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The China corn glucose market reached a value of US$ 1.03 Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 3% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Corn glucose refers to a type of glucose syrup that is obtained by the hydrolysis of corn starch. It is widely utilized in the food and beverages sector to enhance the flavor, texture, color of several food preparations. It also helps to prevent the crystallization of sugar and hence, is used as a substitute for sugar in the preparation of confectionery, tinned fruits, sorbets, beverages, jams, and ketchup. Apart from this, it is also utilized across the pharmaceutical industry in the formulation of numerous medicines, including vitamin tonics and cough syrups.
The market in China is primarily driven by significant growth across the food and beverages industry. Moreover, the widespread usage of corn glucose in the preparation of bakery food products due to the shifting dietary preferences of individuals is also providing a boost to the market growth. Along with this, numerous major players are also engaging in merger and acquisition (M&A) activities to create numerous growth opportunities in the market. Some of the other factors contributing to the market growth include the rising health-consciousness among the masses and the easy product availability through offline and online organized retail channels across the country.
IMARC Group provides an analysis of the key trends in each sub-segment of the China corn glucose market, along with forecasts at the country and regional level from 2021-2026. Our report has categorized the market based on type and end use industry.
Breakup by Type:
Breakup by End Use Industry:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
|Base Year of the Analysis||2020|
|Segment Coverage||Type, End Use Industry, Region|
|Region Covered||Guangdong, Jiangsu, Shandong, Zhejiang, Henan|
|Customization Scope||10% Free Customization|
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The China corn glucose market was valued at US$ 1.06 Billion in 2021.
We expect the China corn glucose market to exhibit a CAGR of 3.56% during 2022-2027.
The rising utilization of corn glucose in the production of packaged food products, tonics, and
syrups, is primarily catalyzing the China corn glucose market.
The sudden outbreak of the COVID-19 pandemic has led to the increasing demand for corn glucose
as it is widely utilized in the pharmaceutical industry for formulating numerous medicines, including
vitamin tonics and cough syrups, that can treat coronavirus infected patients.
Based on the type, the China corn glucose market has been segmented into HFCS 42, HFCS 55, and
others. Currently, HFCS 42 represents the largest market share.
Based on the end use industry, the China corn glucose market can be bifurcated into food and
beverages, pharmaceuticals, personal care products, paper products, and others. Among these, the
food and beverage industry accounts for the majority of the total market share.
On a regional level, the market has been classified into Guangdong, Jiangsu, Shandong, Zhejiang,
Henan, and others, where Guangdong currently dominates the China corn glucose market.
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