High Fructose Corn Syrup Market – Global Industry Analysis and Forecast (2023-2029)

The High Fructose Corn Syrup Market is forecasted to grow at a CAGR of 4.56% over the forecast period, thanks to the increasing demand for sweetener. High fructose corn syrup accounts for a share of 9.5% in the global sweeteners market.
High Fructose Corn Syrup Market Definition:
The term "high fructose corn syrup" refers to is a liquid sweetener that is used to replace sucrose, which is derived from corn. High fructose corn syrup (HFCS) is a common sweetener and ingredient that has a wide range of uses in the food and beverage industry. Because of its benefits such as solubility, sweetness, and acidity, high fructose corn syrup consumption has increased (HFCS).To know about the Research Methodology :- Request Free Sample Report
High Fructose Corn Syrup Market Dynamics:
Global High Fructose Corn Syrup Market size was valued at US$ 5.48 Bn. in 2022 and the total revenue is expected to grow at 4.56% through 2023 to 2029, reaching nearly US$ 7.49 Bn. One of the primary factors driving the growth of the high fructose corn syrup market is the increase in demand for the product because of its low price, which helps to lower the prices of end-products. Because of its many characteristics, such as its ability to remain in solution, high solubility, and lack of crystallisation like sucrose under certain conditions, as well as attractive import and export tariffs, the market for high fructose corn syrup is growing.

Manufacturers' use of advanced technologies to produce superior quality and cost-effective products, as well as the high use of the sweetener in various packaged food & beverage items such as canned fruits, desserts, condiments, soft drinks, and baked & confectionary products, among others, all have an impact on the market. Furthermore, the high fructose corn syrup market benefits from the growth of the food & beverage sector, lifestyle changes, rising demand for packaged food, and increased investment by manufacturers. Also, the creation of new products through major R&D investments provides profitable potential for market participants in the forecast period. The production of HFCS is less complicated and less expensive than that of table sugar. HFCS has been determined to be a safe ingredient for food & beverage manufacture by the US Food and Drug Administration.

On the other hand, one of the primary reasons currently limiting the market's growth is the rise in consumption of low-calorie meals and beverages. Furthermore, excessive use of added sugar in any form, including HFCS, can have a number of detrimental impacts on human health, including obesity, which is another important reason for the high fructose corn syrup market's downturn.
High Fructose Corn Syrup Market Segmentation:
The high fructose corn syrup market is segmented into type and application.

Based on the type segment: The high fructose corn syrup market is further sub-segmented into HFCS 42, HFCS 55, and Others. Among these, the HFCS 42 is held the market share of 42.05 percent in 2022, and it is expected to continue to lead the market during the forecast period, followed by HFCS 55. It denotes that the syrup contains 42 percent or 55 percent fructose, with glucose as the remaining sugar. According to the USDA, almost 90% of HFCS produced in the United States is marketed to the beverage industry.

In terms of application segment: The high fructose corn syrup market is further sub-segmented into food & beverage, pharmaceutical, and others. Among these, food & beverage held the largest market share of the global market in 2022 and is expected to grow at a CAGR of 3.85%. The growing demand for energy drinks, as well as increased awareness about the usage of natural ingredients, may be to blame. The use of artificial sweeteners in beverage manufacturing is causing increasing concern. Consumer preferences for ready-to-eat meals and convenience foods, as well as the development of healthy variations of existing beverage items, are expected to drive increasing consumption rates over the forecast period (2023-2029). Also, companies are widely investing in advertising and brand awareness initiatives in response to the increased demand for fat-free, sugar-free, and low-sugar confectionery items, which is expected to support the HFCS industry.
High Fructose Corn Syrup Market Regional Insights:
With a market share of 39% in 2022, North America dominated the High Fructose Corn Syrup Market. The use of high fructose corn syrup has increased dramatically in recent years, because of increased consumer knowledge, a large demand for healthy snack products, and the existence of major manufacturers such as Archer Daniels Midland and Tate & Lyle, who continue to expand their market. The production of HFCS in North America has mostly been for the domestic market until recent years, when the majority of the product has gone into exports, owing to the region's abundant maize supply. The High Fructose Corn Syrup Market is expected to grow from 2023 to 2029.

The objective of the report is to present a comprehensive analysis of the global High Fructose Corn Syrup to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the High Fructose Corn Syrup dynamics, structure by analyzing the market segments and project the High Fructose Corn Syrup size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global High Fructose Corn Syrup make the report investor’s guide.
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High Fructose Corn Syrup Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2017 to 2022
Market Size in 2022:
US $ 5.48 Bn.


Forecast Period 2023 to 2029 CAGR:
4.56%
Market Size in 2029:
US $ 7.49 Bn.


 Segments Covered:
by Type
• HFCS 42
• HFCS 55
• Others


by Application
• Food & Beverage
• Pharmaceutical
• Others


by Distribution Channel
• Online
• Offline



High Fructose Corn Syrup Market, by Region
• North America (United States, Canada and Mexico)
• Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
• Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
• Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
• South America (Brazil, Argentina Rest of South America)
High Fructose Corn Syrup Market Key Players are:
• Archer Daniels Midland Company
• Cargill Inc.
• Tate & Lyle Plc.
• Global Sweeteners Holdings Limited
• Ingredion Incorporated
• Showa Sangyo
• Japan Corn Starch Co., Ltd.
• Kerry Group Plc.
• COFCO
• Roquette Frères
• DAESANG Corporation
• HUNGRANA KFT.
• Baolingbao Biology Co., Ltd.
• Sinofi Ingredients
• Kasyap
• Others
Frequently Asked Questions:
1. Which region has the largest share in High Fructose Corn Syrup Market?
Ans: North America held the highest share in 2022

2. What is the growth rate of the High Fructose Corn Syrup Market?
Ans: The High Fructose Corn Syrup Market is growing at a CAGR of 4.56% during the forecasting period 2023-2029.

3. What segments are covered in High Fructose Corn Syrup market?
Ans: High Fructose Corn Syrup Market is segmented into type, application, Distribution Channel  and region.

4. Who are the key players in High Fructose Corn Syrup market?
Ans: The important key players in the High Fructose Corn Syrup Market are - Archer Daniels Midland Company, Cargill Inc., Tate & Lyle Plc., Global Sweeteners Holdings Limited, Ingredion Incorporated, Showa Sangyo, Japan Corn Starch Co., Ltd., Kerry Group Plc., COFCO Rongshi Bio-technology Co. Ltd, Roquette Frères, DAESANG Corporation, HUNGRANA KFT., Baolingbao Biology Co., Ltd., Sinofi Ingredients, Kasyap, and Others.

5. What is the study period of this market?
Ans: The High Fructose Corn Syrup Market is studied from 2022 to 2029.