According to a new report, published by KBV research, The Global Corn Syrup Market size is expected to reach $11.1 billion by 2028, rising at a market growth of 4.0% CAGR during the forecast period.
The Pharmaceuticals segment is showcasing a CAGR of 6.4% during (2022 - 2028). The growth of the segment is rising due to the rapid uptake of HFCS and corn syrup solids in the manufacture of numerous tablets or capsule forms of medication. This is attributed to the fact that corn syrup facilitates absorption and permits the medications to disintegrate into smaller pieces.
The B2C segment acquired maximum revenue share in the Global Corn Syrup Market by Distribution Channel in 2021 thereby, achieving a market value of $7.7 billion by 2028. The exponential surge in the growth of the segment is due to the increased adoption of online platforms for food delivery all over the world. Various online platforms are delivering fresh food and beverages in very short periods of time. Additionally, corn syrup producers place a strong emphasis on their marketing plans in an effort to get consumers to purchase corn syrup.
The High Fructose segment has shown growth rate of 3.7 % during the forecast period. The massive demand for HFCS among the food and beverage along with pharmaceutical industries for the development of diverse items is responsible for the surge in the growth. Moreover, HFCS is one of the most popular types of corn syrup due to its high fructose content as well as the ability to substitute various sucrose ingredients.
The North America market dominated the Global Corn Syrup Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $4.3 billion by 2028. The Europe market is poised to grow at a CAGR of 3.8% during (2022 - 2028). Additionally, The Asia Pacific market would witness a CAGR of 4.8% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/corn-syrup-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.
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