High Fructose Corn Syrup Market Size and Industry Growth

The ‘Global High Fructose Corn Syrup Market Growth, Size, Share, Analysis, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global high fructose corn syrup market, assessing the market on the basis of its segments like type, application, and major regions.

The report studies the latest updates in the market, along with their impact across the market. It also analysis the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.

High Fructose Corn Syrup Market Share, Size, Trends, Industry Report, Key Player, Major Segments, and Forecast

The key highlights of the report include:

Market Overview (2018-2028)

  • Historical Market Size (2022): USD 8.8 billion
  • Forecast CAGR (2023-2028): 3.70%
  • Forecast Market Size (2028): USD 10.9 billion

The increasing popularity of the downstream products of sugar and high fructose corn syrup, such as candies, soda, packaged sweets, juicy drinks, and various types of condiments, among others, is increasing the demand for the high fructose corn syrup market.

The rising population, increasing disposable income, and rapid urbanisation are some of the factors improving the accessibility of sugar and high fructose corn syrup across the developing economies. Moreover, the increasing young population is accelerating the demand for sweet beverages which is further fuelling the incorporation of sugar and high fructose corn syrup in juicy or carbonated drinks.

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The global high fructose corn syrup market is being bolstered by the increasing awareness among the food manufacturers regarding benefits of using sugar and high fructose corn syrup. High fructose corn syrup improves the food texture, colour, and freshness, thereby, enhancing the overall stability of the food product.

In addition, HFCS can be easily dissolved, which in turn accelerates the preparation process of the downstream products of high fructose corn syrup. Furthermore, the high fructose corn syrup market dynamics are expected to be influenced by factors such as the rising dine-out activities, rapid development of restaurant chains, and rising footfall in fast food stalls.

High Fructose Corn Syrup Industry Definition and Major Segments

Sugar and high fructose corn syrup refer to a type of sweetener which is obtained from corn syrup. It is used in a variety of processed foods and beverages to enhance the sweet flavour. Sugar and high fructose corn syrup has been gaining popularity in the food and beverage industry since the 1970s. Various formulations are available, with different proportions of fructose and glucose.

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Based on type, the market can be segmented into:

  • Raw Sugar
  • Refined Sugar

On the basis of application, the market has been classified into:

  • Food and Beverages
  • Pharmaceutical and Personal Care
  • Household

Based on region, the market can be categorised into:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

High Fructose Corn Syrup Market Trends

The key trends in the global high fructose corn syrup market include the growing expansion of the online retail sector which is boosting the sale of ready-to-eat HFCS food products. The instant door-step delivery facilities offered by mobile food service platforms are increasing the sale of ice-creams, desserts, fruit-based beverages, bakery and confectionery food products, which are in turn bolstering the demand of sugar.

The growing innovations and research and development activities by the food manufacturers, are expected to generate the demand for sugar and high fructose corn syrup (HFCS) to make pancakes, fruit bread, and innovative beverages, among others. In geographical terms, Latin America holds a decent share in the high fructose corn syrup market, driven by high production of sugar across emerging economies such as Brazil, every year.

Concerns regarding the nutritional profile of sugar and high fructose corn syrup and the potential negative impacts to health may pose a challenge to the market. Sugar and high fructose corn syrup have been linked to the development of insulin resistance which can lead to type 2 diabetes. Due to the growing concerns about the negative health impacts of sugar and high fructose corn syrup, key players are investing in developing healthier alternatives to retain their position in the market.

Key Market Players

The major players in the high fructose corn syrup market report are :

  • Global Sweeteners Holdings Limited
  • Südzucker AG
  • Archer Daniels Midland Company
  • Cargill, Incorporated
  • Ingredion Incorporated
  • Tate & Lyle PLC
  • DCM Shriram Ltd.
  • Cosan S.A.
  • E.I.D. – Parry (India) Limited
  • Roquette Frères
  • Tereos
  • others

The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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