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 High Fructose Corn Syrup market research, which MMR Maximise Market Research has released, presents in-depth analysis of the High Fructose Corn Syrup market and predicts profitable growth for the market's providers by 2029. Since 2017, MMR has provided services to about 600 clients worldwide. Following the analysis of the Covid lockout in the research, the market's influence is expected, and despite the current state of the economy's recession, the market is displaying an increasing trend.
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Market Scope
The High Fructose Corn Syrup market research includes important information that shows the lucrative industry expansion. The market is anticipated to increase by 2029 as a result of the industry participants' major efforts. The cost structures and development ambitions and objectives of the major companies are provided in the report. The reports include information on market size, present and expected trends, market share, opportunities, threats, and risks, as well as information on new market entrants. The MMR research on the High Fructose Corn Syrup market can assist new entrants in understanding the latest trends, opportunities, and difficulties facing the sector. The research analysts and industry professionals used a variety of approaches to study the High Fructose Corn Syrup market in order to identify its advantages, disadvantages, opportunities, and threats.
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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 study thoroughly examines the High Fructose Corn Syrup market and divides it into geographic segments. This clear identification of market trends, constraints, and fresh development opportunities results from the report's evaluation of the market in various regions on a local as well as a country-by-country basis. The new entrants can target the actual High Fructose Corn Syrup market audience by having a thorough understanding of local and regional customer behaviour.
Key Questions answered in the High Fructose Corn Syrup Market Report are:
Key offerings:
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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Mar 11, 2023