The North America Corn Syrup Market would witness market growth of 3.4% CAGR during the forecast period (2022-2028).
The main functions of corn syrup in commercially produced foods are as a thickening agent, a sweetener, and as a humectant, which is an ingredient that holds onto moisture and preserves the freshness of food. Most commercial pancake syrup products use corn syrup as their main ingredient as a less expensive solution than maple syrup. High-fructose corn syrup and domestically manufactured corn syrup are less expensive substitutes that are frequently utilized in various processed and mass-produced goods, candy, soft drinks, as well as fruit drinks because cane sugar restrictions in several countries increased the price of sugar.
Before high fructose corn syrup manufacture was widely used, glucose syrup was the main corn sweetener all over the world. A variation is corn syrup, where some of the glucose is converted into fructose using different enzymes. The end product is a sweeter, more soluble syrup. Sugar glass can be created by combining corn syrup, water, sugar, and cream of tartar.
North America is one of the largest consumers of high fructose corn syrup. The growing demand for HFCS in the United States is a major factor in the growth of the regional market. The widespread use of high-fructose corn syrup in the bakery, confectionery, and beverage sectors, particularly in the production of soft drinks, has significantly increased the demand for HFCS sweeteners across the nation. The HFCS 42 (used in processed foods, beverages, cereals, and baked products), HFCS 55 & HFCS 65 (used in the production of soft drinks), and HFCS 70 (used in filling jellies) are the most popular types of HFCS utilized across the United States.
The US market dominated the North America Corn Syrup Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $3,108.2 Million by 2028. The Canada market is poised to grow at a CAGR of 5.7% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 4.8% during (2022 - 2028).
Based on Application, the market is segmented into Food & Beverages and Pharmaceuticals. Based on Distribution Channel, the market is segmented into B2C and B2B. Based on Type, the market is segmented into High Fructose, Light, Dark, and Solid. The report also covers geographical segmentation of Corn Syrup market. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Corn Syrup Market is Estimated to reach $11.1 Billion by 2028, at a CAGR of 4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include ACH Food Companies, Inc. (Karo), Grain Processing Corporation (Kent Corporation), Global Sweetners Holdings Ltd., Archer Daniels Midland Company, Cargill Corporation, Ingredion, Incorporated, Tate & Lyle PLC, and COFCO Corporation.
Scope of the Study
Market Segments Covered in the Report:
By Application
- Food & Beverages
- Pharmaceuticals
By Distribution Channel
By Type
- High Fructose
- Light
- Dark
- Solid
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- ACH Food Companies, Inc. (Karo)
- Grain Processing Corporation (Kent Corporation)
- Global Sweetners Holdings Ltd.
- Archer Daniels Midland Company
- Cargill Corporation
- Ingredion, Incorporated
- Tate & Lyle PLC
- COFCO Corporation
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Corn Syrup Market, by Application
1.4.2 North America Corn Syrup Market, by Distribution Channel
1.4.3 North America Corn Syrup Market, by Type
1.4.4 North America Corn Syrup Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market composition and scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. North America Corn Syrup Market by Application
3.1 North America Food & Beverages Market by Country
3.2 North America Pharmaceuticals Market by Country
Chapter 4. North America Corn Syrup Market by Distribution Channel
4.1 North America B2C Market by Country
4.2 North America B2B Market by Country
Chapter 5. North America Corn Syrup Market by Type
5.1 North America High Fructose Market by Country
5.2 North America Light Market by Country
5.3 North America Dark Market by Country
5.4 North America Solid Market by Country
Chapter 6. North America Corn Syrup Market by Country
6.1 US Corn Syrup Market
6.1.1 US Corn Syrup Market by Application
6.1.2 US Corn Syrup Market by Distribution Channel
6.1.3 US Corn Syrup Market by Type
6.2 Canada Corn Syrup Market
6.2.1 Canada Corn Syrup Market by Application
6.2.2 Canada Corn Syrup Market by Distribution Channel
6.2.3 Canada Corn Syrup Market by Type
6.3 Mexico Corn Syrup Market
6.3.1 Mexico Corn Syrup Market by Application
6.3.2 Mexico Corn Syrup Market by Distribution Channel
6.3.3 Mexico Corn Syrup Market by Type
6.4 Rest of North America Corn Syrup Market
6.4.1 Rest of North America Corn Syrup Market by Application
6.4.2 Rest of North America Corn Syrup Market by Distribution Channel
6.4.3 Rest of North America Corn Syrup Market by Type
Chapter 7. Company Profiles
7.1 ACH Food Companies, Inc. (Karo)
7.1.1 Company Overview
7.2 Grain Processing Corporation (Kent Corporation)
7.2.1 Company Overview
7.3 Global Sweetners Holdings Ltd.
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.4 Archer Daniels Midland Company
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental and Regional Analysis
7.4.4 Research & Development Expense
7.5 Cargill Corporation
7.5.1 Company Overview
7.6 Ingredion, Incorporated
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Regional Analysis
7.6.4 Research & Development Expense
7.7 Tate & Lyle PLC
7.7.1 Company Overview
7.7.2 Financial Analysis
7.7.3 Segmental Analysis
7.7.4 Research & Development Expense
7.8 COFCO Corporation
7.8.1 Company Overview
TABLE 1 North America Corn Syrup Market, 2018 - 2021, USD Million
TABLE 2 North America Corn Syrup Market, 2022 - 2028, USD Million
TABLE 3 North America Corn Syrup Market by Application, 2018 - 2021, USD Million
TABLE 4 North America Corn Syrup Market by Application, 2022 - 2028, USD Million
TABLE 5 North America Food & Beverages Market by Country, 2018 - 2021, USD Million
TABLE 6 North America Food & Beverages Market by Country, 2022 - 2028, USD Million
TABLE 7 North America Pharmaceuticals Market by Country, 2018 - 2021, USD Million
TABLE 8 North America Pharmaceuticals Market by Country, 2022 - 2028, USD Million
TABLE 9 North America Corn Syrup Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 10 North America Corn Syrup Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 11 North America B2C Market by Country, 2018 - 2021, USD Million
TABLE 12 North America B2C Market by Country, 2022 - 2028, USD Million
TABLE 13 North America B2B Market by Country, 2018 - 2021, USD Million
TABLE 14 North America B2B Market by Country, 2022 - 2028, USD Million
TABLE 15 North America Corn Syrup Market by Type, 2018 - 2021, USD Million
TABLE 16 North America Corn Syrup Market by Type, 2022 - 2028, USD Million
TABLE 17 North America High Fructose Market by Country, 2018 - 2021, USD Million
TABLE 18 North America High Fructose Market by Country, 2022 - 2028, USD Million
TABLE 19 North America Light Market by Country, 2018 - 2021, USD Million
TABLE 20 North America Light Market by Country, 2022 - 2028, USD Million
TABLE 21 North America Dark Market by Country, 2018 - 2021, USD Million
TABLE 22 North America Dark Market by Country, 2022 - 2028, USD Million
TABLE 23 North America Solid Market by Country, 2018 - 2021, USD Million
TABLE 24 North America Solid Market by Country, 2022 - 2028, USD Million
TABLE 25 North America Corn Syrup Market by Country, 2018 - 2021, USD Million
TABLE 26 North America Corn Syrup Market by Country, 2022 - 2028, USD Million
TABLE 27 US Corn Syrup Market, 2018 - 2021, USD Million
TABLE 28 US Corn Syrup Market, 2022 - 2028, USD Million
TABLE 29 US Corn Syrup Market by Application, 2018 - 2021, USD Million
TABLE 30 US Corn Syrup Market by Application, 2022 - 2028, USD Million
TABLE 31 US Corn Syrup Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 32 US Corn Syrup Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 33 US Corn Syrup Market by Type, 2018 - 2021, USD Million
TABLE 34 US Corn Syrup Market by Type, 2022 - 2028, USD Million
TABLE 35 Canada Corn Syrup Market, 2018 - 2021, USD Million
TABLE 36 Canada Corn Syrup Market, 2022 - 2028, USD Million
TABLE 37 Canada Corn Syrup Market by Application, 2018 - 2021, USD Million
TABLE 38 Canada Corn Syrup Market by Application, 2022 - 2028, USD Million
TABLE 39 Canada Corn Syrup Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 40 Canada Corn Syrup Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 41 Canada Corn Syrup Market by Type, 2018 - 2021, USD Million
TABLE 42 Canada Corn Syrup Market by Type, 2022 - 2028, USD Million
TABLE 43 Mexico Corn Syrup Market, 2018 - 2021, USD Million
TABLE 44 Mexico Corn Syrup Market, 2022 - 2028, USD Million
TABLE 45 Mexico Corn Syrup Market by Application, 2018 - 2021, USD Million
TABLE 46 Mexico Corn Syrup Market by Application, 2022 - 2028, USD Million
TABLE 47 Mexico Corn Syrup Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 48 Mexico Corn Syrup Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 49 Mexico Corn Syrup Market by Type, 2018 - 2021, USD Million
TABLE 50 Mexico Corn Syrup Market by Type, 2022 - 2028, USD Million
TABLE 51 Rest of North America Corn Syrup Market, 2018 - 2021, USD Million
TABLE 52 Rest of North America Corn Syrup Market, 2022 - 2028, USD Million
TABLE 53 Rest of North America Corn Syrup Market by Application, 2018 - 2021, USD Million
TABLE 54 Rest of North America Corn Syrup Market by Application, 2022 - 2028, USD Million
TABLE 55 Rest of North America Corn Syrup Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 56 Rest of North America Corn Syrup Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 57 Rest of North America Corn Syrup Market by Type, 2018 - 2021, USD Million
TABLE 58 Rest of North America Corn Syrup Market by Type, 2022 - 2028, USD Million
TABLE 59 Key Information – ACH Food Companies, Inc.
TABLE 60 Key Information – Grain Processing Corporation
TABLE 61 key information – Global Sweetners Holdings Ltd.
TABLE 62 key Information – Archer Daniels Midland Company
TABLE 63 Key Information – Cargill Corporation
TABLE 64 Key Information – Ingredion, Incorporated
TABLE 65 Key Information – Tate & Lyle PLC
TABLE 66 Key Information – COFCO Corporation
List of Figures
FIG 1 Methodology for the research