16-May-2022 | Zion Market Research
The global high fructose corn syrup (HFCS) market size was worth around USD 8,920.5 million in 2021 and is estimated to grow to about USD 9754 million by 2028, with a compound annual growth rate (CAGR) of approximately 1.5 percent over the forecast period. The report analyzes the high fructose corn syrup (HFCS) market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the high fructose corn syrup (HFCS) market.
High fructose corn syrup (HFCS) is derived from corn to make a natural-based sweetener through a process called wet milling. The sweetener is highly used in multiple food and beverage applications due to its better solubility and price properties in comparison to other sweeteners.
High fructose corn syrup (HFCS) has seen massive adoption as it enables low-cost sweetening to lower prices and maximizes profit margins on a global scale. High fructose corn syrup (HFCS) is highly popular in the food and beverage manufacturing industry and this trend will be prominent over the coming years as well.
However, increasing health awareness and fitness trends are expected to slow down the use of high fructose corn syrup (HFCS) as it is high in calories and is not exactly as healthy as we thought it would be. So as consumers become more aware of what they consume this will lead to a major restriction in the high fructose corn syrup (HFCS) market growth potential through 2028.
The pandemic of 2020 led to a downfall in the high fructose corn syrup (HFCS) market which was already suffering from losses owing to changing consumer preferences. The pandemic led to lockdown restrictions which resulted in the closure of multiple manufacturing and sales channels and hampered the high fructose corn syrup (HFCS) market potential. The high fructose corn syrup (HFCS) market was also hampered by the low manufacturing of food and beverages as supply chains and distribution channels were adversely impacted by the pandemic.
The high fructose corn syrup (HFCS) market is projected to rise at a sluggish CAGR in the post-pandemic era. The demand is not expected to perform well as multiple zero-calorie natural sweeteners will see a rise in popularity and adoption owing to the increasing focus on health and fitness across the world.
The global high fructose corn syrup (HFCS) market is segregated based on fiber type, product type, application, and region. Based on application, the global market is distinguished into Food and Beverages, Pharmaceuticals, Animal Feed, and Others. The food and beverages segment will lead to the high fructose corn syrup (HFCS) market potential over the forecast period. The increasing use of high fructose corn syrup (HFCS) in packaged food, alcoholic and acidic beverages, cereals, and bakery products is expected to bolster demand for high fructose corn syrup (HFCS) over the forecast period.
North America is projected to be the most lucrative market for high fructose corn syrup (HFCS) over the forecast period. The increasing use of high fructose corn syrup (HFCS) in the manufacturing of packaged foods and soft drinks is expected to be a prominent trend driving market potential in this region through 2028. The high use of high fructose corn syrup (HFCS) in cereals and bakery products is also projected to boost the high fructose corn syrup (HFCS) market potential through the forecast period. The increasing demand for fortified food and beverage products is also anticipated to influence the high fructose corn syrup (HFCS) market growth in this region over the coming years.
Browse the full “High fructose corn syrup (HFCS) Market By Type (HFCS 42, HFCS 55, Others), By Distribution channel (Offline, Online), By Application (Food and Beverages, Pharmaceuticals, Animal Feed, Others), and By Region – Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2022 – 2028.” Report at https://www.zionmarketresearch.com/report/high-fructose-corn-syrup-market
The global high fructose corn syrup (HFCS) market is segmented as follows:
By Distribution channel
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