Global High- Fructose Corn Syrup Market
High- fructose corn syrup is widely used as a sweetener in the processed foods. They are made from corn starch. They are similar to the sugar and are widely used in fruit flavored drinks and sodas. This syrup is made of both glucose and fructose. The corn is first blended to produce corn starch, which is then further processed to produce corn syrup. To make them taste similar to sucrose, then the small amount of glucose which is present in the corn syrup in changed into enzymes. High fructose corn syrup consists of 24% of water and is in liquid form. HFCS 42, HFCS 55 and other are some of the common types of the high fructose corn syrup. As they are similar to the normal sugar, excess HFC syrup can cause many health problems such as obesity, diabetes, bloating & gas and other.
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Some of the factors responsible for the growth of this market are as follow:
- Increasing demand for sweeteners due to a surge of food & beverages industry: Sweetener is a sugar substitute which taste like sugar and are widely used in many food items. There main function is to modify the taste of the food so they can appear more appealing to the consumers. These sweeteners are sometimes composed of the natural ingredients such as herbs, sugar plants and other. They are highly used in all processed food because they act similar to the sugar and product which uses these sweetener are considered as diet food. These products are very helpful for the people with diabetes because sweeteners are low or no caloric sugar substitute
- Easy logistics and handling of the product because of its stability which makes it a convenient option for various food manufacturers: Today high fructose corn syrup is very common and is widely used in many food products. Many manufacturers prefer HFC as compared to the table sugar because free monosaccharides present in the HFCS provides better flavor enhancement, stability, consistency, color and texture. HFCS is cheaper as compared to the other caloric sweeteners which also help the manufacturers to keep the cost of the HFCS low for the customers. They are in liquid form due to which they are very easy to handle and maintain during the manufacturing process. This is the reason many manufacturers prefer them
The global high fructose corn syrup market is segmented on the basis of type as HFCS 42, HFCS 55, & others and application as food & beverages, pharmaceutical, & others.
Key Market Scenario:
- In October 2016, PepsiCo, Inc and Senomyx announced that they have extended their partnership for three years so that they decrease the use of high fructose corn syrup and cane sugar in their different applications. This partnership provide right to the Pepsico to use all natural sweetener and flavor ingredients in their non- alcoholic beverages. The main is to meet the rising demand of the people for less low calorie product
- In September 2016, H-E-B announced the launch of their new product line which eliminates more than 200 synthetic ingredients such as hydrogenated oils, bleached flour, high fructose corn syrup and others. This new range consists of ice cream, granola bars, Greek Yogurt and others. The main aim of the launch is to provide healthy food options to the consumers
“According to Data Bridge Market Research, global high fructose corn syrup market is expected to register a steady CAGR of 4.31% in the forecast period of 2019-2026”
Few of the major competitors currently working in the global high fructose corn syrup market are Archer Daniels Midland Company; Cargill, Incorporated; Global Sweeteners Holdings Limited; Ingredion Incorporated; Showa Sangyo Co., Ltd.; Tate & Lyle; Kerry Inc.; JAPAN CORN STARCH CO., LTD.; Roquette Frères; DAESANG Corporation; HUNGRANA KFT.; Baolingbao Biology Co., Ltd.; Sinofi Ingredients and Kasyap among others.
HFCS are widely used in many products because they have the ability to improve the food quality, taste, texture, and color. They are cost effective as compared to the table sugar which is the reason they are highly in demand by the manufacturers. It is easy to maintain and cost less manufacturing cost. These are some of the factor due to which they are facing demand in the market.
