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Corn Syrup Market by Type (Light Syrup, Dark Syrup, Corn Syrup Solids, High Fructose Corn Syrup), by Application (Food and Beverages, Pharmaceuticals), by Distribution Channel (B2B, B2C): Global Opportunity Analysis and Industry Forecast, 2021-2031

A16985
Pages: 265
Jun 2022 | 53 Views
   
Author(s) : Dinesh Thakur , Roshan Deshmukh
Tables: 147
Charts: 61
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Corn Syrup Market Research, 2031

The global corn syrup market size was valued at $9.8 billion in 2021, and is projected to reach $13.5 billion by 2031, growing at a CAGR of 3.2% from 2022 to 2031.

The outbreak of COVID-19 pandemic in 2020 negatively impacted the revenues of the corn syrup industry. The closure of manufacturing facilities, lack of labor, lack of raw materials, and disruptions in the supply chain, owing to the lockdown restrictions imposed by the government to curb the spread of the virus had an adverse impact on the corn syrup market.

Corn Syrup Market, Corn Syrup Industry, Corn Syrup Market Size, Corn Syrup Market Share, Corn Syrup Market Growth, Corn Syrup Market Trends, Corn Syrup Market Analysis, Corn Syrup Market Forecast

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The corn syrup market is segmented into Type, Application and Distribution Channel.

Corn syrup is produced by hydrolyzing the cornstarch either by heating the cornstarch with diluted acid or by adding enzymes to the cornstarch. Corn syrup is extensively used in the production of jams & jellies, baked food, and various other foods such as dairy products, confectioneries, and beverages. The demand for corn syrup is expected to grow significantly in the food & beverages industry, owing to increase in demand for sweeteners in different processed foods. Corn syrup is not crystallized under certain conditions and it has higher solubility. Moreover, it is cheaper than sugar, and it act as a preservative that extends the shelf life of food & beverages. Thus, multiple benefits associated with corn syrup are boosting its adoption in the global food & beverages industry. In addition, rise in demand for processed food across developed and developing nations due to expansion of penetration of quick service restaurants chains & fast food chains as well as rise in consumption of ready-to-drink beverages fuel the growth of the market.

The global corn syrup market growth is further driven by exponential increase in global population, rise in disposable income, rapid urbanization, changes in food habits, and surge in demand for packaged food. According to the United Nations, the global population in 2020 was estimated at 7.7 billion, and is expected to reach at 9.7 billion by 2050. The rising population is expected to create a huge pressure on the supply of food & beverages globally, and hence the demand for the corn syrup is anticipated to increase for the production of various food & beverages items. Moreover, surge in adoption of corn syrup solids in the manufacturing of powdered drink mixes is boosting the growth of the market significantly. In addition, rise in adoption of corn syrup solids and high fructose corn syrup (HFCS) in the pharmaceuticals industry for producing various drugs is significantly driving the market growth. However, increase in prevalence of diabetes and other diseases due to growing consumption of sweeteners and rise in health consciousness among consumers adversely impact the growth of the global corn syrup market.

The corn syrup market is segmented into type, application, distribution channel, and region. On the basis of type, the market is segregated into light syrup, dark syrup, corn syrup solids, and HFCS. Depending on application, it is categorized into food & beverages and pharmaceuticals. By distribution channel, it is divided into B2B and B2C. Region wise, it is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and rest of Asia-Pacific), and LAMEA (Brazil, Argentina, South Africa, Saudi Arabia, and rest of LAMEA).

Corn Syrup Market
By Type

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High Fructose Corn Syrup segment dominated the market in 2021

Depending on type, the HFCS segment accounted for 82.2% of the corn syrup market share in 2021. This growth is attributable to huge demand for HFCS among the food & beverages and the pharmaceutical industries for the production of numerous products. However, the light corn syrup segment is expected to register the highest CAGR of 4.2% during the forecast period.

Corn Syrup Market
By Application

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Pharmaceuticals is expected to be the fastest-growing segment during the forecast period

As per the global corn syrup market forecast, on the basis of application, the pharmaceuticals segment is expected to witness the highest CAGR during the forecast period, owing to surge in adoption of HFCS and corn syrup solids in the production of various tablet and capsule forms of medications. This is attributed to the fact that corn syrup allows the drugs to breakdown into smaller fragments and helps in absorption. Thus, rapid development of the pharmaceutical industry due alarming rise in prevalence of diseases is expected to drive the growth of this segment.

Corn Syrup Market
By Distribution Channel

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B2B segment dominated the market in 2021

By distribution channel, the B2C is expected to dominate the market, due to rise in penetration of the online grocery delivery platforms across the globe. In addition, the manufacturers of corn syrup are emphasizing on their marketing strategies to stimulate a number of people for buying corn syrups. The various B2C channels such as supermarkets, hypermarkets, convenience stores, and other retail stores provides a huge customer base that may help the corn syrup manufacturers to tap into the households and allow them to generate huge revenues apart from the B2B channels.

Corn Syrup Market
By Region

2031
North America 
Europe
Asia-pacific
Lamea

North America was the leading market in 2021

Region wise, North America dominated the global market in 2021 with highest revenue share, owing to the fact that the U.S. is the highest producer and consumer of corn syrup. This is attributed to huge demand for processed food, confectioneries, baked food, and ready-to-drink beverages in the U.S. Moreover, abundant availability of corn as raw material for corn syrup production is major benefit for regional manufacturers of corn syrup.

The key players operating in the global corn syrup industry are constantly engaged in strategic developments such as partnerships, joint ventures, acquisition, and mergers to exploit the prevailing corn syrup market opportunities. Business expansion has emerged as a key strategy among the market players to strengthen their position and achieve growth in the long term. The major players operating in the market include Archer Daniels Midland Company, Cargill, Incorporated, Associated British Foods Plc., COFCO Corporation, Global Sweeteners Holdings Ltd., Ingredion Incorporated, Kent Corporation, Luzhou Bio-chem Technology Limited, Roquette Freres, and Tate and Lyle PLC.

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the corn syrup market analysis from 2021 to 2031 to identify the prevailing market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the corn syrup market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global corn syrup market trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments

  • By Type
    • Light Syrup
    • Dark Syrup
    • Corn Syrup Solids
    • High Fructose Corn Syrup
  • By Application
    • Food and Beverages
    • Pharmaceuticals
  • By Distribution Channel
    • B2B
    • B2C
  • By Region
    • North America
      • U.S.
      • Canada
      • Mexico
    • Europe
      • Germany
      • France
      • U.K.
      • Italy
      • Spain
      • Rest of Europe
    • Asia-Pacific
      • China
      • Japan
      • India
      • South Korea
      • Australia
      • Rest Of Asia Pacific
    • LAMEA
      • Brazil
      • Argentina
      • South Africa
      • Saudi Arabia
      • Rest of LAMEA


Key Market Players

  • Archer Daniels Midland Company
  • Cargill, Incorporated
  • ingredion
  • Roquette America, Inc.
  • Tate & Lyle Ingredients Americas, Inc.
  • Karo Syrups
  • COFCO Rongshi Bio-technology Co. Ltd.
  • Grain Processing Corporation
  • Global Sweetners Holdings Ltd.
  • Xiwang Sugar Holdings Company limited
 
  • CHAPTER 1:INTRODUCTION

    • 1.1.Report description

    • 1.2.Key market segments

    • 1.3.Key benefits to the stakeholders

    • 1.4.Research Methodology

      • 1.4.1.Secondary research

      • 1.4.2.Primary research

      • 1.4.3.Analyst tools and models

  • CHAPTER 2:EXECUTIVE SUMMARY

    • 2.1.Key findings of the study

    • 2.2.CXO Perspective

  • CHAPTER 3:MARKET OVERVIEW

    • 3.1.Market definition and scope

    • 3.2.Key findings

      • 3.2.1.Top investment pockets

    • 3.3.Porter’s five forces analysis

    • 3.4.Top player positioning

    • 3.5.Market dynamics

      • 3.5.1.Drivers

      • 3.5.2.Restraints

      • 3.5.3.Opportunities

    • 3.6.COVID-19 Impact Analysis on the market

    • 3.7.Value Chain Analysis

    • 3.8.Market Share Analysis

  • CHAPTER 4: CORN SYRUP MARKET, BY TYPE

    • 4.1 Overview

      • 4.1.1 Market size and forecast

    • 4.2 Light Syrup

      • 4.2.1 Key market trends, growth factors and opportunities

      • 4.2.2 Market size and forecast, by region

      • 4.2.3 Market analysis by country

    • 4.3 Dark Syrup

      • 4.3.1 Key market trends, growth factors and opportunities

      • 4.3.2 Market size and forecast, by region

      • 4.3.3 Market analysis by country

    • 4.4 Corn Syrup Solids

      • 4.4.1 Key market trends, growth factors and opportunities

      • 4.4.2 Market size and forecast, by region

      • 4.4.3 Market analysis by country

    • 4.5 High Fructose Corn Syrup

      • 4.5.1 Key market trends, growth factors and opportunities

      • 4.5.2 Market size and forecast, by region

      • 4.5.3 Market analysis by country

  • CHAPTER 5: CORN SYRUP MARKET, BY APPLICATION

    • 5.1 Overview

      • 5.1.1 Market size and forecast

    • 5.2 Food and Beverages

      • 5.2.1 Key market trends, growth factors and opportunities

      • 5.2.2 Market size and forecast, by region

      • 5.2.3 Market analysis by country

    • 5.3 Pharmaceuticals

      • 5.3.1 Key market trends, growth factors and opportunities

      • 5.3.2 Market size and forecast, by region

      • 5.3.3 Market analysis by country

  • CHAPTER 6: CORN SYRUP MARKET, BY DISTRIBUTION CHANNEL

    • 6.1 Overview

      • 6.1.1 Market size and forecast

    • 6.2 B2B

      • 6.2.1 Key market trends, growth factors and opportunities

      • 6.2.2 Market size and forecast, by region

      • 6.2.3 Market analysis by country

    • 6.3 B2C

      • 6.3.1 Key market trends, growth factors and opportunities

      • 6.3.2 Market size and forecast, by region

      • 6.3.3 Market analysis by country

  • CHAPTER 7: CORN SYRUP MARKET, BY REGION

    • 7.1 Overview

      • 7.1.1 Market size and forecast

    • 7.2 North America

      • 7.2.1 Key trends and opportunities

      • 7.2.2 North America Market size and forecast, by Type

      • 7.2.3 North America Market size and forecast, by Application

      • 7.2.4 North America Market size and forecast, by Distribution Channel

      • 7.2.5 North America Market size and forecast, by country

        • 7.2.5.1 U.S.
          • 7.2.5.1.1 Market size and forecast, by Type
          • 7.2.5.1.2 Market size and forecast, by Application
          • 7.2.5.1.3 Market size and forecast, by Distribution Channel
        • 7.2.5.2 Canada
          • 7.2.5.2.1 Market size and forecast, by Type
          • 7.2.5.2.2 Market size and forecast, by Application
          • 7.2.5.2.3 Market size and forecast, by Distribution Channel
        • 7.2.5.3 Mexico
          • 7.2.5.3.1 Market size and forecast, by Type
          • 7.2.5.3.2 Market size and forecast, by Application
          • 7.2.5.3.3 Market size and forecast, by Distribution Channel
    • 7.3 Europe

      • 7.3.1 Key trends and opportunities

      • 7.3.2 Europe Market size and forecast, by Type

      • 7.3.3 Europe Market size and forecast, by Application

      • 7.3.4 Europe Market size and forecast, by Distribution Channel

      • 7.3.5 Europe Market size and forecast, by country

        • 7.3.5.1 Germany
          • 7.3.5.1.1 Market size and forecast, by Type
          • 7.3.5.1.2 Market size and forecast, by Application
          • 7.3.5.1.3 Market size and forecast, by Distribution Channel
        • 7.3.5.2 France
          • 7.3.5.2.1 Market size and forecast, by Type
          • 7.3.5.2.2 Market size and forecast, by Application
          • 7.3.5.2.3 Market size and forecast, by Distribution Channel
        • 7.3.5.3 U.K.
          • 7.3.5.3.1 Market size and forecast, by Type
          • 7.3.5.3.2 Market size and forecast, by Application
          • 7.3.5.3.3 Market size and forecast, by Distribution Channel
        • 7.3.5.4 Italy
          • 7.3.5.4.1 Market size and forecast, by Type
          • 7.3.5.4.2 Market size and forecast, by Application
          • 7.3.5.4.3 Market size and forecast, by Distribution Channel
        • 7.3.5.5 Spain
          • 7.3.5.5.1 Market size and forecast, by Type
          • 7.3.5.5.2 Market size and forecast, by Application
          • 7.3.5.5.3 Market size and forecast, by Distribution Channel
        • 7.3.5.6 Rest of Europe
          • 7.3.5.6.1 Market size and forecast, by Type
          • 7.3.5.6.2 Market size and forecast, by Application
          • 7.3.5.6.3 Market size and forecast, by Distribution Channel
    • 7.4 Asia-Pacific

      • 7.4.1 Key trends and opportunities

      • 7.4.2 Asia-Pacific Market size and forecast, by Type

      • 7.4.3 Asia-Pacific Market size and forecast, by Application

      • 7.4.4 Asia-Pacific Market size and forecast, by Distribution Channel

      • 7.4.5 Asia-Pacific Market size and forecast, by country

        • 7.4.5.1 China
          • 7.4.5.1.1 Market size and forecast, by Type
          • 7.4.5.1.2 Market size and forecast, by Application
          • 7.4.5.1.3 Market size and forecast, by Distribution Channel
        • 7.4.5.2 Japan
          • 7.4.5.2.1 Market size and forecast, by Type
          • 7.4.5.2.2 Market size and forecast, by Application
          • 7.4.5.2.3 Market size and forecast, by Distribution Channel
        • 7.4.5.3 India
          • 7.4.5.3.1 Market size and forecast, by Type
          • 7.4.5.3.2 Market size and forecast, by Application
          • 7.4.5.3.3 Market size and forecast, by Distribution Channel
        • 7.4.5.4 South Korea
          • 7.4.5.4.1 Market size and forecast, by Type
          • 7.4.5.4.2 Market size and forecast, by Application
          • 7.4.5.4.3 Market size and forecast, by Distribution Channel
        • 7.4.5.5 Australia
          • 7.4.5.5.1 Market size and forecast, by Type
          • 7.4.5.5.2 Market size and forecast, by Application
          • 7.4.5.5.3 Market size and forecast, by Distribution Channel
        • 7.4.5.6 Rest Of Asia Pacific
          • 7.4.5.6.1 Market size and forecast, by Type
          • 7.4.5.6.2 Market size and forecast, by Application
          • 7.4.5.6.3 Market size and forecast, by Distribution Channel
    • 7.5 LAMEA

      • 7.5.1 Key trends and opportunities

      • 7.5.2 LAMEA Market size and forecast, by Type

      • 7.5.3 LAMEA Market size and forecast, by Application

      • 7.5.4 LAMEA Market size and forecast, by Distribution Channel

      • 7.5.5 LAMEA Market size and forecast, by country

        • 7.5.5.1 Brazil
          • 7.5.5.1.1 Market size and forecast, by Type
          • 7.5.5.1.2 Market size and forecast, by Application
          • 7.5.5.1.3 Market size and forecast, by Distribution Channel
        • 7.5.5.2 Argentina
          • 7.5.5.2.1 Market size and forecast, by Type
          • 7.5.5.2.2 Market size and forecast, by Application
          • 7.5.5.2.3 Market size and forecast, by Distribution Channel
        • 7.5.5.3 South Africa
          • 7.5.5.3.1 Market size and forecast, by Type
          • 7.5.5.3.2 Market size and forecast, by Application
          • 7.5.5.3.3 Market size and forecast, by Distribution Channel
        • 7.5.5.4 Saudi Arabia
          • 7.5.5.4.1 Market size and forecast, by Type
          • 7.5.5.4.2 Market size and forecast, by Application
          • 7.5.5.4.3 Market size and forecast, by Distribution Channel
        • 7.5.5.5 Rest of LAMEA
          • 7.5.5.5.1 Market size and forecast, by Type
          • 7.5.5.5.2 Market size and forecast, by Application
          • 7.5.5.5.3 Market size and forecast, by Distribution Channel
  • CHAPTER 8: COMPANY LANDSCAPE

    • 8.1. Introduction

    • 8.2. Top winning strategies

    • 8.3. Product Mapping of Top 10 Player

    • 8.4. Competitive Dashboard

    • 8.5. Competitive Heatmap

    • 8.6. Key developments

  • CHAPTER 9: COMPANY PROFILES

    • 9.1 Archer Daniels Midland Company

      • 9.1.1 Company overview

      • 9.1.2 Company snapshot

      • 9.1.3 Operating business segments

      • 9.1.4 Product portfolio

      • 9.1.5 Business performance

      • 9.1.6 Key strategic moves and developments

    • 9.2 Cargill, Incorporated

      • 9.2.1 Company overview

      • 9.2.2 Company snapshot

      • 9.2.3 Operating business segments

      • 9.2.4 Product portfolio

      • 9.2.5 Business performance

      • 9.2.6 Key strategic moves and developments

    • 9.3 ingredion

      • 9.3.1 Company overview

      • 9.3.2 Company snapshot

      • 9.3.3 Operating business segments

      • 9.3.4 Product portfolio

      • 9.3.5 Business performance

      • 9.3.6 Key strategic moves and developments

    • 9.4 Roquette America, Inc.

      • 9.4.1 Company overview

      • 9.4.2 Company snapshot

      • 9.4.3 Operating business segments

      • 9.4.4 Product portfolio

      • 9.4.5 Business performance

      • 9.4.6 Key strategic moves and developments

    • 9.5 Tate & Lyle Ingredients Americas, Inc.

      • 9.5.1 Company overview

      • 9.5.2 Company snapshot

      • 9.5.3 Operating business segments

      • 9.5.4 Product portfolio

      • 9.5.5 Business performance

      • 9.5.6 Key strategic moves and developments

    • 9.6 Karo Syrups

      • 9.6.1 Company overview

      • 9.6.2 Company snapshot

      • 9.6.3 Operating business segments

      • 9.6.4 Product portfolio

      • 9.6.5 Business performance

      • 9.6.6 Key strategic moves and developments

    • 9.7 COFCO Rongshi Bio-technology Co. Ltd.

      • 9.7.1 Company overview

      • 9.7.2 Company snapshot

      • 9.7.3 Operating business segments

      • 9.7.4 Product portfolio

      • 9.7.5 Business performance

      • 9.7.6 Key strategic moves and developments

    • 9.8 Grain Processing Corporation

      • 9.8.1 Company overview

      • 9.8.2 Company snapshot

      • 9.8.3 Operating business segments

      • 9.8.4 Product portfolio

      • 9.8.5 Business performance

      • 9.8.6 Key strategic moves and developments

    • 9.9 Global Sweetners Holdings Ltd.

      • 9.9.1 Company overview

      • 9.9.2 Company snapshot

      • 9.9.3 Operating business segments

      • 9.9.4 Product portfolio

      • 9.9.5 Business performance

      • 9.9.6 Key strategic moves and developments

    • 9.10 Xiwang Sugar Holdings Company limited

      • 9.10.1 Company overview

      • 9.10.2 Company snapshot

      • 9.10.3 Operating business segments

      • 9.10.4 Product portfolio

      • 9.10.5 Business performance

      • 9.10.6 Key strategic moves and developments

    Note: Details on financial performance and strategic moves and developments may not be captured for unlisted companies.

  • LIST OF TABLES

  • TABLE 1. GLOBAL CORN SYRUP MARKET, BY TYPE, 2021-2031,($MILLION)
    TABLE 2. CORN SYRUP MARKET REVENUE, FOR LIGHT SYRUP, BY REGION , 2021-2031,($MILLION)
    TABLE 3. CORN SYRUP MARKET FOR LIGHT SYRUP BY COUNTRY, 2021-2031,($MILLION)
    TABLE 4. CORN SYRUP MARKET REVENUE, FOR DARK SYRUP, BY REGION , 2021-2031,($MILLION)
    TABLE 5. CORN SYRUP MARKET FOR DARK SYRUP BY COUNTRY, 2021-2031,($MILLION)
    TABLE 6. CORN SYRUP MARKET REVENUE, FOR CORN SYRUP SOLIDS, BY REGION , 2021-2031,($MILLION)
    TABLE 7. CORN SYRUP MARKET FOR CORN SYRUP SOLIDS BY COUNTRY, 2021-2031,($MILLION)
    TABLE 8. CORN SYRUP MARKET REVENUE, FOR HIGH FRUCTOSE CORN SYRUP, BY REGION , 2021-2031,($MILLION)
    TABLE 9. CORN SYRUP MARKET FOR HIGH FRUCTOSE CORN SYRUP BY COUNTRY, 2021-2031,($MILLION)
    TABLE 10. GLOBAL CORN SYRUP MARKET, BY APPLICATION, 2021-2031,($MILLION)
    TABLE 11. CORN SYRUP MARKET REVENUE, FOR FOOD AND BEVERAGES, BY REGION , 2021-2031,($MILLION)
    TABLE 12. CORN SYRUP MARKET FOR FOOD AND BEVERAGES BY COUNTRY, 2021-2031,($MILLION)
    TABLE 13. CORN SYRUP MARKET REVENUE, FOR PHARMACEUTICALS, BY REGION , 2021-2031,($MILLION)
    TABLE 14. CORN SYRUP MARKET FOR PHARMACEUTICALS BY COUNTRY, 2021-2031,($MILLION)
    TABLE 15. GLOBAL CORN SYRUP MARKET, BY DISTRIBUTION CHANNEL, 2021-2031,($MILLION)
    TABLE 16. CORN SYRUP MARKET REVENUE, FOR B2B, BY REGION , 2021-2031,($MILLION)
    TABLE 17. CORN SYRUP MARKET FOR B2B BY COUNTRY, 2021-2031,($MILLION)
    TABLE 18. CORN SYRUP MARKET REVENUE, FOR B2C, BY REGION , 2021-2031,($MILLION)
    TABLE 19. CORN SYRUP MARKET FOR B2C BY COUNTRY, 2021-2031,($MILLION)
    TABLE 20. CORN SYRUP MARKET, BY REGION, 2021-2031,($MILLION)
    TABLE 21. NORTH AMERICA CORN SYRUP MARKET, BY TYPE, 2021-2031,($MILLION)
    TABLE 22. NORTH AMERICA CORN SYRUP MARKET, BY APPLICATION, 2021-2031,($MILLION)
    TABLE 23. NORTH AMERICA CORN SYRUP MARKET, BY DISTRIBUTION CHANNEL, 2021-2031,($MILLION)
    TABLE 24. NORTH AMERICA CORN SYRUP MARKET, BY COUNTRY, 2021-2031,($MILLION)
    TABLE 25. U.S. CORN SYRUP MARKET, BY TYPE, 2021-2031,($MILLION)
    TABLE 26. U.S. CORN SYRUP MARKET, BY APPLICATION, 2021-2031,($MILLION)
    TABLE 27. U.S. CORN SYRUP MARKET, BY DISTRIBUTION CHANNEL, 2021-2031,($MILLION)
    TABLE 28. CANADA CORN SYRUP MARKET, BY TYPE, 2021-2031,($MILLION)
    TABLE 29. CANADA CORN SYRUP MARKET, BY APPLICATION, 2021-2031,($MILLION)
    TABLE 30. CANADA CORN SYRUP MARKET, BY DISTRIBUTION CHANNEL, 2021-2031,($MILLION)
    TABLE 31. MEXICO CORN SYRUP MARKET, BY TYPE, 2021-2031,($MILLION)
    TABLE 32. MEXICO CORN SYRUP MARKET, BY APPLICATION, 2021-2031,($MILLION)
    TABLE 33. MEXICO CORN SYRUP MARKET, BY DISTRIBUTION CHANNEL, 2021-2031,($MILLION)
    TABLE 34. EUROPE CORN SYRUP MARKET, BY TYPE, 2021-2031,($MILLION)
    TABLE 35. EUROPE CORN SYRUP MARKET, BY APPLICATION, 2021-2031,($MILLION)
    TABLE 36. EUROPE CORN SYRUP MARKET, BY DISTRIBUTION CHANNEL, 2021-2031,($MILLION)
    TABLE 37. EUROPE CORN SYRUP MARKET, BY COUNTRY, 2021-2031,($MILLION)
    TABLE 38. GERMANY CORN SYRUP MARKET, BY TYPE, 2021-2031,($MILLION)
    TABLE 39. GERMANY CORN SYRUP MARKET, BY APPLICATION, 2021-2031,($MILLION)
    TABLE 40. GERMANY CORN SYRUP MARKET, BY DISTRIBUTION CHANNEL, 2021-2031,($MILLION)
    TABLE 41. FRANCE CORN SYRUP MARKET, BY TYPE, 2021-2031,($MILLION)
    TABLE 42. FRANCE CORN SYRUP MARKET, BY APPLICATION, 2021-2031,($MILLION)
    TABLE 43. FRANCE CORN SYRUP MARKET, BY DISTRIBUTION CHANNEL, 2021-2031,($MILLION)
    TABLE 44. U.K. CORN SYRUP MARKET, BY TYPE, 2021-2031,($MILLION)
    TABLE 45. U.K. CORN SYRUP MARKET, BY APPLICATION, 2021-2031,($MILLION)
    TABLE 46. U.K. CORN SYRUP MARKET, BY DISTRIBUTION CHANNEL, 2021-2031,($MILLION)
    TABLE 47. ITALY CORN SYRUP MARKET, BY TYPE, 2021-2031,($MILLION)
    TABLE 48. ITALY CORN SYRUP MARKET, BY APPLICATION, 2021-2031,($MILLION)
    TABLE 49. ITALY CORN SYRUP MARKET, BY DISTRIBUTION CHANNEL, 2021-2031,($MILLION)
    TABLE 50. SPAIN CORN SYRUP MARKET, BY TYPE, 2021-2031,($MILLION)
    TABLE 51. SPAIN CORN SYRUP MARKET, BY APPLICATION, 2021-2031,($MILLION)
    TABLE 52. SPAIN CORN SYRUP MARKET, BY DISTRIBUTION CHANNEL, 2021-2031,($MILLION)
    TABLE 53. REST OF EUROPE CORN SYRUP MARKET, BY TYPE, 2021-2031,($MILLION)
    TABLE 54. REST OF EUROPE CORN SYRUP MARKET, BY APPLICATION, 2021-2031,($MILLION)
    TABLE 55. REST OF EUROPE CORN SYRUP MARKET, BY DISTRIBUTION CHANNEL, 2021-2031,($MILLION)
    TABLE 56. ASIA-PACIFIC CORN SYRUP MARKET, BY TYPE, 2021-2031,($MILLION)
    TABLE 57. ASIA-PACIFIC CORN SYRUP MARKET, BY APPLICATION, 2021-2031,($MILLION)
    TABLE 58. ASIA-PACIFIC CORN SYRUP MARKET, BY DISTRIBUTION CHANNEL, 2021-2031,($MILLION)
    TABLE 59. ASIA-PACIFIC CORN SYRUP MARKET, BY COUNTRY, 2021-2031,($MILLION)
    TABLE 60. CHINA CORN SYRUP MARKET, BY TYPE, 2021-2031,($MILLION)
    TABLE 61. CHINA CORN SYRUP MARKET, BY APPLICATION, 2021-2031,($MILLION)
    TABLE 62. CHINA CORN SYRUP MARKET, BY DISTRIBUTION CHANNEL, 2021-2031,($MILLION)
    TABLE 63. JAPAN CORN SYRUP MARKET, BY TYPE, 2021-2031,($MILLION)
    TABLE 64. JAPAN CORN SYRUP MARKET, BY APPLICATION, 2021-2031,($MILLION)
    TABLE 65. JAPAN CORN SYRUP MARKET, BY DISTRIBUTION CHANNEL, 2021-2031,($MILLION)
    TABLE 66. INDIA CORN SYRUP MARKET, BY TYPE, 2021-2031,($MILLION)
    TABLE 67. INDIA CORN SYRUP MARKET, BY APPLICATION, 2021-2031,($MILLION)
    TABLE 68. INDIA CORN SYRUP MARKET, BY DISTRIBUTION CHANNEL, 2021-2031,($MILLION)
    TABLE 69. SOUTH KOREA CORN SYRUP MARKET, BY TYPE, 2021-2031,($MILLION)
    TABLE 70. SOUTH KOREA CORN SYRUP MARKET, BY APPLICATION, 2021-2031,($MILLION)
    TABLE 71. SOUTH KOREA CORN SYRUP MARKET, BY DISTRIBUTION CHANNEL, 2021-2031,($MILLION)
    TABLE 72. AUSTRALIA CORN SYRUP MARKET, BY TYPE, 2021-2031,($MILLION)
    TABLE 73. AUSTRALIA CORN SYRUP MARKET, BY APPLICATION, 2021-2031,($MILLION)
    TABLE 74. AUSTRALIA CORN SYRUP MARKET, BY DISTRIBUTION CHANNEL, 2021-2031,($MILLION)
    TABLE 75. REST OF ASIA PACIFIC CORN SYRUP MARKET, BY TYPE, 2021-2031,($MILLION)
    TABLE 76. REST OF ASIA PACIFIC CORN SYRUP MARKET, BY APPLICATION, 2021-2031,($MILLION)
    TABLE 77. REST OF ASIA PACIFIC CORN SYRUP MARKET, BY DISTRIBUTION CHANNEL, 2021-2031,($MILLION)
    TABLE 78. LAMEA CORN SYRUP MARKET, BY TYPE, 2021-2031,($MILLION)
    TABLE 79. LAMEA CORN SYRUP MARKET, BY APPLICATION, 2021-2031,($MILLION)
    TABLE 80. LAMEA CORN SYRUP MARKET, BY DISTRIBUTION CHANNEL, 2021-2031,($MILLION)
    TABLE 81. LAMEA CORN SYRUP MARKET, BY COUNTRY, 2021-2031,($MILLION)
    TABLE 82. BRAZIL CORN SYRUP MARKET, BY TYPE, 2021-2031,($MILLION)
    TABLE 83. BRAZIL CORN SYRUP MARKET, BY APPLICATION, 2021-2031,($MILLION)
    TABLE 84. BRAZIL CORN SYRUP MARKET, BY DISTRIBUTION CHANNEL, 2021-2031,($MILLION)
    TABLE 85. ARGENTINA CORN SYRUP MARKET, BY TYPE, 2021-2031,($MILLION)
    TABLE 86. ARGENTINA CORN SYRUP MARKET, BY APPLICATION, 2021-2031,($MILLION)
    TABLE 87. ARGENTINA CORN SYRUP MARKET, BY DISTRIBUTION CHANNEL, 2021-2031,($MILLION)
    TABLE 88. SOUTH AFRICA CORN SYRUP MARKET, BY TYPE, 2021-2031,($MILLION)
    TABLE 89. SOUTH AFRICA CORN SYRUP MARKET, BY APPLICATION, 2021-2031,($MILLION)
    TABLE 90. SOUTH AFRICA CORN SYRUP MARKET, BY DISTRIBUTION CHANNEL, 2021-2031,($MILLION)
    TABLE 91. SAUDI ARABIA CORN SYRUP MARKET, BY TYPE, 2021-2031,($MILLION)
    TABLE 92. SAUDI ARABIA CORN SYRUP MARKET, BY APPLICATION, 2021-2031,($MILLION)
    TABLE 93. SAUDI ARABIA CORN SYRUP MARKET, BY DISTRIBUTION CHANNEL, 2021-2031,($MILLION)
    TABLE 94. REST OF LAMEA CORN SYRUP MARKET, BY TYPE, 2021-2031,($MILLION)
    TABLE 95. REST OF LAMEA CORN SYRUP MARKET, BY APPLICATION, 2021-2031,($MILLION)
    TABLE 96. REST OF LAMEA CORN SYRUP MARKET, BY DISTRIBUTION CHANNEL, 2021-2031,($MILLION)
    TABLE 97.ARCHER DANIELS MIDLAND COMPANY: COMPANY SNAPSHOT
    TABLE 98.ARCHER DANIELS MIDLAND COMPANY: OPERATING SEGMENTS
    TABLE 99.ARCHER DANIELS MIDLAND COMPANY: PRODUCT PORTFOLIO
    TABLE 100.ARCHER DANIELS MIDLAND COMPANY: NET SALES,
    TABLE 101.ARCHER DANIELS MIDLAND COMPANY: KEY STRATERGIES
    TABLE 102.CARGILL, INCORPORATED: COMPANY SNAPSHOT
    TABLE 103.CARGILL, INCORPORATED: OPERATING SEGMENTS
    TABLE 104.CARGILL, INCORPORATED: PRODUCT PORTFOLIO
    TABLE 105.CARGILL, INCORPORATED: NET SALES,
    TABLE 106.CARGILL, INCORPORATED: KEY STRATERGIES
    TABLE 107.INGREDION: COMPANY SNAPSHOT
    TABLE 108.INGREDION: OPERATING SEGMENTS
    TABLE 109.INGREDION: PRODUCT PORTFOLIO
    TABLE 110.INGREDION: NET SALES,
    TABLE 111.INGREDION: KEY STRATERGIES
    TABLE 112.ROQUETTE AMERICA, INC.: COMPANY SNAPSHOT
    TABLE 113.ROQUETTE AMERICA, INC.: OPERATING SEGMENTS
    TABLE 114.ROQUETTE AMERICA, INC.: PRODUCT PORTFOLIO
    TABLE 115.ROQUETTE AMERICA, INC.: NET SALES,
    TABLE 116.ROQUETTE AMERICA, INC.: KEY STRATERGIES
    TABLE 117.TATE & LYLE INGREDIENTS AMERICAS, INC.: COMPANY SNAPSHOT
    TABLE 118.TATE & LYLE INGREDIENTS AMERICAS, INC.: OPERATING SEGMENTS
    TABLE 119.TATE & LYLE INGREDIENTS AMERICAS, INC.: PRODUCT PORTFOLIO
    TABLE 120.TATE & LYLE INGREDIENTS AMERICAS, INC.: NET SALES,
    TABLE 121.TATE & LYLE INGREDIENTS AMERICAS, INC.: KEY STRATERGIES
    TABLE 122.KARO SYRUPS: COMPANY SNAPSHOT
    TABLE 123.KARO SYRUPS: OPERATING SEGMENTS
    TABLE 124.KARO SYRUPS: PRODUCT PORTFOLIO
    TABLE 125.KARO SYRUPS: NET SALES,
    TABLE 126.KARO SYRUPS: KEY STRATERGIES
    TABLE 127.COFCO RONGSHI BIO-TECHNOLOGY CO. LTD.: COMPANY SNAPSHOT
    TABLE 128.COFCO RONGSHI BIO-TECHNOLOGY CO. LTD.: OPERATING SEGMENTS
    TABLE 129.COFCO RONGSHI BIO-TECHNOLOGY CO. LTD.: PRODUCT PORTFOLIO
    TABLE 130.COFCO RONGSHI BIO-TECHNOLOGY CO. LTD.: NET SALES,
    TABLE 131.COFCO RONGSHI BIO-TECHNOLOGY CO. LTD.: KEY STRATERGIES
    TABLE 132.GRAIN PROCESSING CORPORATION: COMPANY SNAPSHOT
    TABLE 133.GRAIN PROCESSING CORPORATION: OPERATING SEGMENTS
    TABLE 134.GRAIN PROCESSING CORPORATION: PRODUCT PORTFOLIO
    TABLE 135.GRAIN PROCESSING CORPORATION: NET SALES,
    TABLE 136.GRAIN PROCESSING CORPORATION: KEY STRATERGIES
    TABLE 137.GLOBAL SWEETNERS HOLDINGS LTD.: COMPANY SNAPSHOT
    TABLE 138.GLOBAL SWEETNERS HOLDINGS LTD.: OPERATING SEGMENTS
    TABLE 139.GLOBAL SWEETNERS HOLDINGS LTD.: PRODUCT PORTFOLIO
    TABLE 140.GLOBAL SWEETNERS HOLDINGS LTD.: NET SALES,
    TABLE 141.GLOBAL SWEETNERS HOLDINGS LTD.: KEY STRATERGIES
    TABLE 142.XIWANG SUGAR HOLDINGS COMPANY LIMITED: COMPANY SNAPSHOT
    TABLE 143.XIWANG SUGAR HOLDINGS COMPANY LIMITED: OPERATING SEGMENTS
    TABLE 144.XIWANG SUGAR HOLDINGS COMPANY LIMITED: PRODUCT PORTFOLIO
    TABLE 145.XIWANG SUGAR HOLDINGS COMPANY LIMITED: NET SALES,
    TABLE 146.XIWANG SUGAR HOLDINGS COMPANY LIMITED: KEY STRATERGIES
  • LIST OF FIGURES

  • FIGURE 1.CORN SYRUP MARKET SEGMENTATION
    FIGURE 2.CORN SYRUP MARKET,2021-2031
    FIGURE 3.CORN SYRUP MARKET,2021-2031
    FIGURE 4. TOP INVESTMENT POCKETS, BY REGION
    FIGURE 5.PORTER FIVE-1
    FIGURE 6.PORTER FIVE-2
    FIGURE 7.PORTER FIVE-3
    FIGURE 8.PORTER FIVE-4
    FIGURE 9.PORTER FIVE-5
    FIGURE 10.TOP PLAYER POSITIONING
    FIGURE 11.CORN SYRUP MARKET:DRIVERS, RESTRAINTS AND OPPORTUNITIES
    FIGURE 12.VALUE CHAIN ANALYSIS
    FIGURE 13.MARKET SHARE ANALYSIS
    FIGURE 14.CORN SYRUP MARKET,BY TYPE,2021(%)
    FIGURE 15.COMPARATIVE SHARE ANALYSIS OF LIGHT SYRUP CORN SYRUP MARKET,2021-2031(%)
    FIGURE 16.COMPARATIVE SHARE ANALYSIS OF DARK SYRUP CORN SYRUP MARKET,2021-2031(%)
    FIGURE 17.COMPARATIVE SHARE ANALYSIS OF CORN SYRUP SOLIDS CORN SYRUP MARKET,2021-2031(%)
    FIGURE 18.COMPARATIVE SHARE ANALYSIS OF HIGH FRUCTOSE CORN SYRUP CORN SYRUP MARKET,2021-2031(%)
    FIGURE 19.CORN SYRUP MARKET,BY APPLICATION,2021(%)
    FIGURE 20.COMPARATIVE SHARE ANALYSIS OF FOOD AND BEVERAGES CORN SYRUP MARKET,2021-2031(%)
    FIGURE 21.COMPARATIVE SHARE ANALYSIS OF PHARMACEUTICALS CORN SYRUP MARKET,2021-2031(%)
    FIGURE 22.CORN SYRUP MARKET,BY DISTRIBUTION CHANNEL,2021(%)
    FIGURE 23.COMPARATIVE SHARE ANALYSIS OF B2B CORN SYRUP MARKET,2021-2031(%)
    FIGURE 24.COMPARATIVE SHARE ANALYSIS OF B2C CORN SYRUP MARKET,2021-2031(%)
    FIGURE 25.CORN SYRUP MARKET BY REGION,2021
    FIGURE 26.U.S. CORN SYRUP MARKET,2021-2031($MILLION)
    FIGURE 27.CANADA CORN SYRUP MARKET,2021-2031($MILLION)
    FIGURE 28.MEXICO CORN SYRUP MARKET,2021-2031($MILLION)
    FIGURE 29.GERMANY CORN SYRUP MARKET,2021-2031($MILLION)
    FIGURE 30.FRANCE CORN SYRUP MARKET,2021-2031($MILLION)
    FIGURE 31.U.K. CORN SYRUP MARKET,2021-2031($MILLION)
    FIGURE 32.ITALY CORN SYRUP MARKET,2021-2031($MILLION)
    FIGURE 33.SPAIN CORN SYRUP MARKET,2021-2031($MILLION)
    FIGURE 34.REST OF EUROPE CORN SYRUP MARKET,2021-2031($MILLION)
    FIGURE 35.CHINA CORN SYRUP MARKET,2021-2031($MILLION)
    FIGURE 36.JAPAN CORN SYRUP MARKET,2021-2031($MILLION)
    FIGURE 37.INDIA CORN SYRUP MARKET,2021-2031($MILLION)
    FIGURE 38.SOUTH KOREA CORN SYRUP MARKET,2021-2031($MILLION)
    FIGURE 39.AUSTRALIA CORN SYRUP MARKET,2021-2031($MILLION)
    FIGURE 40.REST OF ASIA PACIFIC CORN SYRUP MARKET,2021-2031($MILLION)
    FIGURE 41.BRAZIL CORN SYRUP MARKET,2021-2031($MILLION)
    FIGURE 42.ARGENTINA CORN SYRUP MARKET,2021-2031($MILLION)
    FIGURE 43.SOUTH AFRICA CORN SYRUP MARKET,2021-2031($MILLION)
    FIGURE 44.SAUDI ARABIA CORN SYRUP MARKET,2021-2031($MILLION)
    FIGURE 45.REST OF LAMEA CORN SYRUP MARKET,2021-2031($MILLION)
    FIGURE 46. TOP WINNING STRATEGIES, BY YEAR
    FIGURE 47. TOP WINNING STRATEGIES, BY DEVELOPMENT
    FIGURE 48. TOP WINNING STRATEGIES, BY COMPANY
    FIGURE 49.PRODUCT MAPPING OF TOP 10 PLAYERS
    FIGURE 50.COMPETITIVE DASHBOARD
    FIGURE 51.COMPETITIVE HEATMAP OF TOP 10 KEY PLAYERS
    FIGURE 52.ARCHER DANIELS MIDLAND COMPANY.: NET SALES ,($MILLION)
    FIGURE 53.CARGILL, INCORPORATED.: NET SALES ,($MILLION)
    FIGURE 54.INGREDION.: NET SALES ,($MILLION)
    FIGURE 55.ROQUETTE AMERICA, INC..: NET SALES ,($MILLION)
    FIGURE 56.TATE & LYLE INGREDIENTS AMERICAS, INC..: NET SALES ,($MILLION)
    FIGURE 57.KARO SYRUPS.: NET SALES ,($MILLION)
    FIGURE 58.COFCO RONGSHI BIO-TECHNOLOGY CO. LTD..: NET SALES ,($MILLION)
    FIGURE 59.GRAIN PROCESSING CORPORATION.: NET SALES ,($MILLION)
    FIGURE 60.GLOBAL SWEETNERS HOLDINGS LTD..: NET SALES ,($MILLION)
    FIGURE 61.XIWANG SUGAR HOLDINGS COMPANY LIMITED.: NET SALES ,($MILLION)

 
 

As per the insights of CXOs, the demand for baking products is rising significantly in emerging markets. According to Del Monte—a leading food processing and distribution company in North America—its new product launches are gaining rapid traction among household bakers. The e-commerce sites like Snapdeal, Wal Mart, Amazon, and Flipkart is witnessing a surge in demand for bakeware. Puratos, a Belgium-based confectioner, bakery, and chocolate producer, opened a school for helping those who want to learn about baking. The changing consumer preferences toward baked foods are reflecting a surge in demand for bakery products in developing markets. There is a gap in the availability of experienced and skilled craftsmen in the patisserie and bakery industry in India. Hence, Puratos established experience centers to offer assistance to the small and medium bakers to perfect the art of bakery. These initiatives taken up by major food manufacturers are expected to positively impact the demand for corn syrup, as corn syrup and corn syrup-based sauces are extensively used in the production of bakery products.

The CXOs further added that major players in the corn syrup market are adopting business expansion as a key strategy for their long-term growth. The key players such as Archer Daniels Midland Company, Cargill, Incorporated, and Tate & Lyle Plc are heavily investing in setting up new manufacturing facilities at various locations to meet the growing demand of corn syrup due to rise in need for food & beverages. For instance, in October 2021, Tate & Lyle Plc. opened a new state-of-the-art food & beverage Technical Application Centre in Dubai to promote R&D activities and to help improve the quality of its products.

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FREQUENTLY ASKED QUESTIONS?
 

A. The global corn syrup market was valued at $9,805.2 million in 2021, and is estimated to reach $13,532.1 million by 2031, registering a CAGR of 3.2% from 2022 to 2031.

A. The global corn syrup market is expected to grow at a significant CAGR of 3.2% from 2022 to 2031.

A. The sample of the Global Corn Syrup Market report is available on request on the website of Allied Market Research.

A. The forecast period calculated in the global corn syrup market report is from 2022 to 2031.

A. The major players operating in the market include Archer Daniels Midland Company, Cargill, Incorporated, Associated British Foods Plc., COFCO Corporation, Global Sweeteners Holdings Ltd., Ingredion Incorporated, Kent Corporation, Luzhou Bio-chem Technology Limited, Roquette Freres, and Tate and Lyle PLC.

A. The global corn syrup market is segmented into type, application, distribution channel, and region. On the basis of type, the market is segregated into light syrup, dark syrup, corn syrup solids, and HFCS. Depending on application, it is categorized into food & beverages and pharmaceuticals. By distribution channel, it is divided into B2B and B2C. Region wise, it is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and rest of Asia-Pacific), and LAMEA (Brazil, Argentina, South Africa, Saudi Arabia, and rest of LAMEA).

A. Asia-Pacific is expected to witness the highest growth rate during the forecast period, owing to the rising demand from the food and beverages industry in the region .

A. Region wise, North America dominated the global corn syrup market in 2021 with highest revenue share, owing to the fact that the U.S. is the highest producer and consumer of corn syrup. This is attributed to huge demand for processed food, confectioneries, baked food, and ready-to-drink beverages in the U.S.

A. The outbreak of COVID-19 pandemic in 2020 negatively impacted the revenues of the corn syrup industry. The closure of manufacturing facilities, lack of labor, lack of raw materials, and disruptions in the supply chain, owing to the lockdown restrictions imposed by the government to curb the spread of the virus had an adverse impact on the corn syrup market.

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