High Fructose Corn Syrup Market, By Formulation (HFCS 42, HFCS 55, HFCS 65, and HFCS 90), By Application (Food & Beverage Industry, Pharmaceuticals, and Others), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Published In : Jul 2024

Code : CMI1227

Pages :160

Formats :

Excel and PDF

Industry : Food Ingredients

Market Challenges: Imposition of sugar tariffs

Imposition of high sugar tariffs by countries is significantly hindering the growth of the global high fructose corn syrup market. When tariffs on sugar imports are high, it restricts the availability of cane and beet sugar in the domestic market and makes it more expensive for food and beverage manufacturers. This discourages the use of sugar in processed foods and beverages. As a result, food companies find it difficult to formulate their products and look for cheaper alternatives to sugar. This is where high fructose corn syrup plays a major role as a low-cost sugar substitute.

Market Opportunities: Product innovation to drive new demand

Product innovation can be a great opportunity to drive new demand in the global high fructose corn syrup market. High fructose corn syrup is mainly used by beverage and food processing industries. With changing consumer tastes and preferences, there is a rising demand for healthier and more nutritious food and beverage options. Companies can leverage this by developing new product variants of high fructose corn syrup that have additional nutritional benefits.