High-fructose corn syrup (HFCS), commonly known as glucose-fructose, is a sweetener derived from maize starch that has had some of its glucose converted to fructose by the enzyme glucose isomerase. The sweetener is commonly used in the food sector as a sucrose substitute. Furthermore, the increased cost of sucrose in comparison to HFCS leads to the excessive use of HFCS. HFCS is the principal ingredient in most commercial pancake syrups and is widely used in soft drinks.
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According to NIIR PROJECT CONSULTANCY SERVICES (NPCS), in addition to providing sweetness at a level equivalent to sugar, high fructose corn syrup enhances fruit and spice flavours in foods such as yogurt and spaghetti sauces, gives chewy breakfast bars their soft texture and also protects freshness.
Related Books:- Maize (Corn) Products in India (Starch, Glucose, Dextrose, Sorbitol) Trends, Opportunities, Market Analysis and Forecasts (Upto 2017)
Market Drivers:
· Increasing demand for sweeteners as the food and beverage sector expands; this factor is projected to propel the market forward.
· Cost-effective profits of the product when used as a sugar auxiliary as compared to conservative sugar is likely to drive the growth of the market
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· Easy logistics and handling of the product because of its firmness which makes it a suitable option for numerous food manufacturers is also anticipated to enlarge growth of the arcade.
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Market Analysis:
The capacity to remain in solution and not crystallise, like sucrose under certain conditions, is one of the fundamental drivers driving the high-fructose corn syrup (HFCS) market. The competitive price of HFCS in comparison to other categories, which helps lower the prices of end-products, is one of the primary factors driving growth. Leading market players are focusing their efforts on the development of new goods by investing heavily in R&D and employing innovative technologies to produce high-quality, cost-effective products.
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Furthermore, in countries such as the United States, favourable HFCS import and export tariffs, as well as subsidies for the essential element of the market, maize, all contribute to the global growth of HFCS production. According to the EWG Farm Subsidy Record, corn subsidies in the United States totalled USD 113.9 billion from 1995 to 2019.
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Because of its high solubility, beverages have the biggest market share. As a result, HFCS is increasingly being used in beverages such as soft drinks and juices. Companies in the pharmaceuticals and nutraceuticals sectors, in addition to food and beverage makers, have showed a strong desire for HFSC. For example, Roquette Frères, a French business, produces HI-SWEET 55 High Fructose Corn Syrup, which can be utilised in oral dosage forms such as syrups, suspensions, and liquids for Pharmaceutical and/or Nutraceuticals.
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Market Strategy:
The global high fructose corn syrup arcade is competitive in landscape, having a great number of domestic and multinational players challenging for market shares. Emphasis is particular on unions, extensions, procurements, and partnerships among the corporations, along with new product development as a tactical approach espoused by the leading companies to boost their brand presence among consumers. For instance, in August 2018, Caldic and Cargill extended a contract making Caldic Ingredients Deutschland GmbH the elite circulation partner for Cargill’s starches, sweeteners, and texturizers for food tenders in Germany and Austria.
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Global Market:
By 2025, the global market for high fructose corn syrup is expected to exceed US$ 6.28 billion. Over the forecast period, the worldwide high fructose corn syrup market is expected to grow at a CAGR of 3.64 percent. Cargill Inc., Ingredion Incorporated, Tate & Lyle PLC, Global Sweeteners Holdings Limited, and Archer Daniels Midland Company, among others, dominate the regional market. Due to the rapidly increasing beverage industries in China and India, Asia Pacific is predicted to be the fastest-growing regional market from 2020 to 2027. Furthermore, market development is projected to be fuelled by expanding population along with a shift in consumer lifestyles that require food products such as bottled drinks, candies, and chocolates.
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Conclusion:
Our wide expertise in different industries allows us to cater our services to our esteemed clients both domestic & global. We at NPCS want to grow with you by providing solutions scale to suit your new operations and help you reduce risk and give a high return on application investments. Contact us.
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