High-Fructose Corn Syrup Market Size, Share, Industry, Forecast and outlook (2024-2031)

Global High-Fructose Corn Syrup Market is Segmented By Type (HFCS-42, HFCS-55, Others), By Application (Food & Beverages, Pharmaceuticals, Animal Feed, Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031

High-Fructose Corn Syrup Market Size

Global High-Fructose Corn Syrup Market is valued at USD million in 2022 and is forecasted to reach USD million by 2031, growing at a high CAGR of  during the forecast period 2024-2031.

High-fructose corn syrup is a sweetener manufactured from cornflour. Some glucose has been converted to fructose and is used as a cheaper alternative to sucrose in commercially produced foods and soft drinks. The market for high-fructose corn syrup is divided into three categories: food and beverage, pharmaceuticals, and animal feed. Bakery, confectionery, dairy and desserts, beverages, and other food and beverage applications make up the food and beverage segment.

Source: DataM Intelligence Analysis (2021)

High-Fructose Corn Syrup Market Scope

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High-Fructose Corn Syrup Market Dynamics:

The increasing demand in the food and beverage industries is driving the market for high-fructose corn syrup

One of the primary factors driving the growth of the high fructose corn syrup market is the increase in demand for the product due to its low price, which helps lower the prices of end-products. The market is growing because of an increase in the usage of high fructose corn syrup, which has several advantages such as the ability to stay in solution, high solubility, and the ability to not crystallize like sucrose under specific conditions, as well as attractive import and export tariffs.

Furthermore, the high fructose corn syrup market is influenced positively by the growth of the food and beverage sector, changes in lifestyle, rising demand for packaged food, and increased investment by manufacturers. Furthermore, in the projected period, creating new products through considerable research and development investments provides profitable prospects for market players. The industrial sweetener high fructose corn syrup (HFCS) is used to sweeten a variety of processed foods and beverages. It's made of maize starch and is quite low-cost to produce.

The majority of HFCS is 55 percent glucose and 45 percent fructose, whereas table sugar (sucrose) is made up of 50 percent glucose and 50 percent fructose. Sugar consumption per person in the United States has risen from 4 pounds per year in 1776 to 20 pounds in 1850, 120 pounds in 1994, and now 160 pounds per year. HFCS, particularly in the form of soft drinks, is responsible for a large portion of this increase in sugar consumption

High-Fructose Corn Syrup Market Segmentation Analysis 

HFCS 42 is expected to fastest growing segment due its low sugar content

For people seeking to avoid sucrose due to its ill effects, HFCS 42 has emerged as a decent alternative to sugar and honey in meal preparation. HFCS 42 contains roughly 42 percent fructose, whereas sugar has approximately 50 percent fructose, and honey contains 48 percent fructose. This is a major driving force in the global HFCS industry. HFCS 42 is a first-generation high fructose corn syrup made by Good Food Inc. It is a flexible sweetener that can replace sugar in a 50-100 percent ratio.

Based on the application, the food &beverages segment held the highest market revenue share of XX% in 2021. In grocery stores, HFCS is not sold directly to customers. Baked goods, beverages, candies, canned and packaged meals, sauces, jams, yogurts, and other sweetened foods are the only commercial uses. Most people know that HFCS and other sugars are used to sweeten foods and beverages (sucrose and HFCS have the same sweetness). Still, many are unaware that sugars are also utilized for other purposes. HFCS is used to provide surface browning, moisture, structure, and texture in baked goods; to add body and flavor to beverages; to preserve bread, jams, and jellies; to stabilize emulsions; and add taste to other foods. While added sugars like HFCS provide the taste and mouthfeel, we've grown to anticipate from many of our favorite foods, limiting our intake of these sugars is crucial. Because of their high solubility, beverages have the biggest market share. As a result, HFCS is increasingly being used in soft drinks and juices beverages. Companies in the pharmaceuticals and nutraceuticals sectors, in addition to food and beverage makers, have shown a strong desire for HFSC.

High-Fructose Corn Syrup Market Geographical Share

North America is expected to dominate the global high-fructose corn syrup market

North America is the world's largest consumer of HFCS. The increased demand for HFCS in the United States is a primary driver of the region's market share. High-fructose corn syrup (HFCS) sweeteners are in high demand across the country, owing to their widespread use in the confectionery, bakery, and beverage industries, particularly soft drink manufacturing. HFCS 42 (used in beverages, processed foods, cereals, and baked products), HFCS 55 & HFCS 65 (used in soft drinks), and HFCS 70 (used in soft drinks) are the most widely used HFCS types in the United States (used in filling jellies). HFCS 90 has a few uses, although it's mostly used to generate HFCS when combined. In the coming years, demand is expected to be driven by the push factor from value-added and fortified food categories. Furthermore, HFCS exports from American producers have consistently increased since the early twenty-first century. According to the United States International Trade Commission, in 2017, the United States exported 73,330 MT (dry weight) of HFCS. As a result, the increase in worldwide HFCS commerce has accelerated the growth of the HFCS market in the country. with HFCS 42

Europe is the second largest region globally, manufacturing a substantial variety of products, including corn starch sweeteners. According to the European Starch Industry Association, total corn starch output from EU maize (corn) grain in Europe reached 4.42 million metric tonnes in 2018, up from 3.89 million metric tonnes in 2014. As a result of the increasing demand for corn starch sweeteners, a growing number of corn starch manufacturers are investing in the corn starch and sweeteners market worldwide to support the economy and communities of their home countries while also positioning the company for long-term growth. For example, AGRANA has invested roughly EUR 80 million in a new maize starch facility at its Aschach a der Donau site in Austria.

As a result, such large investments have resulted in a huge increase in HFCS production worldwide. According to the OECD and FAO, domestic output in the European Union increased by volume from 600,000 metric tonnes in 2017 to 675,000 million metric tons in 2019. The heavy expenditures in the HFCS market by corn starch players and notable HFCS manufacturers throughout the world have increased HFCS production. Ingredion Inc., for example, increased production capacity at its San Juan del Rio manufacturing facility in Mexico by $30 million.

Source: DataM Intelligence Analysis (2021)

High-Fructose Corn Syrup Market Competitive Landscape & Companies

The high-fructose corn syrup market is fiercely competitive, with many domestic and international firms competing for market share. Mergers, expansions, acquisitions, collaborations between companies, and new product developments are highlighted as strategic techniques leading companies to increase their brand presence among customers. Caldic Ingredients Deutschland GmbH, for example, and Cargill agreed in August 2018 to become Caldic Ingredients Deutschland GmbH, the sole distributor of Cargill's starches, sweeteners, and texturizers for food applications in Germany and Austria. The Kingdom of Saudi Arabia (KSA) built a new maize milling plant in 2018,  a joint venture between Cargill and ARASCO, to accommodate the growing demand of the region's food and beverage industry. The MEFSCO (Middle East Food Solutions Company) complex was established to service Saudi Arabia, the United Arab Emirates, Kuwait, Oman, Bahrain, Qatar, and the Gulf Cooperation Countries (GCC). The new plant will allow the joint venture to increase its glucose and starch production capacity, triple total production volume, and expand its product offering to include high fructose corn syrup to fulfill expanding demand in the region's confectionery juice, bakery, and catering sectors.

COVID-19 Impact on High-Fructose Corn Syrup Market

Negative impact on the global high-fructose corn syrup market.

The COVID-19 pandemic has put unprecedented strains on food supply networks, resulting in bottlenecks in farm labor, processing, transportation, and logistics, as well as significant demand fluctuations. The majority of these snarls result from policies enacted to stop the virus from spreading. In the face of these challenges, food supply chains have shown amazing resilience. As stockpiling behavior faded and supply networks adjusted to growing demand, grocery store shelves were restocked over time. Long lineups at the border dwindled swiftly due to efforts to remove excessive barriers. While the effects of COVID-19 are still being felt, experience has shown that an open and predictable international trading environment is critical to ensuring that fruits and vegetables can get to where they need to go. Calories from high fructose corn syrup are "empty." While it is high in calories, it is deficient in key elements. As a result, consuming HFCS lowers the total nutrient content of the diet since the more HFCS consumed, the less room there is for nutrient-dense foods. Furthermore, the demand for high-fructose corn syrup decreases due to lower nutritional content in fructose during COVID-19.

Why Purchase the Report?

• Understand the current market scenario and viability of global high-fructose corn syrup over the forecast period
• Visualize the composition of the high-fructose corn syrup in terms of type, application to identify major players, growth potential, and market strategies
• Identify the key regulations prevailing in the market and understand their impact on the market over the forecast period
• Understand the key business factors such as market competition, product pricing, new product developments, and patent filings pertaining in the market

What we offer?

• PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study
• Excel data sheet with valuable data points of the global high-fructose corn syrup market– Regional and Country level segmentation
• Product mapping in excel for the key products of all major market players
• Market Share Analysis covering business revenues ($) and revenue share (%) of key market players

The global high-fructose corn syrup market report would provide an access to approximately 55 market data tables, 45 figures and 190 pages

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