The High-fructose Corn Syrup (HFCS) Market size is estimated at USD 9.16 billion in 2023, and is expected to reach USD 9.93 billion by 2028, growing at a CAGR of 1.62% during the forecast period (2023-2028).
The high-fructose corn syrup market is competitive in nature, with many domestic and multinational players competing for market shares. Emphasis is given to mergers, expansions, acquisitions, and partnerships among the companies, along with new product developments, as a strategic approach adopted by the leading companies to boost their brand presence among consumers.
Key players differentiate their offerings and compete on different factors, including product offerings, ingredients, packaging, price, functionality, and marketing activities, to gain a competitive advantage.
Key players dominating the regional market include Cargill Inc., Ingredion Incorporated, Tate & Lyle PLC, Showa Sangyo, Kerry Group Plc, Global Sweeteners Holdings Limited, AGRANA Beteilgungs AG, COFCO Rongshi Bio-technology Co. Ltd, Roquette Freres, and Archer Daniels Midland Company.
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