The global market for HFCS is expected to grow from $5.9 billion in 2019 to a projected $7.6 billion in 2024.
China HFCS in China makes up about 20% of sweetener demand. HFCS has gained popularity due to rising prices of sucrose, while selling for a third the price. Production was estimated to reach 4,150,000 tonnes in 2017. About half of total produced HFCS is exported to the Philippines, Indonesia, Vietnam, and India.
European Union In the
European Union (EU), HFCS is known as
isoglucose or
glucose–fructose syrup (
GFS), which has 20–30% fructose content compared to 42% (HFCS 42) and 55% (HFCS 55) in the United States. While HFCS is produced exclusively with corn in the U.S., manufacturers in the EU use corn and wheat to produce GFS. GFS was once subject to a sugar production quota, which was abolished on 1 October 2017, removing the previous production cap of 720,000 tonnes, and allowing production and export without restriction.
Japan In Japan, HFCS is also referred to as 異性化糖 (iseika-to; isomerized sugar). HFCS production arose in Japan after government policies created a rise in the price of sugar. Japanese HFCS is manufactured mostly from imported U.S. corn, and the output is regulated by the government. For the period from 2007 to 2012, HFCS had a 27–30% share of the Japanese sweetener market. Japan consumed approximately 800,000 tonnes of HFCS in 2016. The United States Department of Agriculture states that HFCS is produced in Japan from U.S. corn. Japan imports at a level of 3 million tonnes per year, leading 20 percent of corn imports to be for HFCS production. HFCS accounts for about 27 percent of total sweetener consumption, with Mexico importing 983,069 tonnes of HFCS in 2018. Mexico's soft drink industry is shifting from sugar to HFCS which is expected to boost U.S. HFCS exports to Mexico according to a U.S. Department of Agriculture Foreign Agricultural Service report. On 1 January 2002, Mexico imposed a 20% beverage tax on soft drinks and syrups not sweetened with cane sugar. The United States challenged the tax, appealing to the
World Trade Organization (WTO). On 3 March 2006, the WTO ruled in favor of the U.S. citing the tax as discriminatory against U.S. imports of HFCS without being justified under WTO rules.
Philippines The Philippines was the largest importer of Chinese HFCS. Imports of HFCS would peak at 373,137 tonnes in 2016. Complaints from domestic sugar producers would result in a crackdown on Chinese exports.
United States In the United States, HFCS has been widely used in food manufacturing since the 1970s, primarily as a replacement for sucrose because of its similar sweetness. HFCS improved manufacturing quality, was easier to use, and was cheaper. Domestic production of HFCS increased from 2.2 million tons in 1980 to a peak of 9.5 million tons in 1999. Although HFCS use is about the same as sucrose use in the United States, more than 90% of sweeteners used in global manufacturing is sucrose. HFCS is easier to handle than granulated sucrose, although some sucrose is transported as solution. Unlike sucrose, HFCS cannot be
hydrolyzed, but the free fructose in HFCS may produce
hydroxymethylfurfural when stored at high temperatures; these differences are most prominent in acidic beverages. Soft drink makers such as
Coca-Cola and
Pepsi continue to use sugar in other nations but transitioned to HFCS for U.S. markets in 1980 before completely switching over in 1984. Large corporations, such as
Archer Daniels Midland,
lobby for the continuation of government corn subsidies. Consumption of HFCS in the U.S. has declined since it peaked at per person in 1999. The average American consumed approximately of HFCS in 2018, versus of refined cane and beet sugar. This decrease in domestic consumption of HFCS resulted in a push in exporting of the product. In 2014, exports of HFCS were valued at $436 million, a decrease of 21% in one year, with Mexico receiving about 75% of the export volume. In 2010, the
Corn Refiners Association petitioned the FDA to call HFCS "corn sugar," but the petition was denied.
Vietnam 90% of Vietnam's HFCS import comes from China and South Korea. Imports would total 89,343 tonnes in 2017. One ton of HFCS was priced at $398 in 2017, while one ton of sugar would cost $702. HFCS has a zero cent import tax and no quota, while
sugarcane under quota has a 5% tax, and white and raw sugar not under quota have an 85% and 80% tax. In 2018, the Vietnam Sugarcane and Sugar Association (VSSA) called for government intervention on current tax policies. == Health ==