High Fructose Corn Syrup (HFCS) Market by Type (HFCS 42, HFCS 55, Others), by Application (Food and Beverage {Bakery, Confectionery, Dairy, Processed Foods, Beverages, Others}, Pharmaceutical, Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 – 2024

High Fructose Corn Syrup (HFCS) is a type of liquid sweetener that makes use of a special form of corn syrup and it is used as a substitute to the sucrose in the food and beverage sector. By making use of the process wet milling, the corn is used for the preparation of high fructose corn. It consists of major part of fructose and the remaining is sugar. High Fructose Corn Syrup (HFCS) has functional properties that enhance foods and beverages. It enhances fruit and spice flavors, prolongs product freshness, aids in fermentation, provides product stability, promotes cooked flavors and also used as surface browning in baked goods. Such factors are expected to drive high fructose corn syrup market growth over the forecast period.

United States is the second largest consumer of caloric sweeteners in the world, which includes high fructose corn syrup, and also considered a major producer of HFCS. Obesity and other related diseases are an important and growing health concern in the United States as well as globally. Soft drinks and other sugar-sweetened beverages are the primary sources of added sugars in the diet of American people. The metabolic syndrome is a cluster of common pathologies, such as abdominal obesity associated with an excess of visceral fat, fatty liver, insulin resistance, hyperinsulinemia, dyslipidemia, and hypertension. Consumption of dietary fructose and high-fructose corn syrup (HFCS) as a sweetener in soft drinks and other foods is expected to reduce such problems.

Based on the type, the high fructose corn syrup (HFCS) market is segmented into HFCS 42, HFCS 55 and others. On the basis of application, the market is segmented into food and beverage, pharmaceutical and others. Food and beverage are further bifurcated into the bakery, confectionery, dairy, processed foods, beverages and others.

North America held major revenue share in the global high fructose corn syrup market in 2017 and the region is anticipated to continue with its regional supremacy over the forecast period. The growth of this regional market is attributed due to the rising adoption rate of HFCS by food and beverage manufacturers in the U.S. and increasing use of HFCS in beverages and processed food products. Asia-Pacific is projected to grow at highest CAGR, due to increased consumption of sweetened food and beverages in the region.

 Some of the key players in the high fructose corn syrup market include Cargill Inc., Tate & Lyle, Archer Daniels Midland Company, Ingredion Incorporated, Global Sweeteners Holdings Limited, Showa Sangyo, Japan Corn Starch Co., Kerry Group Plc and COFCO International. Industry players majorly focus on new product launch and merger & acquisition strategy to gain major revenue share in the market.