The global HFCS market was valued at USD 3083.2 million in 2015 and is expected to reach USD XX million by 2022, at an estimated CAGR of 4.0%. High-fructose corn syrup (HFCS) is a liquid sweetener which is an alternative to sucrose used in the food & beverage industry. This syrup is largely used in the developed markets as compared to the developing markets. Globally, countries with high HFCS consumption are being associated with a high prevalence of diabetes.
High-fructose corn syrup (HFCS) market share holds around 15% of the overall global food sweeteners market. The use of this syrup as an alternative to sucrose (cane sugar) is the primary factor driving the growth of the global HFCS market. It is expected that HFCS will overtake cane sugar as a sweetener in the following years, as it is cost-effective and sweeter in comparison to glucose. As a result of these qualities, the demand for HFCS is expected to intensify over the forthcoming years. However, since the number of calories present in HFCS is no less than that in sugar, its consumption might decrease among the health-conscious consumers. Moreover, the occurrence of obesity due to excessive consumption of fructose is anticipated to inhibit the HFCS market growth.
The fructose content of HFCS is generally between 42% to 55%, and hence, by type, it is segmented into HFCS 42 and HFCS 55; the remaining sugars being primarily glucose or/and higher sugars. In terms of application, the global HFCS market is segmented into food & beverages and pharmaceuticals; the food & beverage industry is sub-segmented into the bakery, dairy, beverages, confectionaries, processed foods and others.
North America is the largest consumer of caloric sweeteners in the world. The production of HFCS in North America has been primarily for the domestic market, until recent years, wherein, most of the produce has gone into exports, mostly due to the large corn availability in the region. Europe is projected as the next region anticipated for growth in the global HFCSs market. In Asia-Pacific, the market is still in the nascent stage, valued at USD 648.2 million in 2015. The regional market is slated to register a CAGR of 5.4% during 2017-2022. Japan leads the Asian countries regarding the HFCS consumption. Countries like Thailand, Indonesia, Vietnam, and the Philippines see a low penetration of HFCS, while the United States, Mexico, Japan, and the EU-27 have switched from sugar to HFCS, thus, considering it to be a cheap substitute for sugar.
HFCS has been widely adopted, as it offers advantages over granulated sucrose; for instance, it is easy to supply, has good stability and is easy to handle. The high-fructose corn syrup (HFCS) market is seeking high penetration opportunity in Asia-Pacific and South America. Some of the key players operating across the value chain of high-fructose corn syrup (HFCS) are:
Archer Daniels Midland Company
Tate & Lyle
Key Deliverables in the Study
Market analysis for the global HFCS market, with region-specific assessments and competition analysis on a comprehensive and regional scale.
Market definition along with the identification of factors instrumental in changing the market scenario and prospective opportunities.
Extensively researched competitive landscape section with profiles of major companies along with their market share.
Identification and analysis of the macro and micro factors that affect the global HFCS market on, both, global and regional scales.
A comprehensive list of the main market players, along with the analysis of their current strategic interests and vital financial information.
Insights on the major countries/regions where this industry is growing and identify the regions that are still untapped.
1.1 Research Methodology
1.2 Market Definition
1.3 Report Description
2. Market Overview
2.1 Market Trend
3. Market Dynamics
3.1.1 Cost-Effective Use Over Cane-Sugar in Food Processing
3.1.2 Global High-Fructose Corn Syrup (HFCS) is Easy to Supply and Handle
3.1.3 High Demand from the Food and Beverage Industry
3.2.1 Availability of Better Sweetener Options in Terms of Health
3.3.1 Increase in HFSC Sweetened Beverages
3.3.2 100% Use of HFCS as Sweetener is all Major Soft Drink Industries
3.4 Porter's Five Forces Analysis
3.4.1 Bargaining Power of Suppliers
3.4.2 Bargaining Power of Buyers
3.4.3 Threat of New Entrants
3.4.4 Threat of Substitute Products and Services
3.4.5 Degree of Competition
4.1 By Type
4.1.1 HFSC 42
4.1.2 HFSC 55
4.2 By Application
4.2.1 Food & Beverages
22.214.171.124 Processed Foods
4.3 By Geography
4.3.1 North America
126.96.36.199 United States
188.8.131.52 United Kingdom
4.3.4 South America
184.108.40.206 South Africa
5. Competitive Landscape
5.1 Most Adopted Market Strategies
5.2 Most Active Companies
5.3 Market Share Analysis
6. Company Profiles
6.1 Tate & Lyle
6.2 INGREDION INCORPORATED
6.3 Archer Daniels Midland Company
6.4 Cargill Inc.
6.5 COFCO Rongshi Bio-technology Co., Ltd.
6.6 Global Sweeteners Holdings Limited
6.7 Showa Sangyo
6.8 Kerry Group
6.10 Corbion Purac
6.12 Luzhou Group
6.13 The Hershey Company
6.14 Xiwang Sugar Holdings Company Limited
6.15 Global Bio-chem
6.16 JK Sucralose Inc
- Malteurop China
- Jinan Shuangmai Beer Materials Co. Ltd.
- Shanghai Nicechem Co. Ltd.
- Jiangxi Golden Agriculture Biotech Co. Ltd.
- Guangzhou Malting Company Limited
- China Agri Industries Holdings Ltd
- Barrett Burston Malting Company Wa Pty Limited.
- Conagra Holdings
- Gregory Street Pty Ltd
- Joe White Maltings
- Halcyon Proteins
- The Malt Company