High-Fructose Corn Syrup Market by Application and Geography - Forecast and Analysis 2022-2026

The high-fructose corn syrup market share is expected to increase by USD 1.13 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 3.27%.

The high-fructose corn syrup market has been broadly categorized into the following demographic segmentations: 

• Application - Food and beverage and apiculture and pharmaceutical 
• Geography - North America, APAC, Europe, Middle East and Africa, and South America

The high-fructose corn syrup market report offers information on several market vendors, including 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, Showa Sangyo Co. Ltd., Sudzucker AG, and Tate and Lyle Plc among others.

One of the key highlights of the high-fructose corn syrup market research report is the post COVID-19 impact analysis on the market, which will help companies evaluate their business approaches for the forecast period.

What will the High-Fructose Corn Syrup Market Size be During the Forecast Period?

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High-Fructose Corn Syrup Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a positive impact on the market growth during and post COVID-19 era. The increasing demand for sugar-free and low-calorie diets is notably driving the high-fructose corn syrup market growth, although factors such as growing health concerns about diabetes and obesity may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the high-fructose corn syrup industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key High-Fructose Corn Syrup Market Driver

The increasing demand for sugar-free and low-calorie diets is one of the key drivers supporting the high-fructose corn syrup market growth. Gluten sensitivity is found to aggravate digestive issues, cause inflammation of the small intestine, lead to attention deficit hyperactivity disorder (ADHD), and mitigate healthy brain function. However, no cure has been developed for celiac disease so far, and the only way to avoid it is to switch to a gluten-free diet. Therefore, some consumers have started avoiding foods containing gluten. Moreover, zero-calorie or low-calorie sweeteners are quite popular among consumers. These sweeteners include natural sweeteners such as HFCS, which regulate sugar levels in the human body. This factor will drive the high-fructose corn syrup (HFCS) market growth during the forecast period.

Key High-Fructose Corn Syrup Market Trend

Clean labeling is one of the key high-fructose corn syrup market trends contributing to the market growth. The purchasing decision of consumers mainly depends on the country of origin. For instance, US consumers perceive that foods packed in the US and Canada are safer to consume than those from other regions based on freshness, taste, and food safety. Country-of-origin labeling (COOL) in the US introduced labeling of products to keep consumers informed and make better purchasing decisions. The US government has repealed the proceeding of COOL in regions such as Canada and Mexico as these regions have claimed that the law discriminates against their producers. Moreover, an increasing number of new product launches by regional vendors in the region will support the growth of the high-fructose corn syrup market during the forecast period.

Key High-Fructose Corn Syrup Market Challenge

Growing health concerns about diabetes and obesity is one of the factors hindering the high-fructose corn syrup market growth. In today's generation, the rate of obesity is skyrocketing across the globe due to the presence of unhealthy ingredients in food products. However, the increased use of HFCS in various baked goods and condiments has been found to cause obesity and diabetes in consumers. Although HFCS is known as a versatile ingredient in processed foods and beverages, the consistent use of HFCS has been associated with increased insulin resistance and the production of triglycerides in the body. Furthermore, it also contributes to a high caloric intake and results in an unhealthy increase in body weight. Thus, such health concerns will limit the high-fructose corn syrup market growth in the coming years.

This high-fructose corn syrup market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global high fructose corn syrup market as a part of the global packaged foods and meats market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the high-fructose corn syrup market during the forecast period.

Who are the Major High-Fructose Corn Syrup Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

• 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
• Showa Sangyo Co. Ltd.
• Sudzucker AG
• Tate and Lyle Plc

 

This statistical study of the high-fructose corn syrup market encompasses successful business strategies deployed by the key vendors. The high-fructose corn syrup market is concentrated and the vendors are deploying growth strategies such as changing trends and consumer preferences and investing significantly in R&D to compete in the market.

Product Insights and News

• Archer Daniels Midland Co. - The nutrition segment focuses on the manufacturing, sale, and distribution of specialty products, including natural flavor ingredients, flavor systems, natural colors, soluble fibers, proteins, emulsifiers, hydrocolloids, polyols, natural health and nutrition products, and other specialty food and feed ingredients. It also includes activities related to the procurement, processing, and distribution of edible beans.  
• Archer Daniels Midland Co. - The company offers high-fructose corn syrup which is used in beverages, baked goods, dairy, confectionery, sauces and dressings, and many more. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The high-fructose corn syrup market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

High-Fructose Corn Syrup Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the high-fructose corn syrup market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for High-Fructose Corn Syrup Market?

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42% of the market's growth will originate from North America during the forecast period. The US and Canada are the key markets for high-fructose corn syrup market in North America. Market growth in this region will be slower than the growth of the market in Europe.

The demand for beverages, confectioneries, and baked goods is quite high, which will facilitate the high-fructose corn syrup market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The high-fructose corn syrup market in the region was hindered by the increasing spread of COVID-19 and the associated lockdowns in 2020.  However, in 2021, following the COVID-19 vaccination program, manufacturing and supply chains gradually resumed back to normal. Due to the resumption of normal business activities and the lifting of lockdown restrictions, the sales of HFCS increased in North America, and the regional HFCS market will grow during the forecast period.

What are the Revenue-generating Application Segments in the High-Fructose Corn Syrup Market?

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The high-fructose corn syrup market share growth by the food and beverage segment will be significant during the forecast period. The food and beverage industry accounts for the largest end-user segment of high fructose corn syrup. HFCS provides superior water control in frozen foods such as ice creams, confections, frozen baked goods, and juices. They control moisture migration and ice crystal growth in products stored in freezers and therefore minimize water/ice separation and fruit tissue damage. As consumers are gradually moving toward healthier alternatives to snacks, the demand for healthy foods is increasing. These factors will drive the segment growth during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the high-fructose corn syrup market size and actionable market insights on post COVID-19 impact on each segment.

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High-Fructose Corn Syrup Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 3.27%
Market growth 2022-2026	$ 1.13 billion
Market structure	Concentrated
YoY growth (%)	2.28
Regional analysis	North America, APAC, Europe, Middle East and Africa, and South America
Performing market contribution	North America at 42%
Key consumer countries	US, Canada, China, Germany, and UK
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	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, Showa Sangyo Co. Ltd., Sudzucker AG, and Tate and Lyle Plc
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this High-Fructose Corn Syrup Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive high-fructose corn syrup market growth during the next five years
• Precise estimation of the high-fructose corn syrup market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the high-fructose corn syrup industry across North America, APAC, Europe, Middle East and Africa, and South America
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of high-fructose corn syrup market vendors

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