Market Size in 2021 | Market Forecast in 2028 | CAGR (in %) | Base Year |
---|---|---|---|
USD 8,920.5 Million | USD 9754 Million | 1.5% | 2021 |
FrequentlyAsked Questions
Increasing demand from the beverages industry and rising use in packaged bakery products are major trends that guide high fructose corn syrup (HFCS) market growth.
According to the Market Research report, the global high fructose corn syrup (HFCS) market was worth about US$ 8,920.5 million in 2021 and is predicted to grow to around US$ 9754 million by 2028, with a compound annual growth rate (CAGR) of around 1.5 percent.
The North America region leads the global high fructose corn syrup (HFCS) market in terms of revenue and volume share. High use of high fructose corn syrup (HFCS) in packaged foods and assorted foods is expected to be the major trend driving growth in the North America
Some of the main competitors dominating the global high fructose corn syrup (HFCS) market include -- Japan Corn Starch Co., Archer Daniels Midland Company, Cargill, Incorporated, Tate & Lyle PLC, Showa Sangyo Co, Ltd., Global Sweeteners Holding Limited, COFCO International, Kerry Group Plc, Ingredion Incorporated, Roquette
Corn starch is the starting point for the production of the sweetener known as high fructose corn syrup (HFCS). The production of this substance begins with the hydrolysis of maize starch, which results in the formation of glucose. Enzymes are then utilized to convert a portion of glucose into fructose. Following this step, the resultant syrup is combined with unadulterated corn syrup to produce a sweetener that contains around 55% fructose and 45% glucose.
It is normal practice to utilize high fructose corn syrup (HFCS) as a sweetener in a wide variety of processed foods and beverages, such as carbonated beverages, baked goods, candy, and sauces. In recent years, it has been a contentious ingredient due to the fact that a number of studies have revealed a connection between high levels of consumption of HFCS and an increased risk of obesity, diabetes, and other health concerns. On the other hand, several research has not been successful in establishing a definitive connection between HFCS and the aforementioned health problems.
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