Global High Fructose Corn Syrup Market, By Type (HFCS 42, HFCS 55, Others), Application (Food & Beverages, Pharmaceutical, Others) - Industry Trends and Forecast to 2030.
High Fructose Corn Syrup Market Analysis and Size
High fructose corn syrup refers to a liquid sweetener that is formulated from corn starch which is produced with the help of dividing corn in glucose molecules. Half of these molecules tend to subsequently transform into fructose that is much sweeter than compared to glucose in taste. The liquid sweetener is widely used in various packed food and beverages products.
Data Bridge Market Research analyzes that the High Fructose Corn Syrup market which was USD 7.87 billion in 2022, is likely to reach USD 11.73 billion by 2030, and is expected to undergo a CAGR of 5.12% during the forecast period of 2023 to 2030. “HFCS 55” dominates the product segment of the High Fructose Corn Syrup market due to its widespread use in the food and beverage industry for its high sweetness and versatility. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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By Type (HFCS 42, HFCS 55, Others), Application (Food & Beverages, Pharmaceutical, Others)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E., Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa
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Market Players Covered
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Archer Daniels Midland Company (U.S.), Cargill, Incorporated (U.S.), Global Sweeteners Holdings Limited, Ingredion Incorporated (U.S.), Showa Sangyo Co., Ltd. (Japan), Tate & Lyle (U.K.), Kerry Inc. (Ireland), JAPAN CORN STARCH CO., LTD. (Japan), Roquette Frères (France), DAESANG Corporation (South Korea), HUNGRANA KFT. (Hungary), Baolingbao Biology Co., Ltd. (China), Sinofi Ingredients (China), Kasyap (India)
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Market Opportunities
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Market Definition
High Fructose Corn Syrup is a sweetener made from corn syrup that has undergone enzymatic processing to convert some of its glucose into fructose. It is commonly used in the food and beverage industry as a less expensive alternative to sucrose (table sugar). It is found in a wide range of products, including soft drinks, candies, and processed foods, because it enhances sweetness and shelf life.
Global High Fructose Corn Syrup Market Dynamics
Driver
- Demand for a cost-effective sweetener in the food and beverage industry
High Fructose Corn Syrup is a popular sweetener made from corn starch, and it has several properties that make it attractive to manufacturers and consumers. The production process for High Fructose Corn Syrup involves enzymatic conversion of corn starch into glucose and fructose, and it can be easily scaled up to meet the high demand for sweeteners in the food and beverage industry. As a result, high fructose corn syrup is often a more economical choice for manufacturers looking to sweeten their products.
Opportunity
- Development of High Fructose Corn Syrup Variants
High fructose corn syrup manufacturers can invest in research and development to create high fructose corn syrup variants with improved health attributes. For instance, they can produce high fructose corn syrup with a higher fructose content, which may be perceived as a more natural sweetener compared to traditional high fructose corn syrup blends. This can cater to consumers looking for alternatives to highly processed sweeteners.
Restraint/Challenge
- Health concerns associated with the consumption
High fructose corn syrup has been linked to various health issues, including obesity, diabetes, and metabolic syndrome. Some studies suggest that High fructose corn syrup consumption may lead to greater weight gain and increased risk of chronic diseases when compared to other sweeteners like sucrose (table sugar). These concerns have led to a growing demand for alternative sweeteners perceived as healthier.
This high fructose corn syrup market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the High Fructose Corn Syrup market contact Data Bridge Market Research for an Analyst Brief, our team will help you make an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions. Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Development
- In February 2022, Cargill and Golden Growers Cooperative have formed a joint venture by acquiring ProGold LLC, a corn wet milling facility in Wahpeton, ND. This strategic partnership aims to enhance the long-term reliability and viability of corn-based ingredients for various industries. Cargill, a key player in the high fructose corn syrup market, will continue to operate the facility, supporting local corn growers and producing ingredients used in baked goods, beverages, dairy products, and confectionery
Global High Fructose Corn Syrup Market Scope
The high fructose corn syrup market is segmented on the basis of type and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- HFCS 42
- HFCS 55
- Others
Application
- Food & Beverages
- Pharmaceutical
- Others
Global High Fructose Corn Syrup Market Region Analysis/Insights
The High Fructose Corn Syrup market is analysed and market size insights and trends are provided by country, type and application are referenced above. The countries covered in the High Fructose Corn Syrup market report are U.S., Canada, Mexico, Brazil, Argentina, rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, rest of Asia-Pacific, U.A.E., Saudi Arabia, Egypt, South Africa, Israel, rest of Middle East and Africa.
North America is expected to dominate the High Fructose Corn Syrup market due to wide use in confectionery, bakery, and beverage industries within the region.
Asia-Pacific is expected to show highest growth rate in the High Fructose Corn Syrup market due to the increase in the intake of sweetened food and beverages in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends, and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global High Fructose Corn Syrup Market Share Analysis
The high fructose corn syrup market competitive landscape provides details by competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width, and breadth, application dominance. The above data points provided are only related to the companies' focus related to the High Fructose Corn Syrup market.
Some of the major players operating in the high fructose corn syrup market are:
- Archer Daniels Midland Company (U.S.)
- Cargill, Incorporated (U.S.)
- Global Sweeteners Holdings Limited
- Ingredion Incorporated (U.S.)
- Showa Sangyo Co., Ltd. (Japan)
- Tate & Lyle (U.K.)
- Kerry Inc. (Ireland)
- JAPAN CORN STARCH CO., LTD. (Japan)
- Roquette Frères (France)
- DAESANG Corporation (South Korea)
- HUNGRANA KFT. (Hungary)
- Baolingbao Biology Co., Ltd. (China)
- Sinofi Ingredients (China)
- Kasyap (India)
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