Corn Syrup Solids: Market Outlook
Corn syrup solids have a high demand in confectionaries because of elevated level of fructose present in corn syrup which can be used as a sweetener compound. Corn syrup solids are made from starch of corn which is undergone a procedure in which almost 97% of water from liquid corn syrup is removed. Factors like new product modernization and expansion of machinery and tools in food and beverages industry, encouraging government policies in the food industry, rise in restaurant and coffeehouses in the developing countries, and also increasing people consciousness and changing lifestyle are driving the global corn syrup solids market.
Compared to sucrose corn syrup solid is comparatively has improved capability to not crystallize like sucrose hence is also used in soft drink formulations. Additionally, the human body metabolizes fructose in a much different way.
Rising benefits of fructose over sucrose
The dominating benefits of fructose over sucrose has escalated the use of corn syrup solids across the North America food industry at a robust pace as it is easily handled and supplied and also it is obtained from corn which is a reliable crop as it is grown in abundance whereas production of sucrose is restricted.
Global corn syrup solid market is rapidly increasing because of increasing demand for sweetener in food and beverage industry. Corn syrup is a good alternative to honey or sugar when used in food preparations and is also beneficial for the consumers who are avoiding sucrose because of its side effects. Corn syrup consists of 42%-45% fructose while sugar has around 50%-55% fructose this is the key factor which is driving the corn syrup solids market.
Corn Syrup Solids: Market Segmentation
On the basis of product type, the global corn syrup solid market can be segmented as-
- Corn Syrup Solid
- Low Calorie Corn Syrup Solid
- Corn Syrup Solid Maltodextrin
On the basis of type, the global corn syrup solid market can be segmented as-
- Light Corn Syrup Solid
- Dark Corn Syrup Solid
On the basis of application, the global corn syrup solid market can be segmented as-
- Personal Use
- Food and Beverages
- Processed Food
- Convenience Stores
Global Corn Syrup Solid Market: Key Players
Major companies dominating the global corn syrup solids market are Grain Processing Corporation, Sausage Maker, Henan Feitian Agricultural Development Stock Co. Ltd, Shan Dong Tian Jiao Biotech Co. Ltd., Ingredion Mexico S.A., Great American Spice Co., Tate & Lyle, Corn Products International, Inc., Cargill Incorporated, Archer Daniels Midland Co., Karo Syrups.
Opportunities for Global Corn Syrup Solid Market
North America which is driven by U.S. and Canada has the major share for global corn syrup solid market in terms of revenue because of elevated demand for confectionary food in this region and mounting awareness towards enhancing food taste and presence of large companies in this region. Europe is anticipated as the next region projected for growth in the global corn syrup solid market. In Asia-Pacific, the market is still in the growing stage. Japan leads the Asian countries concerning the corn syrup solid consumption.
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