Market Overview:
The global HFCS 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 factors such as rising demand for convenience foods, changing lifestyles, and increasing disposable income. In terms of type, the HFCS-42 segment is expected to lead the market during the forecast period owing to its high demand from beverage manufacturers. In terms of application, beverages are expected to account for the largest share of the global HFCS market during the forecast period. This can be attributed to rising demand for carbonated drinks and other flavored beverages across regions.
Product Definition:
HFCS is a high fructose corn syrup. It is important because it is cheaper to produce than regular sugar and it tastes sweeter, so food companies use it in many processed foods.
HFCS-42:
It is primarily used in the production of HFCs (Perfluorocarbons). HFCS-42 has been identified by ECHA as a substance of high concern due to its potential to cause human cancer.
HFCS-55:
HFCS-55 is a type of fructose syrup that has 55% of fructose content in it. It is primarily used as a sweetener for fruit drinks and soft drinks. HFCS-55 also finds its usage in bakery products, confectionery, dairy products, and nonalcoholic beverages industries.
Application Insights:
Beverages was the dominant application segment and accounted for over 60% of global market share in terms of value as well as volume in 2017. Rising demand for carbonated soft drinks (CSD) beverages such as Coca-Cola, PepsiCo., and The Coca-Cola Company among others is expected to remain a key driving factor over the forecast period.
The baked foods segment is anticipated to grow at a CAGR of XX% from 2018 to 2030 owing to increasing consumption of baked goods products such as bread, muffins, cookies which contain HFCS among other sweeteners. Increasing consumer awareness regarding sugar intake is expected to result in increased use of low or no-calorie sweeteners which will fuel market growth over the forecast period.
Regional Analysis:
North America was the largest regional market in 2017 owing to high demand from beverage industry. The region is projected to maintain its dominance over the forecast period due to increasing consumption of packaged beverages, such as juices, sports drinks and carbonated soft drinks. Asia Pacific is expected to be one of the fastest-growing regions with a CAGR exceeding 5% during the forecast years on account of rising product demand from countries like India and China. Moreover, growing population coupled with rising disposable income will drive product consumption in this region.
The European market also accounted for a significant share in terms of volume consumed followed by North America owing to early adoption by many industries including food & beverage sector which has been using HFCS since 2005 for their products including baked goods, dairy desserts and beverages such as frozen fruit juices and iced tea sweeteners etc.).
Growth Factors:
- Increasing demand for convenience foods: The growing demand for convenience foods is one of the key growth drivers for the global HFCS market. Convenience foods are those that can be easily prepared and consumed, without any major preparation time or effort. This segment of the food industry is witnessing a high growth rate, as consumers are increasingly looking for products that can save them time and effort in the kitchen.
- Rising disposable income levels: Another key driver for the global HFCS market is rising disposable income levels across regions. With more money to spend, consumers are increasingly looking to purchase premium and value-added products, including processed foods that contain HFCS as an ingredient.
- Growing population: The growing population is another key factor driving demand for processed foods and beverages containing HFCS worldwide. As populations continue to grow in developing countries, especially in Asia Pacific and Latin America, there will be a corresponding increase in demand for these types of products.
Scope Of The Report
Report Attributes
Report Details
Report Title
HFCS Market Research Report
By Type
HFCS-42, HFCS-55, Others
By Application
Beverages, Baked Foods, Dairy & Desserts, Others
By Companies
ADM, Cargill, Tate & Lyle, Ingredion Incorporated, Roquette, Daesang, Showa Sangyo, Hungrana, COFCO Group, Xiangchi, Baolingbao
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
239
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global HFCS Market Report Segments:
The global HFCS market is segmented on the basis of:
Types
HFCS-42, HFCS-55, Others
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
Beverages, Baked Foods, Dairy & Desserts, Others
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:
- ADM
- Cargill
- Tate & Lyle
- Ingredion Incorporated
- Roquette
- Daesang
- Showa Sangyo
- Hungrana
- COFCO Group
- Xiangchi
- Baolingbao
Highlights of The HFCS 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:
- HFCS-42
- HFCS-55
- Others
- By Application:
- Beverages
- Baked Foods
- Dairy & Desserts
- Others
- 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 HFCS 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
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
HFCS is a type of sugar that is made from corn. It has been in use for many years and is found in many foods.
Some of the major companies in the hfcs market are ADM, Cargill, Tate & Lyle, Ingredion Incorporated, Roquette, Daesang, Showa Sangyo, Hungrana, COFCO Group, Xiangchi, Baolingbao.
The hfcs market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. HFCS Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. HFCS Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. HFCS Market - Supply Chain
4.5. Global HFCS Market Forecast
4.5.1. HFCS Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. HFCS Market Size (000 Units) and Y-o-Y Growth
4.5.3. HFCS Market Absolute $ Opportunity
5. Global HFCS Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. HFCS Market Size and Volume Forecast by Type
5.3.1. HFCS-42
5.3.2. HFCS-55
5.3.3. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global HFCS Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. HFCS Market Size and Volume Forecast by Application
6.3.1. Beverages
6.3.2. Baked Foods
6.3.3. Dairy & Desserts
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global HFCS Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. HFCS Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global HFCS Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. HFCS Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global HFCS Demand Share Forecast, 2019-2029
9. North America HFCS Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America HFCS Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America HFCS Market Size and Volume Forecast by Application
9.4.1. Beverages
9.4.2. Baked Foods
9.4.3. Dairy & Desserts
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America HFCS Market Size and Volume Forecast by Type
9.7.1. HFCS-42
9.7.2. HFCS-55
9.7.3. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America HFCS Demand Share Forecast, 2019-2029
10. Latin America HFCS Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America HFCS Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America HFCS Market Size and Volume Forecast by Application
10.4.1. Beverages
10.4.2. Baked Foods
10.4.3. Dairy & Desserts
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America HFCS Market Size and Volume Forecast by Type
10.7.1. HFCS-42
10.7.2. HFCS-55
10.7.3. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America HFCS Demand Share Forecast, 2019-2029
11. Europe HFCS Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe HFCS Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe HFCS Market Size and Volume Forecast by Application
11.4.1. Beverages
11.4.2. Baked Foods
11.4.3. Dairy & Desserts
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe HFCS Market Size and Volume Forecast by Type
11.7.1. HFCS-42
11.7.2. HFCS-55
11.7.3. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. B Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe HFCS Demand Share, 2019-2029
12. Asia Pacific HFCS Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific HFCS Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific HFCS Market Size and Volume Forecast by Application
12.4.1. Beverages
12.4.2. Baked Foods
12.4.3. Dairy & Desserts
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific HFCS Market Size and Volume Forecast by Type
12.7.1. HFCS-42
12.7.2. HFCS-55
12.7.3. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific HFCS Demand Share, 2019-2029
13. Middle East & Africa HFCS Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa HFCS Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa HFCS Market Size and Volume Forecast by Application
13.4.1. Beverages
13.4.2. Baked Foods
13.4.3. Dairy & Desserts
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa HFCS Market Size and Volume Forecast by Type
13.7.1. HFCS-42
13.7.2. HFCS-55
13.7.3. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa HFCS Demand Share, 2019-2029
14. Competition Landscape
14.1. Global HFCS Market: Market Share Analysis
14.2. HFCS Distributors and Customers
14.3. HFCS Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. ADM
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Cargill
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Tate & Lyle
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Ingredion Incorporated
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Roquette
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Daesang
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Showa Sangyo
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Hungrana
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COFCO Group
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Xiangchi
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Baolingbao
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
