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Global Sugar and High Fructose Corn Syrup Market: By Type: Raw Sugar, Refined Sugar; By Application: Food and Beverage, Pharmaceutical and Personal Care, Household; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics; Value Chain Analysis; Competitive Landscape; Industry Events and Developments
Global Sugar and High Fructose Corn Syrup Market Outlook
The global sugar and high fructose corn syrup market is being driven by the growing food and beverage industry. The global sugar market reached a consumption volume of around 175 million metric tons in 2020.
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Growing Demand for Sugar and High Fructose Corn Syrup in Various Application Sectors to Boost the Market Growth
The growth of sugar and high fructose corn syrup market is being driven by significant demand from the beverage sector, which is rapidly growing due to the growing popularity amongst the younger population. Other major application sectors driving the growth for high fructose corn syrup are the pharmaceuticals, dairy, and confectionery industries, among others. The demand is expected to grow in countries like Thailand, Vietnam, the Philippines, Colombia, etc. in the coming years. High fructose corn syrup is widely used in countries like the United States, where nearly 5% of the total corn production is converted to high fructose corn syrup. The United States is the leading exporter of the product, followed by China. The Asian countries are driving the demand for high fructose corn syrup, fuelled by the growing beverage industry in the region.
The consumption volume of the sugar market is expected to further grow at a CAGR of 1% in the forecast period of 2022-2027. The major consumer markets for sugar include countries like India, the European Union, China, the United States, and Brazil. The European Union and China together account for more than 35% of the global consumption of the product. The countries that rely on imports to meet the regional demand are Indonesia, China, the United States, Bangladesh, and Algeria.
Brazil is the leading sugar-producing country, accounting for almost 20% of the total global production. It is followed by India, Thailand, European Union, China, and the United States, among others, as the other major producers in the market. Brazil, being the largest producer, is also the largest exporter of the product. The region solely accounts for more than 35% of the total global exports. Other significant exporters include Thailand, European Union, Australia, and India. Brazil and Thailand export more sugar than their regional consumption. Thailand exports a significant volume of sugar to other Asian countries. At least 75% of Thailand’s export is bound for Asian countries. It also exports a considerable volume of raw sugar to Indonesia.
Market Segmentation
Sugar refers to a sweet crystalline substance extracted from various plants, specifically from sugar cane and sugar beet, containing sucrose, and widely used as a sweetener in food and beverage.
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Based on type, sugar can be bifurcated into:
- Raw Sugar
- Refined Sugar
HFCS stands for high fructose corn syrup. high fructose corn syrup is made through a wet milling process. Corn is processed to high-fructose corn syrup via enzymes. It is a potential replacement for sweeteners. The enzymes give it a sweeter taste by changing some parts of glucose to fructose. It is sweeter than regular corn syrup, due to the addition of enzymes that make it sweeter than sugar.
On the basis of applications, the sugar and high fructose corn syrup market can be divided into:
- Food and Beverage
- Pharmaceutical and Personal Care
- Household
The EMR report also covers the regional sugar and high fructose corn syrup markets like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Growing Demand from the Food and Beverage Industry to Boost the Market Growth
The global sugar and high fructose corn syrup market is being driven by its end-use industries, especially the food and beverage industry, which is witnessing a thriving demand growth. Sugar is widely used in food products like soft drinks, ice creams, bakery, chocolate, and other confectionery items. Sucrose is widely consumed in India, where the per capita consumption is more than 20 kilograms. Around 70% of the sugar is consumed by the food and beverage industry. The increasing production of sugar beet and sugarcane, which are the feedstock for the production of sugar, is also aiding the overall sugar production growth.
The demand for sugar is also growing due to the rising demand for exports. Countries like Thailand and Brazil have a higher demand for exports than the regional consumption demand. The developing economy of Thailand is also supporting the demand growth through increased consumption.
Increasing Demand for High Fructose Corn Syrup to Boost the Market Growth
The changing taste and preferences and rising demand for high-fructose corn syrup among consumers as it is cheaper than sugar, offers better flavour enrichment, and longer shelf life, are likely to fuel the global sugar and high-fructose corn syrup market growth. Going further, the increasing usage of high-fructose corn syrup in the food and beverage industry as high-fructose corn syrup is more consistent and stable, particularly in acidic foods and drinks, are further expected to boost the demand for the product over the coming years. Moreover, the increasing usage of high fructose corn syrup in soft drinks, juice, and carbonated drinks, along with surging manufacturers of corn starch are further supporting the growth of sugar and high fructose corn syrup market.
The growth in the demand for the high fructose corn syrup market is majorly being driven by the beverage sector, which is rapidly growing due to the growing popularity amongst the younger population. Other major application sectors driving the growth of the high fructose corn syrup market are the pharmaceuticals, dairy, and confectionery industries, among others. The demand is expected to grow in countries like Thailand, Vietnam, the Philippines, Colombia, etc. in the coming years.
Key Players in the Global Market for Sugar and High Fructose Corn Syrup
The report gives a detailed analysis of the following key players in the global sugar and high fructose corn syrup market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Global Sweeteners Holdings Limited
- Südzucker AG
- Archer Daniels Midland Company
- Cargill, Incorporated
- Ingredion Incorporated
- Tate & Lyle PLC
- DCM Shriram Ltd.
- Cosan S.A.
- E.I.D. - Parry (India) Limited
- Roquette Frères
- Tereos
- Others
The comprehensive EMR report provides an in-depth assessment of the sugar and high fructose corn syrup market based on Porter’s five forces model, along with giving a SWOT analysis. The report also gives the price and trade data analysis of the market.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2021 |
| Historical Period | 2017-2021 |
| Forecast Period | 2022-2027 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, Application, Region |
| Sugar Market Breakup by Type | Raw Sugar, Refined Sugar |
| Sugar Market Breakup by Application | Food and Beverage, Pharmaceutical and Personal Care, Household |
| High Fructose Corn Syrup Market Breakup by Application | Food and Beverage, Pharmaceutical and Personal Care, Household |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Trade Data Analysis | Major Importing Countries by Value and Volume, Major Exporting Countries by Value and Volume |
| Price Analysis | Historical and Forecast Price Trends- Regional |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Global Sweeteners Holdings Limited, Südzucker AG, Archer Daniels Midland Company, Cargill, Incorporated, Ingredion Incorporated, Tate & Lyle PLC, DCM Shriram Ltd., Cosan S.A., E.I.D. - Parry (India) Limited, Roquette Frères, Tereos, Others. |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Sweeteners Market Analysis
8.1 Key Industry Highlights
8.2 Global Sweeteners Historical Market (2017-2021)
8.3 Global Sweeteners Market Forecast (2022-2027)
8.4 Global Sweeteners Market by Type
8.4.1 Market Share
8.4.1.1 Sugar
8.4.1.2 High-Fructose Corn Syrup (HFCS)
8.4.1.3 High-Intensity Sweeteners (HIS)
8.4.1.4 Natural Sweeteners
9 Global Sugar and High Fructose Corn Syrup (HFCS) Market Analysis
9.1 Key Industry Highlights
9.2 Global Sugar and High Fructose Corn Syrup (HFCS) Historical Market (2017-2021)
9.3 Global Sugar and High Fructose Corn Syrup (HFCS) Market Forecast (2022-2027)
9.4 Global Sugar and High Fructose Corn Syrup (HFCS) Market by Type
9.4.1 Raw Sugar
9.4.1.1 Market Share
9.4.1.2 Historical Trend (2017-2021)
9.4.1.3 Forecast Trend (2022-2027)
9.4.2 Refined Sugar
9.4.2.1 Market Share
9.4.2.2 Historical Trend (2017-2021)
9.4.2.3 Forecast Trend (2022-2027)
9.5 Global Sugar and High Fructose Corn Syrup (HFCS) Market by Application
9.5.1 Food and Beverages
9.5.1.1 Market Share
9.5.1.2 Historical Trend (2017-2021)
9.5.1.3 Forecast Trend (2022-2027)
9.5.2 Pharmaceutical and Personal Care
9.5.2.1 Market Share
9.5.2.2 Historical Trend (2017-2021)
9.5.2.3 Forecast Trend (2022-2027)
9.5.3 Household
9.5.3.1 Market Share
9.5.3.2 Historical Trend (2017-2021)
9.5.3.3 Forecast Trend (2022-2027)
9.6 Global Sugar and High Fructose Corn Syrup (HFCS) Market by Region
9.6.1 Market Share
9.6.1.1 North America
9.6.1.2 Europe
9.6.1.3 Asia Pacific
9.6.1.4 Latin America
9.6.1.5 Middle East and Africa
10 Regional Analysis
10.1 North America
10.1.1 Historical Trend (2017-2021)
10.1.2 Forecast Trend (2022-2027)
10.1.3 Breakup by Country
10.1.3.1 United States of America
10.1.3.2 Canada
10.2 Europe
10.2.1 Historical Trend (2017-2021)
10.2.2 Forecast Trend (2022-2027)
10.2.3 Breakup by Country
10.2.3.1 United Kingdom
10.2.3.2 Germany
10.2.3.3 France
10.2.3.4 Italy
10.2.3.5 Others
10.3 Asia Pacific
10.3.1 Historical Trend (2017-2021)
10.3.2 Forecast Trend (2022-2027)
10.3.3 Breakup by Country
10.3.3.1 China
10.3.3.2 Japan
10.3.3.3 India
10.3.3.4 ASEAN
10.3.3.5 Australia
10.3.3.6 Others
10.4 Latin America
10.4.1 Historical Trend (2017-2021)
10.4.2 Forecast Trend (2022-2027)
10.4.3 Breakup by Country
10.4.3.1 Brazil
10.4.3.2 Argentina
10.4.3.3 Mexico
10.4.3.4 Others
10.5 Middle East and Africa
10.5.1 Historical Trend (2017-2021)
10.5.2 Forecast Trend (2022-2027)
10.5.3 Breakup by Country
10.5.3.1 Saudi Arabia
10.5.3.2 United Arab Emirates
10.5.3.3 Nigeria
10.5.3.4 South Africa
10.5.3.5 Others
11 Market Dynamics
11.1 SWOT Analysis
11.1.1 Strengths
11.1.2 Weaknesses
11.1.3 Opportunities
11.1.4 Threats
11.2 Porter’s Five Forces Analysis
11.2.1 Supplier’s Power
11.2.2 Buyer’s Power
11.2.3 Threat of New Entrants
11.2.4 Degree of Rivalry
11.2.5 Threat of Substitutes
11.3 Key Indicators for Demand
11.4 Key Indicators for Price
12 Value Chain Analysis
13 Trade Data Analysis (HS Code – 1702, 170260)
13.1 Major Importing Countries
13.1.1 By Value
13.1.2 By Volume
13.2 Major Exporting Countries
13.2.1 By Value
13.2.2 By Volume
15 Price Analysis
15.1 North America Historical Price Trends (2017-2021) and Forecast (2022-2027)
15.2 Europe Historical Price Trends (2017-2021) and Forecast (2022-2027)
15.3 Asia Pacific Historical Price Trends (2017-2021) and Forecast (2022-2027)
15.4 Latin America Historical Price Trends (2017-2021) and Forecast (2022-2027)
15.5 Middle East and Africa Historical Price Trends (2017-2021) and Forecast (2022-2027)
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Global Sweeteners Holdings Limited
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Südzucker AG
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Archer Daniels Midland Company
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Cargill, Incorporated
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Ingredion Incorporated
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Tate & Lyle PLC
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 DCM Shriram Ltd.
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Cosan S.A.
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 E.I.D. - Parry (India) Limited
16.2.9.1 Company Overview
16.2.9.2 Product Portfolio
16.2.9.3 Demographic Reach and Achievements
16.2.9.4 Certifications
16.2.10 Roquette Frères
16.2.10.1 Company Overview
16.2.10.2 Product Portfolio
16.2.10.3 Demographic Reach and Achievements
16.2.10.4 Certifications
16.2.11 Tereos
16.2.11.1 Company Overview
16.2.11.2 Product Portfolio
16.2.11.3 Demographic Reach and Achievements
16.2.11.4 Certifications
16.2.12 Others
17 Industry Events and Developments
Additional Customisations Available
1 Manufacturing Process
1.1 Overview
1.2 Detailed Process Flow
1.3 Operation Involved
2 Project Requirement and Cost Analysis
2.1 Land, Location and Site Development
2.2 Construction
2.3 Plant Machinery
2.4 Cost of Raw Material
2.5 Packaging
2.6 Transportation
2.7 Utilities
2.8 Manpower
2.9 Other Capital Investment
List of Key Figures and Tables
1. Global Sweetener Market: Key Industry Highlights, 2017 and 2027
2. Global Sweetener Market: Market Share by Type
3. Global Sugar and High Fructose Corn Syrup (HFCS) Market: Key Industry Highlights, 2017 and 2027
4. Global Sugar and High Fructose Corn Syrup (HFCS) Historical Market: Breakup by Type (Million Metric Tons), 2017-2021
5. Global Sugar and High Fructose Corn Syrup (HFCS) Market Forecast: Breakup by Type (Million Metric Tons), 2022-2027
6. Global Sugar and High Fructose Corn Syrup (HFCS) Historical Market: Breakup by Application (Million Metric Tons), 2017-2021
7. Global Sugar and High Fructose Corn Syrup (HFCS) Market Forecast: Breakup by Application (Million Metric Tons), 2022-2027
8. Global Sugar and High Fructose Corn Syrup (HFCS) Historical Market: Breakup by Region (Million Metric Tons), 2017-2021
9. Global Sugar and High Fructose Corn Syrup (HFCS) Market Forecast: Breakup by Region (Million Metric Tons), 2022-2027
10. North America Sugar and High Fructose Corn Syrup (HFCS) Historical Market: Breakup by Country (Million Metric Tons), 2017-2021
11. North America Sugar and High Fructose Corn Syrup (HFCS) Market Forecast: Breakup by Country (Million Metric Tons), 2022-2027
12. Europe Sugar and High Fructose Corn Syrup (HFCS) Historical Market: Breakup by Country (Million Metric Tons), 2017-2021
13. Europe Sugar and High Fructose Corn Syrup (HFCS) Market Forecast: Breakup by Country (Million Metric Tons), 2022-2027
14. Asia Pacific Sugar and High Fructose Corn Syrup (HFCS) Historical Market: Breakup by Country (Million Metric Tons), 2017-2021
15. Asia Pacific Sugar and High Fructose Corn Syrup (HFCS) Market Forecast: Breakup by Country (Million Metric Tons), 2022-2027
16. Latin America Sugar and High Fructose Corn Syrup (HFCS) Historical Market: Breakup by Country (Million Metric Tons), 2017-2021
17. Latin America Sugar and High Fructose Corn Syrup (HFCS) Market Forecast: Breakup by Country (Million Metric Tons), 2022-2027
18. Middle East and Africa Sugar and High Fructose Corn Syrup (HFCS) Historical Market: Breakup by Country (Million Metric Tons), 2017-2021
19. Middle East and Africa Sugar and High Fructose Corn Syrup (HFCS) Market Forecast: Breakup by Country (Million Metric Tons), 2022-2027
20. Major Exporting Countries by Value
21. Major Importing Countries by Value
22. Major Exporting Countries by Volume
23. Major Importing Countries by Volume
24. North America Historical Price Trends and Forecast 2017-2027
25. Europe Historical Price Trends and Forecast 2017-2027
26. Asia Pacific Historical Price Trends and Forecast 2017-2027
27. Latin America Historical Price Trends and Forecast 2017-2027
28. Middle East and Africa Historical Price Trends and Forecast 2017-2027
29. Global Sugar and High Fructose Corn Syrup (HFCS) Market Structure
Key Questions Answered in the Report
In 2020, the global sugar and high fructose corn syrup market is aided by global sugar market which attained volume of nearly 175 MMT.
The market is aided by global sugar market, the consumption of which is projected to grow at a CAGR of 1% between 2021 and 2026.
The market is aided by global sugar market which is estimated to witness a healthy growth in the forecast period of 2022-2027 to reach 186 MMT by 2026.
The major industry drivers are rapidly growing beverage sector due to the growing popularity amongst the younger population.
The key trends in the market are thriving end-use industries, especially the food and beverage industry, which is witnessing a thriving demand growth.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The application sectors include food and beverage, pharmaceutical and personal care, household.
The major players in the industry are Global Sweeteners Holdings Limited, Südzucker AG, Archer Daniels Midland Company, Cargill, Incorporated, Ingredion Incorporated, Tate & Lyle PLC, DCM Shriram Ltd., Cosan S.A., E.I.D. - Parry (India) Limited, Roquette Frères and Tereos, among others.
Analyst Review
The global sugar and high fructose corn syrup market is aided by global sugar market which attained volume of nearly 175 MMT in 2020, driven by the rapidly growing beverage sector due to the growing popularity amongst the younger population. The market is aided by global sugar market, the consumption of which is projected to grow at a CAGR of 1% between 2021 and 2026 to reach a consumption level of 186 MMT by 2026.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. The application sectors include food and beverage, pharmaceutical and personal care, household. The major regional markets for sugar and high fructose corn syrup are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Global Sweeteners Holdings Limited, Südzucker AG, Archer Daniels Midland Company, Cargill, Incorporated, Ingredion Incorporated, Tate & Lyle PLC, DCM Shriram Ltd., Cosan S.A., E.I.D. - Parry (India) Limited, Roquette Frères, and Tereos, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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