About High Fructose Corn Syrup
High-fructose corn syrup is a sweetener made from cornflour. In which some amount of glucose is converted to fructose. The high-fructose corn syrup market has high growth prospects owing to increasing adoption as an alternative for the sugar. Moreover, a wide range of applications of high-fructose corn syrup and rising demand from the developing economies expected to boost the market demand over the forecasted period.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 4.62% |
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain competitive advantage through combined collaborations. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global High Fructose Corn Syrup 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.
Archer Daniels Midland Company (United States), Cargill (United States), Ingredion (United States), Tate & Lyle (United Kingdom), Global Sweeteners Holdings Limited (Hong Kong), ADM (Archer Daniels Midland Company) (United States), Ingredion Incorporated (United States), Cargill, Incorporated (United States), Tate & Lyle PLC (United Kingdom) and Roquette Frères (France) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Syral S.A. (Belgium), Tereos S.A. (France), Agrana Beteiligungs-GmbH (Austria), Südzucker AG (Germany) and Cargill, Incorporated (Thailand).
Segmentation Overview
AMA Research has segmented the market of Global High Fructose Corn Syrup market by , Application (Beverages, Baked Foods, Dairy & Desserts and Others) and Region.
On the basis of geography, the market of High Fructose Corn Syrup 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 High Fructose Corn Syrup market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Industry Vertical, the sub-segment i.e. Pharmaceutical will boost the High Fructose Corn Syrup market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Adoption as Alternative of Honey and Sugar in Food Preparations
Market Growth Drivers:
Changing Food Habits and Growing Health Concerns among Consumers and Growing Demand for Sweeteners in the Food and Beverage Industry
Challenges:
Lack of Awareness in the Emerging Economies
Restraints:
Stringent Government Regulations for High Fructose Corn Syrup and Side Effects on Health with Excess Consumption
Opportunities:
Increasing Demand from the Food and Beverage Industry and Rising Demand from the Developing Economies
Market Leaders and their expansionary development strategies
On February 15, 2023, Cargill and Ingredion announced a strategic partnership to focus on plant-based protein production, as reported by Bloomberg
In May 20, 2022, ADM launched a new line of high fructose corn syrup products, according to a press release from the company
“According to the Food and Drug Administration (FDA), 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
High Fructose Corn Syrup Manufacturers, Raw Material Suppliers, Distributors and Traders, Research Organisations, Government Agencies 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.