
High Fructose Corn Syrup Market Growth Analysis - Market Size, Share, Forecast Trends and Outlook Report (2025-2034)
Description
The global high fructose corn syrup market size reached around USD 8.94 Billion in 2024. The market is projected to grow at a CAGR of 1.60% between 2025 and 2034 to reach nearly USD 10.48 Billion by 2034.
High fructose corn syrup is a sweetening agent derived from corn syrup that has been enzymatically modified to increase its fructose content by converting some of its glucose. It is frequently employed in the food and drink sector as a more economical substitute for sucrose (common sugar).
EXTERNAL TRADE IN EU FOOD AND DRINK INDUSTRY, 2023, IN € BILLION
As per the global high fructose corn syrup market report, HFCS is present in numerous items such as soft drinks, sweets, and processed foods, as it boosts sweetness levels and prolongs shelf life. As per the 2023 edition of "Data & Trends: EU Food and Drink Industry," the turnover amounted to €1,112 billion, marking it as the leading manufacturing sector in the EU. Moreover, it stands as the primary employer in the EU, providing jobs for approximately 4.6 million individuals, thus boosting the global high fructose corn syrup market.
Key Trends and Recent Developments
The global high fructose corn syrup market is growing with an enhanced texture, extended shelf life, accessibility, and affordable, growing food and beverages industry.
January 2023
The state of North Carolina invited bids for the delivery of high fructose corn syrup.
August 2023
Gujarat Ambuja Exports experienced a 7% increase following the approval of a new corn wet milling plant in Gujarat.
August 2022
Cargill invested approximately USD 50 million in constructing a corn syrup refinery in Fort Dodge, Iowa, enhancing sustainable production capacity.
Enhanced texture, extended shelf life
High-fructose corn syrup's versatility among sweeteners appeals to food manufacturers due to its ability to enhance texture and prolong shelf life, making it a popular choice in baked goods and processed foods.
Accessibility
Easily obtained and derived from corn crops, high-fructose corn syrup reduces the need for imported sugar. Its convenience in transportation and storage makes it a preferred sweetening option for large-scale food producers.
Affordable sugar substitute
Manufacturing high-fructose corn syrup (HFCS) costs 10-30% less than producing sucrose, with similar sweetness and taste. This affordability, combined with comparable flavour, makes HFCS an attractive alternative for various food and beverage applications.
Growing food and beverage industry
HFCS, a prevalent sweetener and additive, is widely incorporated in processed foods and beverages, including soft drinks, yoghurts, and breads. Its numerous advantages over sucrose, like affordability and versatility, render it appealing to food manufacturers across various sectors.
Global High Fructose Corn Syrup Market Trends
The dynamic food industry's ongoing innovation creates avenues for high-fructose corn syrup (HFCS). It could find application in crafting unique packaged meals and beverages. While the future of the HFCS market is uncertain, demand is likely to persist due to its versatility and cost-effectiveness in the food sector.
As per the global high fructose corn syrup market analysis, Coca-Cola's carbonated beverages predominantly rely on sugar for about 80% of their earnings, with HFCS accounting for approx. 20% of sweeteners.
Market Segmentation
Global High Fructose Corn Syrup Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
HFCS 42 is a sweetener with low viscosity and high fermentability, suitable for existing liquid sweetener facilities. With a fructose content of 42%, it is utilized in various products like beverages and baked goods beyond its primary use.
HFCS-55, with 55% fructose, is mainly employed in carbonated beverages, such as soft drinks, as its primary application. It has been instrumental in holding a prominent position in the global high fructose corn syrup market.
Based on application, the global high fructose corn syrup market share is dominated by the food and beverage sector
The rising adoption of high fructose corn syrup in carbonated beverages, bakeries, confectionery, condiments, yoghurt, and sweetened foods is propelling segment growth. It enhances browning, moisture, and texture in bakery goods and acts as a preservative in jams, and candies, boosting demand.
Global High Fructose Corn Syrup Market Analysis by Region
North America possesses a considerable portion of the global high fructose corn syrup market. The United States, being a leading corn producer, supports significant production capacity for high fructose corn syrup.
According to Coca-Cola, the region has approximately 320 million consumers of Coca-Cola products and possesses an industry value of around USD 350 billion, thus further boosting the global high fructose corn syrup market development.
CATEGORY'S CASE VOLUME BREAKDOWN, 2022
Asia Pacific presents promising prospects due to the increasing adoption of convenient and cost-effective ingredients by processed food manufacturers. Additionally, the presence of a substantial consumer base for processed and sweetened foods in emerging economies is expected to drive the global high fructose syrup market growth.
Competitive Landscape
The global high fructose corn syrup market competitiveness is improved texture, longer durability, availability, cost-effectiveness, and expanding food and beverage sector.
Cargill, Incorporated
Cargill, Incorporated, a private multinational food company founded in 1865 and headquartered in the United States, provides diverse products and services encompassing agriculture, animal nutrition, beauty, bio-industrial components, food service, pharmaceuticals, meat and poultry, and transportation, among other sectors. Its primary focus lies in linking grain and oilseed producers with consumers.
Ingredion Incorporated
Ingredion Incorporated a multinational food enterprise established in 1906 and headquartered in the United States, supplies an extensive array of ingredients like encapsulants, emulsifiers, extracts, fibres, flours, plant proteins, and starch. It stands as one of the leading manufacturers of sweeteners, nutritional components, and biomaterials, serving diverse sectors including food and beverage, paper, and pharmaceuticals.
Tate & Lyle Plc
Tate & Lyle Plc is an international provider of ingredients for the food and beverage industry, as well as various industrial sectors. Established in 1921 and headquartered in London, UK, the company offers a wide range of products including sweeteners, textures, fibre enrichment, crystalline fructose, sucralose, corn syrup, glucose, and dextrose.
Other global high fructose corn syrup market key players are AGRANA Beteiligungs-AG, Roquette Frères S.A., Showa Sangyo Co. Ltd, Tereos Group, Daesang Corporation, and Guangzhou Shuangqiao Company LTD, among others.
High fructose corn syrup is a sweetening agent derived from corn syrup that has been enzymatically modified to increase its fructose content by converting some of its glucose. It is frequently employed in the food and drink sector as a more economical substitute for sucrose (common sugar).
EXTERNAL TRADE IN EU FOOD AND DRINK INDUSTRY, 2023, IN € BILLION
As per the global high fructose corn syrup market report, HFCS is present in numerous items such as soft drinks, sweets, and processed foods, as it boosts sweetness levels and prolongs shelf life. As per the 2023 edition of "Data & Trends: EU Food and Drink Industry," the turnover amounted to €1,112 billion, marking it as the leading manufacturing sector in the EU. Moreover, it stands as the primary employer in the EU, providing jobs for approximately 4.6 million individuals, thus boosting the global high fructose corn syrup market.
Key Trends and Recent Developments
The global high fructose corn syrup market is growing with an enhanced texture, extended shelf life, accessibility, and affordable, growing food and beverages industry.
January 2023
The state of North Carolina invited bids for the delivery of high fructose corn syrup.
August 2023
Gujarat Ambuja Exports experienced a 7% increase following the approval of a new corn wet milling plant in Gujarat.
August 2022
Cargill invested approximately USD 50 million in constructing a corn syrup refinery in Fort Dodge, Iowa, enhancing sustainable production capacity.
Enhanced texture, extended shelf life
High-fructose corn syrup's versatility among sweeteners appeals to food manufacturers due to its ability to enhance texture and prolong shelf life, making it a popular choice in baked goods and processed foods.
Accessibility
Easily obtained and derived from corn crops, high-fructose corn syrup reduces the need for imported sugar. Its convenience in transportation and storage makes it a preferred sweetening option for large-scale food producers.
Affordable sugar substitute
Manufacturing high-fructose corn syrup (HFCS) costs 10-30% less than producing sucrose, with similar sweetness and taste. This affordability, combined with comparable flavour, makes HFCS an attractive alternative for various food and beverage applications.
Growing food and beverage industry
HFCS, a prevalent sweetener and additive, is widely incorporated in processed foods and beverages, including soft drinks, yoghurts, and breads. Its numerous advantages over sucrose, like affordability and versatility, render it appealing to food manufacturers across various sectors.
Global High Fructose Corn Syrup Market Trends
The dynamic food industry's ongoing innovation creates avenues for high-fructose corn syrup (HFCS). It could find application in crafting unique packaged meals and beverages. While the future of the HFCS market is uncertain, demand is likely to persist due to its versatility and cost-effectiveness in the food sector.
As per the global high fructose corn syrup market analysis, Coca-Cola's carbonated beverages predominantly rely on sugar for about 80% of their earnings, with HFCS accounting for approx. 20% of sweeteners.
Market Segmentation
Global High Fructose Corn Syrup Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
- HFCS 42
- HFCS 55
- Others
- Food and Beverages
- Pharmaceuticals
- Animal Feed
- Others
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
HFCS 42 is a sweetener with low viscosity and high fermentability, suitable for existing liquid sweetener facilities. With a fructose content of 42%, it is utilized in various products like beverages and baked goods beyond its primary use.
HFCS-55, with 55% fructose, is mainly employed in carbonated beverages, such as soft drinks, as its primary application. It has been instrumental in holding a prominent position in the global high fructose corn syrup market.
Based on application, the global high fructose corn syrup market share is dominated by the food and beverage sector
The rising adoption of high fructose corn syrup in carbonated beverages, bakeries, confectionery, condiments, yoghurt, and sweetened foods is propelling segment growth. It enhances browning, moisture, and texture in bakery goods and acts as a preservative in jams, and candies, boosting demand.
Global High Fructose Corn Syrup Market Analysis by Region
North America possesses a considerable portion of the global high fructose corn syrup market. The United States, being a leading corn producer, supports significant production capacity for high fructose corn syrup.
According to Coca-Cola, the region has approximately 320 million consumers of Coca-Cola products and possesses an industry value of around USD 350 billion, thus further boosting the global high fructose corn syrup market development.
CATEGORY'S CASE VOLUME BREAKDOWN, 2022
Asia Pacific presents promising prospects due to the increasing adoption of convenient and cost-effective ingredients by processed food manufacturers. Additionally, the presence of a substantial consumer base for processed and sweetened foods in emerging economies is expected to drive the global high fructose syrup market growth.
Competitive Landscape
The global high fructose corn syrup market competitiveness is improved texture, longer durability, availability, cost-effectiveness, and expanding food and beverage sector.
Cargill, Incorporated
Cargill, Incorporated, a private multinational food company founded in 1865 and headquartered in the United States, provides diverse products and services encompassing agriculture, animal nutrition, beauty, bio-industrial components, food service, pharmaceuticals, meat and poultry, and transportation, among other sectors. Its primary focus lies in linking grain and oilseed producers with consumers.
Ingredion Incorporated
Ingredion Incorporated a multinational food enterprise established in 1906 and headquartered in the United States, supplies an extensive array of ingredients like encapsulants, emulsifiers, extracts, fibres, flours, plant proteins, and starch. It stands as one of the leading manufacturers of sweeteners, nutritional components, and biomaterials, serving diverse sectors including food and beverage, paper, and pharmaceuticals.
Tate & Lyle Plc
Tate & Lyle Plc is an international provider of ingredients for the food and beverage industry, as well as various industrial sectors. Established in 1921 and headquartered in London, UK, the company offers a wide range of products including sweeteners, textures, fibre enrichment, crystalline fructose, sucralose, corn syrup, glucose, and dextrose.
Other global high fructose corn syrup market key players are AGRANA Beteiligungs-AG, Roquette Frères S.A., Showa Sangyo Co. Ltd, Tereos Group, Daesang Corporation, and Guangzhou Shuangqiao Company LTD, among others.
Table of Contents
162 Pages
- 1 Executive Summary
- 1.1 Market Size 2024-2025
- 1.2 Market Growth 2025(F)-2034(F)
- 1.3 Key Demand Drivers
- 1.4 Key Players and Competitive Structure
- 1.5 Industry Best Practices
- 1.6 Recent Trends and Developments
- 1.7 Industry Outlook
- 2 Market Overview and Stakeholder Insights
- 2.1 Market Trends
- 2.2 Key Verticals
- 2.3 Key Regions
- 2.4 Supplier Power
- 2.5 Buyer Power
- 2.6 Key Market Opportunities and Risks
- 2.7 Key Initiatives by Stakeholders
- 3 Economic Summary
- 3.1 GDP Outlook
- 3.2 GDP Per Capita Growth
- 3.3 Inflation Trends
- 3.4 Democracy Index
- 3.5 Gross Public Debt Ratios
- 3.6 Balance of Payment (BoP) Position
- 3.7 Population Outlook
- 3.8 Urbanisation Trends
- 4 Country Risk Profiles
- 4.1 Country Risk
- 4.2 Business Climate
- 5 Global High Fructose Corn Syrup Market Analysis
- 5.1 Global High Fructose Corn Syrup Historical Supply (2018-2024)
- 5.2 Global High Fructose Corn Syrup Supply Forecast (2025-2034)
- 5.3 Global High Fructose Corn Syrup Historical Demand (2018-2024)
- 5.4 Global High Fructose Corn Syrup Demand Forecast (2025-2034)
- 5.5 Global High Fructose Corn Syrup Market by Type
- 5.5.1 HFCS 42
- 5.5.1.1 Historical Trend (2018-2024)
- 5.5.1.2 Forecast Trend (2025-2034)
- 5.5.2 HFCS 55
- 5.5.2.1 Historical Trend (2018-2024)
- 5.5.2.2 Forecast Trend (2025-2034)
- 5.5.3 Others
- 5.6 Global High Fructose Corn Syrup Market by Application
- 5.6.1 Food and Beverages
- 5.6.1.1 Historical Trend (2018-2024)
- 5.6.1.2 Forecast Trend (2025-2034)
- 5.6.2 Pharmaceuticals
- 5.6.2.1 Historical Trend (2018-2024)
- 5.6.2.2 Forecast Trend (2025-2034)
- 5.6.3 Animal Feed
- 5.6.3.1 Historical Trend (2018-2024)
- 5.6.3.2 Forecast Trend (2025-2034)
- 5.6.4 Others
- 5.7 Global High Fructose Corn Syrup Market by Region
- 5.7.1 North America
- 5.7.1.1 Historical Trend (2018-2024)
- 5.7.1.2 Forecast Trend (2025-2034)
- 5.7.2 Europe
- 5.7.2.1 Historical Trend (2018-2024)
- 5.7.2.2 Forecast Trend (2025-2034)
- 5.7.3 Asia Pacific
- 5.7.3.1 Historical Trend (2018-2024)
- 5.7.3.2 Forecast Trend (2025-2034)
- 5.7.4 Latin America
- 5.7.4.1 Historical Trend (2018-2024)
- 5.7.4.2 Forecast Trend (2025-2034)
- 5.7.5 Middle East and Africa
- 5.7.5.1 Historical Trend (2018-2024)
- 5.7.5.2 Forecast Trend (2025-2034)
- 6 North America High Fructose Corn Syrup Market
- 6.1 United States
- 6.1.1 Historical Trend (2018-2024)
- 6.1.2 Forecast Trend (2025-2034)
- 6.2 Canada
- 6.2.1 Historical Trend (2018-2024)
- 6.2.2 Forecast Trend (2025-2034)
- 7 Europe High Fructose Corn Syrup Market
- 7.1 United Kingdom
- 7.1.1 Historical Trend (2018-2024)
- 7.1.2 Forecast Trend (2025-2034)
- 7.2 Germany
- 7.2.1 Historical Trend (2018-2024)
- 7.2.2 Forecast Trend (2025-2034)
- 7.3 France
- 7.3.1 Historical Trend (2018-2024)
- 7.3.2 Forecast Trend (2025-2034)
- 7.4 Italy
- 7.4.1 Historical Trend (2018-2024)
- 7.4.2 Forecast Trend (2025-2034)
- 7.5 Others
- 8 Asia Pacific High Fructose Corn Syrup Market
- 8.1 China
- 8.1.1 Historical Trend (2018-2024)
- 8.1.2 Forecast Trend (2025-2034)
- 8.2 Japan
- 8.2.1 Historical Trend (2018-2024)
- 8.2.2 Forecast Trend (2025-2034)
- 8.3 India
- 8.3.1 Historical Trend (2018-2024)
- 8.3.2 Forecast Trend (2025-2034)
- 8.4 ASEAN
- 8.4.1 Historical Trend (2018-2024)
- 8.4.2 Forecast Trend (2025-2034)
- 8.5 South Korea
- 8.5.1 Historical Trend (2018-2024)
- 8.5.2 Forecast Trend (2025-2034)
- 8.6 Australia
- 8.6.1 Historical Trend (2018-2024)
- 8.6.2 Forecast Trend (2025-2034)
- 8.7 Others
- 9 Latin America High Fructose Corn Syrup Market
- 9.1 Brazil
- 9.1.1 Historical Trend (2018-2024)
- 9.1.2 Forecast Trend (2025-2034)
- 9.2 Argentina
- 9.2.1 Historical Trend (2018-2024)
- 9.2.2 Forecast Trend (2025-2034)
- 9.3 Mexico
- 9.3.1 Historical Trend (2018-2024)
- 9.3.2 Forecast Trend (2025-2034)
- 9.4 Others
- 10 Middle East and Africa High Fructose Corn Syrup Market
- 10.1 Saudi Arabia
- 10.1.1 Historical Trend (2018-2024)
- 10.1.2 Forecast Trend (2025-2034)
- 10.2 United Arab Emirates
- 10.2.1 Historical Trend (2018-2024)
- 10.2.2 Forecast Trend (2025-2034)
- 10.3 Nigeria
- 10.3.1 Historical Trend (2018-2024)
- 10.3.2 Forecast Trend (2025-2034)
- 10.4 South Africa
- 10.4.1 Historical Trend (2018-2024)
- 10.4.2 Forecast Trend (2025-2034)
- 10.5 Others
- 11 Market Dynamics
- 11.1 SWOT Analysis
- 11.1.1 Strengths
- 11.1.2 Weaknesses
- 11.1.3 Opportunities
- 11.1.4 Threats
- 11.2 Porter’s Five Forces Analysis
- 11.2.1 Supplier’s Power
- 11.2.2 Buyer’s Power
- 11.2.3 Threat of New Entrants
- 11.2.4 Degree of Rivalry
- 11.2.5 Threat of Substitutes
- 11.3 Key Indicators for Demand
- 11.4 Key Indicators for Price
- 12 Price Analysis
- 13 Competitive Landscape
- 13.1 Supplier Selection
- 13.2 Key Global Players
- 13.3 Key Regional Players
- 13.4 Key Player Strategies
- 13.5 Company Profiles
- 13.5.1 Cargill, Incorporated
- 13.5.1.1 Company Overview
- 13.5.1.2 Product Portfolio
- 13.5.1.3 Demographic Reach and Achievements
- 13.5.1.4 Certifications
- 13.5.2 Ingredion Incorporated
- 13.5.2.1 Company Overview
- 13.5.2.2 Product Portfolio
- 13.5.2.3 Demographic Reach and Achievements
- 13.5.2.4 Certifications
- 13.5.3 Tate & Lyle Plc
- 13.5.3.1 Company Overview
- 13.5.3.2 Product Portfolio
- 13.5.3.3 Demographic Reach and Achievements
- 13.5.3.4 Certifications
- 13.5.4 Roquette Frères S.A.
- 13.5.4.1 Company Overview
- 13.5.4.2 Product Portfolio
- 13.5.4.3 Demographic Reach and Achievements
- 13.5.4.4 Certifications
- 13.5.5 Showa Sangyo Co., Ltd
- 13.5.5.1 Company Overview
- 13.5.5.2 Product Portfolio
- 13.5.5.3 Demographic Reach and Achievements
- 13.5.5.4 Certifications
- 13.5.6 Tereos Group
- 13.5.6.1 Company Overview
- 13.5.6.2 Product Portfolio
- 13.5.6.3 Demographic Reach and Achievements
- 13.5.6.4 Certifications
- 13.5.7 Daesang Corporation
- 13.5.7.1 Company Overview
- 13.5.7.2 Product Portfolio
- 13.5.7.3 Demographic Reach and Achievements
- 13.5.7.4 Certifications
- 13.5.8 Guangzhou Shuangqiao Company LTD
- 13.5.8.1 Company Overview
- 13.5.8.2 Product Portfolio
- 13.5.8.3 Demographic Reach and Achievements
- 13.5.8.4 Certifications
- 13.5.9 AGRANA Beteiligungs-AG
- 13.5.9.1 Company Overview
- 13.5.9.2 Product Portfolio
- 13.5.9.3 Demographic Reach and Achievements
- 13.5.9.4 Certifications
- 13.5.10 Others
Pricing
Currency Rates
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