving lifestyles and growing health consciousness among the consumers have negatively impacted the high fructose corn syrup market. The rising incidences of obesity and diabetes associated with the consumption of high-calorie sweeteners such as HFCS has influenced them to shift towards low or zero-calories sweeteners. The presence of high-intensity natural sweeteners such as stevia has also hampered the global sales performance of HFCS.


Key Players Covered:


The key companies operating in the global high fructose corn syrup market are, Archer Daniels Midland Company, Cargill, Incorporated, Ingredion Incorporated, Global Sweeteners Holdings Limited, Tate & Lyle, Showa Sangyo Co., Ltd., Roquette Frères, DAESANG Corporation, Baolingbao Biology Co., Ltd., Sinofi Ingredients, and Kasyap Sweeteners Ltd.


The beverages segment is the leading owing to the wide incorporation of HFCS in various carbonated soft-drinks and other fruit juices. The confectionery and bakery segments are also witnessing significant traction due to the wide utilization of HFCS in manufacturing products such as jellies, cookies, jams and marmalades. The HFCS is also broadly incorporated in sweetened yogurts and ice creams. The pharmaceutical industry also widely utilizes HFCS in various oral dosages for sweetening purposes, such as in syrups, suspensions and liquids due to its easy diffusibility as compared to the granulated sucrose.


Regional Analysis:


North America is expected to witness significant growth in the high fructose corn syrup market in the forthcoming years. The US Food and Drug Administration (USFDA) grants HFCS the Generally Recognized as Safe (GRAS) status. The U.S. is amongst the leading producer of corn, which aids in wide availability and reliability of corn for the production of HFCS. HFCS has been widely adopted by the U.S. food and beverage manufacturers as it offers higher stability as compared to granulated sugar. The wide incorporation of HFCS in various ready-to-drink (RTD) beverages coupled with the rising trend of RTD beverages among the consumers is anticipated to positively impact the growth of HFCS in the region.


Europe are projected to witness considerable growth in the foreseeable years. The manufacturers are shifting towards high fructose corn syrup as sweetener owing to the scarce availability and increase in price of regular sugar. Thus, these factors are expected to fuel the growth of the regional high fructose corn syrup market.


Asia Pacific is anticipated to witness substantial growth in the upcoming years. The processed food manufacturers in the region are shifting towards relatively cost-effective and convenient sweeteners such as high fructose corn syrup. The wide availability and better diffusibility of HFCS as compared to granulated sugars has increased its incorporation in various soft drinks and other beverages. Thus, these factors are expected to boost the growth of the regional high fructose corn syrup market.


To gain extensive insights into the market, Request for Customization


Segmentation


















 ATTRIBUTE


  DETAILS

By Application




  • Food & Beverage

    • Bakery

    • Cereal Products

    • Confectionery

    • Dairy

    • Beverages



  • Pharmaceutical



By Geography




  • North America (U.S., Canada, and Mexico)

  • Europe (Germany, France, Italy, Spain, U.K., Russia, and Rest of Europe)

  • Asia Pacific (China, India, Japan, Australia, and Rest of Asia Pacific)

  • South America (Brazil, Argentina, and Rest of South America)

  • Middle East & Africa (South Africa, UAE, and Rest of ME&A)



Key Industry Developments



  • In January 2018, Cargill, Inc. and ARASCO, a Saudi Arabia-based food manufacturer, entered into a joint venture. The companies together have started a corn milling facility in Saudi Arabia. The new plant establishment as a result of the joint venture is expected to double the glucose and starch production capacities, along with expanding its product portfolio by including high fructose corn syrup.


High Fructose Corn Syrup Market Size, Share and Global Industry Trend Forecast till 2026
  • Ongoing
  • 2020
  • 2017-2019

    CHOOSE LICENSE TYPE

  • $4850
    $6850
    $8850

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization
Request Customization Banner

Food & Beverages Clients

Nissin
RMIT
BCG
Health Canada
Fresenius

Client Testimonials

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.
X