North America High Fructose Corn Syrup (HFCS) Market

North America High Fructose Corn Syrup (HFCS) Market Size, Share, Growth (2023-2028)

North America High Fructose Corn Syrup (HFCS) Market is expected at USD xx. xx million in 2023 and is projected to extend an over of USD xx. xx million by 2028

North America High Fructose Corn Syrup (HFCS) Market Overview

High fructose corn syrup is primarily utilized in place of sucrose in the food and beverage industry. It is produced as a liquid sweetener from corn syrup through wet milling. HFCS is not significantly different from other glucose; fructose sweeteners include sucrose, honey, and fruit juice concentrate in terms of composition or metabolism. It is commonly made up of 42% to 55% fructose. HFCS has better stability and works well in acidic beverages available in liquid form. This ensures easy transport and handling of the HFCS. Furthermore, it makes the substance better miscible than granulated sucrose. As a result, fructose has become a more profitable alternative to glucose because it is sweeter than the latter. Due to this attribute, the use of fructose has increased dramatically in food processing. However, on the other hand, the caloric content of fructose is equivalent to sugar. Therefore, manufacturers operating in the sugar or fructose industry share similar concerns. Furthermore, the human body metabolizes fructose very differently than glucose. Therefore, the consumption of HFCS is also associated with the increasing prevalence of obesity worldwide. Some of the advantages of using HFCS include easy handling, easy supply, and good stability..

North America High Fructose Corn Syrup (HFCS) Market Drivers and Restraints:

The North America High Fructose Corn Syrup Market is experiencing substantial development due to its extensive sweetener in numerous processed foods. In addition, HFCS has more excellent stability than sucrose, works well in acidic beverages, and is often available in liquid form, making it easier to mix than granulated sucrose. These attributes of HFCS contribute to the growth of its North America High Fructose Corn Syrup (HFCS) Market. As a result, HFCS has become an alternative to granulated sugar and honey. In addition, processed food manufacturers prefer HFCS to table sugar because it helps keep food fresh, helps retain moisture in bran cereals and breakfast bars, and enhances fruit and spice flavors. These attributes of HFCS have cumulatively contributed to boosting its North America High Fructose Corn Syrup (HFCS) Market.The target market's growth is expected to be hampered by increased consumer health awareness and changes in people's living levels in developing countries. In addition, the increasing use of calorie-free sweeteners as a substitute for high fructose corn syrup, which promotes obesity, diabetes, and increased cardiovascular risk, is a crucial problem for the business, leading to growing concerns about dietary intake and sweetener usage around the world.

North America High Fructose Corn Syrup (HFCS) Market Segmentation:

Type:

• HFCS 5

• HFCS 42

The HFCS 42 segment is expected to record significant revenue growth in the target Impact of covid-19 on North America High Fructose Corn Syrup (HFCS) Market as the adoption of HFCS 42 in the food industry increases.

Application:

•    Food and beverage

•    Pharmaceuticals

•    Others

Food and beverages are divided into bakery, confectionery, dairy, processed food, and beverage. The food and beverage firm is projected to account for a large chunk of revenue and will maintain its dominance for years to come. This growth is mainly due to the growing demand for bakery and confectionery products worldwide.

Impact of covid-19 on North America High Fructose Corn Syrup (HFCS) Market

The Impact of covid-19 on North America High Fructose Corn Syrup (HFCS) Market was adversely affected by COVID-19 in early 2020. The global corona pandemic has impacted the proper functioning of high fructose corn syrup worldwide. Due to the pandemic, people prioritized health and wellness, prompting consumers to cut back on sugar, calories, salt, and carbohydrates in food and beverages. This has led food and beverage producers to introduce low-sweetener or no-sweetener products to reach consumer demand, negatively influencing the high fructose corn syrup market.
    
Regional Analysis:

• United States

• Canada

• Mexico

• the rest of North America

North America is predicted to showcase significant growth in the high fructose corn syrup market in the coming years. The Food and Drug Administration of the U.S grants HFCS Generally Recognized as Safe (GRAS) status. The United States is among the top corn producers, contributing to corn's wide availability and reliability for HFCS production. In addition, the widespread incorporation of HFCS into various ready-to-drink (RTD) beverages and the increasing trend of ready-to-drink beverages among consumers is expected to impact the growth of HFCS in the region positively.

North America High Fructose Corn Syrup (HFCS) Market Key players

1. Cargill Inc

2. Archer Daniels Midland Company

3. Global Sweeteners Holdings Limited

4. Tate & Lyle Plc, Showa Sangyo

5. Ingredion Incorporated

6. Kerry Group Plc

7. Japan Corn Starch Co., Ltd

8. Cofco Rongshi Biotechnology Co. Ltd