Market Overview:
The global corn syrup market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for corn syrup as a sweetener and thickener in various applications, such as food and beverage, confectionery, bakery products, pharmaceuticals, and others. In addition, rising awareness about the benefits of using corn syrup over other sugar substitutes is also contributing to the growth of this market. Based on type, high fructose corn syrup (HFCS) accounted for majority share of the global corn syrup market in 2017. HFCS is a preferred sweetener owing to its properties such as high sweetness level and low calorie content when compared with other sugar substitutes. It is also used as an additive in various processed foods for enhancing flavor profile and shelf life. Based on application, food & beverage segment dominated the global corn syrup market in 2017 with highest share due to its widespread use across various food items such as soft drinks, jams & jellies,, ice creams,, sauces,, bakery products,, etc.
Product Definition:
Corn syrup is a sugar made from cornstarch. It is a thick, clear liquid that is used as a sweetener in foods.
High Fructose Corn Syrup(HFCS):
High fructose corn syrup is a sweetener that has replaceable characteristics of sugar. It’s basically a type of corn syrup which is produced from genetically modified and patent-protected high fructose corn. The major factor that makes it suitable for use as an alternative to sugar is its price; it costs much lower than regular granulated sugar.
Light Corn Syrup:
Light corn syrup is a liquid sweetener made from corn starch. It has 40% less carbohydrates than regular corn syrup and calories as well. The product is used in various food products such as baked goods, ice creams, yogurts, condiments & dressings and many more.
Application Insights:
The market is segmented by application into thickener, sweetener, humectant and others. The corn syrup solids dominated the other applications segment in terms of revenue share in 2017. They are widely used as a thickening agent due to their low water solubility which results in less syrupy liquid when compared to HFCS or sucrose. This property makes it ideal for use as a coating or glazing agent and also allows food manufacturers to reduce the amount of sugar added during preparation of confectionery products thereby reducing costs associated therewith. Corn syrup is also used extensively as an ingredient in various baked goods such as muffins, cupcakes and cookies on account of its sweet taste which enhances the flavor profile without adding excessive calories thus making them healthier alternatives for consumers seeking low-calorie food options with similar texture and consistency.
Regional Analysis:
North America dominated the global corn syrups market in 2017. The region is expected to witness a CAGR of XX% over the forecast period, owing to increasing consumption of corn syrup in baked goods and confectionery industry as well as sports drinks and juices.
The European market for corn syrup is anticipated to be driven by rising demand from countries such as Germany, France, Italy and U.K., where it is used primarily in processed food products such as frozen desserts, yogurts, dressings & sauces along with bakery items such as pastries & muffins and donuts that are consumed on a regular basis across festivals including Easter/Passover/Shavuot (Easter Week), Christmas Eve/Christmas (St Nicholas Day), New Year’s Eve among others.
Growth Factors:
- Increasing demand for processed foods: The global population is growing and with it, the demand for processed foods. Corn syrup is a key ingredient in many processed foods, so as this market grows, so does the demand for corn syrup.
- Rising incomes in developing countries: As more people in developing countries earn higher incomes, they are able to afford more processed foods that contain corn syrup. This drives up demand for corn syrup overall.
- Technological advances: Corn syrups are used in a wide variety of products, from food to cosmetics to pharmaceuticals. As new technologies emerge and new applications are found for corn syrups, the market will continue to grow.
Scope Of The Report
Report Attributes
Report Details
Report Title
Corn Syrup Market Research Report
By Type
High Fructose Corn Syrup(HFCS), Light Corn Syrup, Dark Corn Syrup, Corn Syrup Solids
By Application
Thickener, Sweetener, Humectant
By Companies
Archer Daniels Midland Co., Cargill Incorporated, Corn Products International, Inc., Tate & Lyle, COFCO Rongshi Bio-technology Co., Ltd., Global Sweeteners Holdings Limited, Luzhou Bio-chem Technology Co., Ltd., Xiwang Sugar Holdings Company Limited, Ingredion, Grain Processing Corporation, Archer Daniels Midland Co.
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
149
Number of Tables & Figures
105
Customization Available
Yes, the report can be customized as per your need.
Global Corn Syrup Market Report Segments:
The global Corn Syrup market is segmented on the basis of:
Types
High Fructose Corn Syrup(HFCS), Light Corn Syrup, Dark Corn Syrup, Corn Syrup Solids
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Thickener, Sweetener, Humectant
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Archer Daniels Midland Co.
- Cargill Incorporated
- Corn Products International, Inc.
- Tate & Lyle
- COFCO Rongshi Bio-technology Co., Ltd.
- Global Sweeteners Holdings Limited
- Luzhou Bio-chem Technology Co., Ltd.
- Xiwang Sugar Holdings Company Limited
- Ingredion
- Grain Processing Corporation
- Archer Daniels Midland Co.
Highlights of The Corn Syrup Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- High Fructose Corn Syrup(HFCS)
- Light Corn Syrup
- Dark Corn Syrup
- Corn Syrup Solids
- By Application:
- Thickener
- Sweetener
- Humectant
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Corn Syrup Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Corn syrup is a sweetener made from cornstarch.
Some of the key players operating in the corn syrup market are Archer Daniels Midland Co., Cargill Incorporated, Corn Products International, Inc., Tate & Lyle, COFCO Rongshi Bio-technology Co., Ltd., Global Sweeteners Holdings Limited, Luzhou Bio-chem Technology Co., Ltd., Xiwang Sugar Holdings Company Limited, Ingredion, Grain Processing Corporation, Archer Daniels Midland Co..
The corn syrup market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Corn Syrup Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Corn Syrup Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Corn Syrup Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Corn Syrup Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Corn Syrup Market Size & Forecast, 2020-2028
4.5.1 Corn Syrup Market Size and Y-o-Y Growth
4.5.2 Corn Syrup Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 High Fructose Corn Syrup(HFCS)
5.2.2 Light Corn Syrup
5.2.3 Dark Corn Syrup
5.2.4 Corn Syrup Solids
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Thickener
6.2.2 Sweetener
6.2.3 Humectant
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Corn Syrup Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Corn Syrup Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 High Fructose Corn Syrup(HFCS)
9.6.2 Light Corn Syrup
9.6.3 Dark Corn Syrup
9.6.4 Corn Syrup Solids
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Thickener
9.10.2 Sweetener
9.10.3 Humectant
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 High Fructose Corn Syrup(HFCS)
10.6.2 Light Corn Syrup
10.6.3 Dark Corn Syrup
10.6.4 Corn Syrup Solids
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Thickener
10.10.2 Sweetener
10.10.3 Humectant
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 High Fructose Corn Syrup(HFCS)
11.6.2 Light Corn Syrup
11.6.3 Dark Corn Syrup
11.6.4 Corn Syrup Solids
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Thickener
11.10.2 Sweetener
11.10.3 Humectant
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 High Fructose Corn Syrup(HFCS)
12.6.2 Light Corn Syrup
12.6.3 Dark Corn Syrup
12.6.4 Corn Syrup Solids
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Thickener
12.10.2 Sweetener
12.10.3 Humectant
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 High Fructose Corn Syrup(HFCS)
13.6.2 Light Corn Syrup
13.6.3 Dark Corn Syrup
13.6.4 Corn Syrup Solids
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Thickener
13.10.2 Sweetener
13.10.3 Humectant
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Corn Syrup Market: Competitive Dashboard
14.2 Global Corn Syrup Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Archer Daniels Midland Co.
14.3.2 Cargill Incorporated
14.3.3 Corn Products International, Inc.
14.3.4 Tate & Lyle
14.3.5 COFCO Rongshi Bio-technology Co., Ltd.
14.3.6 Global Sweeteners Holdings Limited
14.3.7 Luzhou Bio-chem Technology Co., Ltd.
14.3.8 Xiwang Sugar Holdings Company Limited
14.3.9 Ingredion
14.3.10 Grain Processing Corporation
14.3.11 Archer Daniels Midland Co.
