High Fructose Corn Syrup Market, by Type (HFCS 42, HFCS 55, HFCS 65 and HFCS 90), By Application (Food Industry, Beverages Industry, Pharmaceutical, Others ), and by Region (North America, Latin America, Asia Pacific, Europe, and Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030
High fructose corn syrup (HFCS) is a liquid sweetener considered as an alternative to sucrose, which is made from corn. HFCS has gained rapid popularity as an additive and sweetener and find wide application in the food and beverages industry. Its advantages such as solubility, sweetness and acidity has led to an increase in the consumption of HFCS.
Market Dynamics
High fructose corn syrup market is expected to exhibit significant growth over the forecast period (2022-2030). Development of relatively inexpensive High fructose corn syrup (HFCS) has made it possible to be accepted in place of sucrose in the end-use industries. Moreover, it lasts longer in the food and beverages as compared to other sugars, making it a better preservative. However, increase in the cholesterol and fat level attributed to its consumption, stands as one of the major restraining factors in the global High fructose corn syrup market.
North America held a dominant position in the global High fructose corn syrup market in 2021, owing to rise in demand for sweetener in food and beverage industry of the U.S. and Canada. Europe held second largest market share of global High fructose corn syrup market in 2021, owing to growing demand for High fructose corn syrup in various end use applications such as confectionery, bakery, and beverage industries within the region.
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