Global High Fructose Corn Syrup Market: Analysis and Forecast 2022-2027
Regional Category Spend, Primary Demand, Price Analysis and Indicators, and Best Buying Practices of the High Fructose Corn Syrup Market
The global High fructose Corn Syrup industry was valued to be worth about USD 72.84 Billion in 2021. In the projection period of 2022-2027, the industry is expected to grow at a CAGR of around 2.5 per cent, achieving a value of around USD 9.26 Billion by 2027.
The high fructose corn syrup industry report broadly studies the industry, together with important segments, movements, drivers, constraints, the competitive landscape, and other critical market features.
Granulated sugar and honey are now frequently replaced by high fructose corn syrup. Due to its widespread use as a sweetener in many processed food and beverage goods, the market is experiencing significant expansion. North America is the biggest category spender by region which is impelling the demand for the High fructose corn syrup industry.
High Fructose Corn Syrup: Industry Definition and Segmentation
High fructose corn syrup, also known as glucose-fructose, is a sweetener made from cornflour in which some of the glucose is converted to fructose, which is then used commercially as a less expensive alternative to sucrose in the creation of meals and soft drinks. The US Food and Drug Administration has designated high fructose corn syrup as a safe component for use in food and beverage goods. As an alternative to sucrose, this sweetener is widely utilised in the food business.
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The high fructose corn syrup industry report comprises segments:
- By applications – food and beverages, pharmaceuticals, and animal feed
- By region – Europe, North America, Asia Pacific, Latin America, and the Middle East and Africa
Snapshot of the Report
The regional markets for the industry can be divided into Europe, North America, Asia Pacific, Latin America, and the Middle East and Africa.
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Due to the varied usage of high fructose syrup as a sweetener in multiple food and beverage products such as bakery items, confectionery, and carbonated soft drinks and at times as a preservative in pickles, the market is witnessing considerable growth.
Also, since the sweetener has a comparatively competitive price over the other kinds, has superior solubility and the capability to stay in the solution without forming crystals unlike commonly used table sugar has helped in propelling the global market. Other than food and beverages producers, firms from pharmaceuticals and nutraceuticals also have a huge demand for high fructose corn syrup.
Category Insight by Region
Owing to the increasing demand for high fructose corn syrup in the United States, North America has become the biggest consumer of the product. This high level of demand is primarily because of its extensive utilisation in the confectionery, bakery, and beverage industries, specifically soft drink production.
The most popularly used types of high fructose corn syrup in the United State are the HFCS 42 (used in processed foods, cereals, beverages, and baked goods), HFCS 55 & HFCS 65 (used in soft drinks), and HFCS 70 (used in filling jellies). Moreover, the American manufacturers have increased their exports of the sweetener during the early 21st century.
Best Procurement Practices
The global High Fructose Corn Syrup Industry Report by Procurement Resource gives an in-depth analysis of the best buying practices followed by high fructose corn syrup providing and utilising regions across the globe, such as contract terms, engagement models, and buyer and supplier negotiation levers, among others.
Category Management Studies
High fructose corn syrup is produced more easily and cost-effectively relatively than table sugar. It is essentially comprised of monosaccharides glucose and fructose in its free and open form and is prepared by chemical and enzymatic hydrolysis of corn starch that includes amylose and amylopectin converted into corn syrup containing primarily glucose followed by isomerisation of glucose into fructose. The vapour substance of this syrup ranges between 23% and 29%. High fructose corn syrup consists of measures of riboflavin, niacin, pantothenic acid, folic acid, vitamin C, calcium, iron, magnesium, phosphorus, potassium, sodium, and zinc.
Key Supplier Profiles included in the Global High Fructose Corn Syrup Industry Report
The key market players are Cargill Inc., Archer Daniels Midland Co., Ingredion Incorporated, Tate & Lyle PLC, and Roquette Freres.
The report covers capacity additions, plant shutdowns, investments/divestments, mergers and acquisitions, and other latest developments of the suppliants.
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