The Latin America, Middle East and Africa Corn Syrup Market would witness market growth of 6.2% CAGR during the forecast period (2022-2028).
Currently, a multi-step bioprocess is used to produce corn syrup. First, a solution of maize starch and water is mixed with the enzyme -amylase. The enzyme is recovered from the fluid in which the bacteria were grown and is released by several species of the bacterium genus Bacillus. The glucoamylase enzyme also referred as amylase, is added after the enzyme begins to break down the starch into oligosaccharides that are then broken down into glucose molecules. The fungus Aspergillus produces the enzyme glucoamylase, which is separated from the solution in which the fungus is cultured. By passing the glucose down a column that is filled with the enzyme D-xylose isomerase, which is extracted from the growth medium of any number of bacteria, the glucose can then be converted into fructose.
To meet its demands for pharmaceutical products, Africa primarily depends on imports. In the estimated $14 billion pharmaceutical sectors of sub-Saharan Africa as of 2019, up to 90% of the medications used were imported. Furthermore, although only 0.1% of the world's vaccinations are produced in Africa, it accounts for nearly 25% of the vaccine demand. 99 % of vaccine doses are imported into Africa, and of the 1% (12 million doses) that are domestically manufactured, the majority are only used for the last fill-and-finish procedures.
As of 2019, there were about 375 pharmaceutical producers on the continent. More than 75% of Africa's pharmaceutical imports come from other countries. Due to this, the penetration of new players across the regional pharmaceutical industry is estimated to rise.
The Brazil market dominated the LAMEA Corn Syrup Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $176.5 Million by 2028. The Argentina market is experiencing a CAGR of 6.7% during (2022 - 2028). Additionally, The UAE market would showcase a CAGR of 5.9% during (2022 - 2028).
Based on Application, the market is segmented into Food & Beverages and Pharmaceuticals. Based on Distribution Channel, the market is segmented into B2C and B2B. Based on Type, the market is segmented into High Fructose, Light, Dark, and Solid. The report also covers geographical segmentation of Corn Syrup market. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Corn Syrup Market is Predict to reach $11.1 Billion by 2028, at a CAGR of 4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include ACH Food Companies, Inc. (Karo), Grain Processing Corporation (Kent Corporation), Global Sweetners Holdings Ltd., Archer Daniels Midland Company, Cargill Corporation, Ingredion, Incorporated, Tate & Lyle PLC, and COFCO Corporation.
Scope of the Study
Market Segments Covered in the Report:
By Application
- Food & Beverages
- Pharmaceuticals
By Distribution Channel
By Type
- High Fructose
- Light
- Dark
- Solid
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- ACH Food Companies, Inc. (Karo)
- Grain Processing Corporation (Kent Corporation)
- Global Sweetners Holdings Ltd.
- Archer Daniels Midland Company
- Cargill Corporation
- Ingredion, Incorporated
- Tate & Lyle PLC
- COFCO Corporation
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Corn Syrup Market, by Application
1.4.2 LAMEA Corn Syrup Market, by Distribution Channel
1.4.3 LAMEA Corn Syrup Market, by Type
1.4.4 LAMEA Corn Syrup Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market composition and scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. LAMEA Corn Syrup Market by Application
3.1 LAMEA Food & Beverages Market by Country
3.2 LAMEA Pharmaceuticals Market by Country
Chapter 4. LAMEA Corn Syrup Market by Distribution Channel
4.1 LAMEA B2C Market by Country
4.2 LAMEA B2B Market by Country
Chapter 5. LAMEA Corn Syrup Market by Type
5.1 LAMEA High Fructose Market by Country
5.2 LAMEA Light Market by Country
5.3 LAMEA Dark Market by Country
5.4 LAMEA Solid Market by Country
Chapter 6. LAMEA Corn Syrup Market by Country
6.1 Brazil Corn Syrup Market
6.1.1 Brazil Corn Syrup Market by Application
6.1.2 Brazil Corn Syrup Market by Distribution Channel
6.1.3 Brazil Corn Syrup Market by Type
6.2 Argentina Corn Syrup Market
6.2.1 Argentina Corn Syrup Market by Application
6.2.2 Argentina Corn Syrup Market by Distribution Channel
6.2.3 Argentina Corn Syrup Market by Type
6.3 UAE Corn Syrup Market
6.3.1 UAE Corn Syrup Market by Application
6.3.2 UAE Corn Syrup Market by Distribution Channel
6.3.3 UAE Corn Syrup Market by Type
6.4 Saudi Arabia Corn Syrup Market
6.4.1 Saudi Arabia Corn Syrup Market by Application
6.4.2 Saudi Arabia Corn Syrup Market by Distribution Channel
6.4.3 Saudi Arabia Corn Syrup Market by Type
6.5 South Africa Corn Syrup Market
6.5.1 South Africa Corn Syrup Market by Application
6.5.2 South Africa Corn Syrup Market by Distribution Channel
6.5.3 South Africa Corn Syrup Market by Type
6.6 Nigeria Corn Syrup Market
6.6.1 Nigeria Corn Syrup Market by Application
6.6.2 Nigeria Corn Syrup Market by Distribution Channel
6.6.3 Nigeria Corn Syrup Market by Type
6.7 Rest of LAMEA Corn Syrup Market
6.7.1 Rest of LAMEA Corn Syrup Market by Application
6.7.2 Rest of LAMEA Corn Syrup Market by Distribution Channel
6.7.3 Rest of LAMEA Corn Syrup Market by Type
Chapter 7. Company Profiles
7.1 ACH Food Companies, Inc. (Karo)
7.1.1 Company Overview
7.2 Grain Processing Corporation (Kent Corporation)
7.2.1 Company Overview
7.3 Global Sweetners Holdings Ltd.
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.4 Archer Daniels Midland Company
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental and Regional Analysis
7.4.4 Research & Development Expense
7.5 Cargill Corporation
7.5.1 Company Overview
7.6 Ingredion, Incorporated
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Regional Analysis
7.6.4 Research & Development Expense
7.7 Tate & Lyle PLC
7.7.1 Company Overview
7.7.2 Financial Analysis
7.7.3 Segmental Analysis
7.7.4 Research & Development Expense
7.8 COFCO Corporation
7.8.1 Company Overview
TABLE 1 LAMEA Corn Syrup Market, 2018 - 2021, USD Million
TABLE 2 LAMEA Corn Syrup Market, 2022 - 2028, USD Million
TABLE 3 LAMEA Corn Syrup Market by Application, 2018 - 2021, USD Million
TABLE 4 LAMEA Corn Syrup Market by Application, 2022 - 2028, USD Million
TABLE 5 LAMEA Food & Beverages Market by Country, 2018 - 2021, USD Million
TABLE 6 LAMEA Food & Beverages Market by Country, 2022 - 2028, USD Million
TABLE 7 LAMEA Pharmaceuticals Market by Country, 2018 - 2021, USD Million
TABLE 8 LAMEA Pharmaceuticals Market by Country, 2022 - 2028, USD Million
TABLE 9 LAMEA Corn Syrup Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 10 LAMEA Corn Syrup Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 11 LAMEA B2C Market by Country, 2018 - 2021, USD Million
TABLE 12 LAMEA B2C Market by Country, 2022 - 2028, USD Million
TABLE 13 LAMEA B2B Market by Country, 2018 - 2021, USD Million
TABLE 14 LAMEA B2B Market by Country, 2022 - 2028, USD Million
TABLE 15 LAMEA Corn Syrup Market by Type, 2018 - 2021, USD Million
TABLE 16 LAMEA Corn Syrup Market by Type, 2022 - 2028, USD Million
TABLE 17 LAMEA High Fructose Market by Country, 2018 - 2021, USD Million
TABLE 18 LAMEA High Fructose Market by Country, 2022 - 2028, USD Million
TABLE 19 LAMEA Light Market by Country, 2018 - 2021, USD Million
TABLE 20 LAMEA Light Market by Country, 2022 - 2028, USD Million
TABLE 21 LAMEA Dark Market by Country, 2018 - 2021, USD Million
TABLE 22 LAMEA Dark Market by Country, 2022 - 2028, USD Million
TABLE 23 LAMEA Solid Market by Country, 2018 - 2021, USD Million
TABLE 24 LAMEA Solid Market by Country, 2022 - 2028, USD Million
TABLE 25 LAMEA Corn Syrup Market by Country, 2018 - 2021, USD Million
TABLE 26 LAMEA Corn Syrup Market by Country, 2022 - 2028, USD Million
TABLE 27 Brazil Corn Syrup Market, 2018 - 2021, USD Million
TABLE 28 Brazil Corn Syrup Market, 2022 - 2028, USD Million
TABLE 29 Brazil Corn Syrup Market by Application, 2018 - 2021, USD Million
TABLE 30 Brazil Corn Syrup Market by Application, 2022 - 2028, USD Million
TABLE 31 Brazil Corn Syrup Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 32 Brazil Corn Syrup Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 33 Brazil Corn Syrup Market by Type, 2018 - 2021, USD Million
TABLE 34 Brazil Corn Syrup Market by Type, 2022 - 2028, USD Million
TABLE 35 Argentina Corn Syrup Market, 2018 - 2021, USD Million
TABLE 36 Argentina Corn Syrup Market, 2022 - 2028, USD Million
TABLE 37 Argentina Corn Syrup Market by Application, 2018 - 2021, USD Million
TABLE 38 Argentina Corn Syrup Market by Application, 2022 - 2028, USD Million
TABLE 39 Argentina Corn Syrup Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 40 Argentina Corn Syrup Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 41 Argentina Corn Syrup Market by Type, 2018 - 2021, USD Million
TABLE 42 Argentina Corn Syrup Market by Type, 2022 - 2028, USD Million
TABLE 43 UAE Corn Syrup Market, 2018 - 2021, USD Million
TABLE 44 UAE Corn Syrup Market, 2022 - 2028, USD Million
TABLE 45 UAE Corn Syrup Market by Application, 2018 - 2021, USD Million
TABLE 46 UAE Corn Syrup Market by Application, 2022 - 2028, USD Million
TABLE 47 UAE Corn Syrup Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 48 UAE Corn Syrup Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 49 UAE Corn Syrup Market by Type, 2018 - 2021, USD Million
TABLE 50 UAE Corn Syrup Market by Type, 2022 - 2028, USD Million
TABLE 51 Saudi Arabia Corn Syrup Market, 2018 - 2021, USD Million
TABLE 52 Saudi Arabia Corn Syrup Market, 2022 - 2028, USD Million
TABLE 53 Saudi Arabia Corn Syrup Market by Application, 2018 - 2021, USD Million
TABLE 54 Saudi Arabia Corn Syrup Market by Application, 2022 - 2028, USD Million
TABLE 55 Saudi Arabia Corn Syrup Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 56 Saudi Arabia Corn Syrup Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 57 Saudi Arabia Corn Syrup Market by Type, 2018 - 2021, USD Million
TABLE 58 Saudi Arabia Corn Syrup Market by Type, 2022 - 2028, USD Million
TABLE 59 South Africa Corn Syrup Market, 2018 - 2021, USD Million
TABLE 60 South Africa Corn Syrup Market, 2022 - 2028, USD Million
TABLE 61 South Africa Corn Syrup Market by Application, 2018 - 2021, USD Million
TABLE 62 South Africa Corn Syrup Market by Application, 2022 - 2028, USD Million
TABLE 63 South Africa Corn Syrup Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 64 South Africa Corn Syrup Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 65 South Africa Corn Syrup Market by Type, 2018 - 2021, USD Million
TABLE 66 South Africa Corn Syrup Market by Type, 2022 - 2028, USD Million
TABLE 67 Nigeria Corn Syrup Market, 2018 - 2021, USD Million
TABLE 68 Nigeria Corn Syrup Market, 2022 - 2028, USD Million
TABLE 69 Nigeria Corn Syrup Market by Application, 2018 - 2021, USD Million
TABLE 70 Nigeria Corn Syrup Market by Application, 2022 - 2028, USD Million
TABLE 71 Nigeria Corn Syrup Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 72 Nigeria Corn Syrup Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 73 Nigeria Corn Syrup Market by Type, 2018 - 2021, USD Million
TABLE 74 Nigeria Corn Syrup Market by Type, 2022 - 2028, USD Million
TABLE 75 Rest of LAMEA Corn Syrup Market, 2018 - 2021, USD Million
TABLE 76 Rest of LAMEA Corn Syrup Market, 2022 - 2028, USD Million
TABLE 77 Rest of LAMEA Corn Syrup Market by Application, 2018 - 2021, USD Million
TABLE 78 Rest of LAMEA Corn Syrup Market by Application, 2022 - 2028, USD Million
TABLE 79 Rest of LAMEA Corn Syrup Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 80 Rest of LAMEA Corn Syrup Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 81 Rest of LAMEA Corn Syrup Market by Type, 2018 - 2021, USD Million
TABLE 82 Rest of LAMEA Corn Syrup Market by Type, 2022 - 2028, USD Million
TABLE 83 Key Information – ACH Food Companies, Inc.
TABLE 84 Key Information – Grain Processing Corporation
TABLE 85 key information – Global Sweetners Holdings Ltd.
TABLE 86 key Information – Archer Daniels Midland Company
TABLE 87 Key Information – Cargill Corporation
TABLE 88 Key Information – Ingredion, Incorporated
TABLE 89 Key Information – Tate & Lyle PLC
TABLE 90 Key Information – COFCO Corporation
List of Figures
FIG 1 Methodology for the research