increasing demand for sugar-free and low-calorie diets is driving the High-Fructose Corn Syrup Market

Latest News:- High-Fructose Corn Syrup Market: Food and beverage is expected to lead the Application segment during 2024-2028

Technavio analyzes that the High-Fructose Corn Syrup Market is expected to grow at a CAGR of 2.3% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 782.7 million.There are various factors that contribute to the growth of the market. The High-Fructose Corn Syrup (HFCS) market is experiencing significant growth due to the increasing preference for sugar-free and low-calorie food and beverage options. Consumers are increasingly seeking healthier alternatives, leading to a surge in demand for HFCS as a sweetener in various food and beverage applications. This trend is particularly prominent in regions with a high awareness of health and wellness, such as North America and Europe. Furthermore, the affordability and versatility of HFCS make it a popular choice among manufacturers, contributing to its widespread use in various industries. However, concerns regarding the health implications of HFCS consumption continue to persist, which may impact market growth in the long term.

High-Fructose Corn Syrup (HFCS) is a sweetener derived from corn kernels through a process involving high-velocity spinning and enzymatic conversion into a thick, liquid syrup. This cost-effective alternative to sugar is extensively used in the food and beverage industry, particularly in processed foods and beverages. The end-user segments include bakery products, confectionery, carbonated drinks, and preservatives. HFCS extends the shelf life of foods, enhances texture, and provides superior water control in various applications, such as frozen foods, baked goods, yogurts, canned and packaged foods, candies, and beverages. Corn starch manufacturers are significant producers of HFCS, catering to the demands of the food industry. 

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High-Fructose Corn Syrup Market Segmentation

• Application
  • Food and beverage
  • Apiculture and pharmaceutical
• Geography
  • North America
  • APAC
  • Europe
  • Middle East and Africa
  • South America

Top Performing Companies

As per our research findings, here are some of the key competitors that are leading the industry

• Archer Daniels Midland Co.
• Cargill Inc.
• COFCO Corp.
• Daesang Corp.
• Gateway Food Products
• Global Bio chem Technology Group Co. Ltd.
• Gulshan Polyols Ltd.
• HL Agro Products Pvt. Ltd.
• Ingredion Inc.
• Kasyap Sweetners Ltd.
• Kerry Group Plc
• Phywon System Ingredient Sdn. Bhd.
• Roquette Freres SA
• Sudzucker AG
• Tate and Lyle PLC

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Research Analysis Overview

High-Fructose Corn Syrup (HFCS) is a liquid sweetener derived from corn starch, containing glucose and fructose molecules. Its sweetness is similar to sucrose but raises health concerns due to high fructose content. Associated with obesity, diabetes, and metabolic syndrome, HFCS is used extensively in food and beverages for its humectant, preservative, and excipient benefits. As a bulk sweetener, it's found in processed foods, confectionery, baked goods, carbonated drinks, and carbonated soft drinks. Corn subsidies contribute to its affordability, making it a common carbohydrate source in the food industry.

Market Research Overview

The High-Fructose Corn Syrup (HFCS) market encompasses businesses engaged in the production and supply of this liquid sweetener derived from corn starch and its glucose and fructose components. HFCS's sweetness makes it a popular choice in the food and beverage industry, despite concerns regarding its potential contribution to obesity, diabetes, and metabolic syndrome. Technavio's market analysis calculates the size of the global HFCS market based on the consolidated revenue of key industry players. This market assessment excludes manufacturers of food processing equipment and those producing packaged alcoholic and non-alcoholic beverages, including mineral waters. The market's expansion will be fueled by the increasing consumer preference for minimally processed foods, which offer health benefits such as rich nutrient content in potassium, dietary fiber, folate, vitamin A, and vitamin C.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

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Technavio Research
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