China Corn Glucose Market Report by Type (HFCS 42, HFCS 55, and Others), End Use Industry (Food and Beverages, Pharmaceuticals, Personal Care Products, Paper Products, and Others), and Region 2024-2032
The China corn glucose market size reached US$ 1.13 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 1.49 Billion by 2032, exhibiting a growth rate (CAGR) of 3% during 2024-2032.
Report Attribute
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023
US$ 1.13 Billion
Market Forecast in 2032
US$ 1.49 Billion
Market Growth Rate 2024-2032
3%
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.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the China corn glucose market report, along with forecasts at the country and regional level from 2024-2032. Our report has categorized the market based on type and end use industry.
Breakup by Type:
HFCS 42
HFCS 55
Others
Breakup by End Use Industry:
Food and Beverages
Pharmaceuticals
Personal Care Products
Paper Products
Others
Breakup by Region:
Guangdong
Jiangsu
Shandong
Zhejiang
Henan
Others
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
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Key Questions Answered in This Report
The China corn glucose market was valued at US$ 1.13 Billion in 2023.
We expect the China corn glucose market to exhibit a CAGR of 3% during 2024-2032.
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 beverages 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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