Global High Fructose Corn Syrup Market

Global High Fructose Corn Syrup Market Segmented By
Trends and Forecast to 2025
High-fructose corn syrup (HFCS), also known as glucose-fructose is a
sweetener made manufactured from corn starch processed by glucose isomerase
to convert some of its glucose into fructose. The sweetener is widely used in
food industry a replacement for sucrose. Production quotas of domestic sugar,
import tariff on foreign sugar, and subsidies of U.S. corn are some of the factors
responsible for increasing demand for HFCS. Moreover, raise in the price of
sucrose compared to HFCS also contributes to high usage of HFCS. HFCS is
used most commonly in soft drinks and is the primary ingredient in most brands
of commercial pancake syrups.
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The manufacturing process of HFCS is easier to handle and more cost-effective
than table sugar. The U.S Food and Drug Administration has determined HFCS
as a safe ingredient for food and beverage manufacturing. However, rise in
consumption of low calorie foods and beverage items is one of the major factors
restraining the growth of the market at present. Moreover, excess consumption
of added sugar in any form, including HFCS, can pose several negative effects
on human health such as obesity, which is another major factor responsible for
the slowdown of the high fructose corn syrup market.
HFCS 42 is the most widely used type with a market share of 42.01% in 2016,
and is expected to lead the market throughout the forecast period followed by
HFCS 55. It signifies that the syrup is made of 42% or 55% fructose, while the
remaining sugars being glucose. According to the United States Department of
Agriculture (USDA), around 90% of HFCS that is produced in the U.S is sold to
the beverage industry.
The beverage industry was the major end user of high fructose corn syrup in
2016 and is expected to retain market dominance throughout the forecast period.
According to Coherent Market Insights, approximately two-third of the high
fructose corn syrup consumed in the U.S. is in the form of beverages.
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North America was the leading region in the global high fructose corn syrup market in 2016, with a revenue of US$ 1.70 billion in the same year, and it expected to retain its supremacy throughout the forecast period.

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