Market Size of North America Starch Sweetener Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 4.80 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
North America Starch Sweetener Market Analysis
The North America starch sweetener market is projected to register a CAGR of 8.5% during the forecast period (2020 - 2025).
- The inclination toward sugar substitute, owing to the increasing consumer concerns over nutrition and health, alongside rising inclination for a healthy diet, is probably going to boost market expansion. HFCS has been widely adopted by the food manufacturers in the United States due to its advantages over granulated sucrose, like it is easy to supply, good for stability, and its ease of handling.
- However, the replacement of sugar with low-calorie sweeteners, such as aspartame and stevia can reduce the calorie intake, and thus, help in weight and blood sugar level management. This may create a huge gap in terms of demand for starch sugars, thus, hampering the market growth.
North America Starch Sweetener Industry Segmentation
The North America starch sweeteners market is segmented by product type, application, and geography. By product type, the market studied is segmented into dextrin, fructose, high-fructose corn syrup, glucose syrup, and sugar alcohols, and by application, the market studied is segmented into bakery, dairy and desserts, meat and meat products, soups, sauces, and dressings, beverages, confectionery, dietary supplements, and other applications. Also, the study provides an analysis of the starch sweeteners market in the emerging and established markets, including United States, Canada, Mexico, and the Rest of North America.
| By Product Type | ||||||
| Dextrin | ||||||
| Fructose | ||||||
| High-fructose Corn Syrup | ||||||
| Glucose Syrups | ||||||
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| By Application | |
| Bakery | |
| Dairy and Desserts | |
| Beverages | |
| Meat and Meat Products | |
| Soups, Sauces, and Dressings | |
| Confectionery | |
| Dietary Supplements | |
| Other Applications |
| By Country | |
| United States | |
| Mexico | |
| Canada | |
| Rest of North America |
North America Starch Sweetener Market Size Summary
The North America starch sweetener market is experiencing significant growth, driven by the increasing consumer shift towards sugar substitutes due to health and nutritional concerns. The market is benefiting from the widespread adoption of High Fructose Corn Syrup (HFCS) by food manufacturers in the United States, attributed to its supply convenience, stability, and handling ease. However, the rising popularity of low-calorie sweeteners like aspartame and stevia poses a challenge, as they offer reduced calorie intake and assist in weight and blood sugar management, potentially impacting the demand for starch sugars. Xylitol, a starch sweetener, is gaining traction among health-conscious consumers for its sucrose-like sweetness without the aftertaste of artificial sweeteners, and its lower caloric and carbohydrate content makes it a preferred choice for diabetic individuals and those seeking weight management solutions.
Geographically, the United States is anticipated to witness the fastest growth in the North American region, driven by heightened awareness of the health impacts of excessive sugar consumption and the increasing use of low Glycemic Index sugar substitutes in processed foods and beverages. The demand for sweeteners like HFCS in confectionery and bakery applications is also contributing to market expansion. Favorable government regulations, such as the US FDA's approval of xylitol as a direct food additive, further support market growth. The competitive landscape of the North America starch sweeteners market is characterized by numerous domestic and multinational players, with companies like Ingredion Incorporated, Cargill, Incorporated, and others leading the charge through strategic mergers, expansions, acquisitions, and new product developments to enhance their market presence.
North America Starch Sweetener Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Porter's Five Forces Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Product Type
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2.1.1 Dextrin
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2.1.2 Fructose
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2.1.3 High-fructose Corn Syrup
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2.1.4 Glucose Syrups
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2.1.5 Sugar Alcohols
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2.1.5.1 Sorbitol
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2.1.5.2 Maltitol
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2.1.5.3 Xylitol
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2.1.5.4 Other Sugar Alcohols
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2.2 By Application
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2.2.1 Bakery
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2.2.2 Dairy and Desserts
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2.2.3 Beverages
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2.2.4 Meat and Meat Products
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2.2.5 Soups, Sauces, and Dressings
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2.2.6 Confectionery
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2.2.7 Dietary Supplements
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2.2.8 Other Applications
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2.3 By Country
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2.3.1 United States
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2.3.2 Mexico
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2.3.3 Canada
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2.3.4 Rest of North America
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North America Starch Sweetener Market Size FAQs
What is the current North America Starch Sweetener Market size?
The North America Starch Sweetener Market is projected to register a CAGR of 4.80% during the forecast period (2024-2029)
Who are the key players in North America Starch Sweetener Market?
Ingredion Incorporated, Cargill, Incorporated, Corn Refiners Association, SC Foods Co., Ltd., Sweetener Products Co. and Sweet Additions LLC are the major companies operating in the North America Starch Sweetener Market.
