High-Fructose Corn Syrup Market - Growth, Trends, and Forecast (2019 - 2024)

PUBLISHED

DEC 2017

High-Fructose Corn Syrup Market - Growth, Trends, and Forecast (2019 - 2024)

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High-Fructose Corn Syrup (HFCS) Market Insights

The global HFCS market was valued at USD 3083.2 million in 2015 and is expected to register a CAGR of 4.0% during the forecast period 2018-2023. High-fructose corn syrup (HFCS) is a liquid sweetener which is an alternative to sucrose used in the food & beverage industry. This syrup is largely used in the developed markets as compared to the developing markets. Globally, countries with high HFCS consumption are being associated with a high prevalence of diabetes.

High-Fructose Corn Syrup (HFCS) Market Dynamics

High-fructose corn syrup (HFCS) market share holds around 15% of the overall global food sweeteners market.  The use of this syrup as an alternative to sucrose (cane sugar) is the primary factor driving the growth of the global HFCS market. It is expected that HFCS will overtake cane sugar as a sweetener in the following years, as it is cost-effective and sweeter in comparison to glucose. As a result of these qualities, the demand for HFCS is expected to intensify over the forthcoming years. However, since the number of calories present in HFCS is no less than that in sugar, its consumption might decrease among the health-conscious consumers. Moreover, the occurrence of obesity due to excessive consumption of fructose is anticipated to inhibit the HFCS market growth.

High-Fructose Corn Syrup (HFCS) Market Segmentation

The fructose content of HFCS is generally between 42% to 55%, and hence, by type, it is segmented into HFCS 42 and HFCS 55; the remaining sugars being primarily glucose or/and higher sugars. In terms of application, the global HFCS market is segmented into food  & beverages and pharmaceuticals; the food & beverage industry is sub-segmented into the bakery, dairy, beverages, confectionaries, processed foods and others.

High-Fructose Corn Syrup (HFCS) Market Regional Analysis

North America is the largest consumer of caloric sweeteners in the world.  The production of HFCS in North America has been primarily for the domestic market, until recent years, wherein, most of the produce has gone into exports, mostly due to the large corn availability in the region. Europe is projected as the next region anticipated for growth in the global HFCSs market. In Asia-Pacific, the market is still in the nascent stage, valued at USD 648.2 million in 2015. The regional market is slated to register a CAGR of 5.5% during 2018-2023. Japan leads the Asian countries regarding the HFCS consumption. Countries like Thailand, Indonesia, Vietnam, and the Philippines see a low penetration of HFCS, while the United States, Mexico, Japan, and the EU-27 have switched from sugar to HFCS, thus, considering it to be a cheap substitute for sugar. 

High-Fructose Corn Syrup (HFCS) Market Competitive Environment

HFCS has been widely adopted, as it offers advantages over granulated sucrose; for instance, it is easy to supply, has good stability and is easy to handle. The high-fructose corn syrup (HFCS) market is seeking high penetration opportunity in Asia-Pacific and South America.

The key players of global high-fructose corn syrup (HFCS) market includes Archer Daniels Midland Company, Cargill Inc., Ingredion Incorporated and Tate & Lyle amongst others.

Reasons to Purchase the High-Fructose Corn Syrup (HFCS) Market Report

  • Analyzing outlook of the market with the recent trends and Porter’s five forces analysis
  • Market dynamics, which essentially consider the factors that are impelling the present market scenario, along with growth opportunities of the market in the years to come
  • Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
  • Regional and country-level analysis integrating the demand and supply forces that are influencing the growth of the market
  • Competitive landscape involving the market shares of major players along with the key strategies adopted for development in the past five years
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • 3 month analyst support, along with the Market Estimates sheet (in excel)

Customization of the High-Fructose Corn Syrup (HFCS) Market Report

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1. INTRODUCTION

                1.1 Research Methodology

                1.2 Market Definition

                1.3 Report Description

2. High-Fructose Corn Syrup (HFCS) Market Overview

                2.1 Market Trend

3. High-Fructose Corn Syrup (HFCS) Market Dynamics

                3.1 Drivers

                                3.1.1 Cost-Effective Use Over Cane-Sugar in Food Processing

                                3.1.2 Global High-Fructose Corn Syrup (HFCS) is Easy to Supply and Handle

                                3.1.3 High Demand from the Food and Beverage Industry

                3.2 Restraints

                                3.2.1 Availability of Better Sweetener Options in Terms of Health

                3.3 Opportunities

                                3.3.1 Increase in HFSC Sweetened Beverages

                                3.3.2 100% Use of HFCS as Sweetener is all Major Soft Drink Industries

                3.4 Porter's Five Forces Analysis

                                3.4.1 Bargaining Power of Suppliers

                                3.4.2 Bargaining Power of Buyers

                                3.4.3 Threat of New Entrants

                                3.4.4 Threat of Substitute Products and Services

                                3.4.5 Degree of Competition

4. High-Fructose Corn Syrup (HFCS) Market Segmentation

                4.1 By Type

                                4.1.1 HFCS 42

                                4.1.2 HFCS 55

                                4.1.3 Others

                4.2 By Application

                                4.2.1 Food & Beverages

                                                4.2.1.1 Bakery

                                                4.2.1.2 Confectionery

                                                4.2.1.3 Dairy

                                                4.2.1.4 Processed Foods

                                                4.2.1.5 Beverages

                                                4.2.1.6 Others

                                4.2.2 Pharmaceutical

                                4.2.3 Others

                4.3 By Geography

                                4.3.1 North America

                                                4.3.1.1 United States

                                                4.3.1.2 Canada

                                                4.3.1.3 Mexico

                                                4.3.1.4 Rest of North America

                                4.3.2 Europe

                                                4.3.2.1 United Kingdom

                                                4.3.2.2 Germany

                                                4.3.2.3 Spain

                                                4.3.2.4 Russia

                                                4.3.2.5 Rest of Europe

                                4.3.3 Asia-Pacific

                                                4.3.3.1 China

                                                4.3.3.2 Japan

                                                4.3.3.3 Rest of Asia-Pacific

                                4.3.4 South America

                                                4.3.4.1 Brazil

                                                4.3.4.2 Argentina

                                                4.3.4.3 Rest of South America

                                4.3.5 Middle East & Africa

                                                4.3.5.1 South Africa

                                                4.3.5.2 Saudi Arabia

                                                4.3.5.3 Rest of Middle East & Africa

5. High-Fructose Corn Syrup (HFCS) Market Competitive Landscape

                5.1 Most Adopted Market Strategies

                5.2 Most Active Companies

                5.3 Market Share Analysis

6. High-Fructose Corn Syrup (HFCS) Market Company Profiles

                6.1 Tate & Lyle

                6.2 INGREDION INCORPORATED

                6.3 Archer Daniels Midland Company

                6.4 Cargill Inc.

                6.5 COFCO Rongshi Biotechnology Co., Ltd.

                6.6 Global Sweeteners Holdings Limited

                6.7 Showa Sangyo

                6.8 Kerry Group

                6.9 Corbion Purac

                6.10 Xiwang Sugar Holdings Company Limited

                6.11 Global Biochem

                6.12 JK Sucralose Inc

7. Appendix

                7.1 Sources

                7.2 Disclaimer

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