Global High Fructose Corn Syrup market was valued at US$ 4.57 billion in 2016, according to Global High Fructose Corn Syrup Market Report by Type (HFCS 42, HFCS 55, HFCS 65 and HFCS 90), by End-Use Industry (Food Industry, Beverage Industry, Pharmaceuticals and Others) published by Coherent Market Insights. The high fructose corn syrup market is expected to exhibit a CAGR of 3.64% over the forecast period (2017–2025) to reach US$ 6.28 billion by 2025.
Major factors propelling growth of the global high fructose corn syrup market includes its greater compatibility with acidic food and beverages. Moreover, HFCS does not contain color ingredients or artificial ingredients, which is another key factor responsible for the growth of the market. However, rising concerns regarding health and wellbeing, coupled with the changing lifestyle have allowed the consumers to shift to low calorie sweeteners, which is a key factor restraining the growth of the market currently.
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Major players in the global high fructose corn syrup market include Archer Daniels Midland Company, Cargill Inc., Tate & Lyle, Global Sweeteners Holdings Limited, Ingredion Incorporated, Showa Sangyo, Japan Corn Starch Co., Ltd., Kerry Group, COFCO Rongshi Bio-technology Co. Ltd and various others.
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