The High Fructose Corn Syrup Market is forecasted to grow at a CAGR of 4.56% over the forecast period, thanks to the increasing demand for sweetener. High fructose corn syrup accounts for a share of 9.5% in the global sweeteners market.
Market Overview
The globally recognised market intelligence and business consulting firm has published a report on The High Fructose Corn Syrup market. The report consists of the description of key players and the most successful marketing tactics and strategies used by them and the analysis of the key drivers of the The High Fructose Corn Syrup market. A high end analysis of the important market sectors and opportunities in the market is included in the report.
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Market Scope
The research looks at the forecasted data, revenues generated and the major events in the High Fructose Corn Syrup market. Leading analysts and industry specialists have scrutinised the data and the results. It also focuses on the key methods used by the well-known The High Fructose Corn Syrup sector firms. The report identifies the future key trends that would influence the demand throughout the projected period. The research includes the micro and macro variables of the market and gives the factors that are propelling the The High Fructose Corn Syrup market growth and impeding the High Fructose Corn Syrup market growth. Using analogical methodologies gives a good perspectives and deep insights of the market.
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Segmentation:
Based on the type segment: The high fructose corn syrup market is further sub-segmented into HFCS 42, HFCS 55, and Others. Among these, the HFCS 42 is held the market share of 42.05 percent in 2022, and it is expected to continue to lead the market during the forecast period, followed by HFCS 55. It denotes that the syrup contains 42 percent or 55 percent fructose, with glucose as the remaining sugar. According to the USDA, almost 90% of HFCS produced in the United States is marketed to the beverage industry.
In terms of application segment: The high fructose corn syrup market is further sub-segmented into food & beverage, pharmaceutical, and others. Among these, food & beverage held the largest market share of the global market in 2022 and is expected to grow at a CAGR of 3.85%. The growing demand for energy drinks, as well as increased awareness about the usage of natural ingredients, may be to blame. The use of artificial sweeteners in beverage manufacturing is causing increasing concern. Consumer preferences for ready-to-eat meals and convenience foods, as well as the development of healthy variations of existing beverage items, are expected to drive increasing consumption rates over the forecast period (2023-2029). Also, companies are widely investing in advertising and brand awareness initiatives in response to the increased demand for fat-free, sugar-free, and low-sugar confectionery items, which is expected to support the HFCS industry.
Key Players:
• 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
• Roquette Frères
• DAESANG Corporation
• HUNGRANA KFT.
• Baolingbao Biology Co., Ltd.
• Sinofi Ingredients
• Kasyap
• Others
Regional Analysis
The regional analysis is provided in the MMR’s The High Fructose Corn Syrup market report which gives the in depth analysis of the The High Fructose Corn Syrup market specific region wise. Every region has different factors like political, geographic and economic, etc. which affects the market. Government’s local and regional developments plans also have diverse effects on the performance of the market. Each regions market is researched in depth for discovering the The High Fructose Corn Syrup market trends constraints and growth potential.
Key Questions answered in the The High Fructose Corn Syrup Market Report are:
Key offerings:
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Mar 09, 2023