About HFCS-55
HFCS-55 is a high fructose corn syrup which contains 55% of fructose. It is produced by the corn starch. Increasing applications of HFCS-55 in the food and beverage industry for beverages, baked foods, dairy products, and desserts propelling the market growth. Further, increasing demand from the developing economies owing to growth in the processed food industry expected to drive the demand for HFCS-55 over the forecasted period.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 5.3% |
Leading global players are focusing on strategic partnerships to improve their products and services. In addition, companies are focusing on increasing their client base to strengthen market position and to enhance product & service offerings. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global HFCS-55 market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Cargill Inc. (United States), Archer Daniels Midland Company (United States), INGREDION INCORPORATED (United States), Tate & Lyle (United States), Roquette (France), Daesang (South Korea), Showa Sangyo (Japan) and Hungrana (Hungary) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are COFCO Group (China) and Shandong Baolingbao Biotechnology Co., Ltd. (China).
Segmentation Overview
AMA Research has segmented the market of Global HFCS-55 market by , Application (Beverages, Baked Foods and Dairy & Desserts) and Region.
On the basis of geography, the market of HFCS-55 has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Online Retail will boost the HFCS-55 market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Demand of Low-Calorie Sweeteners and Rising Application in the Soft Drinks
Market Growth Drivers:
Increasing Adoption of HFCS-55 as Alternative For Sugar and Growing Processed Food Industry
Challenges:
Lack of Awareness in the Emerging Countries
Restraints:
Stringent Government Regulations Regarding HFCS-55 and Adverse Effect of HFCS-55 on Health
Opportunities:
Rising Demand of the Sweetener in the Food and Beverage Industry and Increasing Demand from the Developing Economies
Market Leaders and their expansionary development strategies
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
In July 2020, Tate & Lyle Plc, a leading global provider of food and beverage solutions and ingredients, announced the launch of SWEETENER-VANTAGE Expert Systems, a set of new and innovative sweetener solution design tools, together with an education program, which are designed to help formulators create sugar-reduced food and drink using low calorie sweeteners.
“According to the Food and Drug Administration, HFCS is ‘high’ in fructose compared to the pure glucose that is in corn syrup. Different formulations of HFCS contain different amounts of fructose. The most common forms of HFCS contain either 42 percent or 55 percent fructose, as described in the Code of Federal Regulations (21 CFR 184.1866), and these are referred to in the industry as HFCS 42 and HFCS 55. The rest of the HFCS is glucose and water. HFCS 42 is mainly used in processed foods, cereals, baked goods, and some beverages. HFCS 55 is used primarily in soft drinks.”
Key Target Audience
Manufacturers of HFCS-55, Suppliers and Distributors of HFCS-55, Government Bodies, Business Research and Consulting Service Providers and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.