Market Dynamics of Corn Syrup

Market Dynamics of Corn Syrup
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This blog provides detailed information about Corn Syrup, including its classification, manufacturing process, industrial usage, price trends, and important players in the market.

Corn Syrup: Definition

Corn syrup is a gelatinous, sweet-tasting syrup obtained by breaking down or hydrolyzing cornstarch. The hydrolytic procedure to produce corn syrup is performed with the help of either heating it with dilute acid or blending it with enzymes, or by a combination of both.

At times, corn syrup is also called glucose syrup since it is also prepared from the hydrolysis process of starch; however, it is not essentially a corn starch. Starch can be obtained from wheat, potatoes, rice, and other plants. In addition, corn syrup is traded commercially in the form of either light or dark corn syrup. Light corn syrup is clarified and decolourised; hence, it is utilised in baked goods, candies, jams, and jellies.

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On the other hand, dark corn syrup is prepared by blending corn syrup with molasses and caramel colouring and is sweeter as compared to light corn syrup. Moreover, corn syrup is employed in the production of high-fructose corn syrup, wherein glucose is modified to fructose by adding an enzyme called D-xylose isomerase to it

Corn syrup with high fructose is predominantly used in the food sector, particularly in the production of soft drinks, since it is considered to be less costly in comparison to sucrose. Such an increasing demand for the product is influencing the corn syrup price trend globally.

Corn Syrup Production Process

Corn syrup is produced by the hydrolysis process of corn starch and is a purified and concentrated combination of saccharides. The hydrolytic method that is used to obtain corn syrup can be completed by either heating acid or by combining it with enzymes or doing both. The form and degree of hydrolysis determine the constituents of the saccharide mixture and dextrose counterpart. Corn syrup is the main source of d-glucose and d-fructose.

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Corn syrup is produced by first transiting a slurry of starch in water comprising a thermally secured α-amylase via a jet cooker, in which fast gelatinization and enzyme-catalyzed hydrolysis or liquefaction process happen. Once the solution is cooled to 55–60°C (130–140°F), glucoamylase is included, and hydrolysis is continued. After the hydrolysis process, the syrup is treated, decolourised, and reduced. The transformation is maintained until as close to DE 100 as possible to make crystalline dextrose or its monohydrate.

Industrial Uses of Corn Syrup

Corn syrup is utilised in the manufacturing of high-fructose corn syrup, which is predominantly utilised in the food and beverages sector, particularly in the production of soft drinks, since it is significantly lower in cost as compared to sucrose.

The low cost of the product affects the corn syrup production price. Corn syrup is also broadly utilised in cooking applications. It is employed as a liquid sweetener to make a vast range of commodities, such as jams, candy, frostings, jellies, and baked goods, such as pies, cookies, and cakes.

In addition, it is also utilised in candies to give them a glossy look and to avoid the crystallization of the sugars as happens in honey. Corn syrup provides moisture to the product, increasing its market demand.

Moreover, it is utilised in cake batters to provide them with a smooth consistency. Therefore, due to all the properties of corn syrup and its utilisation in food items, it is largely used by leading players in the market, resulting in surging sales in the industry and impacting the worldwide corn syrup price.

Corn Syrup Prices: Market Trend and Forecast

North America

North America leads the worldwide market for corn syrup, with the United States being the biggest producer and consumer of the product. This is because of the great demand for processed food, confectioneries, baked food, and ready-to-drink beverages in the United States.

Additionally, the high availability of corn as a raw material for corn syrup manufacturing is a main advantage for the regional producers of the product. Moreover, the leading companies existing in the corn syrup market are consistently involved in strategic development like partnerships, joint ventures, acquisitions, and mergers to utilise the current prospects in the corn syrup market.

Asia Pacific

The Asia Pacific region is expected to provide profitable opportunities in the high fructose corn syrup market, owing to the increasing steps by the processed food producers within the region to integrate appropriate and inexpensive constituents in packaged foods. In addition, the presence of a substantial consumer base of processed and sweetened food products in developing countries like India and China is helping in the expansion of the market.

Europe

Europe is a vast region that produces many goods, such as sweeteners made from corn starches. To support their region's economy and public base and to place their company for long-term success, an increasing number of corn starch manufacturers are investing in the corn sweeteners and starch market due to the rising demand for corn starch sweeteners across Europe.

Key Industry Players

  • Archer Daniels Midland Company
  • Cargill, Incorporated
  • Ingredion
  • Roquette America, Inc.
  • Tate & Lyle Ingredients Americas, Inc.
  • Karo Syrups
  • COFCO Rongshi Bio-technology Co. Ltd.
  • Grain Processing Corporation
  • Global Sweetners Holdings Ltd.
  • Xiwang Sugar Holdings Company Ltd.

About Author:

Prakhar Panchbhaiya

Senior Content Writer at Procurement Resource

Prakhar Panchbhaiya is an accomplished content writer and market research analyst. With over 4 years of experience in content creation and market analysis encompassing many industries, including pharmaceuticals, nutraceuticals, biochemistry, healthcare, ed-tech, and Food & Agriculture, he has been creating quality content for multiple sectors. He is a Biochemistry major with sturdy backing in a PG diploma in digital marketing, helping in the exhaustive content creation based on extensive research and competitive marketing.

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