The latest report by IMARC Group, titled "United States Corn Glucose Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027," finds that the United States corn glucose market reached
5.8 Million Tons in 2021. Corn glucose, also known as glucose syrup, is a purified and concentrated mixture obtained from the hydrolysis of corn starch. It is fat-free and contains small amounts of minerals, such as calcium, zinc, and thiamine. In addition, it is used as a thickener, sweetener, and humectant in frozen desserts, baked goods, jams, jellies, tinned fruits, and ice creams. It also improves color, adds volume, enhances the overall flavor, and provides a smooth texture to the food. Owing to these properties, corn glucose is widely utilized in the food and beverage (F&B) industry across the globe.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
United States Corn Glucose Market Trends:
The market is primarily driven by the rising product adoption in the food and beverage industry. Corn glucose is widely used in manufacturing jellies, jams, and various bakery products. In addition, the increasing utilization of corn glucose in the pharmaceutical industry to manufacture vitamin tonics and cough medication represents another major growth-inducing factor. Besides this, key market players are introducing innovative product variants, such as high fructose corn syrup or isomerized corn syrup, that offer enhanced stability and freshness to food products. This, coupled with the escalating demand for ready-to-eat (RTE) food items, such as canned fruits, due to the hectic lifestyles of consumers, is positively influencing the market growth. Moreover, the increasing usage of corn glucose to manufacture hair care, bath, cleaning, and makeup products is also creating a favorable market outlook across the country. Looking forward, IMARC Group expects the market to reach 6.6 Million Tons by 2027, exhibiting a CAGR of 2.34% during the forecast period (2022-2027).
- Based on the type, the market has been bifurcated into HFCS 42, HFCS 55, and others.
- On the basis of end-use industry, the market has been segmented into food and beverages, pharmaceuticals, personal care products, paper products, and others.
- On the geographical front, the market has been divided into Northeast, Midwest, South, and West.
- The competitive landscape of the market has been examined in the report, with detailed profiles of key players operating in the industry.
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