High fructose corn syrup is often called cane sugar, corn sweetener, glucose syrup, or cane sugar, and is a sweetening agent made with corn starch. Unlike regular sugar, high fructose corn syrup is broken into sugar before being absorbed by the body. As in the production of ordinary corn syrup, the sugar is broken down to glucose by digestive enzymes. This simple process provides glucose to cells in the body that need it. However, due to the lack of calories and other nutrients in regular sugar, this type of sugar is not as readily absorbed as other sugar types.
Rising demand for sweeteners in the food and beverage industry is expected to drive growth of the global high fructose corn syrup market during the forecast period. In the food and beverage industry, high fructose corn syrup is mainly used as a sweetener, typically in cereal products, dairy, baking, canning, condiments, ice-creams, carbonated soft drinks, and confections & desserts. Generally, HFCS has been compared to granulated sugar as a sweetener. However, HFCS is easier to handle and more cost-effective. Furthermore, HFCS 55 is usually used in the production of soft drinks while HFCS is used in breakfast cereals and processed foods. The demand for confectionery and processed food is increasing rapidly in both developed and emerging economies, which in turn, is boosting the consumption of high fructose corn syrup. Thus, these factors are expected to drive growth of the global high fructose corn syrup market during the forecast period. Moreover, easy logistics and handling of HFCS are expected to boost the global high fructose corn syrup market growth over the forecast period.
However, rising concerns over diet intake combined with reduced intake of sweetened products globally and rising adoption of zero-calorie substitutes are expected to hamper the global high fructose corn syrup market growth over the forecast period. Among regions, North America is expected to witness significant growth in the global high fructose corn syrup market during the forecast period High Fructose Corn Syrup. This is owing to rising production of HFCS in the region. According to the U.S. Department of Agriculture, the U.S. exported over 1.24 million metric ton of HFCS in 2017, increasing from 1.121 million metric ton in 2016.
Key players involved in the global high fructose corn syrup market are Cargill Inc., COFCO International, Tate & Lyle, Kerry Group Plc, Archer Daniels Midland Company, Japan Corn Starch Co., Ingredion Incorporated, and Global Sweeteners Holdings Limited.
For instance, in April 2020, Ingredion Inc., a U.S.-based manufacturer of high fructose corn syrup, acquired a 75% stake in PureCircle Ltd.’s stevia company.
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