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Global High Fructose Corn Syrup (HFCS) Market

High fructose corn syrup is used in place of sucrose in the foods and beverages industry. It is derived as a liquid sweetener from corn syrup using a process called wet milling. High fructose corn syrup (HFCS) accounts for a share of 9% in the global sweeteners market.

HFCS is not much different from other fructose glucose sweeteners such as honey, sucrose, and fruit juice concentrates in terms of composition or metabolism. It is generally composed of 42% to 55% fructose. HFCS exhibits better stability and works well in acidic beverages that are available in liquid state. This ensures easy transport and handling of HFCS. Also it renders the substance better miscibility than granulated sucrose.

Fructose has emerged as a more cost-effective alternative to glucose, since it is sweeter than the latter. Owing to this attribute the use of fructose has significantly increased in food processing. However, on the flip side, calorie content of fructose is equivalent to sugar. Manufacturers operating in either the sugar or fructose industry therefore share similar concerns. Additionally, the human body metabolizes fructose in a much different way than it does glucose.  Thus the consumption of HFCS is also associated with the increasing prevalence of obesity worldwide.

Owing to the benefits offered over granulated sucrose, the use of HFCS has proliferated across the U.S. food industry at a robust pace.  Some of the benefits of using HFCS include: easy handling, easy to supply and good for stability. Corn is a reliable crop and is grown abundantly across the U.S., while the production of sucrose is limited. The U.S. therefore imports major supplies from sugar-growing countries. Thus the supply of essential commodities in the country is vulnerable to political and economic conditions prevalent in exporting nations. Also because of its liquid form HFCS is considered more stable for use in acidic beverages. Additionally, it is easier to handle, transport, and mix compared to granulated sucrose.

Global High Fructose Corn Syrup Market: Key Segments

Based on applications, the global market for high fructose corn syrup is bifurcated into the pharmaceutical and food and beverages industry. In the food and beverages industry, HFCS is used in baking, cereal product, dairy, canning, ice-cream, condiments, carbonated soft drinks, confections, and desserts.

Regionally, the global high-fructose corn syrup (HFCS) market is segmented into Asia Pacific excluding Japan, Eastern Europe, Latin America, Japan, North America, Middle East & Africa, and Western Europe. North America and Japan is one of the significant market place for high fructose corn syrup.

Global High Fructose Corn Syrup Market: Trends and Opportunities

Global high fructose corn syrup market is gaining impetus from the increasing demand for sweetener in the food and beverages industry. HFCS 42 has emerged as a good alternative to sugar and honey in food preparation for those who are trying to avoid sucrose due to its side effects. HFCS 42 constitutes approximately 42% fructose, while sugar has around 50% fructose, and the presence of fructose in honey is around 48%. This is a key factor driving the global HFCS market.

However, the changing lifestyle and growing health concerns among consumers of emerging nations are limiting the market’s growth to an extent. This is because high consumption of fructose is often related to the prevalence of obesity and diabetes. Hence, zero calorie sweeteners have become much popular among consumers.

Nevertheless, after being granted the “Generally Recognized as Safe” (GRAS) status by the U.S. FDA, HFCS is widely used across the U.S. food industry mainly due to the advantages it offers over granulated sucrose.

Global High Fructose Corn Syrup Market: Competitive Landscape

Some of the most prominent enterprises operating in the global high fructose corn syrup (HFCS) market are Cargill Inc., Archer Daniels Midland Company, INGREDION INCORPORATED, Tate & Lyle and others.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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High Fructose Corn Syrup Market

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