High fructose corn syrup (HFCS) Market - Global Industry Analysis

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

Published Date: 16-May-2022 Category: Food & Beverage Report Format : PDF Pages: 155 Report Code: ZMR-2388 Status : Published

The global high fructose corn syrup (HFCS) market 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.

Description

Industry Prospective:

The global high fructose corn syrup (HFCS) market 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) Market: Overview

High fructose corn syrup (HFCS) is made by using a process called wet milling for corn. It is regarded as a natural sweetener and is used across the world in multiple food and beverage applications. It contains around 40 to 55 percent of fructose and is similar to many sweeteners.

High fructose corn syrup (HFCS) is majorly used in acidic beverages as it holds composition very well in these mediums. The competitive pricing of high fructose corn syrup (HFCS) as compared to other sweeteners in this category is what majorly drives the high fructose corn syrup (HFCS) market potential over the forecast period.

However, increasing health and fitness trends are expected to majorly restrain the use of high fructose corn syrup (HFCS) in the long run.

COVID-19 Impact:

The COVID-19 pandemic had a significantly adverse impact on the high fructose corn syrup (HFCS) market. Lockdown restrictions and rising focus on health were other factors that led to further slow down of the high fructose corn syrup (HFCS) market potential in 2020.  

The global pandemic led to disruptions in the proper functioning of high-fructose corn syrup across the world. Due to the pandemic, people are prioritizing health and wellness, which led consumers to cut sugar, calories, salt, and carbs in food and beverages products.

This has resulted in food and beverage manufacturers launching low/no sweeteners products to cater the consumer demand, which has negatively impacted the high fructose corn syrup (HFCS) market. The high fructose corn syrup (HFCS) market is expected to rise at a sluggish CAGR over the forecast period and in the post-pandemic era.

Global High fructose corn syrup (HFCS) Market

High fructose corn syrup (HFCS) Market: Growth Drivers

Competitive Pricing to Boost Demand for High fructose corn syrup (HFCS)

High fructose corn syrup (HFCS) is priced competitively and this is what majorly boosts its adoption despite other drawbacks. Food and beverage manufacturers adopt the use of high fructose corn syrup (HFCS) in order to cut costs and boost profitability while still being able to claim they used a natural sweetener is what will drive the high fructose corn syrup (HFCS) market potential over the forecast period.

High fructose corn syrup (HFCS) Market: Restraints

Increasing health and fitness awareness to restrain the market growth

High fructose corn syrup (HFCS) is sweet and is not exactly a healthy sweetener in the eyes of multiple consumers and since the focus on health and calorie intake has increased substantially over the past few years this will restrain the high fructose corn syrup (HFCS) market growth over the forecast period.  

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Global High fructose corn syrup (HFCS) Market: Segmentation

The global high fructose corn syrup (HFCS) market is segregated based on type, distribution channel, application, and region.

By Distribution channel, the market is divided into online and offline. The offline sales of high fructose corn syrup (HFCS) are expected to have a dominant outlook over the forecast period owing to the rising preference for these channels among end users.  

By Application, the high fructose corn syrup (HFCS) market is segmented into Food and Beverages, Pharmaceuticals, Animal Feed, and Others. The food & beverages segment will account for major market share but is expected to lose some share over the forecast period as the popularity of functional and healthy alternatives increases across the world.

Regional Landscape

North America region leads the global high fructose corn syrup (HFCS) market in terms of revenue and volume share. High use of high fructose corn syrup (HFCS) in packaged foods and assorted foods is expected to be the major trend driving growth in the North America region over the forecast period. High fructose corn syrup (HFCS) manufacturers are also expected to see lucrative opportunities from the nation of Japan owing to the rising use of high fructose corn syrup (HFCS) in food and beverages manufactured in these regions. High usage of high fructose corn syrup (HFCS) in confectionery, bakery and soft drink manufacturing is also anticipated to boost market potential in the coming years. Increasing use in the production of processed foods and cereals is also expected to boost demand through 2028.

Competitive Landscape

Some of the main competitors dominating the global high fructose corn syrup (HFCS) market include - Japan Corn Starch Co., Archer Daniels Midland Company, Cargill, Incorporated, Tate & Lyle PLC, Showa Sangyo Co, Ltd., Global Sweeteners Holding Limited, COFCO International, Kerry Group Plc, Ingredion Incorporated, Roquette

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

By Type

  • HFCS 42
  • HFCS 55
  • Others

By Distribution channel

  • Offline
  • Online

By Application

  • Food and Beverages
  • Pharmaceuticals
  • Animal Feed
  • Others

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France 
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market research methodology
  • Chapter 2. Executive Summary
    • 2.1 Global High fructose corn syrup (HFCS) Market, (2022 - 2028) (USD Million)
    • 2.2 Global High fructose corn syrup (HFCS) Market : snapshot
  • Chapter 3. Global High fructose corn syrup (HFCS) Market - Industry Analysis
    • 3.1 High fructose corn syrup (HFCS) Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Competitive Pricing to Boost Demand for High fructose corn syrup (HFCS)
    • 3.3 Market Restraints
      • 3.3.1. Increasing health and fitness awareness to restrain the market growth
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market attractiveness analysis By Type
      • 3.7.2 Market attractiveness analysis By Distribution channel
      • 3.7.3 Market attractiveness analysis By Application
  • Chapter 4. Global High fructose corn syrup (HFCS) Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global High fructose corn syrup (HFCS) Market: company market share, 2021
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global High fructose corn syrup (HFCS) Market - Type Analysis
    • 5.1 Global High fructose corn syrup (HFCS) Market overview: By Type
      • 5.1.1 Global High fructose corn syrup (HFCS) Market share, By Type, 2021 and 2028
    • 5.2 HFCS 42
      • 5.2.1 Global High fructose corn syrup (HFCS) Market by HFCS 42, 2022 - 2028 (USD Million)
    • 5.3 HFCS 55
      • 5.3.1 Global High fructose corn syrup (HFCS) Market by HFCS 55, 2022 - 2028 (USD Million)
    • 5.4 Others
      • 5.4.1 Global High fructose corn syrup (HFCS) Market by Others, 2022 - 2028 (USD Million)
  • Chapter 6. Global High fructose corn syrup (HFCS) Market - Distribution channel Analysis
    • 6.1 Global High fructose corn syrup (HFCS) Market overview: By Distribution channel
      • 6.1.1 Global High fructose corn syrup (HFCS) Market share, By Distribution channel, 2021 and 2028
    • 6.2 Offline
      • 6.2.1 Global High fructose corn syrup (HFCS) Market by Offline, 2022 - 2028 (USD Million)
    • 6.3 Online
      • 6.3.1 Global High fructose corn syrup (HFCS) Market by Online, 2022 - 2028 (USD Million)
  • Chapter 7. Global High fructose corn syrup (HFCS) Market - Application Analysis
    • 7.1 Global High fructose corn syrup (HFCS) Market overview: By Application
      • 7.1.1 Global High fructose corn syrup (HFCS) Market share, By Application, 2021 and 2028
    • 7.2 Food and Beverages
      • 7.2.1 Global High fructose corn syrup (HFCS) Market by Food and Beverages, 2022 - 2028 (USD Million)
    • 7.3 Pharmaceuticals
      • 7.3.1 Global High fructose corn syrup (HFCS) Market by Pharmaceuticals, 2022 - 2028 (USD Million)
    • 7.4 Animal Feed
      • 7.4.1 Global High fructose corn syrup (HFCS) Market by Animal Feed, 2022 - 2028 (USD Million)
    • 7.5 Others
      • 7.5.1 Global High fructose corn syrup (HFCS) Market by Others, 2022 - 2028 (USD Million)
  • Chapter 8. High fructose corn syrup (HFCS) Market - Regional Analysis
    • 8.1 Global High fructose corn syrup (HFCS) Market Regional Overview
    • 8.2 Global High fructose corn syrup (HFCS) Market Share, by Region, 2021 & 2028 (USD Million)
    • 8.3. North America
      • 8.3.1 North America High fructose corn syrup (HFCS) Market, 2022 - 2028 (USD Million)
        • 8.3.1.1 North America High fructose corn syrup (HFCS) Market, by Country, 2022 - 2028 (USD Million)
    • 8.4 North America High fructose corn syrup (HFCS) Market, by Type, 2022 - 2028
      • 8.4.1 North America High fructose corn syrup (HFCS) Market, by Type, 2022 - 2028 (USD Million)
    • 8.5 North America High fructose corn syrup (HFCS) Market, by Distribution channel, 2022 - 2028
      • 8.5.1 North America High fructose corn syrup (HFCS) Market, by Distribution channel, 2022 - 2028 (USD Million)
    • 8.6 North America High fructose corn syrup (HFCS) Market, by Application, 2022 - 2028
      • 8.6.1 North America High fructose corn syrup (HFCS) Market, by Application, 2022 - 2028 (USD Million)
    • 8.4. Europe
      • 8.4.2 Europe High fructose corn syrup (HFCS) Market, 2022 - 2028 (USD Million)
        • 8.4.2.1 Europe High fructose corn syrup (HFCS) Market, by Country, 2022 - 2028 (USD Million)
    • 8.4 Europe High fructose corn syrup (HFCS) Market, by Type, 2022 - 2028
      • 8.4.1 Europe High fructose corn syrup (HFCS) Market, by Type, 2022 - 2028 (USD Million)
    • 8.5 Europe High fructose corn syrup (HFCS) Market, by Distribution channel, 2022 - 2028
      • 8.5.1 Europe High fructose corn syrup (HFCS) Market, by Distribution channel, 2022 - 2028 (USD Million)
    • 8.6 Europe High fructose corn syrup (HFCS) Market, by Application, 2022 - 2028
      • 8.6.1 Europe High fructose corn syrup (HFCS) Market, by Application, 2022 - 2028 (USD Million)
    • 8.5. Asia Pacific
      • 8.5.3 Asia Pacific High fructose corn syrup (HFCS) Market, 2022 - 2028 (USD Million)
        • 8.5.3.1 Asia Pacific High fructose corn syrup (HFCS) Market, by Country, 2022 - 2028 (USD Million)
    • 8.4 Asia Pacific High fructose corn syrup (HFCS) Market, by Type, 2022 - 2028
      • 8.4.1 Asia Pacific High fructose corn syrup (HFCS) Market, by Type, 2022 - 2028 (USD Million)
    • 8.5 Asia Pacific High fructose corn syrup (HFCS) Market, by Distribution channel, 2022 - 2028
      • 8.5.1 Asia Pacific High fructose corn syrup (HFCS) Market, by Distribution channel, 2022 - 2028 (USD Million)
    • 8.6 Asia Pacific High fructose corn syrup (HFCS) Market, by Application, 2022 - 2028
      • 8.6.1 Asia Pacific High fructose corn syrup (HFCS) Market, by Application, 2022 - 2028 (USD Million)
    • 8.6. Latin America
      • 8.6.4 Latin America High fructose corn syrup (HFCS) Market, 2022 - 2028 (USD Million)
        • 8.6.4.1 Latin America High fructose corn syrup (HFCS) Market, by Country, 2022 - 2028 (USD Million)
    • 8.4 Latin America High fructose corn syrup (HFCS) Market, by Type, 2022 - 2028
      • 8.4.1 Latin America High fructose corn syrup (HFCS) Market, by Type, 2022 - 2028 (USD Million)
    • 8.5 Latin America High fructose corn syrup (HFCS) Market, by Distribution channel, 2022 - 2028
      • 8.5.1 Latin America High fructose corn syrup (HFCS) Market, by Distribution channel, 2022 - 2028 (USD Million)
    • 8.6 Latin America High fructose corn syrup (HFCS) Market, by Application, 2022 - 2028
      • 8.6.1 Latin America High fructose corn syrup (HFCS) Market, by Application, 2022 - 2028 (USD Million)
    • 8.7. The Middle-East and Africa
      • 8.7.5 The Middle-East and Africa High fructose corn syrup (HFCS) Market, 2022 - 2028 (USD Million)
        • 8.7.5.1 The Middle-East and Africa High fructose corn syrup (HFCS) Market, by Country, 2022 - 2028 (USD Million)
    • 8.4 The Middle-East and Africa High fructose corn syrup (HFCS) Market, by Type, 2022 - 2028
      • 8.4.1 The Middle-East and Africa High fructose corn syrup (HFCS) Market, by Type, 2022 - 2028 (USD Million)
    • 8.5 The Middle-East and Africa High fructose corn syrup (HFCS) Market, by Distribution channel, 2022 - 2028
      • 8.5.1 The Middle-East and Africa High fructose corn syrup (HFCS) Market, by Distribution channel, 2022 - 2028 (USD Million)
    • 8.6 The Middle-East and Africa High fructose corn syrup (HFCS) Market, by Application, 2022 - 2028
      • 8.6.1 The Middle-East and Africa High fructose corn syrup (HFCS) Market, by Application, 2022 - 2028 (USD Million)
  • Chapter 9. Company Profiles
    • 9.1 Japan Corn Starch Co.
      • 9.1.1 Overview
      • 9.1.2 Financials
      • 9.1.3 Product Portfolio
      • 9.1.4 Business Strategy
      • 9.1.5 Recent Developments
    • 9.2 Archer Daniels Midland Company
      • 9.2.1 Overview
      • 9.2.2 Financials
      • 9.2.3 Product Portfolio
      • 9.2.4 Business Strategy
      • 9.2.5 Recent Developments
    • 9.3 Cargill
      • 9.3.1 Overview
      • 9.3.2 Financials
      • 9.3.3 Product Portfolio
      • 9.3.4 Business Strategy
      • 9.3.5 Recent Developments
    • 9.4 Incorporated
      • 9.4.1 Overview
      • 9.4.2 Financials
      • 9.4.3 Product Portfolio
      • 9.4.4 Business Strategy
      • 9.4.5 Recent Developments
    • 9.5 Tate & Lyle PLC
      • 9.5.1 Overview
      • 9.5.2 Financials
      • 9.5.3 Product Portfolio
      • 9.5.4 Business Strategy
      • 9.5.5 Recent Developments
    • 9.6 Showa Sangyo Co Ltd.
      • 9.6.1 Overview
      • 9.6.2 Financials
      • 9.6.3 Product Portfolio
      • 9.6.4 Business Strategy
      • 9.6.5 Recent Developments
    • 9.7 Global Sweeteners Holding Limited
      • 9.7.1 Overview
      • 9.7.2 Financials
      • 9.7.3 Product Portfolio
      • 9.7.4 Business Strategy
      • 9.7.5 Recent Developments
    • 9.8 COFCO International
      • 9.8.1 Overview
      • 9.8.2 Financials
      • 9.8.3 Product Portfolio
      • 9.8.4 Business Strategy
      • 9.8.5 Recent Developments
    • 9.9 Kerry Group Plc
      • 9.9.1 Overview
      • 9.9.2 Financials
      • 9.9.3 Product Portfolio
      • 9.9.4 Business Strategy
      • 9.9.5 Recent Developments
    • 9.10 Ingredion Incorporated
      • 9.10.1 Overview
      • 9.10.2 Financials
      • 9.10.3 Product Portfolio
      • 9.10.4 Business Strategy
      • 9.10.5 Recent Developments
    • 9.11 Roquette
      • 9.11.1 Overview
      • 9.11.2 Financials
      • 9.11.3 Product Portfolio
      • 9.11.4 Business Strategy
      • 9.11.5 Recent Developments

Table Of Figures

  • 1. Market research Type
  • 2. Market research methodology
  • 3. Global High fructose corn syrup (HFCS) Market, 2022 - 2028 (USD Million)
  • 4. Porter’s Five Forces Analysis
  • 5. Global High fructose corn syrup (HFCS) Market attractiveness, By Type
  • 6. Global High fructose corn syrup (HFCS) Market attractiveness, By Distribution channel
  • 7. Global High fructose corn syrup (HFCS) Market attractiveness, By Application
  • 8. Global High fructose corn syrup (HFCS) Market share by Type, 2022 and 2028 (USD Million)
  • 9. Global High fructose corn syrup (HFCS) Market by HFCS 42, 2022 - 2028 (USD Million)
  • 10. Global High fructose corn syrup (HFCS) Market by HFCS 55, 2022 - 2028 (USD Million)
  • 11. Global High fructose corn syrup (HFCS) Market by Others, 2022 - 2028 (USD Million)
  • 12. Global High fructose corn syrup (HFCS) Market share by Distribution channel, 2022 and 2028 (USD Million)
  • 13. Global High fructose corn syrup (HFCS) Market by Offline, 2022 - 2028 (USD Million)
  • 14. Global High fructose corn syrup (HFCS) Market by Online, 2022 - 2028 (USD Million)
  • 15. Global High fructose corn syrup (HFCS) Market share by Application, 2022 and 2028 (USD Million)
  • 16. Global High fructose corn syrup (HFCS) Market by Food and Beverages, 2022 - 2028 (USD Million)
  • 17. Global High fructose corn syrup (HFCS) Market by Pharmaceuticals, 2022 - 2028 (USD Million)
  • 18. Global High fructose corn syrup (HFCS) Market by Animal Feed, 2022 - 2028 (USD Million)
  • 19. Global High fructose corn syrup (HFCS) Market by Others, 2022 - 2028 (USD Million)
  • 20. Global High fructose corn syrup (HFCS) Market share, by Region, 2022 and 2028
  • 21. North America High fructose corn syrup (HFCS) Market, 2022 - 2028 (USD Million)
  • 22. Europe High fructose corn syrup (HFCS) Market, 2022 - 2028 (USD Million)
  • 23. Asia Pacific High fructose corn syrup (HFCS) Market, 2022 - 2028 (USD Million)
  • 24. Latin America High fructose corn syrup (HFCS) Market, 2022 - 2028 (USD Million)
  • 25. The Middle-East and Africa High fructose corn syrup (HFCS) Market, 2022 - 2028 (USD Million)

Table Of Tables

  • 1. Global High fructose corn syrup (HFCS) Market: Snapshot
  • 2. Drivers of the High fructose corn syrup (HFCS) Market: impact analysis
  • 3. North America High fructose corn syrup (HFCS) Market revenue, By Type, 2022 - 2028 (USD Million)
  • 4. North America High fructose corn syrup (HFCS) Market revenue, By Distribution channel, 2022 - 2028 (USD Million)
  • 5. North America High fructose corn syrup (HFCS) Market revenue, By Application, 2022 - 2028 (USD Million)
  • 6. U.S. High fructose corn syrup (HFCS) Market revenue, By Type, 2022 - 2028 (USD Million)
  • 7. U.S. High fructose corn syrup (HFCS) Market revenue, By Distribution channel, 2022 - 2028 (USD Million)
  • 8. U.S. High fructose corn syrup (HFCS) Market revenue, By Application, 2022 - 2028 (USD Million)
  • 9. Canada High fructose corn syrup (HFCS) Market revenue, By Type, 2022 - 2028 (USD Million)
  • 10. Canada High fructose corn syrup (HFCS) Market revenue, By Distribution channel, 2022 - 2028 (USD Million)
  • 11. Canada High fructose corn syrup (HFCS) Market revenue, By Application, 2022 - 2028 (USD Million)
  • 12. Europe High fructose corn syrup (HFCS) Market revenue, By Type, 2022 - 2028 (USD Million)
  • 13. Europe High fructose corn syrup (HFCS) Market revenue, By Distribution channel, 2022 - 2028 (USD Million)
  • 14. Europe High fructose corn syrup (HFCS) Market revenue, By Application, 2022 - 2028 (USD Million)
  • 15. Germany High fructose corn syrup (HFCS) Market revenue, By Type, 2022 - 2028 (USD Million)
  • 16. Germany High fructose corn syrup (HFCS) Market revenue, By Distribution channel, 2022 - 2028 (USD Million)
  • 17. Germany High fructose corn syrup (HFCS) Market revenue, By Application, 2022 - 2028 (USD Million)
  • 18. France High fructose corn syrup (HFCS) Market revenue, By Type, 2022 - 2028 (USD Million)
  • 19. France High fructose corn syrup (HFCS) Market revenue, By Distribution channel, 2022 - 2028 (USD Million)
  • 20. France High fructose corn syrup (HFCS) Market revenue, By Application, 2022 - 2028 (USD Million)
  • 21. U.K. High fructose corn syrup (HFCS) Market revenue, By Type, 2022 - 2028 (USD Million)
  • 22. U.K. High fructose corn syrup (HFCS) Market revenue, By Distribution channel, 2022 - 2028 (USD Million)
  • 23. U.K. High fructose corn syrup (HFCS) Market revenue, By Application, 2022 - 2028 (USD Million)
  • 24. Italy High fructose corn syrup (HFCS) Market revenue, By Type, 2022 - 2028 (USD Million)
  • 25. Italy High fructose corn syrup (HFCS) Market revenue, By Distribution channel, 2022 - 2028 (USD Million)
  • 26. Italy High fructose corn syrup (HFCS) Market revenue, By Application, 2022 - 2028 (USD Million)
  • 27. Spain High fructose corn syrup (HFCS) Market revenue, By Type, 2022 - 2028 (USD Million)
  • 28. Spain High fructose corn syrup (HFCS) Market revenue, By Distribution channel, 2022 - 2028 (USD Million)
  • 29. Spain High fructose corn syrup (HFCS) Market revenue, By Application, 2022 - 2028 (USD Million)
  • 30. Rest of Europe High fructose corn syrup (HFCS) Market revenue, By Type, 2022 - 2028 (USD Million)
  • 31. Rest of Europe High fructose corn syrup (HFCS) Market revenue, By Distribution channel, 2022 - 2028 (USD Million)
  • 32. Rest of Europe High fructose corn syrup (HFCS) Market revenue, By Application, 2022 - 2028 (USD Million)
  • 33. Asia Pacific High fructose corn syrup (HFCS) Market revenue, By Type, 2022 - 2028 (USD Million)
  • 34. Asia Pacific High fructose corn syrup (HFCS) Market revenue, By Distribution channel, 2022 - 2028 (USD Million)
  • 35. Asia Pacific High fructose corn syrup (HFCS) Market revenue, By Application, 2022 - 2028 (USD Million)
  • 36. China High fructose corn syrup (HFCS) Market revenue, By Type, 2022 - 2028 (USD Million)
  • 37. China High fructose corn syrup (HFCS) Market revenue, By Distribution channel, 2022 - 2028 (USD Million)
  • 38. China High fructose corn syrup (HFCS) Market revenue, By Application, 2022 - 2028 (USD Million)
  • 39. Japan High fructose corn syrup (HFCS) Market revenue, By Type, 2022 - 2028 (USD Million)
  • 40. Japan High fructose corn syrup (HFCS) Market revenue, By Distribution channel, 2022 - 2028 (USD Million)
  • 41. Japan High fructose corn syrup (HFCS) Market revenue, By Application, 2022 - 2028 (USD Million)
  • 42. India High fructose corn syrup (HFCS) Market revenue, By Type, 2022 - 2028 (USD Million)
  • 43. India High fructose corn syrup (HFCS) Market revenue, By Distribution channel, 2022 - 2028 (USD Million)
  • 44. India High fructose corn syrup (HFCS) Market revenue, By Application, 2022 - 2028 (USD Million)
  • 45. South Korea High fructose corn syrup (HFCS) Market revenue, By Type, 2022 - 2028 (USD Million)
  • 46. South Korea High fructose corn syrup (HFCS) Market revenue, By Distribution channel, 2022 - 2028 (USD Million)
  • 47. South Korea High fructose corn syrup (HFCS) Market revenue, By Application, 2022 - 2028 (USD Million)
  • 48. South-East Asia High fructose corn syrup (HFCS) Market revenue, By Type, 2022 - 2028 (USD Million)
  • 49. South-East Asia High fructose corn syrup (HFCS) Market revenue, By Distribution channel, 2022 - 2028 (USD Million)
  • 50. South-East Asia High fructose corn syrup (HFCS) Market revenue, By Application, 2022 - 2028 (USD Million)
  • 51. Rest of Asia Pacific High fructose corn syrup (HFCS) Market revenue, By Type, 2022 - 2028 (USD Million)
  • 52. Rest of Asia Pacific High fructose corn syrup (HFCS) Market revenue, By Distribution channel, 2022 - 2028 (USD Million)
  • 53. Rest of Asia Pacific High fructose corn syrup (HFCS) Market revenue, By Application, 2022 - 2028 (USD Million)
  • 54. Latin America High fructose corn syrup (HFCS) Market revenue, By Type, 2022 - 2028 (USD Million)
  • 55. Latin America High fructose corn syrup (HFCS) Market revenue, By Distribution channel, 2022 - 2028 (USD Million)
  • 56. Latin America High fructose corn syrup (HFCS) Market revenue, By Application, 2022 - 2028 (USD Million)
  • 57. Brazil High fructose corn syrup (HFCS) Market revenue, By Type, 2022 - 2028 (USD Million)
  • 58. Brazil High fructose corn syrup (HFCS) Market revenue, By Distribution channel, 2022 - 2028 (USD Million)
  • 59. Brazil High fructose corn syrup (HFCS) Market revenue, By Application, 2022 - 2028 (USD Million)
  • 60. Mexico High fructose corn syrup (HFCS) Market revenue, By Type, 2022 - 2028 (USD Million)
  • 61. Mexico High fructose corn syrup (HFCS) Market revenue, By Distribution channel, 2022 - 2028 (USD Million)
  • 62. Mexico High fructose corn syrup (HFCS) Market revenue, By Application, 2022 - 2028 (USD Million)
  • 63. Rest of Latin America High fructose corn syrup (HFCS) Market revenue, By Type, 2022 - 2028 (USD Million)
  • 64. Rest of Latin America High fructose corn syrup (HFCS) Market revenue, By Distribution channel, 2022 - 2028 (USD Million)
  • 65. Rest of Latin America High fructose corn syrup (HFCS) Market revenue, By Application, 2022 - 2028 (USD Million)
  • 66. The Middle-East and Africa High fructose corn syrup (HFCS) Market revenue, By Type, 2022 - 2028 (USD Million)
  • 67. The Middle-East and Africa High fructose corn syrup (HFCS) Market revenue, By Distribution channel, 2022 - 2028 (USD Million)
  • 68. The Middle-East and Africa High fructose corn syrup (HFCS) Market revenue, By Application, 2022 - 2028 (USD Million)
  • 69. GCC Countries High fructose corn syrup (HFCS) Market revenue, By Type, 2022 - 2028 (USD Million)
  • 70. GCC Countries High fructose corn syrup (HFCS) Market revenue, By Distribution channel, 2022 - 2028 (USD Million)
  • 71. GCC Countries High fructose corn syrup (HFCS) Market revenue, By Application, 2022 - 2028 (USD Million)
  • 72. South Africa High fructose corn syrup (HFCS) Market revenue, By Type, 2022 - 2028 (USD Million)
  • 73. South Africa High fructose corn syrup (HFCS) Market revenue, By Distribution channel, 2022 - 2028 (USD Million)
  • 74. South Africa High fructose corn syrup (HFCS) Market revenue, By Application, 2022 - 2028 (USD Million)
  • 75. Rest of Middle-East Africa High fructose corn syrup (HFCS) Market revenue, By Type, 2022 - 2028 (USD Million)
  • 76. Rest of Middle-East Africa High fructose corn syrup (HFCS) Market revenue, By Distribution channel, 2022 - 2028 (USD Million)
  • 77. Rest of Middle-East Africa High fructose corn syrup (HFCS) Market revenue, By Application, 2022 - 2028 (USD Million)

Methodology

Free Analysis

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.

Global High Fructose Corn Syrup (HFCS) Market

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.

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FrequentlyAsked Questions

Increasing demand from the beverages industry and rising use in packaged bakery products are major trends that guide high fructose corn syrup (HFCS) market growth.

According to the Market Research report, the global high fructose corn syrup (HFCS) market was worth about US$ 8,920.5 million in 2021 and is predicted to grow to around US$ 9754 million by 2028, with a compound annual growth rate (CAGR) of around 1.5 percent.

The North America region leads the global high fructose corn syrup (HFCS) market in terms of revenue and volume share. High use of high fructose corn syrup (HFCS) in packaged foods and assorted foods is expected to be the major trend driving growth in the North America

Some of the main competitors dominating the global high fructose corn syrup (HFCS) market include -- Japan Corn Starch Co., Archer Daniels Midland Company, Cargill, Incorporated, Tate & Lyle PLC, Showa Sangyo Co, Ltd., Global Sweeteners Holding Limited, COFCO International, Kerry Group Plc, Ingredion Incorporated, Roquette

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