High Fructose Corn Syrup (HFCS) Market To Report Impressive Growth, Revenue To Touch Nearly US$ 5,317.7 Million By 2024

28-May-2018 | Zion Market Research

With the presence of a large pool of participants, the Global high fructose corn syrup (HFCS) market is displaying a highly competitive business landscape, finds a new research report by Zion Market Research (ZMR). Cargill Incorporation, Tate & Lyle, Archer Daniels Midland Company, Global Sweeteners Holdings Limited, and Showa Sangyo are some of the key vendors of high fructose corn syrup across the world. These players are focusing aggressively on innovation, as well as on including advanced technologies in their existing products. Over the coming years, they are also expected to take up partnerships and mergers and acquisitions as their key strategy for business development, states the high fructose corn syrup (HFCS) market study.

Citing an instance, in August 2018, The American Heart Association identified high fructose corn syrup (HFCS) as a cost-effective sugar substitute.

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As estimated in this report, the global high fructose corn syrup (HFCS) market stood at US$ 4,500.9 million in 2017. Witnessing a tremendous rise during the period from 2017 to 2024, the revenue in this market is expected to reach US$ 5,317.7 million by the end of the forecast period. The main types available in this high fructose corn syrup (HFCS) market are HFCS 42, HFCS 55, and others.  Among them, the demand for HFCS 55 is relatively higher and the trend is anticipated to remain so over the next few years, notes the research report.

Browse the full "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 " report at http://www.zionmarketresearch.com/report/high-fructose-corn-syrup-market
 

Extensive Product Applications In Food & Beverages Sector To Steer Growth

“Escalating demand for soft drinks, jams, dairy products, carbohydrate drinks, and confectionary items is anticipated to drive the growth of high fructose corn syrup (HFCS) market in the years ahead,” says the author of this study. Apart from this, high fructose corn syrup (HFCS) is becoming highly popular as an additive & sweetener and has garnered massive applications across food & beverages sector. In addition, beneficial features such as solubility, sweetness, and acidity will enhance the product demand, thereby accelerating the growth of high fructose corn syrup (HFCS) market over the forecast timeline.

Shifting lifestyles of population along with mounting health concerns, however, is likely to pose a threat to the growth of high fructose corn syrup (HFCS) market in the forthcoming years. In addition, rapid increase in population prone to diabetes can further adversely influence the high fructose corn syrup (HFCS) market progression over the next few years.  Nevertheless, the massive use of high fructose corn syrup as a substitute for sucrose in myriad food products such as processed foods, bakery items, beverages, and confectionaries will boost the scope of the business in the years ahead. This, in turn, will normalize the impact of hindrances on the high fructose corn syrup (HFCS) market, reports the study.

Global High Fructose Corn Syrup (HFCS) Market

Large Availability Of Corn To Support North America Maintain Dominance

Regionally, North America has been leading the worldwide high fructose corn syrup (HFCS) market and is anticipated to continue on the dominant position in the years to come, states the high fructose corn syrup (HFCS) market study. Supportive legislations and large-scale availability of corn is the main factor behind the dominance of the North America high fructose corn syrup (HFCS) market. The high number of market players being headquartered in North America is another significant factor that is supporting this regional high fructose corn syrup (HFCS) market. In addition, the use of high fructose corn syrup as substitute for sweetener instead of sugar in many food & beverages across countries such as the U.S. will further spur business space.

The global high fructose corn syrup (HFCS) market is segmented as follows:

By Type

  • HFCS 42
  • HFCS 55
  • Others 

By Application

  • Food and Beverage
    • Bakery
    • Confectionery
    • Dairy
    • Processed Foods
    • Beverages
    • Others
  • Pharmaceutical
  • Others 

By Region

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

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