Global
High Fructose Corn Syrup (HFCS) Market: Description
High
fructose corn syrup is used in place of sucrose in the foods and
beverages industry. It is derived as a liquid sweetener from corn
syrup using a process called wet milling. High fructose corn syrup
(HFCS) accounts for a share of 9% in the global sweeteners market.
HFCS
is not much different from other fructose glucose sweeteners such as
honey, sucrose, and fruit juice concentrates in terms of composition
or metabolism. It is generally composed of 42% to 55% fructose. HFCS
exhibits better stability and works well in acidic beverages that are
available in liquid state. This ensures easy transport and handling
of HFCS. Also it renders the substance better miscibility than
granulated sucrose.
Fructose
has emerged as a more cost-effective alternative to glucose, since it
is sweeter than the latter. Owing to this attribute the use of
fructose has significantly increased in food processing. However, on
the flip side, calorie content of fructose is equivalent to sugar.
Manufacturers operating in either the sugar or fructose industry
therefore share similar concerns. Additionally, the human body
metabolizes fructose in a much different way than it does glucose.
Thus the consumption of HFCS is also associated with the increasing
prevalence of obesity worldwide.
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Owing
to the benefits offered over granulated sucrose, the use of HFCS has
proliferated across the U.S. food industry at a robust pace. Some of
the benefits of using HFCS include: easy handling, easy to supply and
good for stability. Corn is a reliable crop and is grown abundantly
across the U.S., while the production of sucrose is limited. The U.S.
therefore imports major supplies from sugar-growing countries. Thus
the supply of essential commodities in the country is vulnerable to
political and economic conditions prevalent in exporting nations.
Also because of its liquid form HFCS is considered more stable for
use in acidic beverages. Additionally, it is easier to handle,
transport, and mix compared to granulated sucrose.
Global
High Fructose Corn Syrup Market: Key Segments
Based
on applications, the global market for high fructose corn syrup is
bifurcated into the pharmaceutical and food and beverages industry.
In the food and beverages industry, HFCS is used in baking, cereal
product, dairy, canning, ice-cream, condiments, carbonated soft
drinks, confections, and desserts.
Regionally,
the global high-fructose corn syrup (HFCS) market is segmented into
Asia Pacific excluding Japan, Eastern Europe, Latin America, Japan,
North America, Middle East & Africa, and Western Europe. North
America and Japan is one of the significant market place for high
fructose corn syrup.
Global
High Fructose Corn Syrup Market: Trends and Opportunities
Global
high fructose corn syrup market is gaining impetus from the
increasing demand for sweetener in the food and beverages industry.
HFCS 42 has emerged as a good alternative to sugar and honey in food
preparation for those who are trying to avoid sucrose due to its side
effects. HFCS 42 constitutes approximately 42% fructose, while sugar
has around 50% fructose, and the presence of fructose in honey is
around 48%. This is a key factor driving the global HFCS market.
However,
the changing lifestyle and growing health concerns among consumers of
emerging nations are limiting the market’s growth to an extent.
This is because high consumption of fructose is often related to the
prevalence of obesity and diabetes. Hence, zero calorie sweeteners
have become much popular among consumers.
Nevertheless,
after being granted the “Generally Recognized as Safe” (GRAS)
status by the U.S. FDA, HFCS is widely used across the U.S. food
industry mainly due to the advantages it offers over granulated
sucrose.
Global
High Fructose Corn Syrup Market: Competitive Landscape
Some
of the most prominent enterprises operating in the global high
fructose corn syrup (HFCS) market are Cargill Inc., Archer Daniels
Midland Company, INGREDION INCORPORATED, Tate & Lyle and others.
The
report offers a comprehensive evaluation of the market. It does so
via in-depth qualitative insights, historical data, and verifiable
projections about market size. The projections featured in the report
have been derived using proven research methodologies and
assumptions. By doing so, the research report serves as a repository
of analysis and information for every facet of the market, including
but not limited to: Regional markets, technology, types, and
applications.
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