High Fructose Corn Syrup Market size is valued at $ 479m by 2019 and is anticipated to grow at a CAGR of 5.10% during the forecast period 2020-2025. The High Fructose Corn Syrup Market growth rate is attributed to the fact that it is widely used in food industry a replacement for sucrose coupled with increasing demand for soft drinks, carbohydrate drinks, jams, confectionery products, dairy products as a diet food. 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. It is derived as a liquid sweetener from corn syrup using a process called wet milling.
North America dominated the High Fructose Corn Syrup Market with a share of 39% in the year 2019.
The factors such as growing applications of high-fructose corn syrup, development of organic sweeteners, wide usage across the food and beverages, healthcare, pharmaceutical, personal care products, and other sectors are amongst the major factor projected to impel growth of High Fructose Corn Syrup Market.
Growing consumer demand for nutritional snack bars and healthy baked goods coupled with rising technological innovation in the food processing sector, growing demand for products containing low-calorie sweeteners derived from natural ingredients coupled with the rising awareness among the population regarding the adverse effects of excessive sugar consumption are the key factors owing to the growth in the segment during forecast period 2020-2025.
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Drivers – High Fructose Corn Syrup Market
Rising demand for cost-effective sweeteners
With the rise in demand of various ready-to-eat food & beverage products, there has been a growing concern regarding the usage of artificial sweeteners in the manufacturing of various food & beverages products. Also, with increasing demand for sweeteners owing to a surge of food & beverages industry cost-effective benefits of the product when used as a sugar substitute as compared to conventional sugar can be considered as a High Fructose Corn Syrup key driver of the market.
High Fructose Corn Syrup Market top 10 companies are 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, COFCO Rongshi Bio-technology Co. Ltd, Roquette Frères and others.
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