China Corn Glucose Market to Reach US$ 1.49 Billion by 2032, Impelled by Rising Demand from Food and Beverage Sector

October 31, 2022 | Food & Beverages

According to the latest report by IMARC Group, titled "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 reached a value of US$ 1.13 Billion in 2023. Corn glucose is a form of glucose syrup that is generally produced from the hydrolysis of corn starch by mixing it with enzymes or heating it with dilute acid. It is an aqueous solution of glucose and maltose, which is a viscous, odorless, and colorless liquid. It is commercially used as a thickening, sweetening and moisture-retaining agent in the food processing processes. Besides this, it is also utilized in the preparation of candy, fondant, beer, and premade or canned baked goods. As a result, it is widely used to enhance the texture, flavor and color while adding volume to the food and is preferably utilized as a substitute for sugar.

China Corn Glucose Market Trends:

The market in China is primarily driven by significant growth in the food and beverage industry. Along with this, the changing dietary patterns of the masses and the growing consumption of processed food products are creating a positive market outlook. Moreover, the widespread adoption of corn glucose in the manufacturing of pharmaceutical syrups and tonics as it aids in improving mouthfeel and offering increased viscosity while playing a crucial role in the delivery of medicinal components, is providing a boost to the market growth. Additionally, the product is widely used in the formulation of numerous personal care products to improve the thickness and texture, thus impacting the market favorably. Furthermore, easy product availability via online and offline organized distributed channels and the emergence of home delivery models are acting as other growth-inducing factors. Other factors, including rapid urbanization, continual technological advancements in the production processes, and the increasing mergers and acquisition activities between key players, are also positively influencing the market across China. On account of the aforementioned factors, the market is anticipated to reach a value of US$ 1.49 Billion by 2032, exhibiting a CAGR of 3% during 2024-2032.

Market Summary:

  • On the basis of the type, the market has been segmented into HFCS 42, HFCS 55 and others. Presently, HFCS 42 is dominating the market segment.
  • Based on the end use industry, the market has been segregated into food and beverages, pharmaceuticals, personal care products, paper products and others. Among these, the food and beverages industry accounts for the largest market share.
  • On the basis of the region, the market has been categorized into Guangdong, Jiangsu, Shandong, Zhejiang, Henan and others. Currently, Guangdong holds the leading market position.
  • The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Type, End Use Industry, Region
Region Covered Guangdong, Jiangsu, Shandong, Zhejiang, Henan, Others
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China Corn Glucose Market to Reach US$ 1.49 Billion by 2032, Impelled by Rising Demand from Food and Beverage Sector
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