High-fructose corn syrup (HFCS), also known as glucose-fructose is a sweetener made manufactured from corn starch processed by glucose isomerase to convert some of its glucose into fructose. The sweetener is widely used in food industry a replacement for sucrose. Production quotas of domestic sugar, import tariff on foreign sugar, and subsidies of U.S. corn are some of the factors responsible for increasing demand for HFCS. Moreover, raise in the price of sucrose compared to HFCS also contributes to high usage of HFCS. HFCS is used most commonly in soft drinks and is the primary ingredient in most brands of commercial pancake syrups.
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The manufacturing process of HFCS is easier to handle and more cost-effective than table sugar. The U.S Food and Drug Administration has determined HFCS as a safe ingredient for food and beverage manufacturing. However, rise in consumption of low calorie foods and beverage items is one of the major factors restraining the growth of the market at present. Moreover, excess consumption of added sugar in any form, including HFCS, can pose several negative effects on human health such as obesity, which is another major factor responsible for the slowdown of the high fructose corn syrup market.
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
Some of the key strategies adopted by these companies include extensive research and development activities, tactical mergers and acquisitions, joint ventures and partnerships and geographical expansions among others. In 2017, Japan Corn Starch Co. Ltd. successfully developed a new product, “HFCS 70”. This product maintains the body equal to fructose glucose liquid sugar used in many soft drinks.
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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Key features of the study:
- This report provides in-depth analysis of the high fructose corn syrup market, market size (US$ Mn), and Cumulative Annual Growth Rate (CAGR %) for the forecast period (2017 – 2025).
- It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market. It provides valuable insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading players.
- It profiles leading players in the global high fructose corn syrup market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, key developments, and future plans.
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions with respect to their future product launch, market expansion, and marketing tactics.
- The global high fructose corn syrup market report caters to various stakeholders in this industry, including investors, product developers, distributors, high fructose corn syrup companies, research institutes, new entrants, and financial analysts.
- Stakeholders would greatly benefit in decision-making through the various strategy matrices used in analyzing the high fructose corn syrup market.
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