Global high fructose corn syrup market expected to generate revenue of around USD 5,317.7 million by end of 2024, growing at a CAGR of around 2.4% between 2017 and 2024. HFCS is a liquid sweetener and it is considered as an alternative to sucrose, which is made from corn. HFCS is gaining popularity as an additive and sweetener and has wide application in food and beverage industry.
The report covers forecast and analysis for the high fructose corn syrup (HFCS) market on a global and regional level. The study provides historic data of 2015-2017 along with a forecast from 2018 to 2024 based on volume (Kilo Tons) and revenue (USD Million). The study includes drivers and restraints for the high fructose corn syrup (HFCS) market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the high fructose corn syrup (HFCS) market on a global level.
This report offers comprehensive analysis on global high fructose corn syrup (HFCS) market along with, market trends, drivers, and restraints of the high fructose corn syrup (HFCS) market. This report includes a detailed competitive scenario and product portfolio of key vendors. To understand the competitive landscape in the market, an analysis of Porter’s five forces model for the market has also been included. The study encompasses a market attractiveness analysis, wherein all segments are benchmarked based on their market size, growth rate, and general attractiveness. This report is prepared using data sourced from in-house databases, secondary and primary research team of industry experts.
The study provides a decisive view on the high fructose corn syrup (HFCS) market by segmenting the market based on type, application, and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2018 to 2024. Based on the type, high fructose corn syrup (HFCS) market is divided into HFCS 42, HFCS 55 and others. Based on application, the segmentation of high fructose corn syrup (HFCS) market is food and beverage, pharmaceutical and others. Food and beverage are further bifurcated into the bakery, confectionery, dairy, processed foods, beverages and others. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Each region has been further segmented into countries such as the U.S., Canada, Mexico, UK, France, Germany, Russia, China, India, Japan, Australia, Brazil, Saudi Arabia, UAE and South Africa.
The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global high fructose corn syrup (HFCS) market such as 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.
This report segments the global high fructose corn syrup (HFCS) market as follows:
Global High Fructose Corn Syrup (HFCS) Market: Type Segment Analysis
Global High Fructose Corn Syrup (HFCS) Market: Application Segment Analysis
Global High Fructose Corn Syrup (HFCS) Market: Regional Segment 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.
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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