High Fructose Corn Syrup Market Analysis till 2025 | Key Players include Archer Daniels Midland Company, Cargill, Tate & Lyle, Global Sweeteners Holdings, Ingredion Incorporated, Showa Sangyo, Japan Corn Starch

High fructose corn syrup (HFCS) is a liquid sweetener considered as an alternative to sucrose, which is made from corn. HFCS has gained rapid popularity as an additive and sweetener and find wide application in the food and beverages industry. Its advantages such as solubility, sweetness and acidity has led to an increase in the consumption of HFCS.

Market Dynamics

High fructose corn syrup market is expected to exhibit significant growth over the forecast period (2017–2025). The development of relatively inexpensive HFCS has made it possible to be accepted in place of sucrose in the end-use industries. Moreover, it lasts longer in the food and beverages as compared to other sugars, making it a better preservative. However, increase in the cholesterol and fat level attributed to its consumption, stands as one of the major restraining factors in the global high fructose corn syrup market.

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HFCS 42 is the most widely used type with a market share of 42.01% in 2016, and is expected to lead the market throughout the forecast period followed by HFCS 55. It signifies that the syrup is made of 42% or 55% fructose, while the remaining sugars being glucose. According to the United States Department of Agriculture (USDA), around 90% of HFCS that is produced in the U.S is sold to the beverage industry.

North America was the leading region in the global high fructose corn syrup market in 2016, with a revenue of US$ 1.70 billion in the same year, and it expected to retain its supremacy throughout the forecast period. U.S. was the major contributor to the growth of this market in North America and is expected to continue its dominance throughout the forecast period. According to USDA, Economic Research Services, the U.S. exported more than 1.124 million metric tons (dry weight basis) of HFCS in the third quarter of 2017, while it exported 1.121 million metric tons (dry weight basis) of HFCS to all countries in 2016.

Europe was the second-largest market for high fructose corn syrup in 2016 with a market share of 25.29% in the same. However the share is expected to decrease over the forecast period, owing to the stringent government regulations. In 2016, the European Commission announced to reduce the added sugar content across 11 product categories by 10% in 2020.

Major players in the global high fructose corn syrup market include 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 and COFCO Rongshi Bio-technology Co. Ltd among others.

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This release was published on openPR.