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High fructose corn syrup is replacement of sucrose in the foods and beverages industry. It is derived as a liquid sweetener from corn syrup using a process called wet milling. High fructose corn syrup (HFCS) accounts for a share of 10 % in the global sweeteners market. HFCS is similar to other fructose glucose sweeteners such as honey, sucrose, and fruit juice concentrates in terms of composition or metabolism. It is generally composed of 42% to 55% fructose. HFCS gives better stability and works well in acidic beverages that are available in liquid state, which in turn ensures easy transport and handling of HFCS.
Fructose has emerged as a more cost-effective alternative to glucose, since it is sweeter than the latter. Owing to this attribute the use of fructose has significantly increased in food processing. The consumption of HFCS is also associated with the increasing prevalence of obesity worldwide. The use of HFCS has accelerated across the U.S. food industry at a robust pace. Corn is a reliable crop and is grown abundantly across the U.S., while the production of sucrose is limited, which provides U.S. a lucrative opportunity for imports from major supplies from sugar-growing countries. Thus the supply of essential commodities in the country is vulnerable to political and economic conditions prevalent in exporting nations. Also because of its liquid form HFCS is considered more stable for use in acidic beverages.
Important applications of High Fructose Corn Syrup (HFCS) are:High fructose corn syrup market is segmented into food and beverage and pharmaceutical industry. Food and beverage industry is sub-segmented into baking, canning, cereal product, dairy, carbonated soft drinks, condiments, confections, ice-cream and desserts.
North America is the largest consumer of caloric sweeteners in the world. The production of HFCS in North America has been primarily for the domestic market, until recent years, wherein, most of the produce has gone into exports, mostly due to the large corn availability in the region. Europe is projected as the next region anticipated for growth in the global HFCSs market. Asian countries regarding the HFCS consumption. Countries like Thailand, Indonesia, Vietnam, and the Philippines see a low use of HFCS, while the United States, Mexico, Japan, and the EU-27 have moved from sugar to HFCS, thus, considering it to be a low-cost substitute for sugar.
Global High Fructose Corn Syrup (HFCS) Market: Product Type
High Fructose Corn Syrup (HFCS) Market: Application Analysis
Global High Fructose Corn Syrup (HFCS) Market: Competitive Analysis
Report includes accurate analysis of key players with Market Value, Company profile, SWOT analysis. The Study constitutes of following key players in High Fructose Corn Syrup (HFCS) Market:
High Fructose Corn Syrup (HFCS) Market : Regional Analysis
Global High-Fructose Corn Syrup (HFCS) Market Report Report delivers comprehensive analysis of :
Base Year Value (2022)
USD 3922.34 million
Forecast Value (2029)
USD 5828.97 million
CAGR (2022 to 2028)
North America, Europe, Asian Pacific, Latin America, Middle East and Africa, and ROW
High-Fructose Corn Syrup (HFCS) Market Report was valued at around USD 3922.34 million in 2022 & estimated to reach USD 5828.97 million by 2029.
High-Fructose Corn Syrup (HFCS) Market Report is likely to grow at compounded annual growth rate (CAGR) of 4.5% between 2023 to 2029.
North America is the largest consumer of caloric sweeteners in the world, followed by Europe & Asia Pacific.
Some of the top companies included in the research report are Archer Daniels Midland Co., Cargill Incorporated, Tate & Lyle, COFCO Rongshi Bio-technology Co., Ltd., Global Sweeteners Holdings Limited, Luzhou Bio-chem Technology Co., Ltd., Xiwang Sugar Holdings Company Limited, Ingredion.
HFCS gives better stability and works well in acidic beverages that are available in liquid state, which in turn ensures easy transport and handling of HFCS.
Yes, the report includes COVID 19 impact on the market.
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